The nature of the business activity of the bank and the group means that their direct impact on the environment is limited to consumption of natural resources. All entities of the group monitor their consumption of natural resources and engage in strategies to reduce it. An indirect impact on the environment relates to financing provided by the bank to business and public entities, and to its product offer.

PKO Bank Polski adopted a set of ESG metrics and integrated them with the non-financial objectives of the Bank's Capital Group for the following years. The fulfilment of objectives will be verified using reliable and fully measurable data. The bank has committed to eliminating exposure to the coal mining sector by 2030 and increasing green financing by at least 5% y/y. The volume of green financing relative to the bank's assets will be maintained at a level at least 3x higher than financing of the carbon-intensive sectors. In 2021 the bank increased green financing by 83% y/y, which resulted in value of exposure to green financing 3,5 times higher, than the value of exposure to high emission financing.

None of the group's entities conducted a project that could significantly affect the environment in 2021. [GRI 307-1] There were no pending administrative proceedings related to breaches of the environmental regulations by the bank or its subsidiaries that would result in financial penalties (in one subsidiary, waste collection fees were increased due to failure to meet the obligation of selective collection of municipal waste).

The Bank has adopted and implemented policy for financing the carbon intensive energy sector, the chemistry, oil and gas sector policy and policy for financing the renewable energy sector. Our pro-environmental activities are supported by introducing green products to the bank's offer.

Consumption of natural resources
Sectoral policies
ESG in the lending process
Green products offer