Our approach to sustainability at Bank Millennium S.A.

Bank Millennium S.A. conducting business activity implements a number of activities aimed at contributing to the implementation of the UN Sustainable Development Goals, defined in the 2030 Agenda for Sustainable Development.

The Bank’s commitment to the implementation of the Sustainable Development Goals is reflected in the Sustainability Policy. The Sustainability Policy contains guidelines adopted to actively promotesustainability, minimise environmental impact, prevent and combat all forms of corruption and bribery, create social value and close relations with local communities, protect and respect human rights, respect diversity and counteract exclusion, integrate environmental and social risks into the management of Bank Millennium S.A. and in supplier relations, and make available sustainable financial products that foster decarbonisation goals and the construction of a fairer and more inclusive society.

The document is available at: www.bankmillennium.pl/about-the-bank/esg#zasady-esgopens in a new card.

Bank Millennium takes into account environmental and social risks in the processes of customer assessment, granting loans and financing projects, taking into account not only the risks associated with the sectors of activity in which clients operate, but also their functioning in the context of environmental, social and management issues (related to corporate governance). The Bank identifies sectors of activity or projects that do not correspond to the commitment made by the Bank in the field of environmental protection, promoting sustainability, combating climate change, preserving biodiversity and minimising social risks.

More information on the Bank's approach to sustainable finance can be found at this linkopens in a new card.

Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation - hereinafter SFDR or SFDR Regulation) regulates the offering and management of financial products compliant with the sustainability criteria (ESG), in particular the SFDR clarifies disclosure obligations related to sustainability as part of the investment advisory service (providing investment recommendations) and as part of periodic reports and product information.

Bank Millennium S.A. (the Bank) fulfils the disclosure obligations specified in the SFDR provisions, separately presenting disclosures required by SFDR for the investment advisory service provided by Bank Millennium S.A. as well as Biuro Maklerskie Banku Millennium S.A.

The policy of remuneration of employees in Bank Millennium, including risk takers, ensures transparent remuneration principles and their connection with the risk management strategy

The employee remuneration policy in the Bank Millennium S.A. Group also defines the principles relating to incentive mechanisms, the design of which is aimed at avoiding stimulating (encouraging) employees to take risks in the field of sustainability factors and rewarding business results achieved as a result of introducing these risks into operations. At the same time, incentive mechanisms ensure their consistency with the objectives adopted by the Bank in the Sustainability Policy.