Financial and ESG Report

Climate issues in the Bank Millennium Group’s strategy

In the past years, the Bank’s pro-environmental and pro-climate activities focused on reducing the Bank’s own environmental impact, imposing high standards of operations in this area and requiring the same from suppliers and partners. In addition, for several years the Bank has been involved in special energy transition financing programs.

The Bank has advanced and established skills in applying sustainability principles, also as regards climate, and continues activities aiming to support the Bank on its path to climate neutrality.

For more than a decade, the Bank has monitored, reduced and reported its own Scope 1 and 2 greenhouse gas emissions. In its latest business strategy for 2022-2024, the Bank has pledged to reduce these emissions by 50% in 2022 relative to 2020. The Bank also pledged to strive for climate neutrality by 2027 in Scope 1 and 2 and by 2050 in Scope 3. The pledge means the continuation of the efforts limiting own emissions and responsible development of a long-term credit policy taking into account the energy transformation processes.

The Bank will actively support corporate clients in their decarbonisation efforts, in developing their investment plans related to the European funds package, especially green finance. The Bank plans to implement products that support sustainable development of enterprises (energy efficiency and circular economy projects) and to further limit financing of activities that do not comply with sustainable development principles and to provide PLN 2 billion of financing for sustainable and transformational projects for the clients of the Bank and of the Bank’s Group over the next 3 years.

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