Bank Pekao S.A. published the Sustainable Finance Framework

The financial sector has an important role to play in creating a sustainable economy and fighting climate change. Bank Pekao once again shows that it wants to be part of this transformation and supports sustainable development. In November, Bank Pekao's Sustainable Finance Framework was published, a document specifying which project categories the funds from bonds issued by the Bank will go to.

Bank Pekao has been actively operating on the sustainable finance market for years, both organizing green and sustainable debt securities issues for clients and acting as an investor in such bonds. Now it is also entering this market as an issuer of green bonds, thus emphasizing how important it is to finance the transformation in Poland. This is an opportunity for Bank Pekao clients to obtain financing for green or social projects and an opportunity for investors to invest in a sustainable future.

Bank Pekao wants to stimulate change, strengthen the positive impact on the environment and society, and finance projects that support the implementation of the Sustainable Development Goals and take into account the EU Taxonomy. The Sustainable Finance Framework is a tool that will facilitate the achievement of these goals. This document specifies what projects the proceeds from bonds issued by Bank Pekao will be allocated to. The defined categories include: renewable energy, ecological construction, energy efficiency, as well as access to basic services.

The Sustainable Finance Framework has been prepared in accordance with applicable international standards published by ICMA and LMA. The framework has also received an independent party review (SPO) from Sustainalytics, confirming its credibility and positive impact.

Bank Pekao strengthens its activities to support the sustainable development of society and the economy. This is evidenced by specific activities and projects in recent years. In June 2021, the ESG Strategy for 2021-2024 was announced, under which the bank committed to organizing financing for new sustainable projects for at least PLN 30 billion.

The Sustainable Finance Framework is the next step on this path. More information about Bank Pekao's Sustainable Finance Framework can be found at: https://www.pekao.com.pl/en/investors-relations/bonds-and-ratings/sustainable-finance-framework.html