ESG strategy for 2021-2024
Balanced Growth

In 2024, PZU assessed 55% of its largest corporate insurance clients in terms of ESG factors, which enabled a better understanding of the risks associated with their operations. According to the internal definition, the assessment covered the largest corporate insurance clients operating in sectors highly or moderately sensitive to ESG risks and having a significant impact on PZU’s revenues.

The selection of sectors highly and moderately sensitive to ESG risks was based on internal analyses. These analyses were conducted using data on national greenhouse gas emissions and the percentage share of individual industries in CO2e emissions. Additionally, external data sources were used, including market best practices, guidelines from international organizations (OECD, UNEP FI, ECB), leading rating agencies, and regulatory requirements (SFDR).

The client assessment was carried out using two proprietary methodologies—one for public entities and one for non-public entities. These methodologies were developed within the PZU Group under the leadership of PZU. The methodology for public companies included environmental, social, and governance issues.

Between 2021 and 2024, PZU increased its commitment to investments supporting the climate and energy transition, exceeding the planned level of PLN 500 million. These investments include project finance for renewable energy sources (RES) as well as ESG-linked corporate financing.

PZU Park, the headquarters of PZU, is a building located in the center of Warsaw that is powered by green energy, significantly reducing CO2e emissions. The building incorporates environmentally friendly technologies, such as a greywater and rainwater recovery system that substantially reduces water consumption. Additionally, PZU Park is equipped with a high-efficiency ventilation system featuring top-class filters that supply 30% more fresh air.

Employees have access to 187 bicycle parking spaces and several electric vehicle charging stations. The air conditioning system, based on chilled beam technology, operates quietly while ensuring a comfortable temperature and energy efficiency. In the lobby, there is a 15-meter-high green wall covering 330 m², featuring over six thousand plants. The oxygen they produce in a single day is sufficient for 150 people.

As part of its own operations, PZU and PZU Życie have reduced CO2e emissions compared to 2019 by lowering energy consumption, purchasing energy with renewable origin guarantees for their own properties, and offsetting emissions that could not be reduced.

2024 performance highlights:

• CO2e emissions (Scope 1 and 2) were reduced by 26.2% compared to 2019,
• 100% of the electricity used in PZU’s own properties was sourced with renewable energy guarantees, representing 85% of the total electricity purchased by PZU and PZU Życie,
• CO2e emissions from 2023 were offset through the purchase of certified CER offset units, covering 18,489 tons of CO2e emitted by PZU and PZU Życie in 2023.