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Integrated Report 2020

ESG aspects management

GRI:
TCFD:

The current Strategy for the functioning of BNP Paribas Bank Polska S.A. is the “Fast Forward” Strategy for 2018 – 2021 adopted by the Management Board and Supervisory Board in May 2018. The assumption of the “Fast Forward” Strategy is focus on Customer and digital transformation of products, services and processes, aimed at accelerating growth and increasing profitability.

  • 103-1
  • 103-2
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  • TCFD Risk Management Disclosure A
  • TCFD Risk Management Disclosure B
  • TCFD Risk Management Disclosure C

Five key pillars of the “Fast Forward” Strategy are the following:

 

Growth

 

 

Simplicity

 

 

Quality

 

 

Digitalisation

 

 

Enthusiasm

 

The implementation of the Strategy of BNP Paribas Bank Polska S.A. is supervised by the Management Board, headed by the President of the Management Board. Preparatory work on the Bank’s Strategy for 2022-2024 is currently under way on. The sustainable development aspect will constitute one of the key dimensions of the new Strategy.

An integral part of all the pillars of the current Business Strategy is the CSR and Sustainability Strategy, which consists of 12 commitments under 4 pillars of responsibility: economic, in the workplace, social and environmental. The CSR and Sustainability Strategy is consistent with the BNP Paribas Group CSR Strategy and takes into account local conditions. Activities performed under the Strategy are the Bank’s contribution to the implementation of the UN Sustainable Development Goals, recognised as a global plan to fix the world.

For more information on the implementation of the “Fast Forward” Strategy, please refer to Strategy and Business Model.

Focusing on environmental, social and governance aspects (ESG, E – environmental, S – social, G – governance) and aiming to implement the mission of sustainable development more effectively, in October 2020, following the Management Board’s decision, BNP Paribas Bank Polska S.A. appointed a new function in the organisation – Chief Sustainability Officer. The role of CSO was assumed by Jarosław Rot, Managing Director, responsible for the Asset and Liability Management and Treasury areas. His role is to manage and coordinate the organisation’s activities in the field of ESG issues, sustainable development and climate change mitigation. The Chief Sustainability Officer reports directly to the CEO, who supervises the implementation of the strategic integration of ESG aspects into the organisation’s activities.

Appointed in October 2020, Chief Sustainability Officer has been given responsibility related to the formation and establishment of the Sustainability Council. The task of the Sustainability Council, established in November 2020,  is to combine various competences and undertakings alongside the structures already in place. The Council is responsible for ensuring that the strategic objectives related to the implementation of the 2030 Agenda are understood and shared across all areas of the Bank’s business and among Customers, including the development of the Bank’s products and services. Its main responsibilities include defining and monitoring the strategy concerning ESG aspects (which will be an integral part of the new Strategy of BNP Paribas Bank Polska S.A. for the years 2022-2024), supervising the development of sustainable Bank products and services and linking initiatives undertaken in different business areas. It is also very important that the Council is composed of key areas for the purpose achievement, is interdisciplinary and permeates our entire organisation. It comprises 16 representatives of the Bank’s key areas and business lines. The Sustainability Council and the Chief Sustainability Officer report quarterly to the Management Board of BNP Paribas Bank Polska S.A. At its first meeting in December 2020, the members of the Sustainability Council decided to establish a group of Sustainability Officers who will coordinate and implement the activities comprising the implementation of the ESG Strategy in the respective areas of the Bank. This will create a Sustainability Community composed of CSOs, Sustainability Council and Sustainability Officers, responsible for active implementation of the Bank’s sustainability commitments, including, in particular, the fight against climate change.

Within the organisational structures of BNP Paribas Bank Polska S.A. there are units responsible for sustainability and ESG activities.

is responsible for the coordination of the overall CSR and Sustainability Strategy. The office also supervises the following areas:

  • Bank of Green Changes programme, which aggregates all the organisation’s activities to support pro-climate actions;
  • partnership cooperation with external expert organisations working for CSR and sustainable development;
  • implementation and coordination of CSR Policies in sectors deemed sensitive, and monitoring of Clients in social, environmental and corporate governance areas;
  • non-financial reporting on the local market and to the BNP Paribas Group;
  • supervision over the implementation of projects under “Idea Enagement”;
  • supporting the implementation of Sustainable Development Goals (SDGs) across the organisation.

analyses and develops programmes that will optimally support investments made by the Bank’s Customers from various market segments, particularly in the areas of energy efficiency, use of renewable energy sources, electromobility and environmental protection. The Bureau is the internal competence centre for sustainable financing and consolidates all of the Bank’s projects in this area. It is responsible for obtaining financing for pro-environmental projects in the form of credit lines, grants or guarantees, as well as providing technical assistance to Clients and promoting environmentally friendly attitudes. The programmes implemented by the Bureau are addressed to all market segments: Individual Clients, individual farmers, housing communities, micro, small and medium and large companies. The Bureau cooperates with the European Investment Bank and Bank Gospodarstwa Krajowego as well as other national and European public institutions.

ESG risk management

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BNP Paribas Bank Polska S.A. has developed a risk identification and assessment framework in response to the requirements of the supervisory review and evaluation process. Considering regulatory requirements, best practices and the use of the Bank’s proven existing risk management processes, the framework aims to identify and assess all risks to which the Bank is or may be exposed, and enables the maintenance of an up-to-date list of risks present in the Bank’s activities. The principles are common to all of the risks.

In 2020, the Bank reviewed its risk identification process to include risk events and risk factors with regard to climate. As a result of these activities, ESG risks were assessed as material for the Bank.

BNP Paribas Bank Polska S.A. distinguishes nine sectors that are particularly sensitive in terms of environmental, social and corporate governance risks. To become a Client of the Bank or obtain financing, an entity must fulfil a number of requirements described in the Policy for a given sector. In addition to the cyclical analysis of risks in particularly sensitive sectors, the Bank assesses ESG risk as part of the credit process for all corporate Clients.

More information on the ESG risk management system are presented in ESG risk management.

WIG-ESG index

Since September 2020, BNP Paribas Bank Polska S.A. is a included in the WIG-ESG index

The index has been developed by the Warsaw Stock Exchange (WSE) in order to draw attention of companies and potential investors to ESG (E - environmental, S - social, G - governance) criteria in the investment decision-making process.

WIG-ESG includes the biggest companies listed on the Warsaw Stock Exchange from the indices WIG20 and mWIG40, which are verified for compliance with environmental, social and corporate governance rules based on the ESG Ranking (ESG coefficient) and for compliance with the Good practices of companies listed on the WSE (KDP coefficient).

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