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Interactive navigation is a tool that goes beyond the standard navigation of the integrated content (available in the report drop-down bar). New approach allowed to navigate in the two additional business dimensions of the PZU Group, i.e .:
  • strategy (insurance, health, investments, finances);
  • sustainable development (sales, employees, social responsibility, natural environment and ethics).
The above-mentioned areas were additionally supplemented with related GRI indicators, within each selected issue.
Employees
Society
Ethics
Environment
Products
Overview
Health
Banking
Investments
Insurance
Business
practices
Non-financial data
Strategic data

In the Chapter

PZU Group Overview
PZU Group’s financial effectiveness
Business model [UoR] [IIRC]
PZU Group’s value creation model
Structure of the PZU Group
Non-life insurance (PZU, LINK4 and TUW PZUW)
Life insurance (PZU Życie)
Banking (Bank Pekao, Alior Bank)
Mutual funds and Employee Capital Schemes (TFI PZU)
International operations
Medical services (Health)
Pension funds (PTE PZU)
Other operating areas

GRIs

102-7 Scale of the reporting organization
201-1 Direct economic value generated and distributed

In the Chapter

Employee issues
Human Capital Management
Working conditions
Employee development
Knowledge sharing

GRIs

102-8 Data pertaining to employees and other persons working for the organization
103-2 Approach to management and its elements
401-1 New employee hires and employee turnover
403-2 403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
404-1 Average number of hours of training per year per employee
404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and facilitating the retirement process
404-3 Percentage of employees subject to regular assessments of work quality and professional development reviews, by gender and employment category
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary

In the Chapter

PZU Group’s social commitment
Safety
Health
Cultural patronage
Improvement of living conditions in local communities

GRIs

102-12 Externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
103-2 Approach to management and its elements

In the Chapter

Business in the face of climate change
Direct environmental impact

GRIs

103-2 Approach to management and its elements
301-1 Raw materials/materials used by weight and volume
302-1 Energy consumption by the organization, taking into account the types of raw materials
302-4 Reduction of consumption of energy
303-1 Total water consumption by source
305-1 Total direct GHG emissions (Scope 1)
305-2 Electricity indirect GHG emissions (Scope 2)
305-3 Other indirect GHG emissions (Scope 3)
305-4 GHG emissions intensity
307-1 Cash value of penalties and total number of non-financial sanctions for non-compliance with the law and/or regulations on environmental protection

In the Chapter

Ethical foundations of business operations
Corporate governance and risk management, giving consideration to ESG and climate factors
Preventing corruption and conflict of interests
Diversity and respecting human rights
Whistleblowing system
Transaction security
Cooperation with supplier

GRIs

102-5 Organization’s form of ownership and legal form
102-9 Description of the supply chain
102-11 Explanation of whether and how the precautionary principle is addressed by the organization
102-12 Externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-15 Description of key impacts, opportunities and risks
102-16 Organization’s values, code of ethics, principles and norms of behavior
102-17 Internal and external mechanisms making it possible to obtain advice regarding the behaviors in ethical and legal issues and issues associated with the organization’s integrity
102-18 Organization’s supervisory structure along with the commissions that report to the highest supervisory body
103-2 Approach to management and its elements
103-3 Evaluation of the approach to management
205-1 Actions assessed in terms of threats associated with corruption
205-2 Communication and training on anti-corruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for cases of violating the principles of free competition and monopolistic practices
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Total number of discrimination cases and corrective measures taken in this regard
419-1 Non-compliance with the law and socio- economic regulations

In the Chapter

PZU Group’s new operating model
Insurance
Health
Banking and strategic partnerships
Management of the PZU Group’s brands
Client at the center of attention
Innovations
Responsible sales
Cybersecurity

GRIs

103-2 Approach to management and its elements
G4-FS13 Access points to sparsely populated areas that are less economically developed
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons
G4-FS15 Policies for the fair design and sale of financial products and services
417-1 Internal requirements concerning the labeling of products and services and information regarding them
417-2 Incidents of non-compliance with regulations and voluntary codes concerning the labeling of products and services and information regarding them
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss

In the Chapter

Operating model
PZU Group’s financial effectiveness
Digitization – the future of insurance undertakings
Client at the center of attention
Innovations
Responsible sales
Cybersecurity
Climate
Business in the face of climate change
Direct environmental impact
Employee
Working conditions
Employee development
Knowledge sharing
Risk and ethics
Safety
Corporate governance and risk management, giving consideration to ESG and climate factors
Preventing corruption and conflict of interests
Diversity and respecting human rights
Whistleblowing system
Transaction security
Cooperation with suppliers
Dialogue with the environment
Risk appetite
PZU Group’s risk profile
Reinsurance operations
Business
Polish and Baltic States insurance sector compared to Europe
Non-life insurance (PZU, LINK4 and TUW PZUW)
Life insurance (PZU Życie)
International operations
Insurance
Contribution made by the market segments to the consolidated result

In the Chapter

Operating model
Client at the center of attention
Responsible sales
Climate
Direct environmental impact
Employee
Working conditions
Employee development
CSR
PZU Group’s social commitment
Risk and ethics
Ethical foundations of business operations
Corporate governance and risk management, giving consideration to ESG and climate factors
Diversity and respecting human rights
Whistleblowing system
Transaction security
Market
Polish banking sector compared to Europe
Banking (Bank Pekao, Alior Bank)
Banking and strategic partnerships
Risk appetite
PZU Group’s risk profile
Business
Contribution made by the market segments to the consolidated result
Banking sector on the Warsaw Stock Exchange

In the Chapter

Operating model
Client at the center of attention
Climate
Business in the face of climate change
Employee
Working conditions
Risk and ethics
Ethical foundations of business operations
Diversity and respecting human rights
Business
Situation on the financial markets
Banking (Bank Pekao, Alior Bank)
Mutual funds and Employee Capital Schemes (TFI PZU)
Contribution made by the market segments to the consolidated result

In the Chapter

Operating model
Client at the center of attention
Health
Employee
Working conditions
Employee development
Risk and ethics
Diversity and respecting human rights
Whistleblowing system
Business
Medical services (Health)

In the Chapter

Operating model
Client at the center of attention
Innovations
Responsible sales
Cybersecurity
Climate
Business in the face of climate change
Direct environmental impact
Employee
Working conditions
Employee development
Knowledge sharing
CSR
PZU Group’s social commitment
Safety
Health
Improvement of living conditions in local communities
Risk and ethics
Ethical foundations of business operations
Corporate governance and risk management, giving consideration to ESG and climate factors
Preventing corruption and conflict of interests
Diversity and respecting human rights
Transaction security
Cooperation with supplier
Dialogue with the environment
a a a

34.3 Quantitative data

Annual Report 2019 > 34.3 Quantitative data
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Derivatives as at 31 December 2019 Base amount by maturities Assets Liabilities
  Up to 3 months Over 3 months up to 1 year Over 1 year to 5 years Over 5 years Total    
Related to interest rates 27,485 76,367 125,874 40,309 270,035 2,402 2,483
Fair value hedging instruments – SWAP transactions - 471 1,522 955 2,948 1 161
Cash flow hedging instruments – SWAP transactions 768 3,994 16,385 7,192 28,339 459 479
Instruments carried as held for trading, including: 26,717 71,902 107,967 32,162 238,748 1,942 1,843
– FRA transactions 628 - - - 628 - -
– SWAP transactions 25,610 68,418 105,006 31,868 230,902 1,933 1,841
– call options (purchase) 252 241 2,406 267 3,166 2 1
– put options (sale) - 1,976 189 27 2,192 7 1
– cap floor options 227 1,267 366 - 1,860 - -
Related to exchange rates 40,008 21,368 9,341 42 70,759 540 420
Cash flow hedging instruments – SWAP transactions 3,113 2,550 - - 5,663 83 25
Instruments carried as held for trading, including: 36,895 18,818 9,341 42 65,096 457 395
– forward contracts 8,631 7,243 4,570 - 20,444 170 169
– SWAP transactions 23,067 4,445 1,393 42 28,947 192 133
– call options (purchase) 2,568 3,565 1,683 - 7,816 49 19
– put options (sale) 2,629 3,565 1,695 - 7,889 46 74
Related to prices of securities 439 2,859 2,376 - 5,674 119 72
– forward contracts 26 - 1 - 27 - -
– call options (purchase) 227 1,469 1,383 - 3,079 118 4
– put options (sale) 186 1,390 992 - 2,568 1 68
Related to commodity prices 1,064 1,408 693 - 3,165 46 43
– forward contracts 151 73 - - 224 7 5
– SWAP transactions 377 864 440 - 1,681 14 14
– call options (purchase) 324 471 253 - 1,048 21 4
– put options (sale) 212 - - - 212 4 20
Total 68,996 102,002 138,284 40,351 349,633 3,107 3,018
34.3_a_en.xlsx
   
Derivatives as at 31 December 2018 Base amount by maturities Assets Liabilities
  Up to 3 months Over 3 months up to 1 year Over 1 year to 5 years Over 5 years Total    
Related to interest rates 21,889 70,485 111,548 32,426 236,348 1,971 2,933
Fair value hedging instruments – SWAP transactions 262 128 1,408 1,535 3,333 21 144
Cash flow hedging instruments – SWAP transactions 3,150 4,234 10,336 6,323 24,043 374 770
Instruments carried as held for trading, including: 18,477 66,123 99,804 24,568 208,972 1,576 2,019
– FRA transactions 7,609 7,100 300 - 15,009 2 2
– SWAP transactions 10,208 56,405 94,891 24,486 185,990 1,564 2,012
– call options (purchase) 330 1,719 2,883 54 4,986 6 2
– put options (sale) 330 899 1,730 28 2,987 4 3
Related to exchange rates 40,041 17,290 4,803 43 62,177 302 250
Fair value hedging instruments – SWAP transactions 2,438 688 - - 3,126 31 1
Instruments carried as held for trading, including: 37,603 16,602 4,803 43 59,051 271 249
– forward contracts 10,259 9,537 1,661 - 21,457 92 131
– SWAP transactions 24,792 2,351 952 43 28,138 115 54
– call options (purchase) 1,201 2,230 1,107 - 4,538 46 22
– put options (sale) 1,351 2,484 1,083 - 4,918 18 42
Related to prices of securities 2,108 1,186 2,149 - 5,443 78 49
– forward contracts 326 211 243 - 780 10 13
– call options (purchase) 353 590 1,906 - 2,849 66 2
– put options (sale) 1,429 385 - - 1,814 2 34
Related to commodity prices 1,752 2,295 620 - 4,667 136 133
– forward contracts 895 18 - - 913 35 34
– SWAP transactions 529 372 72 - 973 46 45
– call options (purchase) 205 1,084 324 - 1,613 21 5
– put options (sale) 123 821 224 - 1,168 34 49
Total 65,790 91,256 119,120 32,469 308,635 2,487 3,365
34.3_b_en.xlsx