KGHM Polska Miedz SA

The Supervisory Board and its committees (Audit Committee, Strategy Committee, Remuneration Committee) supervise the activities of the Management Board. The detailed scope of responsibilities of individual committees of the Supervisory Board is described in Section 3.3.2. Description of the application – the Supervisory Board of KGHM Polska Miedź S.A. [...] The advisory body of the Management Board issuing opinions and coordinating sustainable development activities is the Sustainable Development Council, which comprises representatives of the Company's top management indicated by the President of the Management Board. The Council's main tasks include: − consultation and coordination of key activities related to the implementation of sustainable development principles and regulations in the KGHM Polska Miedź S.A. Group. − issuing opinions on information materials in the field of sustainable development, in particular in areas with impact on the environment (including climate change) and society, being essential parts of documents published outside the Company, − identifying potential elements of improvements in the entire value chain of KGHM Polska Miedź S.A. based on the sustainable development concept. [...] On 1 October 2023, the Company established in its operational structure an organisational unit responsible for coordinating the implementation of the idea of sustainable development in the KGHM Group (ESG Unit), reporting to the Executive Director for Head Office and Strategy in the division of the President of the Management Board of KGHM Polska Miedź S.A. The ESG Unit is responsible for, among others: − developing and improving sustainable development management processes in the KGHM Group, including using IT systems and tools, − development of the ESG Strategy, plans for its implementation and monitoring of the advancement of its implementation, − coordination of non-financial reporting in the KGHM Group, − cooperation with organisational units in KGHM and ESG coordinators in KGHM Group companies, − coordination of the work and administrative support of the Sustainable Development Council, − reporting of ESG information for the needs of Company's bodies, − cooperation with external stakeholders supporting the realisation of sustainable development goals. Moreover, ESG coordinators were appointed in November 2023 in the KGHM Polska Miedź S.A. Group's subsidiaries, cooperating with the ESG unit at the KGHM Head Office. The coordinators' tasks include, among others, acquiring data and information related to sustainable development from companies for the purposes of non-financial reporting. In 2024, it is planned that internal system solutions and procedures describing the details of the sustainable development management process in the KGHM Group will be developed and established, including its participants, roles and responsibilities and a comprehensive reporting system inside and outside the organisation."
"Lobbying activities in KGHM Polska Miedź S.A. are supervised by the Vice President of the Management Board (Corporate Affairs) and the Executive Director for Legal Affairs. [...] Internal regulations were implemented in the Company with the aim of coordinating the membership of KGHM Polska Miedź S.A. in national and international economic and sector organisations and establishing the principles for participation of KGHM representatives in the activities of these organisations. Regulations have been introduced with regard to the Map of External Regulations (MER), which provides a structured database of information on draft legislation. This information provides an input to the compliance management process consistent with the corporate risk management process.

These are real activities related to participation in the Horizon 2020 Framework Programme, the EIT Raw Materials KIC initiative and active policy-making at High Level Group meetings. [...] A representative of KGHM was appointed President of the European Technology Platform for Sustainable Mineral Resources in Brussels. [...] The Platform has an advisory role in raw materials policy making to the EIP.

This phase was implemented in a project format, consisting of an Operational Team and a Steering Committee that reviewed the work of the various work streams. The project structure and personnel were identified under an order of the President of the Management Board concerning the development and implementation of the Climate Policy of KGHM Polska Miedź S.A. Each work stream of the Operational Team consisted of a group of several to as many as several dozen people, representing both management staff and experts in particular areas of the company's and the Group's operations. [...] Streams were dedicated to issues related to different aspects of the project - from direct emissions issues to topics in the areas of management and communication.

The Resolution on the acceptance for application of the Climate Policy of KGHM Polska Miedź S.A. was the culmination of work which, in accordance with the announcements contained, among others, in the 2019 Report on Non-Financial Information of KGHM Polska Miedź S.A. and the KGHM Polska Miedź S.A. Group, had already been underway for more than two years. The multi-faceted regulatory and strategic analyses initiated at the time had shown that the European Community's climate ambitions would have a key impact not only on the environment, but also on the Company's competitiveness in international markets and on its production economics. At the same time, all information and data related to the Company's greenhouse gas emissions issues were collected, aggregated and processed. All these activities made it possible to estimate the scale of the project and to create a preliminary work plan for it. In the next phase of work, the Company obtained the support of a renowned project consultant. The cooperation with the advisor was inaugurated by a special workshop, during which senior managers were able to learn about the conditions of project implementation, the work schedule and the role of individual organisational units in the entire process. This phase was carried out in a project group format, consisting of an Operational Team and a Steering Committee that reviewed the work of the various project streams. The project structure and personnel composition were set based on an Order of the President on the development and implementation of the Climate Policy of KGHM Polska Miedź S.A. Each project stream of the Operational Team consisted of a group comprising several to as many as several dozen persons, representing both management personnel and experts from specific areas of the Company's and the KGHM Group's operations. The streams were dedicated to issues related to different aspects of the project – from issues directly related to emissions, to topics in the areas of management and communication.

The cooperation with the advisor was inaugurated by a special workshop, during which senior managers were able to learn about the conditions of project implementation, the work schedule and the role of individual organisational units in the entire process. This phase was carried out in a project group format, consisting of an Operational Team and a Steering Committee that reviewed the work of the various project streams. The project structure and personnel composition were set based on an Order of the President on the development and implementation of the Climate Policy of KGHM Polska Miedź S.A. Each project stream of the Operational Team consisted of a group comprising several to as many as several dozen persons, representing both management personnel and experts from specific areas of the Company's and the KGHM Group's operations. The streams were dedicated to issues related to different aspects of the project – from issues directly related to emissions, to topics in the areas of management and communication.

This phase was implemented in a project format, consisting of an Operational Team and a Steering Committee that reviewed the work of the various work streams. The project structure and personnel were identified under an order of the President of the Management Board concerning the development and implementation of the Climate Policy of KGHM Polska Miedź S.A. Each work stream of the Operational Team consisted of a group of several to as many as several dozen people, representing both management staff and experts in particular areas of the company's and the Group's operations. Streams were dedicated to issues related to different aspects of the project - from direct emissions issues to topics in the areas of management and communication.