2019 Financial
and Social Report

Responsible Financing

[GRI 103-1, GRI 103-2, GRI 103-3] In line with the provisions of the “Environmental Policy of the Bank Millennium Group”, the Group supports the pursuit of environmental objectives by offering profiled products in all its business lines:

Individual Clients

  • The Bank offers its clients a credit card supporting environmental protection causes – WWF Millennium MasterCard. Bank Millennium transfers to the environmental foundation WWF Polska half of the monthly fee for handling the card and a certain percentage of the amount of transactions made with the card. Additionally, the card is made using an environmentally-friendly PETG polyester which may be recycled.
  • Mortgage loans granted by the Bank are verified in terms of the investor’s/borrower’s holding appropriate environmental decisions that enable the performance of the loan-backed investment. The Bank’s offering also includes mortgage loans for renovation or modernization of buildings which clients often use to obtain funds for modernization of, for instance, roofs covered with asbestos, replacement of central heating furnaces, etc.

Prestige and Private Banking Clients

Bank Millennium also offers units in responsible funds investing in environmentally friendly initiatives, including green technologies, e.g. BGF Sustainable Energy Fund and PZU Energia Medycyna Ekologia.

Corporate Clients – Funding of Investment Projects

  • based on loan agreements entered into with the EBRD (European Bank for Reconstruction and Development), for over 10 years now the Bank Millennium Group has been strongly involved in the provision of support to clients purchasing or leasing production lines and equipment that is characterized by high energy-efficiency and energy-saving parameters (Polish Sustainable Energy Financing Facility for Leasing – PolSEFF Leasing). In turn, the contract entered into with Millennium Leasing regarding the Polish Green Economy Financing Facility (PolGEFF) supports initiatives aimed at improving energy efficiency, reducing CO2 emissions and providing funding for the acquisition of equipment for generation of electricity from renewable energy sources (MilleSun program), water management and waste management.
  • The Bank offers the Biznesmax Guarantee Program provided in collaboration with Bank Gospodarstwa Krajowego (BGK). Guarantees under the Program are intended to secure loans granted to provide funding for innovative ventures in the SME sector, with a particular focus on eco-efficient companies. A client taking advantage of the “ecological path” of the Biznesmax Guarantee Program may pursue an investment project that involves at least one environmental category, e.g. electromobility, renewable energy sources, including photovoltaic installations, technologies for reducing energy consumption, technologies for producing alternative fuels, circular economy, installations for the recovery of raw materials from production processes, etc.
  • The Bank has adopted a lending policy for financing renewable energy sources for photovoltaic plants below 1 MW and for wind farms above 1 MW. Within the framework of this lending policy, renewable energy policy for Poland and the European Union’s 2020 target are supported.
  • The Bank has adopted a sectoral policy to support the funding of environmentally friendly and energy-saving investments, containing exclusions for the provision of funding for new coal mines and new investments in generation of energy from coal sources, except for initiatives aimed at reducing pollution levels.
  • [GRI 103-1, GRI 103-2, GRI 103-3, FS5] Bank Millennium has introduced to its corporate lending regulations certain restrictions regarding the financing of socially harmful activities included in the EBRD (European Bank for Reconstruction and Development) Environmental and Social Exclusion List. The limitations commit all Borrowers not to use the funding received from a loan 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 to the environment. Moreover, Borrowers are obliged to run their businesses in compliance with environmental protection regulations and other health and safety regulations and the rules of social conduct.

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