Integrated Management System of MVM Ltd.

The Management of MVM Energy Private Limited Company (MVM Ltd.) treats the quality-based approach as a requirement in all activity areas of the nationally owned energy group, recognises the importance of environmental protection, energy efficiency, sustainable development and information protection, and strives to apply them in its business relations as well. 

Accordingly, MVM Ltd., as the controlling company of the MVM Group, operates the Integrated Management System conforming to the ISO 9001:2015, the ISO 50001:2019, the ISO 14001:2015 and the ISO/IEC 27001:2014 standards in an integrated way, and ensures its continuous development.

Energy Management
The MVM Group is a highly successful National Energy Group on a growth path. Its operations cover the whole Hungarian energy sector. It is a future- and customer-oriented Group which is competitive regionally. The Group provides its partners with sustainable and secure energy supply and energy-related services, accompanied by continuous innovation.

The fundamental tasks of MVM Ltd. are to manage and control the companies of the MVM Group in order to achieve the above strategic goal.

The main objectives of MVM Ltd. include increasing energy efficiency, rationalising the use of natural resources and implementing efficient, high-quality operations by carrying out innovation-based developments, using cleaner technologies, and applying best international practice through the exploitation of existing synergies at both company and Group level to the maximum extent.

MVM Ltd. operates an efficient energy management system developed on the basis of Hungarian standard MSZ EN ISO 50001:2019 and forming an integral part of its decision-making system, which is coordinated with its strategy. As part of this, it undertakes to:

• continuously improve its energy management performance and continuously develop its energy management system; 
• provide all necessary information and resources for the efficient implementation of the set objectives, energy management targets and development ideas;
• monitor and apply legal rules related to energy efficiency, energy utilisation and energy use as well as meet other organisational requirements; 
• support the procurement of energy-efficient products and services and planning activities that take into account improvements in energy management performance; 
• promote the introduction of new technologies and methods in order to increase energy efficiency which includes the use of alternative energy sources; 
• aims to increase the share of renewable energy sources;
• help strengthen the energy awareness of employees through the use of in-house training.

The management of MVM Ltd. is convinced that by implementing and continuously developing the Energy Policy and achieving the stated goals, the Company contributes to the improvement of energy efficiency and the increase of the Company’s economic efficiency.


Budapest, 26 March 2025
                                                                                                                                                          
Tamás Károly Mátrai
CEO
MVM Ltd.



MVM Ltd. Environmental Policy
The fundamental tasks of MVM Zrt. are strategic planning and the central management and supervision of the companies of the MVM Group. MVM Zrt. operates a certified environment-oriented management system that forms an integral part of its efficient decision-making system, which is aligned with its strategy.

Through its strategic planning, the MVM Group has an impact on the natural and built environment. In line with the principles of sustainability, the MVM Group aims to minimise the impact on the environment and biodiversity, reduce emissions of pollutants and waste, and eliminate past environmental damage, while respecting the principles of precaution and responsibility. Building on the long-term innovation and decarbonisation set out in its business and ESG strategy, the MVM Group will increase its carbon neutral energy production, applying efficient, energy-saving and sustainable processes and technologies, thus strengthening its competitiveness, market position, reputation, customer focus and positive impact on society. In its developments, investments and acquisitions, the MVM Group gives priority to continuous compliance with environmental requirements (IPPC), the application of Best Available Techniques (BAT), responsible resource management, material/part durability, reuse and low waste, and to the UN Sustainable Development Goals. Paralel to all the above, the MVM Group responds to climate change, strives for resilience, manages market turbulence and security of supply.

The management of MVM Zrt. is convinced that by fulfilling the objectives set out in its environmental policy, the company contributes to reducing the burden on our environment while improving its economic performance.

The MVM Group makes the following commitments on the bellow listed significant issues.
While mitigating and adapting to climate change, the MVM Group is committed to:
• take steps and measures to adapt to the current and future impacts of climate change and achieve carbon neutrality;
• as far as the production of electricity and heat is concerned, support the achievement of national climate policy targets set in line with EU expectations and the implementation of the various national climate and energy strategy plans and documents (e.g. National Energy Strategy) in force at the time;
• implement coal phase-outthe closure of the lignite-fired Mátra power plant in line with the implementation of the Mátra CCGT project;
• in the framework of the Green Transition, increase its renewable capacity/portfolio by nearly +3 000 MW by 2035, and maintain and develop its nuclear capacity;
• add nearly +2 700 MW of flexible assets (e.g. CCGT, energy storage) by 2035;
• take into account the integrability of renewables supporting it with appropriate grid investments;
• reduce GHG intensity, energy use and targets net carbon neutrality by 2050;
• increase e-mobility both within the Group and domestically. 

The MVM Group is committed to avoiding air, water and soil pollution by:
• continuously monitor the environmental impact of its activities, prevent negative impacts and reduce emissions of pollutants and waste;
• identify, control and monitor critical activities that have/may have a significant impact on the environment;
• exercise the utmost care and allocate sufficient funds for the rehabilitation of abandoned sites making them suitable for recycling;

MVM Zrt. undertakes the following commitments in relation to water as an essential environmental element:
• reduce negative impact on living waters, wetlands and drinking water resources and to minimize threats;
• manage risks caused by water shortages and incorporate them into its regular risk assessment and business strategy;
• reduce water consumption and water use intensity;
• manage wastewater in accordance with the law and with the utmost responsibility, and reduce its volume.

In relation to biodiversity conservation, the MVM Group is committed to:
• take into account and, insofar as possible, avoids negative impacts on biodiversity in the case of acquisitions, as well as in the planning, implementation and operation of investments.

In relation to resource use and the circular economy, the MVM Group is committed to:
• apply best available techniques (BAT), taking into account the durability of the material/component, prioritising the use of low-waste technologies, reuse, recycling;
• manage waste responsibly, reduce waste quantity, in particular hazardous and radioactive waste;
• strive to provide sustainable energy solutions along the whole value chain.
In addition, the MVM Group is committed to:
• comply with the legislation, standards, regulatory and internal requirements applicable to its activities (both in the EU and in the countries where it operates) and require its partners to act accordingly; 
• set targets to ensure that its taxonomic activities comply as far as possible with the criteria set out in the EU Taxonomy Regulations;
• in line with international expectations and in order to increase transparency, establish and publish traceable indicators and targets in the ESG Framework demonstrating sustainability performance in relation to the above-mentioned significant issues; and continuously improve its sustainability performance; 
• continuously monitor and improve its sustainability performance and rationalise its use of natural resources;
• identify and exploit sustainability opportunities, identify and manage risks, and develop and integrate measures to minimise them into the Group’s strategic, business and decision-making processes;
• consider as unsustainable any business partner (full value chain or supply chain) whose operations violate the environmental values and expectations set out in the MVM Group's Code of Conduct for Business Partners, and draw the attention of its partners to the need to comply with these principles, and in the event of failure, will terminate or reduce such business relationships;
• prepare for emergencies, react to any incidents that may occur, investigate the causes and modify its practices;
• continuously develop the professional skills of its employees, ensuring their commitment to a sustainable economy and protection of the environment, as well as their environmental awareness;
• share its knowledge, experience and good practices in the field of environmental and energy awareness with its employees and business partners, and make them available to society;
• maintain a continuous dialogue with stakeholders and cooperate with public authorities to prevent and tackle environmental pollution and emergencies;
• regularly inform stakeholders through its annual Sustainability Performance Report (Sustainability Report);
• participate in environmental/sustainability-related social initiatives and actions;
• support the implementation, operation and continuous improvement of environmental management systems of its member companies. 

The MVM Group establishes and publishes trackable indicators and targets to demonstrate sustainability performance in relation to climate change mitigation and adaptation; pollution; water; biodiversity; resource use and circular economy.
The MVM Group reviews its environmental policy annually, enforces it in accordance with internal regulations and makes it publicly available on its website in both English and Hungarian.

The CEO of MVM Zrt. is responsible for implementing the policy and ensuring that is carried out.
 


Budapest, 26 March 2025




Károly Tamás Mátrai
CEO
MVM Ltd.

Quality Management
MVM Ltd. plays a significant role in the area of the domestic and regional energy sectors. We strive to achieve and maintain the satisfaction of our Company’s stakeholders and business partners with our high level of services.

In our areas of operation, we treat the quality of our activities as a priority; in order to continuously improve it, MVM Ltd. operates an efficient quality management system certified in accordance with the ISO 9001:2015 standard, which is coordinated with the Company’s strategy and forms an integral part of its decision-making system.

In line with our commitment to continuous development, we aim to:

  • maintain and continuously improve the certified quality management system complying with the ISO 9001:2015 standard;
  • operate the quality management system in accordance with both the Group and company regulations;
  • meet the objectives in line with the Business Plan of MVM Ltd.;
  • increase trust in and satisfaction with our Company.

The purpose of our certified quality management system is to implement and develop our activities in a regulated manner in such a way that the provisions and specifications set out in legislation, official documents, standards, contracts and the Company’s Business Rules are applied.
The Management of the Company requires that its employees and subcontractors adopt its quality policy objectives, support the achievement of its quality objectives and fully comply with the requirements of the quality management system.


Budapest, 26 March 2025

                                                                                                                                                                 Tamás Károly Mátrai

                                                                                                                                                                 CEO

                                                                                                                                                                  MVM Ltd.



MVM Ltd. Information Security Policy
The MVM Group is a regionally competitive, future- and customer-oriented group of companies, which provides its partners with responsible, sustainable and secure energy supply and energy services parallel to continuous innovations. As a competitive market player on a dynamic growth path, it plans to continue its growth in the Hungarian market by expanding the services provided by its member companies, while abroad through acquisitions and investments. MVM Group's expanding portfolio covers the entire Hungarian energy system and is able to supply all parts of the energy value chain, from generation through distribution and trading to customers. With its complementary services (e.g. IT, telecommunications, financial services, security services), it is ready to provide a one-stop service for increasingly complex consumer needs. 

MVM Ltd., in addition to its dominant economic role, places greater emphasis than ever on supporting research, development and innovation, and on expanding renewable energy resources. To achieve its goals and fully meet the needs of its partners, the company must also adapt to the demands of a constantly developing and ever-changing digital society. To achieve this, it is essential to keep pace with infocommunications trends, promote innovative solutions and develop enterprise mobility, bearing in mind the associated information security risks and the measures to address them.

In addition to the requirements of the present times, the MVM Group, due to its significant role in the energy market, is also affected by the changing level of terrorist threats, which does not only entail the tightening of physical defensive measures, but also requires the preparation for and proactive defence against attacks from cyberspace. The possibility of attacks against the energy sector, especially power plants, is a real threat, and according to professional studies, a cyber-attack against Hungary could potentially aim at disrupting the electricity supply. In the past few years, several power plants in Europe and the organisations operating them have experienced the consequences of such attacks, which means that information security, business continuity management and crisis management must be given increased attention within the MVM Group, too. 

Taking all this into consideration, MVM Ltd. has a high priority interest in the regular review of information security measures and the continuous improvement of controls, emphasizing that the information assets managed by the Group must be protected against external and internal threats in order to preserve the confidentiality, integrity and availability of data. The safety division of MVM Ltd. promotes the enforcement and effective implementation of these principles through group-wide regulations and planned, regular safety audits.

The top management of MVM Ltd. has set the following key objectives and requirements to achieve the targets set:
• Maintaining up-to-date knowledge of, complying with and enforcing company legislation, regulations, the data protection law and international standards.
• Developing, keeping up-to-date and continuously improving the information security policy and other regulatory documents related to the information security system, setting, meeting and back-testing strategic objectives. 
• Monitoring of possible new risks and security solutions arising from technological innovations, continuous development and other sources, monitoring of trends, continuous supervision, evaluation and development of our own systems.
• Ensuring the physical and logical protection of infrastructure and assets with state-of-the-art technical equipment and trained professionals.
• Preparing for possible crisis events, operating and maintaining a business continuity management system.
• Gathering experience from the 2020-21 crisis, reviewing and improving the emergency management system.
• Taking measures to prevent threats and security incidents, developing action plans and procedures to deal with any incidents that may occur, also keeping in mind business continuity requirements.
• Continuous training of staff and encouraging the employees to be security-aware, emphasising the importance of information security, raising awareness of possible risks and protection measures in order to develop security awareness.
• Ensuring the achievement of the set information security objectives, compliance with relevant instructions and procedures through regular audits and continuous management support.
• Due diligence on newly founded or acquired companies, with the aim of achieving an overall level of security.

The managers, employees and co-operating partners of MVM Ltd. are committed to the implementation of the objectives set out in the Information Security Policy, and contribute to the development and maintenance of a culture of information security by setting a personal example and assuming responsibility.


Budapest, 26 March 2025

                                                                                                                                                                 Tamás Károly Mátrai

                                                                                                                                                                  CEO

                                                                                                                                                                  MVM Ltd.