Partial disclosure by reference to the Management Board Report on activities of the PGE CG.
Detailed information on the business model and value chain is provided in the Management Board’s Report on the Activities of PGE Polska Grupa Energetyczna S.A. and the PGE Capital Group for 2024, Section 1.4. Information on the key elements of the overall strategy, such as products offered, markets served, customer groups, and number of employees, can be found in Sections 1.1, 1.4, and 1.5 of the Management Board’s Report on Activities.
Sustainability in the PGE CG strategy:
At the strategic level, the PGE Group incorporates sustainability by, among other things, aligning with the United Nations 2030 Agenda for Sustainable Development. The initiatives undertaken, the processes implemented, and the investments made in support of the Sustainable Development Goals are directly linked to the Group’s core business activities. As the largest integrated producer and supplier of electricity and heat in Poland, PGE has an impact on both the natural environment and the communities in which it operates. The PGE Group Strategy identifies four key Sustainable Development Goals:
Key elements of the PGE Group Strategy and their link to the activities of core segments supporting the Sustainable Development Goals:
The Group has committed to achieving climate neutrality by 2050. This target will be reached through the expansion of renewable energy sources such as offshore wind farms, onshore wind farms, photovoltaic farms, and energy storage facilities. Increasing the share of installed RES capacity in the generation mix will allow for a reduction in the use of fossil fuels in the production of electricity and heat for end users. Additionally, the Group is implementing a Decarbonisation Plan for the District Heating Segment, which foresees a complete phase-out of coal combustion in heating and CHP plants by the end of 2030.
PGE Group segments whose operations and the products and services they offer are key to achieving this goal: Renewables and District Heating; in terms of supporting customers in participating in the energy transition: Supply (including the PRO-EKO offering) and Distribution (e.g. RES connections, network modernisation, and strengthening local balancing capacity).
PGE S.A. emphasises the importance of supporting coal sector employees and investing in new jobs in zero- and low-emission technologies.
PGE Group segments whose operations and the products and services they offer are key to achieving this goal: Conventional Generation and Gas Energy (in the scope of investment realisation in the locations of current coal-fired power plants). From the perspective of transitioning coal regions and phasing out traditional methods of energy production, social support will be essential to achieving the Group’s sustainability ambitions.
PGE Group segments whose operations and the products and services they offer are key to achieving this goal: all segments.
Through its strategy, the PGE Group has committed to increasing the waste recycling rate by over 65% by 2035 and reducing the volume of landfilled waste by 10% by the same year.
PGE Group segments whose operations and the products and services they offer are key to achieving this goal: all segments, particularly Circular Economy.
Revenue from fossil fuels in 2024 (PLN million).