The TAURON Group’s 2020 Integrated Report was prepared in accordance with:
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Article 49b, clauses 1-8 and art. 55, clauses 2b-e of the Accounting Act of September 29, 1994, as subsequently amended, which implements the guidelines of the Directive of the European Parliament and of the Council 2014/95/EU of October 22, 2014, as regards disclosure of non-financial information, along with the additional, subsequent guidelines, including the European Commission Communication 2019/C 209/01 of June 20, 2019, with guidelines on non-financial reporting: Supplement on reporting climate-related information;
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Global Reporting Initiative guidelines – GRI Standards (core level).
Non-financial data was compiled on the basis of a dialogue with the stakeholders carried out according to the AA1000SES standard.
The business model, key non-financial performance indicators, policies and the due diligence procedures applied, as well as the potential risks and the risk management system, are provided in this Report from the point of view of the entire TAURON Capital Group and are presented on a consolidated basis.
The subject matter scope of the Report has not changed significantly as compared to 2019, however it has been extended by adding content related to TAURON Group in the light of the world’ greatest challenges that include the coronavirus pandemic as well as climate change and insufficiency of resources.
The Report covers those subsidiaries that are responsible for generating 98% of the Group’s revenue. As a result the following subsidiaries are included: TAURON Polska Energia, TAURON Wydobycie, TAURON Wytwarzanie, Nowe Jaworzno Grupa TAURON, TAURON Ciepło, TAURON Ekoenergia, TAURON Dystrybucja, TAURON Nowe Technologie, TAURON Dystrybucja Pomiary, Bioeko Grupa TAURON, TAURON Sprzedaż, TAURON Sprzedaż GZE, TAURON Obsługa Klienta, Kopalnia Wapienia „Czatkowice”, Spółka Usług Górniczych, TAURON Serwis, the special purpose vehicles set up to manage the wind assets, TAURON Czech Energy, TAURON Ubezpieczenia and Wsparcie Grupa TAURON. This set of companies, also included in the Financial Statements, is representative for all of the Group’s lines of business. This approach enables understanding the way they are operated, but also their impact on the environment.
TAURON Capital Group’s reporting process takes place on an annual basis (the Non-financial Report of TAURON Capital Group for 2019 was published on April 1, 2020).
Due to the growing importance of non -financial data, the Non-financial Report has been prepared for the second time in the history of TAURON Group, constituting an independent, autonomous document. Earlier the Group had conducted this reporting using a Statement on non-financial data, as a part of the Management Board’s Report on the operations of TAURON Polska Energia S.A. and the operations of TAURON Capital Group for the ended financial year.
As part of the process of drawing up the Report, documents, policies, due diligence procedures, risk management principles and other information materials related to the operations of TAURON Group were analyzed.
An external consultant representing the Institute of Accounting and Taxes (Instytut Rachunkowości i Podatków) participated in drawing up the document. All content published in the Report has also been subjected to an internal audit.