Our approach to sustainable development and responsible business conduct is presented in Bank Pekao's Strategy for 2025-2027, "Reaching Beyond the Horizon." The Strategy is based on three pillars, within which we identify nine strategic directions: GROWTH, ACCESSIBILITY and EFFICIENCY.
ESG is an integral part of our business strategy:
In our pursuit of sustainable development, we focus on six sustainable development goals to implement the UN Sustainable Development Agenda:
In 2026, our Bank published its Sustainability Statement for the second time. As in the previous year, based on expert advice, we validated the Pekao Group's value chain, taking into account the complexity of internal processes, regulatory and technological requirements, and the multitude of services and customer segments.
In preparation for preparing the 2025 Statement, we reviewed the assumptions developed the previous year and updated the conclusions from the double-materiality study. The study's findings form the basis for our actions and the definition of the Bank's strategic goals for the future, as well as for identifying the most important impacts, risks, and opportunities identified in the 2025 update of the double-materiality analysis.
In 2025, the Bank's Management Board approved the Bank Pekao S.A. Capital Group Transformation Plan, which aims to support the implementation of the long-term goal of the Paris Agreement, which is to limit the average global temperature increase to 1.5°C compared to the pre-industrial era. The plan sets out specific goals and actions for financed greenhouse gas (GHG) emissions related to our portfolio, as well as our own operations related to real estate and the vehicle fleet. The Plan's decarbonization goals support the implementation of the environmental goals set out in the Strategy, which include:
A key preparatory step preceding the definition of decarbonization goals for the Group's portfolio was to analyze the validity and feasibility of defining quantified goals for the sectors we finance and the possibility of comparing these goals to reference decarbonization pathways resulting from scientific climate scenarios.
As a result, the Transformation Plan includes two priority sectors for decarbonization:
The Strategy is the overarching document supporting the identification of opportunities related to climate change mitigation and adaptation, and outlining ways to reduce our negative impact on the climate. ESG is an integral element of our business strategy, however, the Strategy itself does not establish goals, directions of action, or development in the manner required by the regulatory solutions introduced by European sustainability reporting standards, which define the specific characteristics of these elements.
In the context of striving to mitigate climate change and counteract further changes, calculating and monitoring the carbon footprint in Scopes 1 and 2, as well as in the supply chain (Scope 3, categories 1-14), remains a crucial element. To this end, the Bank is implementing a number of initiatives, including the introduction of environmentally friendly improvements at the Bank's locations, which help optimize their operations and contribute to reducing energy and consumable consumption.
In the case of lending and investment activities (Scope 3, category 15), we see the Strategy as providing the greatest opportunities to capitalize on our business opportunities by increasing our activities in the areas of:
Goals arising from the Bank's Strategy for 2025-2027
Goals resulting from the Capital Group Transformation Plan
When calculating greenhouse gas emissions in Scopes 1 and 2, we rely on the calculation methodology of the GHG Protocol Corporate Standard.
Due to the nature of our business, we are not subject to the European Union Emissions Trading Scheme. In our Scope 3 greenhouse gas balance prepared in accordance with the GHG Protocol Corporate Accounting and Reporting Standard, we report the following categories in 2025: 1, 2, 6, 7, and 15.
Our carbon footprint calculations covered 83.87% of the Pekao Group's balance sheet assets (compared to 77.82% in 2024).
The procedure defines the principles for the preparation, verification, and publication of the Pekao Group's Sustainability Statement. The document regulates, among other things, the process of collecting and analyzing ESG data and mechanisms ensuring the reliability and comparability of disclosed information.
The procedure was adopted on December 4, 2025, by order of the Bank's Management Board. The full version of the Procedure is internal information and has not been made publicly available.
Credit Risk Policy 2022 defines the strategy and risk appetite for the Bank's and Pekao Group's lending activities as part of prudent risk management. The content of the Policy is based on the Bank's experience, good risk management practices, regulatory requirements and the projected macroeconomic scenario. The Credit Risk Policy reflects the assumptions of the Bank's ESG Strategy, taking into account the following:
The Credit Risk Policy is approved annually by the Bank's Supervisory Board.
The policy sets forth principles and rules regarding standards and guidelines for optimizing the Bank's energy consumption in terms of environmental protection based on a commitment to properly monitor and prevent, as far as possible, any negative environmental effects of its operations. The principles outlined in the Policy are guidelines for each employee to influence awareness of the environmental issue by optimizing energy consumption. They should be applied with reasonable flexibility, taking into account the specific situations of each job.
Currently, the Policy adopted by the Resolution of the Bank's Management Board of 5 December 2019 is in force. The full version of the Policy is internal information and has not been released to the public.
The Principles define norms, attitudes and behaviors of the Bank relating to its risk awareness, risk-taking and risk management as well as control mechanisms shaping risk decisions within the risk appetite adopted by the Bank.
The principles of the risk culture in particular relate to:
The Principles are an integral element of the risk management process at the Bank.
The Principles were adopted by a resolution of the Bank's Supervisory Board of 13 December 2021. The full version of the Principles is internal information and has not been released to the public.
The Bank's goal in terms of information security is to ensure an adequate level of information security, in particular, customer data and customer transactions processed in information systems, as well as to provide access to Information to appropriate authorized parties. The policy applies to the Bank's information systems, processing information in both traditional and electronic form, owned or merely administered by the Bank.
Currently, the Policy adopted by the Resolution of the Bank's Management Board 23 February 2023 is in force. The full version of the Policy is internal information and has not been released to the public.