The Bank operates on the basis of best ESG (Environmental, Social, Governance) practices and complies with corporate governance principles. The company is listed in WIG-ESG - the index of socially responsible companies on the Warsaw Stock Exchange and for several years has been reporting on issues related to running a responsible business.
Application of corporate governance principles
Best corporate governance practices
On 29 March 2021, the WSE Supervisory Board adopted new corporate governance rules for companies listed on the WSE Main Market – “Best Practices for WSE Listed Companies 2021″ (Best Practices 2021, DPSN2021). Best Practices 2021 replaces the previous document in force since 2016, reflecting current trends in corporate governance. Best Practices 2021 came into force on 1 July 2021 and the deadline for the first report on their application was set for 31 July this year.
The Bank has meticulously reviewed the new rules. To this end, dedicated problem-solving workshops were organized to clarify stakeholder concerns, ensuring proper assessment of compliance and determining possible adjustment actions.
This resulted in ultimate adaptation to the text of DPSN2021 within the timeframe set by the WSE, which was also confirmed in the relevant report. In the Bank’s opinion, the Bank complies with all the rules set forth in the document entitled „Best Practices for WSE Listed Companies 2021”.