The Bank’s offering for Corporate clients includes products to finance infrastructure development in rural areas, environmentally friendly investments and solutions supporting development of small and medium enterprises. [GRI 103-2]
Environmentally and socially responsible lending
Bank Millennium has inserted clauses in its rules and regulations for lending to Corporate Banking clients on all clients having to meet the requirements of environmental protection and respecting employment rules. This means that all the projects debt-financed by the Bank and all credit products are also subject to these requirements.
The rules and regulations contain certain restrictions regarding the financing of socially harmful activity featured on the EBRD Environmental and Social Exclusion List. The limitations commit all the Borrowers not to use the funding received from the loans for projects associated with forced labor and all forms of discrimination in employment and production and trade in various substances recognized as dangerous and harmful for the environment.
Moreover, the Borrowers are obliged to run their businesses in compliance with environmental protection regulations and other health and safety regulations and the principles of social cohabitation. In the case of the Leasing Eko Energia program, the Client signs a declaration of the estimated energy efficiency of the planned investment project.
Financing of environmental and social projects
Bank Millennium’s corporate clients may use the offering of products to finance environmental and social undertakings.
Value of socially responsible products in 2016
|Value of socially responsible products in 2016||Product portfolio value (PLN)||Number of products in the portfolio|
|Polseff||27 197 124||280|
|Technological Loan||28 388 132||6|
|Loan for Technological Innovations||42 644 795||8|
|EFRWP Loans||1 365 800||3|
|Leasing Eko Energia||61 754 920||574|