PKO Bank Polski, in line with the climate goals set out in its Strategy 2023-2025, continues on the path to climate neutrality. The Bank is reducing the level of carbon footprint generated by its operations and is taking steps to decarbonise its loan portfolio. The Partnership for Carbon Accounting Financials (PCAF) methodology will enable a harmonised approach to the assessment and disclosure of greenhouse gas emissions in the bank's loan portfolio.
- Measuring the carbon footprint of the loan portfolio is an essential first step for effective environmental risk management, which over time, if not properly addressed, will increasingly affect the materialisation of credit risk. It is important that, at the current stage of development of the environmental implementation processes, the banking sector adds significant value by using proven and consistent carbon measurement methods, becoming an important partner for our clients in going through the challenging energy transition path,
says Paweł Metrycki, Director of the Banking Risk Division at PKO Bank Polski.
- PKO Bank Polski aims to become a leader in ESG transformation financing. An important part of the implementation of our strategy is partnership and cooperation with organisations promoting standards that allow us to harmonise information relevant to ESG management. Obtaining comparable data on our ESG impacts will enable us to conduct analysis, set targets, report on actions and disclose progress. All this is crucial for us to achieve our business goals, which we associate with our environmental ambitions,
adds Małgorzata Darowska, Director of the ESG Sustainable Development Department at PKO Bank Polski.
PKO Bank Polski is the undisputed leader of the Polish banking sector, and the value of its assets is PLN 473 billion. After three quarters of 2023, the net profit of the PKO Bank Polski group exceeded PLN 4.8 billion. The company serves 11.9 million customers. It is the basic provider of financial services for all customer segments, achieving the highest shares in the deposits, loans and individual investment funds market. Thanks to the development of digital tools, including the IKO application, which has been activated by customers over 7.7 million times, PKO Bank Polski is the most mobile bank in Poland.