ESG Service ESG Report 2020
Zmiana wielkości czcionki
wersja polska english version

How we manage environmental and climate risk

GRI:[ ]
ESG:[ ]

The commitments we have made to cease financing certain activities are among the most important assumptions in our environmental and climate policies.

  • GRI:
  • 103-1 Explanation of the material topics and their boundaries for the topic Comprehensive risk management, including ESG risk
    Explanation of the material topics and their boundaries for the topic Comprehensive risk management, including ESG risk
  • 103-2 Management approach to topics identified as material for the topic Comprehensive risk management, including ESG risk
    Management approach to topics identified as material for the topic Comprehensive risk management, including ESG risk
  • 103-3 Evaluation of the management approach to topics identified as material for the topic Comprehensive risk management, including ESG risk
    Evaluation of the management approach to topics identified as material for the topic Comprehensive risk management, including ESG risk
  • ESG: E - Environmental Our approach to Social Responsibility
    Our approach to Social Responsibility

For business and regulatory reasons, as well as to meet the expectations of our stakeholders, we have decided to refrain from financing new thermal coal mines and new thermal power units based on this raw material.

In our social and environmental policies we declare:

  • no new funding for coal mining,
  • total reduction of coal mining exposure by 2030,
  • reduced financing for existing coal-fired power plants,
  • no financing for new coal-fired power plant projects
  • discontinuation of financing for power companies with more than 10% of their revenue from coal-fired generation, starting in 2030.

We have set up a social and environmental risk team in the Risk Department that is responsible for assessing these risks and making recommendations regarding transactions with customers.

Our credit partners are required to verify that a social and environmental risk analysis has been performed and that the required expert recommendation has been included in the credit application.