KRUK Group’s roadmap to carbon neutrality
Environmental impact risks primarily relate to the Group's potential negative effects on the environment and climate through its own operations, the products and services it provides, including project financing and management of climate risks, which could be transformational for the Group. Understanding its environmental impact and stakeholders' expectations, the KRUK Group has decided to define its environmental objectives and incorporate them into its Environmental, Social, and Governance (ESG) strategy, which is part of its business strategy. The objectives are based on the UN Sustainable Development Goals and on the European Green Deal.
In line with the Scope 1 and Scope 2 guidance of GHG Protocol, an action plan has been implemented in each country where the KRUK Group is present to achieve 70% reduction in carbon emissions by 2040, including by improving the efficiency of the car fleet, using renewable energy sources, and cutting energy consumption in office buildings.
Given the new obligations imposed by the Corporate Sustainable Reporting Directive, the KRUK Group intends to meet the Scope 3 objectives of GHG Protocol with respect to its business model and include its value chain in the calculations.
As part of its ESG strategy, by 2026 the Group plans to begin reporting emissions for each of its main business processes.
In order to achieve all of its strategic environmental objectives, the KRUK Group has committed to continuously raising the awareness of its employees, suppliers and the public in the area of environmental protection and protecting and improving the condition of the natural environment.
At this time, no balance sheet items have been identified whose valuation would be significantly affected by the analysed climate risks. Climate risks and opportunities will be defined in 2023 in accordance with the TCFD standard.