Policies

We apply the principle of prudence in managing our environmental impact, and the overriding document concerning our approach to environmental risks is the Sustainability (CSR) Policy of Santander Bank Polska S.A. which applies to the entire Group.

Our approach to environmental topics is laid down in:

In these documents we undertake to take into account in decision-making processes ethical, social and environmental dimensions as well as financial criteria and risk factors in line with the “Sustainability Policy“ and other sectoral policies.

The “Climate Change and Environment Management Policy“ is a document binding in the entire Group which defines activities and initiatives supporting environmental protection and mitigating the effects of climate change.

An important addition to the above documents are sectoral policies concerning the financing of projects and customers from  high-risk sectors which were implemented in 2015 and updated in 2019:

These policies specify, among other things, the criteria for the evaluation of companies from high-carbon industries. The bank applies strict limits to the financing of investments and projects. Only transactions that significantly improve the environmental impact (the minimum CO₂ reduction is 20%) or have a net coal power unit efficiency of at least 40% are allowed.

The sectoral policies set out the criteria applied by the bank for the provision of financial products and/or services – including all forms of financing, insurance services, asset management, capital investment and advisory services – to clients and projects related to the activities described in the policies.