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PGE develops dialogue with investors on environmental issues

08.12.2021

To align with investor expectations, PGE Group participated in CDP’s international survey on climate protection and water management. This was also intended to define a starting point for the Group in these areas, being the foundation for a stronger push by PGE to limit its impact on the natural environment.

The participation in CDP’s voluntary survey constituted a response to the expectations of investors, who are increasingly paying attention to managing environmental impact. In its first ever survey, PGE Group received a score of D (Disclosure) on climate change questions and C on water management, denoting environmental awareness.

By taking part in CDP’s survey, our Group gave a clear signal that we are open to dialogue on environmental issues and that the transparency of actions, particularly with regard to climate, is of importance to us. Being the leader of energy transition in Poland, we are aware of our current position and the challenges before us related to zero-carbon, which we have included in our new strategy, announced last October.
Wojciech Dąbrowski, CEO of PGE Polska Grupa Energetyczna.

The survey collected data used in responses to nearly 160 questions, of which 96 concerned climate change and 61 related to water management. The questions were prepared and the answers were analysed by experts from CDP (Carbon Disclosure Project), a non-profit organisation that manages a global information disclosure system for investors, businesses, cities, states and regions in order to monitor their impact on climate.

PGE is one of only a handful of Polish companies to have decided to begin reporting on climate and water management issues by joining the CDP initiative. Participation in the survey allowed PGE Group to gain new competences, which will be used to further improve non-financial reporting in the coming years. Moreover, by implementing at the same time a carbon footprint calculation project at PGE Group, it will be possible to increase the scope of disclosed information on the organisation’s impact on climate. Aside from the informational dimension, this will translate into using this data in the process of setting and implementing PGE Group’s development plans.