PGE develops dialogue with investors on environmental issues
To meet investors’ expectations, the PGE Group took part in the CDP’s international survey on climate protection and water management. It was also a question of defining a starting point for the Group in these fields, being the base of a stronger impetus of PGE to limit its impact on the natural environment.
Participation in the voluntary CDP survey was a response to the expectations of investors, who are increasingly attentive to the management of environmental impacts. In its very first survey, the PGE group received a score of D (Disclosure) on climate change issues and C on water management, denoting environmental awareness.
“By participating in the CDP survey, our Group has clearly indicated that we are open to dialogue on environmental issues and that transparency of actions, particularly in climate matters, is important to us. As the leader of the energy transition in Poland, we are aware of our current position and the challenges that lie ahead of us related to zero carbon, which we have included in our new strategy, announced last October.,” noted Wojciech DÄ browski, CEO of PGE Polska Grupa Energetyczna.
The survey collected data used in responses to nearly 160 questions, of which 96 were about climate change and 61 were about water management. Questions were prepared and answers analyzed by experts from the Carbon Disclosure Project (CDP), a non-profit organization that operates a global information disclosure system for investors, businesses, cities, states and regions to monitor their impact on the climate.
PGE is one of the few Polish companies that has decided to start reporting on climate and water management issues by joining the CDP initiative. Participation in the survey enabled the PGE Group to acquire new skills, which will be used to further improve non-financial reporting in the years to come. In addition, by implementing a carbon footprint calculation project in parallel within the PGE Group, it will be possible to increase the scope of the information disclosed on the impact of the organization on the climate. Beyond the informational dimension, this will result in the use of this data in the process of drawing up and implementing the PGE Group’s development plans.