Group PZU S.A. and Development YES – Open-Pit Mines NO Foundation
Lead NCPPoland
Supporting NCP(s)
DescriptionSpecific instance alleging that Group PZU S.A. did not observe the OECD Guidelines.
Theme(s)General policies, Disclosure, Human rights, Environment, Consumer interests
Date6 Aug 2018
Host country(ies)Poland
Industry sectorFinancial and insurance activities

Read the final statement issued by the Polish NCP – 26 July 2019

On 6 August 2018, the Polish NCP received a specific instance from an NGO called the Development Yes – Open Pit Mines No! Foundation, concerning the alleged non-observance of the OECD Guidelines by Group PZU S.A., a multinational enterprise operating in the financial sector. The submitter claims that the company did not include information on its environmental impacts and climate-related matters in its non-financial statement for 2017.

On 8 November 2018, the Polish NCP accepted the case for further examination and the parties agreed to the NCP’s provision of good offices. Following meetings between the company and the submitter and with the Polish NCP present, an agreement was reached between the parties. The company emphasised that its 2018 non-financial statement addressed a majority of the submitter’s expectations and that its report was prepared in accordance with GRI Standards. The submitter expressed its satisfaction with the statement relative to the company’s non-financial statement from 2017.

On 26 July 2019, the Polish NCP published its final statement, recommending that the company continue implementing policies on respecting human rights and environmental protection, and continue to make the relevant disclosures in its non-financial statements.

The Polish NCP will follow up and invite the parties to meet one year following the publication of the final statement to assess the company’s progress.