In July 2019, we participated in the coal policy monitoring initiative developed by Reclaim Finance.
Information about policies adopted by the financial institutions globally towards the coal sector were published in the Coal Policy Tool. PKO Bank Polski adopted a policy for financing of the carbon-intensive energy sector in 2019. The policy targets a reduction in the share of the carbon-intensive sectors in the bank's loan portfolio and covers all types of financing granted to entities operating in those sectors. It applies to loans as well as bonds purchased by the bank as part of the investment underwriting (issuance guarantees). The bank does not have any capital exposure (shares) to entities operating in the carbon-intensive energy sector.
More information about our financing policy can be found in the Environmental responsibility section.