Observance of human and worker rights – introduction

Pekao Group companies and the Bank comply with applicable laws and ethical standards in respecting human rights. The key comprehensive regulation articulating these principles is the Pekao Group’s Code of Conduct, and Bank Pekao S.A.’s Code of Ethics for Suppliers, adopted by the Management Board of the Bank by Resolution of October 4, 2023. The Code of Ethics for Suppliers has been translated into English. It is available in Polish and English versions on the Bank’s website, the Procurement Department’s website, the Supplier Zone and the Bank’s ESG Service. In the Integrated Purchasing Tool (ZNZ), suppliers acknowledge that they have read the Code and agree to abide by it. The Code was also included in the model General Terms and Conditions (GTCs). On October 9, 2023, a message was sent to the Bank’s employees about the adoption of the Code by the Management Board of the Bank. The Code clearly defines the rules related to ESG criteria, Bank Pekao S.A. The Bank expects compliance with the provisions of the Code by Suppliers. The CSR Form created for the Procurement Department to obtain information on Suppliers’ compliance with business responsibility is also a document that takes into account the issues of sustainability, and the prevention of human rights violations by the Bank’s business partners.

The obligation to respect human rights rests with all employees of the Pekao Group regardless of their position, seniority, place and working time.

The above standards are promoted as part of efforts to ensure an ethical, fair and sustainable value chain.