Corporate governance

CONSCIOUS ORGANISATION

🡲 Integrating transparency and accountability
🡲 Responsible ESG management

Conscious Organisation - We integrate transparency with accountability. Improving transparency practices and effectively adapt to new regulations. We are open to an external ESG assessment and we want to improve our ESG rating in the coming years.

Taking into account the dynamics of changes in the environment in which we operate, we provide the best solutions in the field of risk management, and constantly improve our internal solutions supporting sustainable development.

  • BOŚ Bank S.A.  introduced a new aspect to the credit risk assessment process, i.e. the assessment of ESG risks of potential borrowers. Before taking a decision on financing entrepreneurs and local government units, we assess whether the client supports environmental protection (E), cares about society (S) and whether it has an appropriate corporate governance in place (G). The importance of non-financial factors in the opinion of entities is systematically growing. Along with the evolution of the capital market, the company's "quality" is perceived not only by its financial results, but also by its care for the environment, local community, customers, employees and shareholders. Assessing all these aspects allows you to assess whether the company operates in a sustainable development environment. The assessment of ESG risks takes into account such factors as: whether the conducted activity is in accordance with the environmental protection law, whether the activity does not lead to environmental pollution, whether workers' rights are complied with, whether the activity does not adversely affect local social relations, whether there are processes corruption, whether customer data is protected, etc. According to the new rules, the bank does not finance customers if it identifies risk in these areas and assesses it as critical, i.e. as a result of its materialisation or disclosure it may lose its creditworthiness or have a negative impact on the bank's image. This approach is reflected in the provisions of the existing Credit Risk Management Policy, which states that in the area of lending, the Bank takes measures to support the achievement of global climate change impact reduction targets, fully aware of the need to take into account environmental, social and corporate governance factors (ESG factors), which it considers in its approach to risk management and capital investment.

  • As a listed company, Bank Ochrony Środowiska S.A. attaches great importance to conducting its business in a sustainable and ethical manner, considering these factors as the most important principles of its operation, which stem directly from the bank's mission.

    The Bank, as an institution of public trust, operates in accordance with applicable legal regulations, best market practices and this Code of Ethics. The Bank also complies with the "Principles of Good Banking Practice" adopted by the Polish Bank Association.

    The Code of Ethics is a set of rules followed by all employees in the performance of their duties and describes the related basic principles of cooperation with business partners and contractors.

  • Bank Ochrony Środowiska S.A., in line with its previous practice, continuously and systematically pays the utmost attention to protecting and securing the data it processes. With utmost care, the Bank has implemented and continues to improve organisational and technical security measures corresponding to the best market standards, adequate to the risks related to the processing, in particular such as loss of confidentiality, integrity or availability of data.

    Access to personal data shall be granted only to specifically authorised bank employees who have been trained in the safe processing thereof. Data processing takes place in a safe and business continuity resistant IT environment and in properly secured bank facilities.

    The Bank also protects the information held on the basis of separate provisions of generally applicable law, including those concerning the obligation to keep bank secrets, confidential information or secrets of third parties.