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We believe in the sense of integrated reporting. Thanks to a comprehensive presentation of our activities, embedded in our environment, we bring closer to stakeholders, especially investors, financial institutions and insurers, PGE Group, its intentions and development directions.
Time passes quickly. It is the fifth time that we present the Integrated Report of the PGE Group. Once again, it is the result of the work of many experts from the PGE Capital Group, and this project also owes its shape to previous reports, which were a platform for us to present what we do, how we do it and why we do it. This report is prepared with the use of selected indicators from the reporting standard of Global Reporting Initiative (GRI), version Standards, and is based on guidelines from the International Integrated Reporting Council (IIRC).
This is our fifth Integrated Report. „Green direction” is not only a slogan – it is a declaration of the new PGE Management Board, elected in February 2020. The report is not only a summary of what happened and what we achieved in 2019, but also an introduction to the energy transformation that awaits the Polish energy sector and in which PGE wants to be a leader, creating its own solutions and setting market trends.
See an interview with PGE’s CEO Wojciech Dąbrowski about the challenges and tasks facing the PGE Group and an interview with PGE’s Vice-president Ryszard Wasiłek about investments in 2019 and plans for the coming years.
Through new investments and acquisitions we change Not only our energy mix and the structure of our assets. The management rules and methods in our Group are also changing. Thanks to a well thought through and balanced approach to environmental issues, we are constantly striving to reduce our CO2 emissions. We hope that the key elements of this report will indicate to our stakeholders the directions of these changes. The structure of our report for 2019 also meets external expectations by clearly marking ESG factors – environment, social and governance.
In this report, for the third time we also refer to the UN’s Sustainable Development Goals, indicating particular business goal we are pursuing in our operations. We wanted to show how our activities are aligned with the global campaign for people, our planet and well-being (see how our actions are aligned with the UN’s Sustainable development goals).
Based on integrated reporting guidelines from the IIRC, the main aim of integrated reporting is to explain to financial capital providers how the organisation creates value over time. This is why our report contains many important financial and market information that we are asked about by investors, analysts, bondholders and banks which we meet in our everyday work. We see growing interest in non-financial data that facilitates understanding our organisation in a wider context. In editing this report, we also aimed at creating content that may be used by other stakeholders interested in the process of creating value over time by our organisation, including especially employees, clients, suppliers, business partners, local communities, law-makers, regulators and decision-makers.
In making content choices, we applied the materiality principle (see how we selected content for the report) and diligence in making sure that the messaging for our stakeholders is grounded in our strategy. Wherever possible, we linked the content to additional materials from the Report or to external sources that supplement it. In editing the text, we tried to keep it concise, as online content should be. Thanks to the support of environmental, HR department, innovation, controlling and reporting analysts, we were able to present in the report complete data from numerous domains of our activities (see what data we collected for this year’s report).
We are a leader on the domestic market and we want to set high standards, also in the area of reporting. The presented data allow us also to look at PGE Group from a different – wider perspective and show in one Report the mutual relations between economic, social and environmental matters.
