Voluntary disclosure
In the Business and Corporate Banking segment, one specific purpose transaction with non-NFRD/CSRD customer was assessed as complying with the technical screening criteria of the EU Taxonomy. As part of the transaction, a loan of PLN 115m was granted. The gross carrying amount as at 31 December 2024 was PLN 113.3m. The assessed activity is the acquisition and ownership of buildings, which contributes to climate change adaptation. The verification of technical screening criteria concluded that the customer had assessed physical climate risk relevant to its operations using external databases. It identified the main threats and took measures to increase resilience.
In relation to the climate mitigation objective and the DNSH criterion, it was confirmed that the building is not dedicated to extraction, storage, transport or manufacture of fossil fuels, as evidenced by the building permit and design. The subsidiary’s compliance with the minimum safeguards was evidenced by a legal document. The Bank also reviewed the policies, processes and code of conduct of the parent entity in terms of implementation of declarations in line with the OECD and UN Guidelines. The compliance with the minimum safeguards, technical screening criteria and DNSH criterion was evidenced by multiple reports, certificates and the Second Party Opinion. The analysis presented in the documentation was assessed by the Bank as reasonable, relevant and performed with due diligence.
