Aspirations and targets of PKN ORLEN in terms of climate neutrality

PKN ORLEN S.A. (“PKN ORLEN”, “Company”) informs that on 9 September 2020 Company’s Management Board accepted PKN ORLEN aspirations in terms of climate neutrality by 2050 and CO2 reduction targets by 2030. The Company plans to reduce CO2 emissions on currently owned refining and petrochemical assets by 20% and in energy by 33% CO2/MWh of the produced electrical energy. The Company estimates that CAPEX on projects reducing CO2 emissions, including expenditures on energy efficiency projects, offshore wind farms investments, inland renewable energy sources as well as biofuels investments portfolio will amount to over PLN 25 bn by 2030.