Sustainable development plays an important role in building a multi-energy company and PKN ORLEN’s business strategy of 2030. In its Sustainability strategy, PKN ORLEN gives priority to achieving the ambitious goals of the Paris Agreement, the UN 2030 Agenda and the European Green Deal. It transforms the challenges of climate change into new opportunities. PKN ORLEN intends to become the leader of the energy transformation in Central Europe. The planned activities guarantee the sustainable development of a modern, low-emission and resource-saving GroupORLEN Sustainable Development Strategy organises 15 projects into 6 pillars focused on social value creation and environmental risk managementORLEN Sustainable Development Strategy (enlarge image)
To support the growth of PKN ORLEN Sustainable Finance portfolio, and to meet the green funding needs, PKN ORLEN designed a Green Finance Framework that meets the highest standards on transparency and disclosure, and aligns with the ICMA Green Bond Principles (GBP).
Furthermore PKN Orlen has received Certification under the Climate Bonds Standard for upcoming clean transport infrastructure projects. Climate Bonds Certification is a demonstration of best practice standards for climate integrity, management of proceeds and transparency. Assets that receive Certification are aligned with the Paris Agreement of 2 degrees of warming, ie net zero emissions by 2050 or earlier.
Overview of relevant documentsGreen Finance Framework