Limiting The Consumption Of Resources

In the Bank Millennium Group, the methods of ordering office supplies and equipment is governed by internal instructions and verified in terms of the reasonability of purchase. Reusing existing resources (such as shredders, bill counters, refrigerators, microwaves, furniture) enables the Group to reduce the quantity of purchased office equipment and supplies. Transition to digital documentation and increasing the volume of sales through remote channels significantly reduces the consumption of paper.

In 2019, the Bank recorded a 76% increase in the volume of waste it generated. This increase was caused predominantly by the acquisition and optimization of SKOK Piast and the optimization of the Bank’s network of field branches.

Paper, metal, wood, plastic, glass and electronic waste produced in the course of the operating activity of the Bank and some of the companies is recycled or utilized by a specialized company with which the Bank has signed a contract. 84% of the waste is recycled.

Municipal waste from the Bank’s Head Office in Warsaw is collected by a specialized company. 75% of waste is segregated. Plastic, multi-material packaging and paper are processed. The Bank’s Head Office has introduced a waste segregation system into 5 fractions: plastic, multi-material packaging and paper, glass, bio and other). Containers to collect batteries and small electrical waste have been put in place. A campaign to collect large size electronic waste takes place once a year.

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

• use of energy-saving lighting in the Head Office and field branches as well as automatic systems for reducing energy and water consumption in the Head Office building, which has obtained an environmental BREEAM certificate (at a Very Good level), thereby reducing energy and water consumption;
• in order to reduce the consumption of fuels, the Bank Millennium Group has replaced almost all cars in its fleet with hybrid models. For business travel, low-emission means of transport (such as trains) are preferred. The use of air transport is kept below the set limit.

[GRI 302-1] Business travel

The growth in the costs of transport by rail, bus and taxi stemmed from the organization of training sessions/conferences addressed to sales departments and an increased number of business trips. In 2019, Bank Millennium merged with Euro Bank, which contributed to an increase in costs of business trips associated with integration and operational activities. After the legal merger (1 October 2019), Bank Millennium took over the per diem liabilities ex-Euro Bank employees.

Companies handle their business travel on their own.

[GRI 305-1] Greenhouse gas emissions

In 2019, the total CO₂ emissions in the Bank Millennium Group fell slightly – by about 0.1-0.2% compared to 2018:

• nearly 89% of the Millennium Group’s entire carbon footprint came from indirect emissions related to the consumption of electricity and heat in the Bank’s facilities (about 38% and 51%, respectively),
• some 10% came from the combustion of fuel in their own power installations and vehicles,
• approximately 1% came from indirect emissions associated with the use of public means of transportation.

On the other hand, total CO₂ emissions in Bank Millennium increased slightly by about 2% (vs. the 2018 levels). In 2019:

• nearly 89% of the Bank’s entire carbon footprint came from indirect emissions related to the consumption of electricity and heat in the Bank’s facilities (about 37.5% and 51.5%, respectively),
• 9.8% came from the combustion of fuel in their own power installations and vehicles,
• 1.2% came from indirect emissions associated with the use of public means of transportation.

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) – see: www.ghgprotocol.org

The reporting scope of 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, which are not in possession of the organization, i.e. taxis, aircraft, trains and buses (according to Scope 3 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/UK Government Conversion Factors for company reporting, domestic environmental agencies, i.e. kobize.pl and kape.gov.pl and electricity suppliers.

Data on greenhouse gas emissions may be stated as CO₂ or CO₂e emissions (where CO₂e is the CO₂ equivalent when we include carbon dioxide emissions resulting from direct emissions from the combustion of fuel and indirect emissions – from the consumption of electricity and heat consumption and business travel, plus the emission of other greenhouse gases, i.e. methane (CH₄) and dinitrogen monoxide (N₂O) emitted in trace amounts in the above combustion processes).

Although greenhouse gases are emitted in small quantities compared to CO₂ in these combustion processes, their impact on global warming (GWP, or the Global Warming Potential) is relatively greater per unit than that of CO₂.