The Group supports the pursuit of environmental goals by introducing specially profiled products to its offering. The Bank Millennium Group does not provide funding for new coal mines and new investments in coal-based energy sources, except for new investments aimed at reducing pollution levels. New financing in the energy sector is possible only if used to engage in non-carbon energy sources, energy transformation to non-carbon energy sources.
For many years now, the Group has supported the funding of environmentally-friendly and energy efficient projects, including those aimed at replacing carbon-based energy generation with low-emission energy sources and modern energy infrastructure for renewable energy sources reducing emissions and supporting energy efficiency, especially in energy-intensive and high-emission industries, projects focused on low-emission cars.
The Bank’s customers are obligated not to use proceeds from loans in any way that is related to the actions featured on the Environmental Exclusion List of the European Bank for Reconstruction and Development. They are also obligated to obtain and maintain all the necessary environmental permits in connection with their business activity and to conduct the activity in compliance with any relevant laws, standards and other regulatory requirements at the nation-wide and local level with respect to protecting the environment, health and safety as well as rules of social conduct.