Financing sustainable investments on Bank Millennium's radar

In line with its development strategy in the area of corporate banking, Bank Millennium focuses on active financing of investments related to the green transformation of the economy.

– We are involved in financing projects increasing energy efficiency, thermal modernisation of buildings, renewable energy sources and circular solutions. We are interested in a wide range of transformation projects carried out by companies representing many industries. In order to mark and structure green transactions more efficiently, we have improved the process of collecting ESG data in accordance with the requirements of supervision, taxonomic data and information needed for proper management of the green investment portfolio – explains Anna Gregorczyk, Director of the Corporate Banking Marketing Department at Bank Millennium.

The Bank improved the existing process of collecting ESG data for selected transactions. From July this year, it is introducing a process of collecting this data through electronic banking, which allows to support the assessment of the greenness of transactions and business customers' activities, based on specially designed decision-making mechanisms.

The ESG survey also collects information on the exposure of clients' activities and investments to ESG risks. This is particularly about exposure to climate risks – related to both extreme weather events as well as those resulting from the challenges of transformation towards a low-carbon economy. The obligation to collect this information results from the guidelines of the European Banking Authority on ESG risk management, which will apply to all banks from January 2026.

– We provide companies with a new, user-friendly solution in the Millenet for Corporate online banking service - a digital ESG survey that leads customers "by the hand". The digital process has verification and validation of the fields filled in and presents only those questions that are necessary to be filled in in the situation of a given customer. It allows work with the ESG survey by different authorised users on the client’s side, at any time, with the ability to save and return to the ESG survey at any stage. While completing the survey, each person can at any time use the support of an advisor who has a remote view of the questionnaire – emphasises Paweł Idzikowski, Director of the Corporate Digital Banking Department at Bank Millennium.

The completed survey is automatically transferred to the banking system, where, based on decision-making mechanisms and other data sources, a comprehensive assessment is made of whether the client's transaction or business is sustainable and what the level of the client's exposure to ESG risk is. When starting to work with a digital ESG survey, the client has the opportunity to learn general information on ESG topics, legal bases and answers to frequently asked questions.

– The implemented solution will allow us to integrate ESG data with existing portfolio databases, and thus better identify opportunities to actively support clients in the green transformation of their businesses – summarises Anna Gregorczyk.