Bank Handlowy w Warszawie SA

The progress of work on the implementation of various modules is monitored during meetings the Steering Committee, which are attended by all members of the Bank's Management Board along with senior managers. In addition, as part of the implementation of sustainable growth issues into the Bank's day-to-day operations, the Sustainable Development Product Commission was established in 2023. Its main task is to develop a framework for the classification of Sustainable Products and to ensure adequate supervision over the life cycle of the Bank's products (including products distributed by the Bank or for which the Bank acts as a sales intermediary) that are to support environmentally sustainable investments and ensure a significant contribution to or support the achievement of environmental goals, as well as products that promote environmental or social aspects, support sustainable economic activity based on adopted environmental and social goals, and that can be classified as Sustainable Products in accordance with applicable laws and regulations. In addition to developing a methodology for Sustainable Product classification, the Commission is also tasked with, among other things, overseeing the development of green and sustainable products in the Bank's offerings, as well as issuing opinions and recommendations for action when ESG risks associated with green or sustainable transactions and products are identified or materialize, including greenwashing and reputational risks in particular.

The implementation of the ESG goals is the responsibility of the Bank's organizational units in charge of individual goals outlined in the Strategy. The implementation of the strategy, including the attainment of the ESG goals, is assessed, at least twice a year, by the Bank's Management Board and the Governance and Strategy Committee of the Bank's Supervisory Board. In addition, the strategic goals are also reviewed during the analysis of business risk that is performed by the Strategy and Investor Relations Department that regularly reviews the level of business risk based on the analysis of competitive position, financial performance and macroeconomic environment. Moreover, the status of those projects pursued by the Bank that are linked to the current Strategy, is reviewed on a monthly basis.