Responsible bank

We have been a signatory to the Ten Principles of the UN Global Compact since 2016. We are committed to supporting and implementing values covering human rights, labour standards and environmental practices wherever we have impact.

Since 2021, we have been a member of the United Nations Environment Programme Finance Initiative (UNEP-FI) and a signatory to its Principles for Responsible Banking. In line with these principles, we analyse our social and environmental impact. We set ambitious targets regarding this impact and report regularly on our progress in achieving them. This commitment confirms that we support the UN Sustainable Development Goals and the ambitions related to Paris Agreement.

In 2022, we joined the Commitment to Financial Health and Inclusion developed by the United Nations Environment Programme Finance Initiative (UNEP-FI). It is an extension of the Principles for Responsible Banking (see above). By doing so, we have made a commitment to ensure that we provide broad and equal access to our services for different client groups. At the same time, we support the financial health of our clients. We help them make sure that they can smoothly manage their current financial obligations and have confidence in their financial future.

In 2022, we joined the Science-Based Targets initiative (SBTi). We committed to develop, within two years, a trajectory to reduce our greenhouse gas emissions. It will cover a period of 5 to 15 years. SBTi will check if this trajectory is consistent with the scientific evidence on climate change. This will ensure that the rate of decarbonisation of our business is in line with the target for the Earth’s surface to warm by no more than 1.5°C. We had previously committed to achieving zero net emissions from the production and purchase of energy for our own use by 2030 (Scope 1 and 2). By 2050, we will be fully net climate neutral (including Scope 3).

SBTi works with the Partnership for Carbon Accounting Financials (PCAF), which we also joined in 2022. PCAF methodology enables us to reliably measure the carbon footprint associated with the financing we provide to our clients. Loan portfolios are the largest source of greenhouse gas emissions related to our operations. Reducing them is therefore a key step on our way to mBank Group’s full net climate neutrality by 2050.

In 2019, we signed an agreement with the CFA Society Poland to introduce and promote the Statement of Investor Rights. It emphasises mBank’s commitment to the ethical aspects of financing. We are the first institution in Poland to have established this type of cooperation with one of the world’s leading organisations that certifies investment management professionals.

Since 2018, we have been a signatory of the Diversity Charter, an international initiative for social cohesion and equality, led in Poland by Responsible Business Forum. As participants in this initiative, we implement a policy of diversity and inclusion which is overseen by a management board plenipotentiary. We create an organisational culture that ensures respect for diversity. We prevent discrimination and mobbing. We implement concrete solutions to create equal opportunities for different groups of mBank employees.