Important points: Corporate culture; Protection of whistle-blowers; Political engagement and lobbying activities; Management of relationships with suppliers including payment practices; Corruption and bribery: Prevention and detection including training; Incidents.
The PGE Capital Group conducts a cyclical assessment of corporate culture among employees, which allows for continuous monitoring of results in this area. A positive impact was also identified in the anti-corruption area and whistleblower protection, resulting from actions undertaken in the organisation to build a whistleblower protection system and a high level of anti-corruption prevention (implementation of the policy, reporting system, employee education, and promotion of available channels for reporting any irregularities). As part of the impact materiality analysis, relationships with suppliers were also assessed as having a positive impact both at the organisational level and in the upstream supply chain.
Both positive and negative impacts were identified in terms of political engagement and lobbying activities. PGE Group takes steps to help shape favourable regulations by presenting its position to external stakeholders during public consultations on draft legislation and by independently proposing amendments to legal acts. The Group carries out activities in this area at both national and international levels. Of particular importance is the presence and participation of the PGE Group in the creation and review of regulations at the EU level. Through its involvement in industry organisations, the PGE Group can present the organisation’s opinions and advocate for necessary changes in newly developed guidelines and regulations.
A broad group of internal experts enables active participation in the process of providing feedback and ensures access to the most up-to-date information in this area. Due to the organisation’s ownership structure, negative impact is also identified, which may result in the potential risk of the organisation’s actions being influenced by the political sphere. The majority shareholder of the organisation is the State Treasury, which holds more than 60% of the shares. The remaining shareholders hold less than 40%. This carries the risk of the company being dependent on political changes and national energy plans. Regardless of the political situation in the country, the PGE Group undertakes actions to support the organisation’s development and increase profits for shareholders, while also providing employment for thousands of people across the country.