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ING Bank Śląski S.A. Group has compiled the annual report in line with the best global practices of integrated reporting. To help readers use the interactive tools, we prepared a user guide with key features. We encourage you to watch a short animated video before reading the report.

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Integrated Annual Report
of ING Bank Śląski S.A. 2019


In our Bank, the Sustainable Development Strategy is implemented in accordance with the priorities concerning entrepreneurship, equal opportunities and the environment. A summary of the strategy implementation can be found on page ING Bank Śląski S.A. strategy. In the following chapter we focused on a broad description of our approach to environmental protection and Corporate Social Responsibility (CSR). The description of other activities in our strategy can be found in the chapters "Customer experience" and "Way of working"

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  • [103-1]
    Explanation of the material topic and its Boundary
  • [103-2]
    The management approach and its components
  • [103-3]
    Evaluation of the management approach

In the current climate crisis, concern for the environment is not only good will but also duty and an inherent part of running business. That is why we implement the provisions of our Environmental Declaration. We know that each aspect of our business has an environmental impact. We support green businesses and give up financing for those that harm the environment. We are also limiting our negative impact on the Earth.

Towards the end of 2017, we announced the Green Statement in which, among others, we committed ourselves to support areas, such as:
  • Projects on renewable energy sources executed by electric power groups,
  • projects supporting development of modern energy transmission and distribution infrastructure,
  • ESCO projects to offer financing for energy efficiency solutions, where the repayment comes from a stream of financial savings, from a reduction in energy consumption,
  • projects supporting electromobility,
  • other projects aimed at preventing pollution and increasing recycling possibilities.

In our business activities, our priority is to implement environment-friendly projects. Therefore, we are gradually reducing our product and credit exposure to carbon intensive activities. Since 2015 we have not financed coal-fired power plants under green field projects, excluding our previous contractual obligations to these entities.

  • by the end of 2025 at the latest, the bank will have completed its cooperation with entities that do not meet the environmental policy criterion, in particular with respect to coal combustion;
  • beyond 2025, the bank will not finance customers whose operations are dependent on thermal coal more than 5%. At the same time, the Bank may support customers that implemented the plan to abandon coal firing in their energy transformation process;
  • The Bank permits the establishment of relations with customers whose business is dependent on thermal coal not more than 10%, provided that they have a strategy to reduce this share to a level close to zero in 2025.

The Bank takes environment-friendly measures aimed, inter alia, at the reduction of energy consumption. Pursuant to the purchased certificates of origin, 100% of the electric energy used by the Bank comes from renewable sources. In order to minimise the environmental impact of its operations, including offices, branches and data processing centres, the Bank aims at reduction of energy consumption and carbon footprint, at the reduction of paper consumption and electronic waste. The Bank also runs communication operations that reduce the consumption of natural resources and improve environmental awareness of our staff.

“The General Principles of Environmental and Social Risk” indicate business activities in which the Bank does not invest due to especially high risk of an adverse impact on the natural environment and the principles of sustainable development. The General Principles consists of application rules, Exclusion Policy (list of activities excluded for ethical, reputational and environmental reasons) and Specific Policies (relating to the areas identified in the General Principles). We require that our customers run their businesses in compliance with the socio-environmental regulations and that they should have all permits and licences required under the law. The General Principles are applied to clients to whom we offer lending products. We do not establish relations with clients whose core business activity is covered by the Policy of Exclusions.

Detailed policies concerning the natural environment relate to the following areas:
  • well-being of animals,
  • forestry and plantations,
  • industrial processing,
  • chemical industry and utilisation of chemicals,
  • hard coal mining, coal-fired power industry, and related businesses,
  • other mining and power industry, petrochemical industry and metal manufacturing.

In 2019, we continued our activities in accordance with the Environmental Declaration and the Sustainable Development Strategy and priorities: Bank of green investments and Bank which is eco-aware. We have provided financing for projects enhancing energy efficiency and comprising investments into new sources of green wind energy and photovoltaics. We continued to support electromobility and offer eco-lending to retail clients.

Our attention is also attracted by the work progress on sustainable finance at the European Union level. In mid-2019 the European Commission published proposals for taxonomy of sustainable measures, standards for EU green bonds and the disclosure of climate indicators and ESG (environment, social responsibility and corporate governance) factors. At the yearend, EU member states and EU institutions reached a political compromise on the taxonomy, which defines ‘green’ investment projects in individual sectors of the economy.

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