• General disclosures
  • SBM-3 – Material impacts, risks and opportunities and their interaction with strategy and business model

SBM-3 – Material impacts, risks and opportunities and their interaction with strategy and business model

Based on the Double Materiality Analysis, we have identified material impacts, risks and opportunities related to Enea Group’s operations, supplemented by a more detailed analysis of climate risks. In accordance with the ESRS standard, this assessment included an impact materiality analysis and a financial materiality analysis.

Topic Subtopic Sub-subtopics Material topic/Dependence Risks Horyzont czasowy ryzyka Time horizon Value chain
ESRS E1
Climate change		 Climate change adaptation Climate change adaptation Dependence on known, stable and predictable climate conditions (physical risks):

Occurrence of climate-related long-term and immediate risks in locations associated with the company’s operations

Lack of sufficient measures to adapt to climate change could lead to the materialization of physical risks that could result in:

Increased operating costs due to potential damage to infrastructure components

Loss of revenue due to interruption in the distribution and generation business

 short, medium, long term Enea Group own operations
Climate change mitigation Emissions Risk of inability to hedge the purchase price of EUAs medium, long term Enea Group own operations
Risk of displacement of high emission units from the merit order curve due to an increase in operating costs (EUAs) and deteriorating profitability of generation units, resulting in accelerated displacement of high emission units from the merit order curve short, medium, long term Trading, Generation own operations
Risk of non-compliance with GHG emission requirements in the regulations of the European Union’s Climate and Energy Package, including “FIT for 55” long term Generation own operations
Loss of revenue from the Capacity Market due to the risk of not meeting the 550kg CO₂/MWh emission condition (auctions in 2026-2029) or a failure to achieve satisfactory revenue from supplementary auctions medium, long term Generation own operations
Risk of use of the technologies that will be phased out due to climate change regulations long term Generation own operations
Dependence on prices of raw materials and fuels Risk of gas price volatility resulting in increased costs for the gas-fired power generation segment medium, long term Generation own operations
Regulatory risk in the biomass area resulting in inability to purchase and an increase in prices for biomass that meets the Sustainability Criteria (KZR) short, medium, long term Generation own operations
Dependence on demand levels Risk of lower demand for Enea’s electricity services – changes in demand for the products and services provided by the companies and related customer expectations caused, among other things, by the development of distributed energy, prosumer installations, introduction of smart energy management systems and integration of renewable energy sources in buildings short, medium, long term Enea Group own operations
Dependence on uncertain market signals Risk of delay in the implementation or non-implementation of the project for the construction of CCGT units at the Kozienice Power Plant due to changes in the assumptions adopted for the projects (e.g. prices of energy, CO₂, gas, EU climate policy), which may affect the economic viability of the investments undertaken. medium, long term Generation own operations
Risks related to delayed achievement of the Enea Group’s strategic objectives related to RES capacity medium, long term Enea Group own operations
Risk of high volatility of price paths for long-term financial projections due to changes in global economic climate policies or technological breakthroughs in key industries short, medium term Trading own operations
Dependence on challenges resulting from technological changes Risk of inability to effectively manage RES generation sources connected to the distribution network short, medium term Distribution own operations
Risk of delays and limitations in connecting new renewable energy sources to the distribution grid short, medium, long term Distribution own operations
Increased concerns among stakeholders Risk of greenwashing allegations – Regulatory uncertainty and a volatile environment increase the risk of greenwashing allegations. The environmental efforts undertaken by the company may be perceived as inadequate or misleading, which consequently may contribute to reputational losses long term Trading own operations
Risk of devaluation/depreciation of assets Risk of impairment of assets due to regulatory requirements resulting in shortened useful lives of conventional fuel generation assets or reduced profitability due to increased operating and financing costs as a result of climate change regulations (transition risk) short, medium, long term Generation own operations
ESRS E2
Pollution 		Pollution of water Pollution of rivers Pollution of rivers by conventional and hydro power plants creates regulatory risks related to the Nature Restoration Law and the risk of fines and lawsuits short, medium, long term Generation own operations
ESRS E3
Water and marine resources		 Water Water consumption Use of water Limitation of water consumption entails increased financial expenditures for infrastructure upgrades short, medium, long term Enea Group own operations
Cooling of coal-fired power plants entails the risk of reduced energy production, reputational and regulatory risks, and increased capital expenditures related to the transition to closed cooling systems short, medium, long term Generation own operations
Marine resources Extraction and use of marine resources The construction of offshore wind farms involves financial outlays and the risk of investment failure, as well as the risk of conflicts with NGOs regarding the negative impact of wind farms on marine organisms and resources long term Enea Group own operations
ESRS E4
Biodiversity and ecosystems		 Mining damage and land reclamation (Enea Group-specific topic) Mining damage and land reclamation entail higher operating costs due to the need to mitigate the negative impacts short, medium, long term Mining own operations
ESRS E5
Circular economy		 Resources inflows, including use of resources Energy resources and materials The utilization of biomass entails regulatory risks related to the use of wood biomass and capital expenditures Risk of conflicts with NGOs due to the use of primary woody biomass, i.e., contributing to deforestation. short, medium, long term Generation own operations
ESRS S1
Own workforce		 Working conditions Secure employment Working conditions Employment at the Enea Group will entail higher operating costs in the event of an increase in minimum wage or labor costs. There is also a risk of a shortage of skilled labor in the market. hort, medium, long term Enea Group own operations
Secure employment Energy transition-related changes in employment may result from increased costs, including retirement severance pays long term Enea Group own operations
Working conditions Occupational health and safety OHS The operation of the Occupational Health and Safety system involves costs for training and protective measures; there is a risk that employees will ignore the training, which may lead to an increased number of accidents short, medium, long term Enea Group own operations
Occupational health and safety Workplace accidents involve the risk of fines, litigation, reputational losses, limited access to capital, and worse ratings hort, medium, long term Enea Group own operations
Equal treatment and opportunities for all Diversity Employee equality and diversity In case of insufficient representation of women in management, there is a risk of fines long term Enea Group own operations
ESRS S2
Workers in the value chain		 Working conditions
  • Secure employment
  • Working time
  • Adequate wage
  • Social dialogue
  • Freedom of association, including the existence of work councils
  • Collective bargaining
  • Work-life balance indicators
  • Occupational health and safety
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
Equal treatment and opportunities for all
  • Gender equality and equal pay for work of equal value
  • Training and skills development
  • Employment and inclusion of persons with disabilities
  • Measures against violence and harassment in the workplace
  • Diversity
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
Other work-related rights
  • Child labour
  • Forced labour
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
ESRS S4
Consumers and end-users		 Social inclusion of consumers and/or end-users related to information Responsible marketing practices Customer relations Risk of litigation and financial penalties for violations of fair marketing practices. Regulatory and greenwashing risks in Enea Group’s communication under the future Green Claims Directive short, medium, long term Enea Group Own operations, Downstream
Social inclusion of consumers and/or end-users related to information Responsible marketing practices Risk of violating anti-monopoly regulations may result in fines, reputation loss, court proceedings and the need to pay compensation short, medium, long term
Personal safety of consumers or end-users
  • Occupational health and safety
  • Security of a person
 Security and reliability of electricity supply Safety of energy use may result in financial outlays necessary to ensure appropriate parameters of electricity There is a risk of fines and lawsuits if the parameters are not satisfied short, medium, long term Distribution Own operations, Downstream
Enea Group-specific impact The reliability of energy supply requires financial outlays necessary to ensure it. Risk of fines and lawsuits in the event of non-compliance with energy law short, medium, long term Enea Group Own operations, Downstream
Enea Group-specific impact Modernization of the grid entails increased financial outlays short, medium, long term Distribution Own operations, Downstream
ESRS G1
Business conduct		 Corruption and bribery Prevention and detection including training Knowledge of anti-corruption measures in Group companies Insufficient training of employees and Management Board Members leads to an increased risk of corruption incidents. Reputational risk and limited access to business partners due to reporting of incomplete anti-corruption training of employees short, medium, long term Enea Group entire value chain
Enea Group-specific impact ESG management Increased costs of adapting the Enea Group to new regulations and acquiring competencies in this respect short, medium, long term Enea Group entire value chain
Political engagement and lobbying activities Involvement in the country’s energy policy Risk associated with adaptation of Enea Group’s operations to the evolving strategic directions of Poland’s energy policy, reputation risk related to the links between the activity of the Enea Group and the political situation in Poland short, medium, long term Enea Group own operations
Topic Subtopic Sub-subtopics Material topic/Dependence Risks Horyzont czasowy ryzyka Time horizon Value chain
ESRS E1
Climate change		 Climate change adaptation Climate change adaptation Dependence on known, stable and predictable climate conditions (physical risks):

Occurrence of climate-related long-term and immediate risks in locations associated with the company’s operations

Lack of sufficient measures to adapt to climate change could lead to the materialization of physical risks that could result in:

Increased operating costs due to potential damage to infrastructure components

Loss of revenue due to interruption in the distribution and generation business

 short, medium, long term Enea Group own operations
Climate change mitigation Emissions Risk of inability to hedge the purchase price of EUAs medium, long term Enea Group own operations
Risk of displacement of high emission units from the merit order curve due to an increase in operating costs (EUAs) and deteriorating profitability of generation units, resulting in accelerated displacement of high emission units from the merit order curve short, medium, long term Trading, Generation own operations
Risk of non-compliance with GHG emission requirements in the regulations of the European Union’s Climate and Energy Package, including “FIT for 55” long term Generation own operations
Loss of revenue from the Capacity Market due to the risk of not meeting the 550kg CO₂/MWh emission condition (auctions in 2026-2029) or a failure to achieve satisfactory revenue from supplementary auctions medium, long term Generation own operations
Risk of use of the technologies that will be phased out due to climate change regulations long term Generation own operations
Dependence on prices of raw materials and fuels Risk of gas price volatility resulting in increased costs for the gas-fired power generation segment medium, long term Generation own operations
Regulatory risk in the biomass area resulting in inability to purchase and an increase in prices for biomass that meets the Sustainability Criteria (KZR) short, medium, long term Generation own operations
Dependence on demand levels Risk of lower demand for Enea’s electricity services – changes in demand for the products and services provided by the companies and related customer expectations caused, among other things, by the development of distributed energy, prosumer installations, introduction of smart energy management systems and integration of renewable energy sources in buildings short, medium, long term Enea Group own operations
Dependence on uncertain market signals Risk of delay in the implementation or non-implementation of the project for the construction of CCGT units at the Kozienice Power Plant due to changes in the assumptions adopted for the projects (e.g. prices of energy, CO₂, gas, EU climate policy), which may affect the economic viability of the investments undertaken. medium, long term Generation own operations
Risks related to delayed achievement of the Enea Group’s strategic objectives related to RES capacity medium, long term Enea Group own operations
Risk of high volatility of price paths for long-term financial projections due to changes in global economic climate policies or technological breakthroughs in key industries short, medium term Trading own operations
Dependence on challenges resulting from technological changes Risk of inability to effectively manage RES generation sources connected to the distribution network short, medium term Distribution own operations
Risk of delays and limitations in connecting new renewable energy sources to the distribution grid short, medium, long term Distribution own operations
Increased concerns among stakeholders Risk of greenwashing allegations – Regulatory uncertainty and a volatile environment increase the risk of greenwashing allegations. The environmental efforts undertaken by the company may be perceived as inadequate or misleading, which consequently may contribute to reputational losses long term Trading own operations
Risk of devaluation/depreciation of assets Risk of impairment of assets due to regulatory requirements resulting in shortened useful lives of conventional fuel generation assets or reduced profitability due to increased operating and financing costs as a result of climate change regulations (transition risk) short, medium, long term Generation own operations
ESRS E2
Pollution 		Pollution of water Pollution of rivers Pollution of rivers by conventional and hydro power plants creates regulatory risks related to the Nature Restoration Law and the risk of fines and lawsuits short, medium, long term Generation own operations
ESRS E3
Water and marine resources		 Water Water consumption Use of water Limitation of water consumption entails increased financial expenditures for infrastructure upgrades short, medium, long term Enea Group own operations
Cooling of coal-fired power plants entails the risk of reduced energy production, reputational and regulatory risks, and increased capital expenditures related to the transition to closed cooling systems short, medium, long term Generation own operations
Marine resources Extraction and use of marine resources The construction of offshore wind farms involves financial outlays and the risk of investment failure, as well as the risk of conflicts with NGOs regarding the negative impact of wind farms on marine organisms and resources long term Enea Group own operations
ESRS E4
Biodiversity and ecosystems		 Mining damage and land reclamation (Enea Group-specific topic) Mining damage and land reclamation entail higher operating costs due to the need to mitigate the negative impacts short, medium, long term Mining own operations
ESRS E5
Circular economy		 Resources inflows, including use of resources Energy resources and materials The utilization of biomass entails regulatory risks related to the use of wood biomass and capital expenditures Risk of conflicts with NGOs due to the use of primary woody biomass, i.e., contributing to deforestation. short, medium, long term Generation own operations
ESRS S1
Own workforce		 Working conditions Secure employment Working conditions Employment at the Enea Group will entail higher operating costs in the event of an increase in minimum wage or labor costs. There is also a risk of a shortage of skilled labor in the market. hort, medium, long term Enea Group own operations
Secure employment Energy transition-related changes in employment may result from increased costs, including retirement severance pays long term Enea Group own operations
Working conditions Occupational health and safety OHS The operation of the Occupational Health and Safety system involves costs for training and protective measures; there is a risk that employees will ignore the training, which may lead to an increased number of accidents short, medium, long term Enea Group own operations
Occupational health and safety Workplace accidents involve the risk of fines, litigation, reputational losses, limited access to capital, and worse ratings hort, medium, long term Enea Group own operations
Equal treatment and opportunities for all Diversity Employee equality and diversity In case of insufficient representation of women in management, there is a risk of fines long term Enea Group own operations
ESRS S2
Workers in the value chain		 Working conditions
  • Secure employment
  • Working time
  • Adequate wage
  • Social dialogue
  • Freedom of association, including the existence of work councils
  • Collective bargaining
  • Work-life balance indicators
  • Occupational health and safety
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
Equal treatment and opportunities for all
  • Gender equality and equal pay for work of equal value
  • Training and skills development
  • Employment and inclusion of persons with disabilities
  • Measures against violence and harassment in the workplace
  • Diversity
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
Other work-related rights
  • Child labour
  • Forced labour
 Workers in the value chain Implementation of the supplier review processes involves additional financial outlays Lack of supplier reviews may result in, among others, a reputational risk for the Enea Group short, medium, long term Enea Group Upstream, Own operations
ESRS S4
Consumers and end-users		 Social inclusion of consumers and/or end-users related to information Responsible marketing practices Customer relations Risk of litigation and financial penalties for violations of fair marketing practices. Regulatory and greenwashing risks in Enea Group’s communication under the future Green Claims Directive short, medium, long term Enea Group Own operations, Downstream
Social inclusion of consumers and/or end-users related to information Responsible marketing practices Risk of violating anti-monopoly regulations may result in fines, reputation loss, court proceedings and the need to pay compensation short, medium, long term
Personal safety of consumers or end-users
  • Occupational health and safety
  • Security of a person
 Security and reliability of electricity supply Safety of energy use may result in financial outlays necessary to ensure appropriate parameters of electricity There is a risk of fines and lawsuits if the parameters are not satisfied short, medium, long term Distribution Own operations, Downstream
Enea Group-specific impact The reliability of energy supply requires financial outlays necessary to ensure it. Risk of fines and lawsuits in the event of non-compliance with energy law short, medium, long term Enea Group Own operations, Downstream
Enea Group-specific impact Modernization of the grid entails increased financial outlays short, medium, long term Distribution Own operations, Downstream
ESRS G1
Business conduct		 Corruption and bribery Prevention and detection including training Knowledge of anti-corruption measures in Group companies Insufficient training of employees and Management Board Members leads to an increased risk of corruption incidents. Reputational risk and limited access to business partners due to reporting of incomplete anti-corruption training of employees short, medium, long term Enea Group entire value chain
Enea Group-specific impact ESG management Increased costs of adapting the Enea Group to new regulations and acquiring competencies in this respect short, medium, long term Enea Group entire value chain
Political engagement and lobbying activities Involvement in the country’s energy policy Risk associated with adaptation of Enea Group’s operations to the evolving strategic directions of Poland’s energy policy, reputation risk related to the links between the activity of the Enea Group and the political situation in Poland short, medium, long term Enea Group own operations

Topic Subtopic Sub-subtopics Material topic/category Opportunity Time horizon Area Value chain
ESRS E1
Climate change		 Climate change mitigation Emissions (use of lower-carbon energy sources) Replacement of the current coal-based generation profile with a transition fuel, while considering the flexibility of the production profile medium, long term Generation own operations
Further decarbonization of heat and electricity production, while considering the flexibility of the production profile, optimization of energy consumption and improvement of energy efficiency of the heating system and connected facilities through development of new technologies, medium and long-term time horizon medium, long term Generation own operations
Climate change mitigation Emissions (Replacement of some raw materials with others) Gaining independence from volatility in prices of CO₂ emission allowances medium, long term Trading own operations
Climate change mitigation Emissions (Diversification of raw materials) Gaining independence from conventional (fossil) and volatility of their prices short, medium, long term Trading own operations
Climate change mitigation Use of new technologies Greater availability and lower costs of generation and storage of energy from RES short, medium, long term Generation own operations
Climate change mitigation Development of new products or services through R&D and innovation Development of energy technologies, including energy storage technologies, smart metering and energy management systems, electromobility, alternative fuels, participation in the development and operation of energy islands. medium, long term Enea Group own operations
Climate change mitigation Changes in consumer preferences Expansion of the product range and customer portfolio through the introduction of environmentally friendly products and extensive use of new technologies short, medium, long term Enea Group own operations
Expanded portfolio of energy efficiency products medium, long term Enea Group
Climate change mitigation More efficient use of means of transportation and distribution processes Implementation of modern systems for flexible and smart management of traffic in a distribution grid, in the short and long term time horizon medium, long term Distribution own operations
Climate change mitigation Access to new markets Improved access to global financial and insurance markets through a consistent decarbonization policy and risk reduction in the coal asset portfolio long term Enea Group own operations
Climate change mitigation Use of incentives from policies supporting the net zero energy sector Improved access to low-cost or no-cost financial incentives (grants, loans) medium, long term Enea Group own operations
Use of cooperation and incentives from the public sector Developing cooperation with local communities and building modern, comprehensive solutions, e.g. in connection with the implementation of the concept of energy clusters (energy cooperatives, self-sufficient energy communities). medium, long term Enea Group own operations
ESRS E2
Pollution		 Pollution of air Pollution Reducing the volume of dust and gas pollution, reducing withdrawal of surface water (non-consumptive withdrawal) and groundwater for production purposes, and reducing the amount of waste generated (UPS) while increasing the value of marketed combustion by-products due to their reduced supply and steady demand (ash, slag, synthetic gypsum) short-term Generation own operations
ESRS E3
Water and marine resources		 Marine resources Use of water Construction of wind farms on the sea is an opportunity to increase the competitiveness and production from RES long term Enea Group own operations
ESRS E5
Circular economy		 Resource outflows related to products and services Energy resources and materials Sale of combustion by-products is an opportunity to generate additional revenues short, medium, long term Generation own operations
ESRS S1
Own workforce		 Equal treatment and opportunities for all Training and skills development Working conditions Increase in employee productivity and competencies, which will increase the efficiency of the company’s operations. Increase in retention and reduction of employee turnover, which will reduce the cost of acquiring new employees short, medium, long term Enea Group own operations
ESRS S4
Consumers and end-users		 Social inclusion of consumers or end-users Responsible marketing practices Customer relations Marketing is an opportunity for increasing the client base short, medium, long term Enea Group Own operations, Downstream
Enea Group-specific opportunity Grid modernization, facilitation of RES growth Decoupling the company’s operations from power generation and transmission based on fossil fuel. Reputational opportunity by enabling the transmission of renewable energy from other entities and increasing the percentage of renewable energy in Poland’s energy mix. Development of a smart distribution grid that reduces the risk of infrastructure instability. Opportunity to obtain financing in the form of grants or subsidies for climate change adaptation projects. Opportunity to obtain better ESG ratings short, medium, long term Distribution Own operations, Downstream
ESRS G1
Business conduct		 Enea Group-specific impact ESG management Opportunities to cooperate with demanding partners in terms of ESG, better rating, access to financing Enea Group entire value chain
Political involvement Energy policy Opportunity to build up the power sector and implement sustainability assumptions, short, medium, long term Enea Group own operations
Topic Subtopic Sub-subtopics Material topic/category Opportunity Time horizon Area Value chain
ESRS E1
Climate change		 Climate change mitigation Emissions (use of lower-carbon energy sources) Replacement of the current coal-based generation profile with a transition fuel, while considering the flexibility of the production profile medium, long term Generation own operations
Further decarbonization of heat and electricity production, while considering the flexibility of the production profile, optimization of energy consumption and improvement of energy efficiency of the heating system and connected facilities through development of new technologies, medium and long-term time horizon medium, long term Generation own operations
Climate change mitigation Emissions (Replacement of some raw materials with others) Gaining independence from volatility in prices of CO₂ emission allowances medium, long term Trading own operations
Climate change mitigation Emissions (Diversification of raw materials) Gaining independence from conventional (fossil) and volatility of their prices short, medium, long term Trading own operations
Climate change mitigation Use of new technologies Greater availability and lower costs of generation and storage of energy from RES short, medium, long term Generation own operations
Climate change mitigation Development of new products or services through R&D and innovation Development of energy technologies, including energy storage technologies, smart metering and energy management systems, electromobility, alternative fuels, participation in the development and operation of energy islands. medium, long term Enea Group own operations
Climate change mitigation Changes in consumer preferences Expansion of the product range and customer portfolio through the introduction of environmentally friendly products and extensive use of new technologies short, medium, long term Enea Group own operations
Expanded portfolio of energy efficiency products medium, long term Enea Group
Climate change mitigation More efficient use of means of transportation and distribution processes Implementation of modern systems for flexible and smart management of traffic in a distribution grid, in the short and long term time horizon medium, long term Distribution own operations
Climate change mitigation Access to new markets Improved access to global financial and insurance markets through a consistent decarbonization policy and risk reduction in the coal asset portfolio long term Enea Group own operations
Climate change mitigation Use of incentives from policies supporting the net zero energy sector Improved access to low-cost or no-cost financial incentives (grants, loans) medium, long term Enea Group own operations
Use of cooperation and incentives from the public sector Developing cooperation with local communities and building modern, comprehensive solutions, e.g. in connection with the implementation of the concept of energy clusters (energy cooperatives, self-sufficient energy communities). medium, long term Enea Group own operations
ESRS E2
Pollution		 Pollution of air Pollution Reducing the volume of dust and gas pollution, reducing withdrawal of surface water (non-consumptive withdrawal) and groundwater for production purposes, and reducing the amount of waste generated (UPS) while increasing the value of marketed combustion by-products due to their reduced supply and steady demand (ash, slag, synthetic gypsum) short-term Generation own operations
ESRS E3
Water and marine resources		 Marine resources Use of water Construction of wind farms on the sea is an opportunity to increase the competitiveness and production from RES long term Enea Group own operations
ESRS E5
Circular economy		 Resource outflows related to products and services Energy resources and materials Sale of combustion by-products is an opportunity to generate additional revenues short, medium, long term Generation own operations
ESRS S1
Own workforce		 Equal treatment and opportunities for all Training and skills development Working conditions Increase in employee productivity and competencies, which will increase the efficiency of the company’s operations. Increase in retention and reduction of employee turnover, which will reduce the cost of acquiring new employees short, medium, long term Enea Group own operations
ESRS S4
Consumers and end-users		 Social inclusion of consumers or end-users Responsible marketing practices Customer relations Marketing is an opportunity for increasing the client base short, medium, long term Enea Group Own operations, Downstream
Enea Group-specific opportunity Grid modernization, facilitation of RES growth Decoupling the company’s operations from power generation and transmission based on fossil fuel. Reputational opportunity by enabling the transmission of renewable energy from other entities and increasing the percentage of renewable energy in Poland’s energy mix. Development of a smart distribution grid that reduces the risk of infrastructure instability. Opportunity to obtain financing in the form of grants or subsidies for climate change adaptation projects. Opportunity to obtain better ESG ratings short, medium, long term Distribution Own operations, Downstream
ESRS G1
Business conduct		 Enea Group-specific impact ESG management Opportunities to cooperate with demanding partners in terms of ESG, better rating, access to financing Enea Group entire value chain
Political involvement Energy policy Opportunity to build up the power sector and implement sustainability assumptions, short, medium, long term Enea Group own operations

The material impacts identified by the Enea Group in the Double Materiality Analysis pertaining to the environment, employees and customers are related entirely to the Group’s business model, and a significant majority of these impacts occur within the short- and long-term time horizons. The impacts related to RES and new business lines, Emissions, Energy, Energy resources, Employee development and Socially-responsible transition of regions are due to the Enea Group’s Development Strategy.

Topic Subtopic Sub-subtopic Material topic Proceeds Time horizon Area Value chain
ESRS E1
Climate change		 Climate change adaptation Climate change adaptation Climate risks – The Group has developed climate risks partly in line with recommendations. However, this is not a sufficient target level of detail, which would meet the requirements of banking institutions or reporting requirements. Potential negative impact on the environment short and long term Enea Group own operations
Activities to adapt to climate change – actual negative impact on the environment due to insufficient adaptation of the Enea Group’s business model to climate change short and long term Enea Group own operations
Climate change adaptation RES and new business lines New business lines – potential positive environmental impact related to the development of e.g. energy storage or hydrogen technologies long term Enea Group own operations
Climate change mitigation RES and new business lines Development of own renewable energy sources – actual positive impact related to the development of low-carbon energy production technologies short and long term Generation own operations
Climate change mitigation Emissions Emissions – actual negative impact on the environment related to the level of emissions from the Enea Group short and long term Enea Group entire value chain
Transition of coal assets – potential positive impact on climate change mitigation associated with the development of RES, combustion of biomass long term Enea Group own operations
Use of hard coal to generate energy – actual negative impact on the environment; hard coal is the main material used to generate energy by the Enea Group; its emission intensity is high short and long term Generation Upstream, Own operations
Energy Energy Energy consumption – negative impact on the environment associated with the consumption of energy originating mainly from the combustion of fossil fuels short and long term Enea Group own operations
Energy Energy efficiency – potential positive impact on the level of energy consumption short and long term Enea Group own operations
ESRS E2 Pollution Pollution of air Pollution of air Dust in generating facilities and in the mine – actual negative impact related to the production of coal and combustion of energy resources short and long term Generation and Mining own operations
Sulfur and nitrogen oxides, organic compounds in manufacturing facilities – actual negative impact on the environment related to combustion of energy resources short and long term Generation own operations
Impact of coal transportation on the environment – negative impact related to the intensity of transportation, noise and dust emissions short and long term Generation own operations
Pollution of water Pollution of rivers Pollution of rivers by conventional power plants – actual negative impact on the environment related to wastewater from power plants short and long term Generation own operations
Pollution of rivers by hydro power plants – actual negative impact on the environment related to sediment in rivers short and long term Generation own operations
Substances of concern Hazardous substances Actual negative impact; most Group companies use substances of concern for the production, operation and maintenance of equipment. Hazardous substances are also emitted during combustion of coal. short and long term Enea Group own operations, value chain
ESRS E3
Water and marine resources		 Water Water withdrawal Use of water Cooling of coal-fired power plants – actual negative impact on the environment related to the withdrawal of significant volumes of water from the Vistula river short and long term Generation own operations
Enea Group-specific impact Impact of hydro power plants on rivers – actual negative impact on the environment associated with dams and baffles on rivers short and long term Enea Group own operations
Water consumption Water consumption in the value chain – potential negative impact on the environment related to the mining of energy resources and manufacturing of equipment short and long term Enea Group Upstream
ESRS E4
Biodiversity and ecosystems		 Direct impact drivers of biodiversity loss Climate change Biodiversity Impact of climate change on biodiversity – actual negative impact associated with accumulated emissions of the Enea Group and their impact on climate change short and long term Enea Group entire value chain
Land-use change, fresh water-use change and sea-use change Changes in the method of using freshwater (water barriers and open cooling systems) – actual negative impact of obstacles on rivers on aquatic organisms short and long term Generation own operations
Direct exploitation Cutting down trees and running power lines through protected areas – actual negative impact associated with running new distribution lines short and long term Distribution Upstream, Own operations
Pollution Pollution of rivers with salts and heavy metals – actual negative impact of mining and conventional power generation on river pollution, which affects aquatic organisms short and long term Generation and Mining Upstream, Own operations
Impact on the condition of species Negative impact of power lines on birds – potential negative impact on bird mortality caused by power lines short and long term Distribution own operations
Use of open cooling systems at the Kozienice and Połaniec Power Plants – actual negative impact on fish abundance, as ichthyoplankton is withdrawn together with the water for cooling the power plants short and long term Generation own operations
Impacts on the extent and condition of ecosystems Impact on the size and condition of ecosystems – actual negative impact on the environment associated with the operation of hard coal mines short and long term Mining own operations
Enea Group-specific impact Mining damage and land reclamation Mining damages and land reclamation – actual negative impact related to the formation of landslides, sinkholes, groundwater pollution or soil erosion as a result of mining activities short and long term Mining own operations
ESRS E5
Circular economy		 Use of resources, including use of resources Energy resources and materials Use of energy resources – actual negative impact related to the use of non-renewable energy resources (coal, natural gas) short and long term Generation Upstream, Own operations
Use of biomass – actual positive impact related to the combustion of biomass sourced among others from wood production waste short and long term Generation Upstream, Own operations
Resources inflows including use of resources – actual negative impact related to the resources used for coal mining and the creation of by-products short and long term Mining Upstream, Own operations
Waste Waste Generating waste, including hazardous waste – actual negative impact; most waste is generated in mining and power generation (by-products of combustion) short and long term Enea Group entire value chain
Resource outflows related to products and services Sales of by-products of the combustion and flue gas desulfurization process (ashes, slag, gypsum) – actual positive impact associated with the reduced consumption of primary resources short and long term Generation Own operations, Downstream
ESRS S1
Own employee resources		 Working conditions Secure employment Working conditions Employment – actual positive impact on workers associated with employment stability short and long term Enea Group own operations
Changes in employment related to the Enea Group’s energy transition – potential positive impact related to changes in employment long term Enea Group own operations
Working time Working time – specified by rules and regulations and Collective Bargaining Agreements, positive actual impact on employees short and long term Enea Group own operations
Adequate wages Wages – Enea Group companies offer their employees basic salary, extra bonuses and social benefits. The companies set the remuneration rules based on internal Collective Bargaining Agreements – actual positive impact on employees short and long term Enea Group own operations
Freedom of association, the existence of works councils and the information, consultation and participation rights of workers Trade unions – employees are free to associate in the Enea Group – potential positive impact on employees, since the large number of unions and their extensive structures make dialogue and decision-making difficult. short and long term Enea Group own operations
Collective bargaining, including rate of workers covered by collective agreements Collective bargaining agreements – in the majority of Enea Group companies, employees are covered by collective agreements, e.g. internal collective bargaining agreements. Collective bargaining agreements regulate the duties of employees and the employer – positive potential impact on employees
Equal treatment and opportunities for all Training and skills development Employee development – actual positive impact associated with the Enea Group’s support for employee development short and long term Enea Group own operations
Measures against violence and harassment in the workplace Anti-harassment – actual positive impact; the Enea Group actively prevents harassment and discrimination short and long term Enea Group own operations
Working conditions Occupational health and safety OHS OHS system – actual positive impact on increased workplace safety short and long term Enea Group Upstream, Own operations
Workplace accidents of own workforce – actual negative impact due to accidents that may occur short and long term Enea Group own operations
Equal treatment and opportunities for all Gender equality and equal pay for work of equal value Employee equality and diversity Pay equality – potential negative impact on employees related to the pay gap short and long term Enea Group own operations
Diversity Staff diversity – potential negative impact associated with insufficient representation of women in management and supervisory bodies of the Enea Group short and long term Enea Group own operations
Diversity management – actual positive impact on equality and diversity resulting from the principles in effect in the Enea Group (among others, the Code of Ethics and the Compliance Policy) short and long term Enea Group own operations
ESRS S2
Workers in the value chain		 Working conditions
  • Secure employment
  • Working time
  • Adequate wage
  • Social dialogue
  • Freedom of association, including the existence of work councils
  • Collective bargaining
  • Work-life balance indicators
  • Occupational health and safety
 Workers in the value chain Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Occupational health and safety OHS Workplace accidents of workers in the value chain (ESRS S2) – negative impact due to accidents that may occur short and long term Enea Group Upstream, Own operations
Equal treatment and opportunities for all
  • Gender equality and equal pay for work of equal value
  • Training and skills development
  • Employment and inclusion of persons with disabilities
  • Measures against violence and harassment in the workplace
  • Diversity

 

 Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Other work-related
  • Child labour
  • Forced labour
 Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Human rights Human rights – potential negative impact due to the lack of a system to verify that human rights are respected in the supply chain short and long term Enea Group Upstream
ESRS S3
Affected communities		 Communities’ economic, social and cultural rights
  • Water and sanitation
  • Security-related impacts
 Local communities Impact of production and distribution activities on local communities – actual positive impact associated with the supply of electricity and heat necessary for day-to-day life of local communities short and long term Enea Group Own operations, Downstream
Security-related impacts Impact of the Enea Group’s operations on the local economy – actual positive impact of the Enea Group on the development of entrepreneurship in the regions where the Group operates short and long term Enea Group entire value chain
Enea Group-specific impact Ensuring socially responsible transition of regions – Enea Group companies are among the largest employers in some of their locations (e.g. Kozienice, Łęczna). Absence of recruitment of new employees in these locations might trigger serious difficulties in local labor markets. The Enea Group takes action to ensure socially responsible transition of these regions. short and long term Enea Group Own operations, Downstream
ESRS S4
Consumers and end users		 Impact of information on consumers and end-users Access to (quality) information Customer relations Communicating with customers: positive potential impact related to simplifying and facilitating communication with customers short and long term Enea Group Own operations, Downstream
Social inclusion of consumers or end-users Responsible marketing practices Marketing practices – actual positive impact on customers associated with compliance with marketing standards short and long term Enea Group Own operations, Downstream
Breaches of competition law – actual negative impact due to violations that happened in the past short-term Enea Group Own operations, Downstream
Access to products and services Customer service – actual positive impact of the Enea Group on customer relations confirmed by opinion polls and certificates short and long term Enea Group Own operations, Downstream
Personal safety of consumers or end-users Occupational health and safety Security and reliability of electricity supply Security of electricity supply – actual positive impact of ensuring adequate electricity parameters short and long term Distribution Own operations, Downstream
nea Group-specific impact Reliability of electricity supply – actual positive impact on customers thanks to guaranteed reliability short and long term Enea Group Own operations, Downstream
Enea Group-specific impact Grid modernization, facilitation of RES growth – actual positive impact on customers associated with increasing the grid efficiency short and long term Distribution Own operations, Downstream
Impact of information on consumers and end-users Privacy Customer data security Safety of customer data – actual positive impact related to the data Enea Group’s data protection system short and long term Enea Group Own operations, Downstream
Breaches of data protection law – negative impact due to violations and proceedings conducted by the President of the Personal Data Protection Office short and long term Enea Group Own operations, Downstream
ESRS G1
Business conduct		 Corporate culture Ethics and corporate culture Implementation of the Enea Group Code of Conduct for Contractors, Code of Ethics – actual positive impact related to establishing standards and transparent rules in relations with customers, suppliers and environment short and long term Enea Group entire value chain
Protection of whistleblowers Whistleblower protection and whistleblower reporting procedure in place in the Enea Group – actual positive impact of the system in place in the Enea Group short and long term Enea Group entire value chain
Corruption and bribery Incidents Incidents of corruption – actual negative impact related to occurrence of incidents of corruption in the past short and long term Enea Group entire value chain
Enea Group-specific impact ESG management ESG management and alignment with sustainability regulations – potential positive impact short and long term Enea Group entire value chain
Management of relationships with suppliers, including payment practices Relationships with suppliers and payment practices The Enea Group, due to the scale of its operations, cooperates with numerous suppliers. Its impact on them is significant; for many companies in the energy industry, it can be a key business partner and its payment practices have a significant impact on their operations – positive actual impact short and long term Enea Group Upstream, Own operations
Political involvement Energy policy The Enea Group is a state-owned company and, along with other energy companies, it is overseen by the Minister of State Assets. Through cooperation with him, they influence the enactment of regulations favorable to their operations. Benefits to the ENEA Group’s business operations are not necessarily beneficial to sustainability. Potential negative impact short and long term Enea Group entire value chain
The Enea Group is a state-owned company and, along with other energy companies, it is overseen by the Minister of State Assets. Through cooperation with him, they influence the enactment of regulations favorable to their operations. Benefits to the ENEA Group’s business operations are often also beneficial to sustainability. Potential positive impact short and long term Enea Group entire value chain
Topic Subtopic Sub-subtopic Material topic Proceeds Time horizon Area Value chain
ESRS E1
Climate change		 Climate change adaptation Climate change adaptation Climate risks – The Group has developed climate risks partly in line with recommendations. However, this is not a sufficient target level of detail, which would meet the requirements of banking institutions or reporting requirements. Potential negative impact on the environment short and long term Enea Group own operations
Activities to adapt to climate change – actual negative impact on the environment due to insufficient adaptation of the Enea Group’s business model to climate change short and long term Enea Group own operations
Climate change adaptation RES and new business lines New business lines – potential positive environmental impact related to the development of e.g. energy storage or hydrogen technologies long term Enea Group own operations
Climate change mitigation RES and new business lines Development of own renewable energy sources – actual positive impact related to the development of low-carbon energy production technologies short and long term Generation own operations
Climate change mitigation Emissions Emissions – actual negative impact on the environment related to the level of emissions from the Enea Group short and long term Enea Group entire value chain
Transition of coal assets – potential positive impact on climate change mitigation associated with the development of RES, combustion of biomass long term Enea Group own operations
Use of hard coal to generate energy – actual negative impact on the environment; hard coal is the main material used to generate energy by the Enea Group; its emission intensity is high short and long term Generation Upstream, Own operations
Energy Energy Energy consumption – negative impact on the environment associated with the consumption of energy originating mainly from the combustion of fossil fuels short and long term Enea Group own operations
Energy Energy efficiency – potential positive impact on the level of energy consumption short and long term Enea Group own operations
ESRS E2 Pollution Pollution of air Pollution of air Dust in generating facilities and in the mine – actual negative impact related to the production of coal and combustion of energy resources short and long term Generation and Mining own operations
Sulfur and nitrogen oxides, organic compounds in manufacturing facilities – actual negative impact on the environment related to combustion of energy resources short and long term Generation own operations
Impact of coal transportation on the environment – negative impact related to the intensity of transportation, noise and dust emissions short and long term Generation own operations
Pollution of water Pollution of rivers Pollution of rivers by conventional power plants – actual negative impact on the environment related to wastewater from power plants short and long term Generation own operations
Pollution of rivers by hydro power plants – actual negative impact on the environment related to sediment in rivers short and long term Generation own operations
Substances of concern Hazardous substances Actual negative impact; most Group companies use substances of concern for the production, operation and maintenance of equipment. Hazardous substances are also emitted during combustion of coal. short and long term Enea Group own operations, value chain
ESRS E3
Water and marine resources		 Water Water withdrawal Use of water Cooling of coal-fired power plants – actual negative impact on the environment related to the withdrawal of significant volumes of water from the Vistula river short and long term Generation own operations
Enea Group-specific impact Impact of hydro power plants on rivers – actual negative impact on the environment associated with dams and baffles on rivers short and long term Enea Group own operations
Water consumption Water consumption in the value chain – potential negative impact on the environment related to the mining of energy resources and manufacturing of equipment short and long term Enea Group Upstream
ESRS E4
Biodiversity and ecosystems		 Direct impact drivers of biodiversity loss Climate change Biodiversity Impact of climate change on biodiversity – actual negative impact associated with accumulated emissions of the Enea Group and their impact on climate change short and long term Enea Group entire value chain
Land-use change, fresh water-use change and sea-use change Changes in the method of using freshwater (water barriers and open cooling systems) – actual negative impact of obstacles on rivers on aquatic organisms short and long term Generation own operations
Direct exploitation Cutting down trees and running power lines through protected areas – actual negative impact associated with running new distribution lines short and long term Distribution Upstream, Own operations
Pollution Pollution of rivers with salts and heavy metals – actual negative impact of mining and conventional power generation on river pollution, which affects aquatic organisms short and long term Generation and Mining Upstream, Own operations
Impact on the condition of species Negative impact of power lines on birds – potential negative impact on bird mortality caused by power lines short and long term Distribution own operations
Use of open cooling systems at the Kozienice and Połaniec Power Plants – actual negative impact on fish abundance, as ichthyoplankton is withdrawn together with the water for cooling the power plants short and long term Generation own operations
Impacts on the extent and condition of ecosystems Impact on the size and condition of ecosystems – actual negative impact on the environment associated with the operation of hard coal mines short and long term Mining own operations
Enea Group-specific impact Mining damage and land reclamation Mining damages and land reclamation – actual negative impact related to the formation of landslides, sinkholes, groundwater pollution or soil erosion as a result of mining activities short and long term Mining own operations
ESRS E5
Circular economy		 Use of resources, including use of resources Energy resources and materials Use of energy resources – actual negative impact related to the use of non-renewable energy resources (coal, natural gas) short and long term Generation Upstream, Own operations
Use of biomass – actual positive impact related to the combustion of biomass sourced among others from wood production waste short and long term Generation Upstream, Own operations
Resources inflows including use of resources – actual negative impact related to the resources used for coal mining and the creation of by-products short and long term Mining Upstream, Own operations
Waste Waste Generating waste, including hazardous waste – actual negative impact; most waste is generated in mining and power generation (by-products of combustion) short and long term Enea Group entire value chain
Resource outflows related to products and services Sales of by-products of the combustion and flue gas desulfurization process (ashes, slag, gypsum) – actual positive impact associated with the reduced consumption of primary resources short and long term Generation Own operations, Downstream
ESRS S1
Own employee resources		 Working conditions Secure employment Working conditions Employment – actual positive impact on workers associated with employment stability short and long term Enea Group own operations
Changes in employment related to the Enea Group’s energy transition – potential positive impact related to changes in employment long term Enea Group own operations
Working time Working time – specified by rules and regulations and Collective Bargaining Agreements, positive actual impact on employees short and long term Enea Group own operations
Adequate wages Wages – Enea Group companies offer their employees basic salary, extra bonuses and social benefits. The companies set the remuneration rules based on internal Collective Bargaining Agreements – actual positive impact on employees short and long term Enea Group own operations
Freedom of association, the existence of works councils and the information, consultation and participation rights of workers Trade unions – employees are free to associate in the Enea Group – potential positive impact on employees, since the large number of unions and their extensive structures make dialogue and decision-making difficult. short and long term Enea Group own operations
Collective bargaining, including rate of workers covered by collective agreements Collective bargaining agreements – in the majority of Enea Group companies, employees are covered by collective agreements, e.g. internal collective bargaining agreements. Collective bargaining agreements regulate the duties of employees and the employer – positive potential impact on employees
Equal treatment and opportunities for all Training and skills development Employee development – actual positive impact associated with the Enea Group’s support for employee development short and long term Enea Group own operations
Measures against violence and harassment in the workplace Anti-harassment – actual positive impact; the Enea Group actively prevents harassment and discrimination short and long term Enea Group own operations
Working conditions Occupational health and safety OHS OHS system – actual positive impact on increased workplace safety short and long term Enea Group Upstream, Own operations
Workplace accidents of own workforce – actual negative impact due to accidents that may occur short and long term Enea Group own operations
Equal treatment and opportunities for all Gender equality and equal pay for work of equal value Employee equality and diversity Pay equality – potential negative impact on employees related to the pay gap short and long term Enea Group own operations
Diversity Staff diversity – potential negative impact associated with insufficient representation of women in management and supervisory bodies of the Enea Group short and long term Enea Group own operations
Diversity management – actual positive impact on equality and diversity resulting from the principles in effect in the Enea Group (among others, the Code of Ethics and the Compliance Policy) short and long term Enea Group own operations
ESRS S2
Workers in the value chain		 Working conditions
  • Secure employment
  • Working time
  • Adequate wage
  • Social dialogue
  • Freedom of association, including the existence of work councils
  • Collective bargaining
  • Work-life balance indicators
  • Occupational health and safety
 Workers in the value chain Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Occupational health and safety OHS Workplace accidents of workers in the value chain (ESRS S2) – negative impact due to accidents that may occur short and long term Enea Group Upstream, Own operations
Equal treatment and opportunities for all
  • Gender equality and equal pay for work of equal value
  • Training and skills development
  • Employment and inclusion of persons with disabilities
  • Measures against violence and harassment in the workplace
  • Diversity

 

 Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Other work-related
  • Child labour
  • Forced labour
 Requirements for suppliers – actual positive impact of implementation of the Enea Group Code of Conduct for Contractors short and long term Enea Group Upstream, Own operations
Human rights Human rights – potential negative impact due to the lack of a system to verify that human rights are respected in the supply chain short and long term Enea Group Upstream
ESRS S3
Affected communities		 Communities’ economic, social and cultural rights
  • Water and sanitation
  • Security-related impacts
 Local communities Impact of production and distribution activities on local communities – actual positive impact associated with the supply of electricity and heat necessary for day-to-day life of local communities short and long term Enea Group Own operations, Downstream
Security-related impacts Impact of the Enea Group’s operations on the local economy – actual positive impact of the Enea Group on the development of entrepreneurship in the regions where the Group operates short and long term Enea Group entire value chain
Enea Group-specific impact Ensuring socially responsible transition of regions – Enea Group companies are among the largest employers in some of their locations (e.g. Kozienice, Łęczna). Absence of recruitment of new employees in these locations might trigger serious difficulties in local labor markets. The Enea Group takes action to ensure socially responsible transition of these regions. short and long term Enea Group Own operations, Downstream
ESRS S4
Consumers and end users		 Impact of information on consumers and end-users Access to (quality) information Customer relations Communicating with customers: positive potential impact related to simplifying and facilitating communication with customers short and long term Enea Group Own operations, Downstream
Social inclusion of consumers or end-users Responsible marketing practices Marketing practices – actual positive impact on customers associated with compliance with marketing standards short and long term Enea Group Own operations, Downstream
Breaches of competition law – actual negative impact due to violations that happened in the past short-term Enea Group Own operations, Downstream
Access to products and services Customer service – actual positive impact of the Enea Group on customer relations confirmed by opinion polls and certificates short and long term Enea Group Own operations, Downstream
Personal safety of consumers or end-users Occupational health and safety Security and reliability of electricity supply Security of electricity supply – actual positive impact of ensuring adequate electricity parameters short and long term Distribution Own operations, Downstream
nea Group-specific impact Reliability of electricity supply – actual positive impact on customers thanks to guaranteed reliability short and long term Enea Group Own operations, Downstream
Enea Group-specific impact Grid modernization, facilitation of RES growth – actual positive impact on customers associated with increasing the grid efficiency short and long term Distribution Own operations, Downstream
Impact of information on consumers and end-users Privacy Customer data security Safety of customer data – actual positive impact related to the data Enea Group’s data protection system short and long term Enea Group Own operations, Downstream
Breaches of data protection law – negative impact due to violations and proceedings conducted by the President of the Personal Data Protection Office short and long term Enea Group Own operations, Downstream
ESRS G1
Business conduct		 Corporate culture Ethics and corporate culture Implementation of the Enea Group Code of Conduct for Contractors, Code of Ethics – actual positive impact related to establishing standards and transparent rules in relations with customers, suppliers and environment short and long term Enea Group entire value chain
Protection of whistleblowers Whistleblower protection and whistleblower reporting procedure in place in the Enea Group – actual positive impact of the system in place in the Enea Group short and long term Enea Group entire value chain
Corruption and bribery Incidents Incidents of corruption – actual negative impact related to occurrence of incidents of corruption in the past short and long term Enea Group entire value chain
Enea Group-specific impact ESG management ESG management and alignment with sustainability regulations – potential positive impact short and long term Enea Group entire value chain
Management of relationships with suppliers, including payment practices Relationships with suppliers and payment practices The Enea Group, due to the scale of its operations, cooperates with numerous suppliers. Its impact on them is significant; for many companies in the energy industry, it can be a key business partner and its payment practices have a significant impact on their operations – positive actual impact short and long term Enea Group Upstream, Own operations
Political involvement Energy policy The Enea Group is a state-owned company and, along with other energy companies, it is overseen by the Minister of State Assets. Through cooperation with him, they influence the enactment of regulations favorable to their operations. Benefits to the ENEA Group’s business operations are not necessarily beneficial to sustainability. Potential negative impact short and long term Enea Group entire value chain
The Enea Group is a state-owned company and, along with other energy companies, it is overseen by the Minister of State Assets. Through cooperation with him, they influence the enactment of regulations favorable to their operations. Benefits to the ENEA Group’s business operations are often also beneficial to sustainability. Potential positive impact short and long term Enea Group entire value chain

In 2024, as a responsible participant in the energy transition, the Enea Group adopted the Enea Group’s Development Strategy until 2035. Current and future challenges, risks and opportunities in terms of climate protection and energy security are analyzed in the Strategy. The Group’s strategy was developed account being taken of the evolving environment and the need to transform energy sources towards low- and zero-emission technologies. Moreover, the dynamic development of renewable energy installations requires the power grids to be adjusted to dispersed energy sources. The Enea Group is taking strategic action to respond to these challenges and conduct its business in line with the objectives of the electricity industry transition in Poland. Changing our business model, increasing the share of renewable energy sources and building a gas-fired power plant will enable us to change our scope of influence and reduce our negative impact on the environment. In addition, the Group plans to develop an ESG Strategy that, based on the results of the Double Materiality Analysis, will mitigate negative impacts and risks and increase positive impacts and opportunities related to sustainability.

The Enea Group estimates that capital expenditures related to the implementation of the Strategy for the period 2024-2035 will amount to approximately PLN 107.5 billion. We assume that PLN 67.1 billion will be invested using the Group’s own funds while the remaining PLN 40.4 billion will be financed through strategic joint venture partnerships, under the project finance model or using other off-balance sheet forms. This will enable the Group to grow and develop while remaining financially stable.

The Group’s intended capital expenditures by area:

    10.3
    PLN billion
    Conventional power generation
    15.2
    PLN billion
    Construction of CCGT units
    36.2
    PLN billion
    Investments in renewable energy sources
    2.3
    PLN billion
    Investments in energy storage facilities
    40.9
    PLN billion
    Distribution
    1,1
    PLN billion
    Heating
    1.5
    PLN billion
    Other activities of the Enea Group

The Enea Group Development Strategy was approved in November 2024. In the reporting period, the Group did not analyze the resilience of the Strategy in terms of the ability to mitigate significant impacts and risks and to take advantage of significant opportunities.

  • Physical risk for Enea Elektrownia Połaniec – loss of revenue caused by reduction of power generation due to inability to cool the blocks (risk of heat wave),
  • Transition risk for Enea S.A. – risk of a change in demand for Enea’s services in the area of electricity
  • Transition risk for Enea Wytwarzanie – risk of asset devaluation/depreciation
  • Transition risk for Enea Elektrownia Połaniec – risk of high-emission units being pushed out of the merit order curve
  • Transition risk for Enea Operator – risk of delays and limitations in connecting new renewable energy sources to the distribution grid
  • Transition risk for Enea Operator – risk of limited possibilities of effective management of RES generation sources connected to the distribution grid
  • Transition risk for Enea Power&Gas – regulatory risk in the biomass area

There were no changes in significant impacts, risks and opportunities since the Double Materiality Analysis was conducted by the Enea Group for the first time.

Further information on material impacts, risks and opportunities and their interaction with strategy and business model can be found in the chapter on Social Disclosures in the specific sub-sections:

  • ESRS S1 Own workforce
  • ESRS S2 Workers in the value chain
  • ESRS S3 Affected communities
  • ESRS S4 Consumers and end-users
Previous page
SBM-2 – Interests and views of stakeholders
Next page
GOV-1 – The role of the administrative, management and supervisory bodies
Search results