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2018 Financial and Social Report

Monitoring energy, water and fuel consumption

After an analysis of the consumption of water, energy and fuels, measures are taken to reduce consumption of these resources.

Bank Millennium Group 2018 Bank 2018 Group 2017 Bank 2017 Bank 2016 Bank 2015 Unit Group change 2018/2017 Bank change 2018/2017
Electricity purchased 30,060,119 25,984,803 29,758,730 26,137,322 28,919,799 22,730,441 kWh 1.01% -0.58%
Heating energy purchased 77,741 68,557 74,311 66,745 66,993 81,417 GJ 4.62%   2.7%
Natural gas 204,378 169,791 194,866 169,916 155,237 152,726 M3 4.88% -0.07%
Heating oil 4,600 4,600 11,218 9,131 13,570 13,832 L -58.99% -49.6%
[GRI 303-1]
87,654 80,549 78,573 72,078 68,511 70,703 M3 11.56% 11.75%

[GRI 302-1]

Fuel consumption by the Bank’s car fleet increased by about 22% compared to 2017. On the other hand, consumption of fuel in diesel motor vehicles fell by roughly 26%. This was caused by a higher number of cars in the fleet and the gradual replacement of cars with hybrid drive models, which reduce the emission of exhaust gases to the environment.

Bank Millennium replaced nearly all the cars in its fleet with hybrid models. The fleet will emit more than 500 tons of CO2 less per annum (a 20.6% reduction in emissions) in comparison with the level prior to replacing the cars.

Bank Millennium 2018 2017 Change 2018/2017
Fuel Gasoline Diesel Gasoline Diesel Gasolinea Diesel
Fuel consumption (liters) 408,925 169,800 333,767 203,889 22% -17%
Bank Millennium Group 2018 2017 Change 2018/2017
Fuel Gasoline Diesel Gasoline Diesel Gasoline Diesel
Fuel consumption (liters) 528,548 183,519 433,156 249,621 22% -26%

The Bank established limits for the use of various types of transportation to rationalize the number of business trips. Employees use mainly railway and bus transportation. Travelling by airplane or by private car is limited.

Business travel (km)*
2018 2017 2016 2015 Change 2018/2017
Air 566,782 212,425 185,227 241,638 167%
Taxis 3,562 3,155 1,716 1,317 13%
Railway 2,739,829 2,227,450 1,923,347 1,794,890 23%
Bus 483,499 247,495 211,568 199,432 95%

[GRI 302-1]

*data for Bank Millennium; the Companies do not keep a register of km traveled

The growth in the costs of transport by rail, bus and taxi stemmed from the higher number of training sessions /conferences addressed to sales departments and an increased number of business trips. At the end of 2018 Bank Millennium acquired SKOK Piast and signed by agreement to acquire Euro Bank, which also contributed to an increase in costs of business trips.

New employees participating in orientation training sessions in Warsaw are transported by taxi from their hotel to a training session in the Bank’s head office because there are some impediments to using the municipal transport system. The growth in the costs of airfare was driven by an increase in international business trips.

Companies handle their business travel on their own.

[GRI 305-1]

In 2018, nearly 90% of the Group’s entire carbon footprint came from indirect emissions related to the consumption of electricity and heat in the Bank’s facilities (about 42.7% and 47.0%, respectively), while some 9% came from the combustion of fuel in its own power installations and vehicles and approximately 1.2% from indirect emissions associated with the use of public transportation.

In 2018, Bank Millennium’s Group CO2 emissions were reduced by about 32% as compared with 2017. In 2018 a total increase in electricity consumption of about 15% was noted, however the Bank Millennium Group changed the electricity supplier. The new supplier has a significant share of natural gas in its portfolio, which significantly reduced the total CO2 emission in the Bank Millennium Group.

The reporting scope of these CO2 emissions pertains to direct emissions from burning fuel in its own sources of energy and cars (according to Scope 1 GHG Protocol), indirect emissions from burning fuel to generate the electricity and heat purchased by the organization (according to Scope 2 GHG Protocol) and other indirect emissions resulting from burning fuel in means of transportations not controlled by the organization, i.e. taxis, aircraft, trains and buses (according to Scope 2 GHG Protocol); The data pertaining to emission ratios come from the IPCC 2006 Guidelines for National Greenhouse Gas Inventories, Guidelines to DEFRA’s / DECC’s Greenhouse Gas Conversion Factors for company reporting, domestic environmental agencies, i.e. and and the Bank’s and Group`s electricity supplier.

Total emissions (tons)
CO2* 22,435 19,516 33,295 35,971 32,127 41,819 42,787 43,305 39,117
CO2e** 22,629 19,685 33,462 36,151 32,636 42,388 43,346 43,879 39,659

* concerns carbon dioxide emissions

** CO2e – concerns the total emission of greenhouse gases: CO2, CH4 and N2O calculated as the CO2 emission equivalent

*** data concerning the Millennium Group cover the consumption of electricity and heat as well as fuels at the Bank and the Millennium Group, at the same time the calculated emission includes only data regarding emissions as a result of business trips in Bank Millennium

The foregoing data pertaining to what is known as the Carbon were calculated on the basis of the methodology entitled Green House Gas Protocol, A Corporate Accounting and Reporting Standard, Revised Edition WBCSD (World Business Council for Sustainable Development).