Potential offtaker

Powszechny Zaklad Ubezpieczen SA

www.pzu.pl

Estimated electricity consumption

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Countries of production presence

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POWSZECHNY ZAKLAD UBEZPIECZE (PZU) is the largest insurance company in Poland, with a history dating back to 1803. PZU operates in the property and casualty (P&C) insurance sector, providing a range of insurance products to both individuals and businesses. The company has a strong focus on sustainability and has taken several steps towards decarbonisation and promoting renewable energy.

Decarbonisation is a key focus area for PZU, and the company has set ambitious targets to reduce its carbon footprint. PZU is committed to reducing its greenhouse gas emissions by 30% by 2025, compared to its 2019 baseline. The company has also set a long-term target to achieve net-zero emissions by 2050. To achieve these targets, PZU has implemented several initiatives, including energy efficiency measures, the use of renewable energy, and the adoption of sustainable business practices.

One of the key initiatives taken by PZU towards decarbonisation is the adoption of renewable energy. The company has invested in several renewable energy projects, including wind and solar power. PZU has also signed a corporate power purchase agreement (PPA) with a wind farm in Poland, which will provide the company with 100% renewable energy for its operations. The PPA will also help PZU to reduce its carbon footprint and achieve its sustainability goals.

Corporate energy is another area where PZU has made significant progress. The company has implemented several energy efficiency measures, including the installation of energy-efficient lighting and HVAC systems in its offices. PZU has also implemented a green IT policy, which encourages the use of energy-efficient devices and promotes the use of virtual meetings to reduce travel-related emissions. These measures have helped PZU to reduce its energy consumption and carbon footprint.

PZU's commitment to sustainability is also reflected in its business practices. The company has a strong focus on responsible investing and has implemented a sustainable investment policy. PZU's investment portfolio includes several sustainable investments, including renewable energy projects, green bonds, and sustainable real estate. The company also engages with its suppliers and partners to promote sustainable business practices and reduce the environmental impact of its supply chain.

In addition to its sustainability initiatives, PZU is also committed to providing high-quality insurance products and services to its customers. The company offers a range of P&C insurance products, including motor, property, and liability insurance. PZU also provides insurance products for businesses, including cyber insurance, marine insurance, and construction insurance. The company's products are designed to meet the needs of its customers and provide them with peace of mind.

PZU's commitment to sustainability and its focus on providing high-quality insurance products have helped the company to maintain its position as the largest insurance company in Poland. The company has a strong reputation for reliability and trustworthiness, and its customers value its commitment to sustainability. PZU's sustainability initiatives have also helped the company to attract and retain talented employees who share its values and are committed to making a positive impact on the environment.

In conclusion, PZU is a leading insurance company in Poland that operates in the P&C insurance sector. The company has a strong focus on sustainability and has taken several steps towards decarbonisation and promoting renewable energy. PZU's commitment to sustainability is reflected in its energy efficiency measures, adoption of renewable energy, and sustainable business practices. The company's products are designed to meet the needs of its customers and provide them with peace of mind. PZU's sustainability initiatives have helped the company to maintain its position as the largest insurance company in Poland and attract and retain talented employees who share its values.

✓ Declared Net Zero commitment