We provide insurance solutions to support the climate and energy transition
ESG REPORT 2023
MoreThe PZU Group has consistently strengthened its leadership position in key financial market segments, doing so in accordance with the principles of sustainable development. The Group incorporates environmental, social and governance factors in all aspects of its operations and treats these factors equally.
We support the development of a low-carbon economy, nurturing a sustainable transition.
We are developing insurance offerings that support the climate and energy transition. As a responsible investor, we support a sustainable and safe transition. We bases our operations on sustainable decision-making and management processes.
Related initiatives
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RES insurance
PZU offers insurance for corporate customers who invest in renewable energy sources. PZU Energia Wiatru and PZU Energia Słońca are products that protect wind power plants and photovoltaic installations in case of failure, damage or destruction.
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iAgro
As part of the PZU iAgro initiative, it is implementing a service that enables customers to reduce the cost of conducting agricultural production and optimize environmental impact.
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Green financing development
In 2023, PZU and PZU TFI participated in debt financing with an ESG component (so-called ESG-linked) with a share of about PLN 1.5 billion in total. We are stimulating financed entities to make their business more sustainable.
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We encourage sustainable and safe lifestyles in society.
We develop product offerings that incorporate elements of social commitment. We are a responsible partner supporting safety in local communities and a reliable guide to sustainable lifestyles.
Related initiatives
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Good Team program
In 2023, PZU continued and developed the PZU Good Team program, inaugurated in 2021, which promotes physical activity for children and youth.
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Safety Academy
A nationwide project of the PZU Foundation conducted since December 2017 to educate children about safety.
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PZU Safe Fleet
PZU's training prevention program. Participation in the program gives drivers the opportunity to improve their driving skills, eliminate bad habits and habits behind the wheel.
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We are creating a modern organization managed in a responsible manner.
We are an employer supporting sustainable leadership and responsible attitudes of employees and a trusted business partner promoting the idea of sustainable development.
Related initiatives
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Employee Opinion Survey
PZU conducts periodic employee opinion surveys - an annual engagement survey and surveys like the Pulse of the Organization.
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Gender Pay Gap
PZU promotes the principles of equal treatment and an approach that eliminates discrimination.
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Conference #YouCreateTheFuture
The conference's theme: the mind of tomorrow, inspired participants to think about how to operate in a changing world and what to draw from to develop tomorrow's competencies.
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2023 strategy implementation
40
%
Share of largest corporate insurance clients (from ESG-sensitive sectors) assessed for ESG factors
Goal 2024: 55%
2,65
billion PLN
Capital commitment to investments supporting the climate and energy transition (total in 2021-2024)
Goal 2024: PLN 0.5 billion
79
%
Share of electricity coming from RES (own operations)
Goal 2024: 100%
14.7
million
Number of recipients of community activities on safety and sustainable lifestyles (recipients of activities in a given year)
Goal 2024: 15 million
55.7
%
Percentage of employees covered by the program in terms of well-being
Goal 2024: 70%
12.9
%
Percentage of employees of corporate clients covered by preventive measures affecting their health and safety (recipients of activities in a given year
Goal 2024: 10%
36
ESG goals (achieved)
Goal 2024: The inclusion of ESG goals in the strategic objectives of the company and forwarding them to Senior Managers for implementation
53
%
Integration of ESG requirements into key procurement processes
Goal 2024: 70%
7
(from 2021)
Joining new initiatives / organizations / partnerships - promoting sustainability
Goal 2024: 3
PZU in ratings and rankings
B rating
In the environmental rating conducted by CDP, PZU received a B rating, and thus recorded an increase from a C rating. PZU’s score is within the average rating in the financial services area and in Europe.
Rating of 18.6
In July 2023, PZU received an ESG risk rating of 18.6, which Morningstar Sustainalytics considers a low risk of material financial impact related to ESG factors.
BB Rating
PZU is rated BB by MSCI ESG Ratings in 2023. MSCI ESG Research provides ratings on a scale from AAA (leading) to CCC (deficient).
Rating 35/100
PZU received a 35/100 score in the Sustainability Assessment – Corporate Sustainability Assesment (CSA) issued by S&P Global in 2023.
