Bank Pekao S.A. is the best sustainable finance bank in Central and Eastern Europe according to Global Finance magazine

Bank Pekao S.A. received the prestigious distinction "The Best Bank for Sustainable Finance in Central and Eastern Europe for 2024" awarded by the renowned Global Finance magazine. This global ranking recognizes achievements in the field of sustainable finance, such as financing initiatives aimed at mitigating the negative effects of climate change and supporting the building of a more sustainable future. – We are honored to receive the award from Global Finance. It proves our commitment and the knowledge of our experts. It is also proof of the effectiveness with which we increase our commitment to sustainable financing and support our clients on the path to transformation towards a more environmentally friendly business model, in line with the assumptions of our ESG strategy - says Jerzy Kwieciński, vice-president of Bank Pekao, supervising the Corporate Banking, Markets and Investment Banking.

– Green transformation is one of the key global challenges. The need to finance ambitious green projects is growing. Bank Pekao boldly responds to this demand, striving to become the leader of green change in Poland. We are glad that our activities for sustainable development: financing wind farms, photovoltaic installations, low-emission transport and ecological construction have once again been noticed and appreciated internationally - adds Mariusz Bartosewicz, director of the ESG Product Development Office of Corporate Banking and Internationalization of the Bank Pekao.

Global Finance is a magazine addressed to managers responsible for making investment and strategic decisions. The awards are granted with the participation of analysts, corporate directors and technology experts. The editors also take into account comments sent by financial service providers, as well as independent research.

In its strategy for 2021-2024, Bank Pekao assumed that it would organize financing for new sustainable projects in the amount of at least PLN 30 billion. This number will consist of at least PLN 8 billion of new financing for sustainable projects, including green and social projects, and support for the issuance of ESG bonds by the bank's clients in the amount of at least PLN 22 billion. The share of green financing – including, among others: such projects as wind farms, photovoltaic installations, low-emission transport and ecological construction - will increase to over 4%. Pekao's balance sheet portfolio.