Navigation Map Download our best practices
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.
- 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.
In the CHAPTER
GRI
- 102-7 Scale of the reporting organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 201-1 Direct economic value generated and distributed
- 102-13 Membership in associations and organizations
- 102-40 List of stakeholder groups engaged by the reporting organization
- 102-42 Basis for identification and selection of stakeholders engaged by the organization
- 102-43 Approach do engaging stakeholders, including the frequency of engagement by stakeholder type and group
- 102-44 Key issues and concerns raised by stakeholders and the organization’s response, also by reporting them
In the CHAPTER
GRI
- 102-8 Data pertaining to employees and other persons working for the organization
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 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
In the CHAPTER
GRI
- 103-3 Evaluation of the approach to management
- 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
- 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
In the CHAPTER
GRI
- 102-9 Description of the supply chain
- 102-11 Explanation of whether and how the precautionary principle is addressed by the organization
- 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
- 103-2 Approach to management and its elements
- 103-3 Evaluation of the approach to management
- 102-5 Organization’s form of ownership and legal form
- 102-18 Organization’s supervisory structure along with the commissions that report to the highest supervisory body
- 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
- 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
GRI
- 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
Read more:
- Client at the center of attention
- Innovations
- Responsible sales
- Insurance
- Banking and strategic partnerships
- Working conditions
- Employee development
- Knowledge sharing
- Enhancing safety
- Health
- Improvement of living conditions in local communities
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Products and adaptation to climate change
Business model
Employee
CSR
Environment
- Ethical foundations of business operations
- Preventing corruption and conflict of interests
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk management, taking into account non-financial risk
- Risk appetite
- PZU Group’s risk profile
- Reinsurance operations
- Polish and Baltic States insurance sector compared to Europe
- Regulations pertaining to the insurance market and the financial markets in Poland
- Non-life insurance (PZU, LINK4 and TUW PZUW)
- Life insurance (PZU Życie)
- International operations
- Contribution made by the market segments to the consolidated result
Risk and ethics
Market
Business
Financial results
Read more:
- Client at the center of attention
- Employee development
- Health
- Cultural patronage
- Practical challenges in managing direct impact
- Ethical foundations of business operations
- Diversity and respecting human rights
- Whistleblowing system
- Transaction security
- Risk appetite
- PZU Group’s risk profile
- Risk vulnerability
- Capital management
Business model
Employee
CSR
Environment
Risk and ethics
Read more:
- New approach to sales
- Working conditions
- Employee development
- Diversity and respecting human rights
Business model
Employee
Risk and ethics
Read more:
- Client at the center of attention
- Medical services (Health)
- Working conditions
- Enhancing safety
- Health
Business model
Employee
CSR
- Our impact on the natural environment
- Practical challenges in managing direct impact
- Diversity and respecting human rights
- Medical services (Health)
Environment
Risk and ethics
Business
38.3 Quantitative data
| Cash and cash equivalents carried in the statement of financial position and in the cash flow statement | 31 December 2018 | 31 December 2017 |
| Cash in the central bank 1) | 10,496 | 2,518 |
| Cash at hand and on bank accounts | 6,558 | 5,391 |
| Other | 1 | 330 |
| Cash and cash equivalents carried in the statement of financial position and in the cash flow statement, total | 17,055 | 8,239 |
1) The amount pertains to the loan loss reserve maintained by Pekao and Alior Bank on the current account kept with NBP, whose a mount is consistent with the decisions of the Monetary Policy Board.
| Movement in liabilities attributable to financial activities in the period ended 31 December 2018 | Balance at the beginning of the period | Changes resulting from cash flows | Interest accruals and payments as well as settlements of discount and premium | Foreign exchange differences | Balance at the end of the period |
| Loans received | 3,380 | 866 | 3 | 137 | 4,386 |
| Liabilities on the issue of debt securities | 9,610 | 2,228 | (29) | 200 | 12,009 |
| Bonds | 3,821 | 1,856 | 56 | 189 | 5,922 |
| Certificates of deposit | 4,541 | 65 | (64) | - | 4,542 |
| Covered bonds | 1,248 | 307 | (21) | 11 | 1,545 |
| Subordinated liabilities | 5,319 | 549 | 191 | 2 | 6,061 |
| Liabilities on account of repurchase transactions | 1,167 | (638) | 11 | - | 540 |
| Finance lease liabilities | 11 | - | (1) | - | 10 |
| Total financial liabilities | 19,487 | 3,005 | 175 | 339 | 23,006 |
| Movement in liabilities attributable to financial activities in the period ended 31 December 2017 | Balance at the beginning of the period | Changes resulting from cash flows | Interest accruals and payments as well as settlements of discount and premium | Foreign exchange differences | Change in the composition of the Group | Balance at the end of the period |
| Loans received | 305 | 69 | 92 | - | 2,914 | 3,380 |
| Liabilities on the issue of debt securities | 6,469 | 1,636 | 333 | (210) | 1,382 | 9,610 |
| Bonds | 3,680 | 287 | 64 | (210) | - | 3,821 |
| Certificates of deposit | 2,789 | 173 | 233 | - | 1,346 | 4,541 |
| Covered bonds | - | 1,176 | 36 | - | 36 | 1,248 |
| Subordinated liabilities | 1,027 | 3,936 | 356 | - | - | 5,319 |
| Liabilities on account of repurchase transactions | 178 | (654) | (105) | - | 1,748 | 1,167 |
| Finance lease liabilities | 3 | - | 1 | - | 7 | 11 |
| Total financial liabilities | 7,982 | 4,987 | 677 | (210) | 6,051 | 19,487 |
