2019 Financial
and Social Report

About this report

[GRI 102-50] The Bank Millennium Group’s non-financial report depicts the operations of the Bank Millennium Group (Bank Millennium and its main subsidiaries: Millennium Dom Maklerski S.A., Millennium Leasing sp. z o.o. and Millennium TFI S.A.) during the period from 1 January 2019 to 31 December 2019 unless stated otherwise. The report has been prepared in accordance with the “Core” option of GRI Standards and in compliance with the non-financial reporting requirements imposed by the amended Accounting Act. It contains a recap of the Bank Group’s activity in the sustainable development context, i.e. in the economic, social and environmental areas. [GRI 102-52] The Bank Group publishes its reports annually. [GRI 102-51] The most recent report was published for 2018.

[GRI 102-45] The report describes the operations of the Bank and the Bank Millennium Group’s major companies: Millennium Leasing, Millennium Dom Maklerski and Millennium Towarzystwo Funduszy Inwestycyjnych. [GRI 102-10] A significant change occurred in the organization during the reporting period: Bank Millennium’s merger with Euro Bank. The merger resulted in changes in both the organizational structure and the structure of branches (Bank Millennium acquired Euro Bank’s own and franchise branches).

[GRI 102-49] This report has undergone certain changes in its reporting scope and reporting boundaries compared to the most recent publication in 2018. Unless indicated otherwise in the report, data obtained from Bank Millennium and Euro Bank have been consolidated as at 31 December 2019. [GRI 102-48] This report does not contain any corrections of information presented in the previous report.


[GRI 102-46] Employees and managers responsible for various reporting areas were involved in the reporting process. The process of defining the report’s contents was carried out with the assistance of a consulting firm and entailed a review of the hitherto reporting issues in accordance with the three steps required by the GRI Standards, i.e. identification, prioritization and validation. On this basis, an analysis was first conducted of the research conducted among the key Stakeholders (clients and employees), internal documents, sustainable development practices and trends in the industry as a result of which a list of the reporting aspects aligned to the Bank Group’s operations was created. The aspects selected were subject to prioritization by the managers of the Bank and Companies from the vantage point of two criteria: reputation impact and the Bank’s business strategy. As a result, the list of aspects pertaining to the Bank Millennium Group’s sustainable development was prepared.

[GRI 103-1] Presented below is a list of reported aspects selected during the reporting process along with the bounds of their impact. The aspects have been divided into three groups to reflect the findings of the analysis according to the two criteria mentioned above. The first group consists of the key aspects for the Bank Group’s operations that have been captured in detail in the report. Their description entails the management approach used and the specific resultant outcomes. The second group of topics are the ones that reference the Bank Group’s operations to a significant degree. Their description in the report is limited to the resultant outcomes or a qualitative description. The third group of aspects consists of issues of medium importance. Concise information or reference to other documents may be found in the report. The analysis of all these aspects gives consideration to their nature and impact. The boundaries of the internal aspects have been labeled with the letter (w), while external ones have been labeled with the letter (z). The nature of the impact has in turn been divided into a direct impact (b) and an indirect impact (p) – related to the firm’s business relations.

[GRI 103-1, GRI 102-47] Aspects of the Bank Millennium Group’s sustainable development reporting

Millenium-Grafy-2019_Tabela-EN Millenium-Grafy-2019_Tabela-EN

[GRI 102-56] This report has been verified by Deloitte as an external entity.

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