Integrated Report of KGHM Polska Miedź S.A.
and the KGHM Polska Miedź S.A. Group
for 2020

Our stakeholdres

Since the inception of the KGHM Polska Miedź S.A. Group, a good relationship with our stakeholders, based on mutual understanding and trust, is crucial for the Group.

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Dialogue and cooperation is invaluable for KGHM. As a global company, we invest in local communities and support the development strategies of our surroundings. The pandemic has not stopped our CSR activities – we moved some of the projects to the virtual world and consequently were able to maintain a broad audience. We are developing employee volunteerism, cooperating with local governments and initiating numerous educational programs benefiting not only our employees but the entire community of the Copper Basin.

Lidia Marcinkowska-Bartkowiak
Executive Director for Communication at KGHM

The Group exerts a significant impact on its economic, social and natural environment, of which it is fully aware and for which it accepts full responsibility. Cooperation, as one of the company’s values, is the basis for its success in business and social activities. The Group builds relationships with stakeholders based on partnership and complete transparency, with an awareness of their importance in its long-term strategy and sustainable approach to business and its growth. The basis of this process is dialogue geared towards learning about mutual expectations and capabilities and implementing agreements.

In 2020, discussion meetings were held among the top management staff of KGHM Polska Miedź S.A. and the KGHM Group, in order to determine the levels of changes in the force of interest and the force of influence of individual stakeholders and the organisation in respect to key stakeholders. It was determined during the meetings that the identification of key stakeholders of the KGHM Polska Miedź S.A. Group did not change in 2020. They are presented below:

Map of key stakeholders in the KGHM Polska Miedź S.A. Group in 2020
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The above indicates that the resulting reporting aspects by the KGHM Polska Miedź S.A. Group remained without major changes in 2020 as compared to 2019. However, it was noted that even more weight should be attached to environmental issues, especially in terms of climate protection and resource efficiency, also in the context of the European Union implementing the European Green Deal strategy.

Without copper
Green Deal is impossible.

In March 2020, the Management of KGHM Polska Miedź S.A. met with the representatives of EU institutions in Brussels. In the headquarters of Business & Science Poland, they discussed the future of the copper sector in the European Union. KGHM emphasizes that copper is a key raw material for implementing the idea of a climate-neutral Europe and therefore support from the mining and smelting industry is so important.

Actions aimed at achieving climate neutrality by 2050 are a priority for the European Commission.  Among other things, KGHM Polska Miedź S.A. has proposed to the EU that the raw materials sector be included, as an energy-intensive industry, in the framework for which EU funds will be available as well as support for innovation and investments in advanced technologies. The Company’s Strategy assumes that, by the end of 2030, 50% of KGHM Polska Miedź S.A.’s demand for electricity will be satisfied by its own sources and renewable energy sources.

In its arguments, KGHM Polska Miedź S.A. also points to, among other things, increasing competition from carbon-intensive Asian economies and the necessity to maintain the innovative character of Europe as well as its further unimpeded economic and social and cultural development.

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In its relations with clients, employees, external partners and local communities, the KGHM Polska Miedź S.A. Group complies with the laws which are in effect in the countries where it operates. The Group also complies with voluntary obligations resulting from ISO and ASTM standards as well as from membership in international organisations such as the International Copper Association, the European Precious Metals Federation, Eurometaux, Euromines, the London Bullion Market Association, the European Technology Platform on Sustainable Mineral Resources, the European Innovation Partnership, and domestic organisations, including: the Polish Association of Listed Companies, Association of Non-Ferrous Metals Engineers and Technicians, the Economic Chamber of Non-Ferrous Metals and Recycling, the Polish Committee of the World Mining Congress, the Polish Chamber of Chemical Industry, the Polish-Canadian Chamber of Commerce, the Polish Chamber of Commerce for High Technology, and the Employers’ Organisation of Polish Copper. The KGHM Polska Miedź S.A. Group does not participate in undertakings which involve breaking the law and pose a threat to its reputation.

The KGHM Group is involved in the implementation of initiatives under the European Green Deal concept announced on 13 December 2019 and Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) of June 2017 as well as the Communication from the European Commission 2019/C 209/01 of 19 June 2019, Guidelines on non-financial reporting: Supplement on reporting climate-related information. KGHM Polska Miedź S.A. notes that many of the proposals included by the above documents have already been implemented in the past as it followed the path of sustainable and environmentally responsible development.

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