The energy sector has a special responsibility for sustainable development. These are energy producers who have a key impact on enabling other market participants, as well as private individuals, to make climate-responsible choices on a daily basis.
In order to meet the expectations of stakeholders, as well as acting in accordance with the adopted Values and the business model, the Polenergia Group sets ambitious goals in this Strategy. Its implementation will ensure the continuity of the Group’s sustainable and responsible operations.
Sustainable Development Strategy Goals
The main goal of our Strategy is the continuous development of the Polenergia Group’s business while exerting a positive influence and mitigating or preventing negative impacts.
In the Polenergia Group’s Sustainable Development Strategy we address topics that are important to us in three areas:
Environmental and climate issues
Issues concerning people and society, including employees
Corporate management and governance
The foundation of the goals of the Sustainable Development Strategy is acting based on the principle of due diligence. At Polenergia, we are aware of the multidimensional impact of business, which is why each of our actions is preceded by research of our impact and effects.
Polenergia Group’s Ethical Values
The Polenergia Group develops within the limits set by the adopted ethical values. By updating the fundamental Ethics policies in 2022, we set the framework for ethical conduct in every aspect of the Group’s business.
Setting ourselves ambitious Strategic goals for the coming years, we act in the spirit of the principles that we, as the entire organization, have adopted as the major guidelines of conduct:
Respecting and supporting human rights and labour standards
Respect and openness
Environmental protection, dialogue and cooperation with local communities
Responsibility and commitment
Selected factors affecting the Sustainable Development Goals
The entry into force of the Regulation of June 18, 2020 on establishing a framework to facilitate sustainable investments has brought a new quality to the transparency of business activities.
Minimum Safeguards are part of the EU Taxonomy. Due to the subject of due diligence in the field of human rights in the regulations concerning non-financial companies, there is a need to comprehensively regulate the issue of due diligence processes.
The Polenergia Group performed a multi-level update of the approach in this respect already in 2022. Implementation of the objectives of the Strategy will ensure uninterrupted and effective functioning of due diligence processes and their constant adjustment to regulatory
Equality and diversity
On November 22, 2022, the European Parliament formally adopted new rules on the composition of management staff.
By 2026, companies will need to have 40% of the under-represented gender among non-executive directors or 33% of all directors.
The Polenergia Group considers respect and openness to be one of its main ethical values. By implementing the objectives of this Strategy, we will comprehensively address not only equality and diversity at the highest decision-making levels, but we will also ensure that it ensures equal opportunities and respect for diversity across the entire employment structure.
Corporate Sustainability Reporting Directive
Companies will already report on sustainability in 2024 reports. Uniform reporting standards.
The CSRD has sorted out the subject matter of individual issues included in ESG areas. In the Polenergia Group’s Strategy, we have taken into account the division used in the CSRD when constructing the goals.
Implementation of the ESG Strategy goals will enable Polenergia Group not only to prepare for future reporting obligations. Our ambition is that our stakeholders reading our reports will find inspiration and interesting information bringing them closer to the challenges of sustainable development in the energy sector.
Social and employee area
Management and governance area
Tackling and adapting to climate change
Water and marine resources
Biodiversity and ecosystems
Resource use and circular economy
Employees in the value chain
Rights of community members
Corporate governance, risk management and internal audit
Responsible business practices
including management and quality of relationships with business partners, suppliers and subcontractors
E: Climate change and energy sector
As climate organizations are increasingly raising the alarm, we are at the last moment where we can mitigate the catastrophic impacts of climate change on life on earth with decisive action.
Climate change will also affect the ability to conduct business as usual. The IPCC indicates in its reports that sudden weather events, as well as long-term trends like variability in wind intensity, will also affect the ability to generate energy from renewable sources.
E: Trajectory of reducing greenhouse gas emissions
The Polenergia Group, operating in the energy sector, strives to reduce greenhouse gas emissions as part of its own operations. Due to the nature of our business model, which includes a significant share of renewable sources in our portfolio, activities under the Sustainable Development Strategy will focus on:
Maintaining emissions from the Polenergia Group’s operations within the limits set by the reduction trajectory for the energy sector by SBTi (Science Based Targets initiative)
Enabling other market participants to achieve the intended reduction targets through the successive development of the renewable energy segment, conducting innovative projects and comprehensive research on the impact of the group’s operations
COP15 – Biodiversity action
The key events at the COP 15 conference concerned:
Adoption of an equitable and comprehensive framework matched by the resources needed for implementation.
Clear targets to address overexploitation, pollution, fragmentation and unsustainable agricultural practices.
A plan that safeguards the rights of indigenous peoples and recognizes their contributions as stewards of nature.
Finance for biodiversity and alignment of financial flows with nature to drive finances toward sustainable investments and away from environmentally harmful ones.
At Polenergia we set ourselves ambitious goals in the field of biodiversity due diligence. We have already organized and address our impacts in the field of biodiversity. We seek to address the topic in line with the global targets’ agenda. We strive to prepare our operations to match the future restrictions of the EU regulations in the field of ESG due diligence. Biodiversity is a material topic in a broad range of EU regulations, as Polenergia seeks to conduct sustainable Taxonomy aligned activities, biodiversity is becoming one of most material areas of focus.
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