Financial and
ESG report 2020

Approach to reporting

About this report

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 2020 to 31 December 2020 unless stated otherwise. The report has been prepared in accordance with the Core GRI Standards and in compliance with the non-financial reporting requirements under 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 the reports annually. [GRI 102-51] The most recent report, prepared for 2019, was published in February 2020.  

[GRI 102-45] The report describes the operations of the Bank and the major companies of the Bank Millennium Group: Millennium Leasing, Millennium Dom Maklerski and Millennium Towarzystwo Funduszy Inwestycyjnych. [GRI 102-10] In the reporting period, significant changes resulting from the merger of Bank Millennium and Euro Bank in November 2019 continued within the organization. They concerned mainly the outlet structure (Bank Millennium acquired not only Euro Bank branches but also franchise outlets).  

[GRI 102-49] This report has not undergone any major changes in terms of its reporting scope and boundaries compared to the most recent publication in 2020. [GRI 102-48] Nor does this report contain any adjustments to the information in the previous report.

Methodology

[GRI 102-46] The reporting process required involvement of employees and managers responsible for various reporting areas. The process of defining the report’s contents for 2019 was carried out with the assistance of a consulting firm and entailed a review of the topics previously reported on 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. During the 2020 report preparation process, it was decided that there was no need of repeating the full examination. The materiality analysis was updated based on the performed review of internal documents as well as best practices and the major sustainable development trends in the financial industry.  

[GRI 102-47] Below please find the 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. 

The aspects of the Bank Millennium Group’s sustainable development reporting  

Millenium-Grafy-2019_Tabela-EN-1 Millenium-Grafy-2019_Tabela-EN-1

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

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