Transparency in ESG policies and sustainability reporting remains a priority for us. Therefore, sustainability is an area of ongoing focus for the management team, including the Board and senior management of the Bank Pekao S.A.
Responsibility for Sustainable Development
The Bank’s Management Board, in its daily communication with employees, emphasises the importance of ESG factors in building a sustainable organisation that:
- Maintains high corporate governance standards;
- Adopts an ethical approach to business;
- Undertakes initiatives for society and the environment;
- Supports the development of human capital.
The Board of the Bank possesses the requisite expertise in sustainability and plays a pivotal supervisory role, performing several critical tasks, including:
- Approval of ESG reports: The Board holds primary responsibility for the preparation and approval of sustainability reports, ensuring that the data within these documents is accurate, reliable, and compliant with applicable regulations. The Board is accountable for the completeness and correctness of these reports;
- Responsibility for risk management: The Board is responsible for managing risks, including financial risks and those associated with sustainability reporting;
- Legal compliance: The Board ensures compliance with legal requirements related to sustainability;
- Management of the sustainability reporting process: The Board is responsible for the strategy and process of sustainability reporting within the organization, including the implementation of relevant procedures and methodologies to ensure compliance with ESG reporting requirements and transparency in this area.
The ESG Council, established by a resolution of the Management Board in 2020, acts as an advisory body coordinating ESG-related matters, including sustainability reporting. Its main tasks include:
- Supporting decision-making processes concerning ESG issues;
- Identifying strategic directions and the Bank’s engagement in corporate social responsibility and sustainable development projects;
- Providing guidance on the development of sustainable banking products and services;
- Reviewing the engagement of the Bank’s subsidiaries in ESG-related projects while considering their specific business activities and autonomy.
In 2024, the ESG Council did not address material impacts, risks, and opportunities. However, in December 2024, in response to the need for better management of these issues, the Council’s competencies were expanded to include monitoring the management of impacts, risks, and opportunities associated with the Bank’s operations and approving the results of the double materiality analysis. Sustainable development objectives are monitored by the directors of units accountable for their implementation.
The ESG Council comprises four Management Board members:
- Marcin Gadomski – Vice President of the Management Board overseeing the Risk Management Division, including ESG risk, responsible for supervising the bancassurance risk management process. Chairman of the ESG Council;
- Dagmara Wojnar – Vice President of the Management Board supervising the Finance Division, responsible for overseeing the Whistleblowing Procedure. Deputy Chairwoman of the ESG Council;
- Robert Sochacki – Vice President of the Management Board supervising the Corporate Banking, Markets, and Investment Banking Division, the Business Banking Division, and the Pekao Brokerage House. Member of the ESG Council;
- Błażej Szczecki – Vice President of the Management Board supervising the the Retail and Private Banking Division. Member of the ESG Council.
Additionally, the ESG Council includes representatives from key Bank entities responsible for ESG-related matters (both business and support functions). The Council meets at least once per quarter.