ENERGY FROM THE FUTURE

Business development work is inextricably connected to building the sustainability of the Group. As a company that produces green energy and creates products that contribute to the country’s energy transition, we aim to take the utmost care in the area of ESG. We offer our customers not only clean energy sourced from our green assets but also energy generated from projects built with care for the environment, care for the development and restoration of ecosystems and collaboration with local communities who are our partners and advocates for green energy.

JERZY ZAŃ President of the Management Board of Polenergia SA.

ESG Strategy

Development of biodiversity due diligence system

By 2030, regular biodiversity monitoring will be carried out on a full annual basis following an elaborate due diligence system.

Decarbonisation of the Polenergia Group’s operations

The emission intensity index of the Group’s energy generation will be reduced to 50 g in 2025 and to 10 g in 2030. Increase in installed RES capacity over the period 2023-2030 will be in line with the Group’s Business Development Strategy.

Supporting green transformation of customers

We will strive to: achieve an average annual increase in the capacity of prosumer photovoltaic installations by 6%, increase the number of heat pumps installed by 13%, car chargers’ segment development.

Green hydrogen and energy storage

We aims to develop 3 projects involving the production and distribution of green hydrogen and energy storage: (H2HUB, H2Silesia, eFuels)

Ensuring equal opportunities

By the end of 2024, an adjusted wage gap between men and women doing equivalent work will be calculated. By 2030, the inequalities revealed by the calculation will be eliminated.

Welfare and cooperation with relevant stakeholders

By the end of 2024, social exclusions among local communities will be identified.

Responsible value chain management

Polenergia’s goal is that by 2025, 100% of key suppliers will be subject to the provisions of the Business Partner Code.

Corporate governance supporting sustainable development

In 2024, an assessment system using ESG criteria will be implemented. In 2024, a Diversity Policy will be implemented.

Responsible business conduct.

Our goal is that by 2024, 100% of key business partners will have confirmed their compliance with the provisions of the Business Partner Code.

Effective risk management and high standards of control

From 2024, ESG risks will be mapped on a semi-annual basis in the Polenergia Group.

Our green business model

The Polenergia Group is Poland’s largest privately-owned energy group, which consists of vertically-integrated companies operating in the areas of energy generation from renewable and low-carbon sources and electricity distribution and trading. Polenergia is the first Polish company to subordinate its vision of growth to building a zero-carbon economy. The Group is engaged in the development of offshore and onshore wind farms, photovoltaic farms, electromobility and the hydrogen transition. The strategic project being pursued by Polenergia is the construction of three wind farms in the Baltic Sea, with a total capacity of 3,000 MW. This project is being implemented in cooperation with the Norwegian company Equinor.

ENVIRONMENT

Our ambition is not only to continue to grow, but also to support the building of tomorrow's zero-carbon economy and security for future generations and to combat climate change.

Total GHG emissions (market-based)

97,824.80

MgCO₂e
Assumed level of emission intensity index in 2025.

50

g CO₂e/ kWh
Electricity generated from renewable sources in 2023

1,505,204.81

MWh

Biodiversity activities

Each new investment project at Polenergia Group is preceded by comprehensive due diligence measures and processes regarding impacts on the environment

Decarbonisation activities

The transformation of the energy sector has a significant impact on climate change. The Group's key activities in this area in 2023 were the commissioning of new large-scale investments.

Proprietary Energy 2051 Standard

We help clients get on the path to decarbonisation by supporting them to reduce their carbon footprint and making it easier for them to report on environmental indicators.

GOVERNANCE

We operate in an ethical and legal manner and the implementation of corporate social responsibility and sustainability is a key concern for us.

Update of the Code of Ethics
Update of Polenergia Group's Business Partner Code
Update of the Anti-Corruption Policy

Corporate culture

The Group ensures that values always follow business development and this process is supported by internal regulations.

Our values

We operate on the basis of the Polenergia Group Code of Ethics adopted at Group level.

Supplier relationship management

We have developed compliance and ESG standards that the Group expects from its partners, suppliers of goods and services.

Ratings and awards

Polenergia’s 2023 score is 18.6 (this rating indicates low ESG risk).

Polenergia Group entered the CDP initiative for the first time in 2023 and received a ‘C’ grade.

Polenergia ranked 16th place in the Responsible Companies Rating.

Polenergia was also the Laureate in the Low Carbon Leader category awarded by Forbes #we
care about sustainability.

Since 2019, Polenergia has been a signatory of the Diversity Charter coordinated by the Responsible Business Forum.

In 2023, Polenergia took part in the CSR Leafs rating for the first time and was honoured with a Silver CSR Leaf by Polityka.

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Sustainability report for the year ended December 31, 2023

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