As the EU Taxonomy is a continuously developing set of legislation and companies are required to disclose the proportion of their activities described in the Taxonomy from 2022 onwards, the Bank has estimated the required proportion of exposures to activities described in the Taxonomy based on internal data (disclosure based on Annex XI of the Delegated Regulation to Article 8 of the Taxonomy Regulation). The analysis of the subject of the activity covered entities to which the Regulation on the so-called taxonomy in accordance with Art. 1 clause 2 of this Regulation.
Environment
Disclosures required in accordance with the Regulation of the European Parliament and of the Council (EU) 2020/852 on the so-called taxonomy
Pursuant to Regulation (EU) 2020/852 of the European Parliament and of the Council of June 18, 2020 on establishing a framework to facilitate sustainable investments, amending Regulation (EU) 2019/2088 (Taxonomy Regulation, hereinafter: „Taxonomy” or „EU Taxonomy”) and its implementing acts:
- Commission Delegated Regulation (EU) 2021/2178 of July 6, 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by clarifying the content and presentation of the information on environmentally sustainable business activities to be disclosed by companies subject to Article 19a or 29a of Directive 2013/34/EU, and specifying the method for complying with this disclosure obligation (Delegated Regulation to Article 8 of the Regulation on the so-called taxonomy), and
- Commission Delegated Regulation (EU) 2021/2139 of June 4, 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing technical eligibility criteria for determining the conditions under which an economic activity qualifies as making a significant contribution to climate change mitigation or adaptation, and whether that economic activity does not cause serious harm to any of the other objectives,
First of all, the bank is required to disclose the proportion of exposures to activities described in accordance with the technical eligibility criteria for achieving the goals of adaptation to climate change or mitigating climate change.
This obligation entered into force on January 1, 2022 and covers the reporting period for 2021.
Pursuant to Article 10(3) of the Delegated Regulation, the Bank, as a financial enterprise, from 1 January 2022 to 31 December 2023, discloses only the data specified in the above-mentioned regulation. The table below shows the above disclosures.
| TAXONOMIC DISCLOSURES (AS AT 31/12/2021) | CONTEXTUAL INFORMATION | ||
| Article 10.3.a) | Percentage of total assets of exposures to economic activities that qualify for taxonomy | 0.4% | Business activities of financial and non-financial entities subject to Directive 2014/95.EU of the European Parliament and of the Council (NFRD Directive) as described in the Delegated Regulation on the establishment of technical eligibility criteria for determining contributions to climate change mitigation or adaptation to climate change to prudentially consolidated total assets in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council (CRR Regulation). The exposures included loans, leases, factoring, corporate bonds and equity interests at gross carrying value |
| Article 10.3.a) |
Percentage of total assets of exposures to economic activities that qualify for taxonomy |
2.2% |
Business activities of financial and non-financial entities subject to the NFRD not described in the Delegated Regulation concerning the establishment of technical eligibility criteria for determining the contribution to climate change mitigation or adaptation to climate change to the total assets prudentially consolidated in accordance with the CRR Regulation. The exposures included loans, leases, factoring, corporate bonds and equity interests at gross carrying value |
|
Art. 10.3(b) |
Percentage share in total assets of exposures to central governments, central banks and supranational issuers |
25.0% |
Exposures in gross carrying amount to central governments, central banks and supranational issuers to total prudentially consolidated assets in accordance with the CRR Regulation. The exposure includes credit receivables and bonds in the noncommercial portfolio, including bonds issued by the Polish Development Fund and Bank Gospodarstwa Krajowego which are guaranteed by the State Treasury |
| Art. 10.3(b) |
Percentage of the total assets of derivatives |
3.2% |
Gross carrying amount of derivatives to total assets prudentially consolidated in accordance with the CRR Regulation |
|
Article 10.3.c) |
Percentage of total assets of exposures to business entities that are not subject to nonfinancial reporting |
34.6% |
Business activities of financial and non-financial entities not subject to the NFRD Directive, i.e. companies in the micro segment (including sole proprietorships), SMEs, corporations, companies in the public sector (including local government units) in gross balance sheet value to total assets prudentially consolidated in accordance with the CRR Regulation |
| Article 10.3 |
Percentage share in total assets of the trading portfolio |
0.2% |
Gross carrying amount of the trading portfolio excluding derivatives, equity instruments as well as loans and advances measured at fair value through profit or loss to total prudentially consolidated assets in accordance with the CRR Regulation |
|
Article 10.3 |
Percentage of total assets of interbank loans on demand |
0.2% |
Gross carrying amount of interbank loans on demand to total assets prudentially consolidated in accordance with the CRR Regulation |
|
Total prudentially consolidated assets (PLN million) |
250,642 |
42 The value of prudentially consolidated assets in accordance with the CRR Regulation |
|
The shares presented above differ from the ratios reported in accordance with the Bank’s ESG Strategy due to the different methodology of their calculation.