Aligning the portfolio to the Net Zero 2050 targets

Topic from the Materiality Matrix: Aligning the portfolio to the Net Zero 2050

The Net Zero 2050 strategy provides for the implementation of appropriate measures to align our portfolio with the objectives of the Paris Agreement and the European Union’s policies, which point to a major role for the financial sector in combating climate change. The Net Zero targets and net zero emissions in 2050 apply to the entire value chain of the Santander Bank Polska Group.

The promotion of financing for green solutions included in the Net Zero 2050 Strategy also fits in with the TCFD recommendations. In addition, our activities in this area are guided by important international and EU initiatives on promoting sustainable transformation, including, among others:

  • UN Sustainable Development Goals,
  • EU Taxonomy Regulation,
  • Sustainable Finance Disclosure Regulation (SFCS),
  • the new Corporate Sustainability Reporting Directive,
  • UNEP Finance Principles for Responsible Banking,
  • international Equator Principles initiative,
  • aspects relevant to the industry as listed by ESG ratings – e.g. S&P ESG Scores and MSCI ESG.

More information about aligning our investment portfolio with Net Zero objectives can be found in the sections Integrating ESG into the organisation’s risk management system and Green finance.