The UN Agenda for Sustainable Development and its Sustainable Development Goals are the world’s largest corporate effort. They set the basis for companies’ sustainable development strategies and actions. PZU is also taking steps to implement Agenda 2030.
UN Agenda 2030
PZU has defined Sustainable Development Goals that it can have the best impact on, and included them in the fundamental assumptions of its ESG Strategy. PZU’s contribution to the selected goals is evident in daily business practice. Product offerings that support the climate and energy transition are in line with the tasks of Goal 7, Goal 9 and Goal 15. Prevention health and safety activities are PZU’s contribution to improving the quality of life of local communities and fulfilling the tasks of Goal 3 and Goal 11. A large impact was also identified by PZU in labor issues such as the terms and conditions of employment offered or gender equality (Goal 5, Objective 8) and in supplier relations through the development of sustainable supply chain practices (Goal 8, Objective 12).
ESG “Balanced Growth” strategy for 2021-2024 sets not only medium-term goals related to business support but also long-term ambitions until 2050, which will allow the PZU Group to carry out sustainable business across the value chain.
According to the adopted assumptions, the changes will be made first by the main insurance companies – PZU and PZU Życie.
- achieve climate neutrality in scope 1 and 2, through reduction of energy consumption, use of RES and emission offsets (implementation/support of reduction projects leads to processes that contribute to the reduction of greenhouse gas emissions);
- reduce of other resources in day-to-day operations: water, paper, fuels.
- limit the carbon footprint of more companies in the PZU Group;
- start reducing emissions throughout the chain of PZU Group’s cooperating entities.
Between 2040 and 2050, the Group’s ambition is to achieve climate neutrality of suppliers and business partners, and ultimately also of insurance clients and investments. In 2024, it is planned to begin work on new strategic directions that will respond more sincerely to today’s sustainability challenges.
