The formal basis for the preparation of this Sustainability Statement 7(hereinafter: ‘Statement’) is the Directive of the European Parliament and of the Council (EU) 2022/2464 (Corporate Sustainability Reporting Directive, CSRD), the European Sustainability Reporting Standards (ESRS), and the Accounting Act. Information concerning ESRS disclosures included in the Management Board Report are indicated in the body of the Statement and in the index of indicators (section IRO-2). No other sustainability data reporting standards were used in the disclosures.
This Sustainability Statement has been prepared in consolidated form for the PGE Capital Group (PGE CG, PGE Group). It covers sustainability-related information for the period from 1 January to 31 December 2024 and includes data for the entire PGE Capital Group. The scope of consolidation is consistent with the PGE Capital Group’s Financial Statements. Data collection for sustainability reporting covers companies consolidated using the full consolidation method (excluding associates, joint ventures, and non-consolidated entities deemed immaterial). The subsidiary KOGENERACJA S.A. is the only company within the PGE Group that has been required to prepare a separate Sustainability Statement , having met the criteria set out in the Accounting Act for entities obliged to publish their own (individual) report.
This Statement is in line with the requirements of the ESRS, and its structure follows the layout set out in Appendix D to ESRS 1.
The content of the Statement is the result of a double materiality assessment and covers the PGE Group’s value chain, both upstream and downstream. In selected areas, elements of the value chain are also reflected in the descriptions of individual sections of the Statement. The time horizons applied are consistent with those defined in ESRS 1.
The scope of the Statement covers companies within the PGE CG. In certain topics, disclosures have been limited to selected companies. Where applicable, this is clearly noted alongside the reported information.
Representatives of all companies within the PGE Capital Group were involved in the preparation of this Statement. With regard to employee-related information, the Statement was consulted with the PGE S.A. Employee Council, representing all employees of the corporate centre.
In preparing the Statement, the PGE Group made use of the option to omit information relating to intellectual property, know-how or the results of innovation.
The PGE Capital Group did not apply the exemption from disclosing information on anticipated events or matters under ongoing negotiations, as provided for in Articles 19a(3) and 29a(3) of Directive 2013/34/EU.
The PGE Capital Group is also required to disclose the extent to which its business activities can be considered environmentally sustainable. This requirement stems from Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088, as well as from the Delegated Regulations on the establishment of a framework to facilitate sustainable investment (hereinafter: the EU Environmental Taxonomy, or the Taxonomy). Details of the Taxonomy-related disclosures are provided in Section 9.2 of this Statement.
7 The title of the report on non-financial information adopted in accordance with the nomenclature used in the Polish translation of the ESRS.