Taxonomy-aligned activities and the sustainable development agenda

Due to the high level of difficulty of the Taxonomy assessment of credit institutions as well as strict technical screening criteria and other conditions which must be met to classify financing as Taxonomy-aligned, the quantitative Taxonomy disclosures of Santander Bank Polska Group do not precisely reflect the extent of measures taken by the Group as part of its sustainable development agenda. The results of the Group’s initiatives supporting environmental sustainability and energy transition are presented in more detail in the section 2.3 “Actions and resources in relation to climate change policies (E1-3)”.

The portfolio of Taxonomy-aligned loans and advances is expected to grow going forward along with the statutory extension of the scope of entities subject to CSRD as well as development of know-how and system for collecting, processing and documenting technical data and other non-financial information on the financed customers and products. That said, the observations from the last two years, during which the Group identified isolated transactions which were (or could be) Taxonomy-aligned and classified part of the portfolio of home loans as Taxonomy-aligned, are not sufficient to draw meaningful conclusions or predict future trends.