Principles for Preparing the Sustainability Statement [BP-1] [BP-2]

The consolidated sustainability statement of Bank Pekao S.A. Capital Group (hereinafter: “Pekao Group”) has been prepared in accordance with the Accounting Act of 29 September 1994, as well as the provisions of Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on establishing a framework to facilitate sustainable investment. It also complies with the European Sustainability Reporting Standards (ESRS), introduced by Commission Delegated Regulation (EU) 2023/2772 of 31 July 2023, supplementing Directive 2013/34/EU of the European Parliament and of the Council regarding sustainability reporting standards.
Pekao Group reports non-financial data on an annual basis. This statement covers sustainability information related to the Capital Group for the period from 1 January 2024 to 31 December 2024. The data has been fully consolidated, and the consolidation scope aligns with the financial statements.
The Capital Group consists of: Bank Pekao Kasa Opieki Spółka Akcyjna (hereinafter: “Bank Pekao”) as the parent entity, along with its subsidiaries and indirect subsidiaries, which operate in the banking, asset management, brokerage services, transaction advisory, leasing, and factoring markets. Additionally, Bank Pekao holds shares and equity interests in associated entities, as well as minority investments.
In 2024, Pekao Group comprised Bank Pekao and the following subsidiaries and indirect subsidiaries:
The statement applies to the entire value chain, both upstream and downstream, within Pekao Group.
Pekao Group has not exercised the right to omit specific information related to intellectual property, know-how, or innovation results. Furthermore, it has not deviated from the medium- and long-term time perspectives defined in ESRS. The metrics presented in the report do not include data concerning the value chain estimates derived from indirect sources.
The double materiality analysis process and the Statement contain forward-looking information. As such, assumptions and judgments were applied, including forecasts and projections regarding, among other factors, climate risks, transition risks, and opportunities. Forward-looking information reflects the Group’s current expectations and may be subject to uncertainty and changes, particularly due to economic conditions, regulatory changes, market shifts, or climate-related developments.
For the first time, the 2024 statement has been prepared in line with the European Sustainability Reporting Standards (EU ESRS). In previous years, Pekao Group published a non-financial report based on GRI Standards (GRI 1: Foundation 2021).