The way we approach ESG

Bank's ESG Strategy

An extension of the fourth pillar of the Bank’s Business Strategy, „Responsibility,” is the ESG Strategy „Responsible Bank Supporting Sustainable Development”. It is the first document of Bank Pekao regulating the issue of its responsibility for the environment, social environment and the rules applicable within the organization. These themes are grouped under the three pillars 
 

  • "Environment" pillar

    • The "Environment" pillar focuses on increasing sustainable financing activities, supporting energy transformation as well as contributing the transition to low-carbon economy. Additionally, Bank's aspiration is to achieve its own climate neutrality in 2030.

  • "Commitment" pillar

    • In this pillar Bank defines its support towards the sustainable development of society and the economy. Engagement in social activities aimed at providing help, ensuring equal opportunities and preventing exclusion - mostly through charity and volunteerening - remains the main goal.

  • "Governance" pillar

    • In line with the this pillar, the Bank maintains the highest standards of corporate governance and develops an ethical approach to business. Taking into consideration the ESG issues, it declares social development, diversity and equality of employees in a modern, inclusive organization.

ESG partnerships

  • Together for the Environment

    • On May 5, 2021, Pekao Bank joined the Partnership for the Implementation of the Environmental Sustainable Development Goals "Together for the Environment" in cooperation with the National Environmental Foundation. It is a declaration of active support and implementation of projects to achieve the environmental UN Sustainable Development Goals. As part of it, the Bank, along with 21 other business representatives, announced its commitments on September 16, 2021 climate, i.e.: reduction of the carbon footprint by 2030 - achievement of own climate neutrality (scope 1 and 2 GHG Protocol) and reducing CO2 emissions in the value chain (Scope 3 GHG Protocol).

  • The United Nations Global Compact

    • Confirmation of the Bank's long-term and comprehensive approach to achieving the ESG goals came when it joined the United Nations Global Compact (hereafter UNGC) on October 19, 2021. Membership in the UN Global Compact means participation in the world's largest platform of corporate sustainability leaders, representing almost every business sector. The Bank thus reaffirmed its readiness to work towards the 2030 Agenda and to integrate the 10 Principles of the UN Global Compact into its strategies, committing itself to far-reaching social, economic and environmental goals.
       
      10 Principles of the United Nations Global Compact

      • Businesses should support and respect the protection of internationally proclaimed human rights, and
      • the elimination of discrimination in respect of employment and occupation.
      • make sure that they are not complicit in human rights abuses.
      • Businesses should support a precautionary approach to environmental challenges;
      • Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
      • undertake initiatives to promote greater environmental responsibility; and
      • the elimination of all forms of forced and compulsory labour;
      • encourage the development and diffusion of environmentally friendly technologies.
      • the effective abolition of child labour; and
      • Businesses should work against corruption in all its forms, including extortion and bribery.

Employee volunteering

The comprehensive employee volunteering programme is implemented in accordance with the Bank's Strategy for 2021-2024, where voluntary activities are part of the 4th pillar of the Bank's Strategy: “Responsibility", in particular in the area of "Society", and in line with the ESG Strategy, based on the goals set out in the second pillar of the ESG Strategy "Commitment".

Bank Pekao is eager to engage in partnerships in volunteer actions. In 2022, the Bank’s volunteer partners included the UNEP/GRID-Warsaw Center - Department of the National Foundation for Environmental Protection, the Apiterra Foundation, the Warsaw Institute of Banking Foundation, the Polish Red Cross, the SOS Children Villages Association, and the Polish Animal Welfare Society.

 

Our statistics for 2022:
110 actions
110 actions
1,230 employees
1,230 employees
8,432 hours
8,432 hours

Communication with stakeholders

Bank Pekao conducts active, transparent and effective communication with all stakeholders. The principles regarding contacts with investors, securities market analysts, media and customers are regulated by the Bank’s Information Policy.
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