ESG Report of the Enea Capital Group for 2023

Non-financial risks

Enea Group’s corporate risks3) include non-financial risks linked with the potential negative impact in the Employee-related, social, environmental and anti-corruption areas.

3) According to the definition used in the regulations on the ERM process, risks are deemed to be corporate risks if the probability of their materialising is assessed as greater than 10 percent.

Risk mitigation in the analysed areas

Risk Risk management methods
Generation gap risk
  • ensuring an motivationalremuneration system,
  • activities in the area of employer branding, aiming to win the best candidates in job recruitments, including activities targeted at students and graduates,
  • patronage programmes in technical and vocational schools.
Risk of a loss of competence
  • recruitment processes,
  • training and other forms of Employee education,
  • ongoing monitoring of turnover rate,
  • activities implemented under the Personnel Policy (career paths, succession),
  • payment of rewards for task completion and continued assignment and review of objectives,
  • provision of a hybrid work option for some of the Employees.
Risk of accidents at work and occupational diseases
  • occupational health and safety (OHS) training,
  • inspections of working conditions,
  • activities promoting safe behaviour and work methods,
  • updating of occupational risk assessments,
  • OHS knowledge contests,
  • analysis of accidents and implementation of actions aimed at reducing the risk levels.
Risk of unavailability of Employees as a result of an epidemic
  • complying with the recommendations of the Ministry of Health and the Chief Sanitary Inspectorate.
Risk of information leaks by unauthorised Employees
  • reminders of measures required in accordance with the established rules of complaint circulation,
  • reminders that the media contacts are handled by Enea’s spokespersons,
  • permanent information banner in the Knowledge Base and EC Bulletin,
  • cooperation with the Communication Division of Enea SA.

Risk Risk management methods
Risk of improper management of information in a crisis situation
  • applying such communication procedures in crises that mitigate the risk of providing incomplete or delayed information,
  • maintaining efficient communication channels with key business units,
  • regular anti-crisis workshops.
Reputational risk
  • maintaining proper communication with stakeholders
  • awareness raising among Employees,
  • undertaking environmental initiatives.
Risk of social turmoil, deterioration of relations with social partners associated with the pursuit of significant organisational or business changes
  • active and open dialogue with social stakeholders in respect of information about the company’s operations,
  • proper selection of internal communication media.
Risk of social turmoil, deterioration of relations with social partners associated with the pursuit of significant organisational or business changes
  • verifying Customers on the sanction list,
  • updating the sanction list on an ongoing basis.

Risk Risk management methods
Risk of malfunction of FGD, SCR and/or electrostatic precipitators due to a failure of these units, which may cause an increase in atmospheric emissions
  • continuous measurements and control measurements subcontracted to independent providers.
Risk of reducing or ceasing the activity due to a failure to obtain valid environmental decisions and permits
  • cooperation with leading law firms,
  • cooperation with the Mazowiecko-Świętokrzyskie Ornithological Society,
  • cooperation with the Inland Fishery Institute in Olsztyn,
  • amendments to integrated permits and applications for environmental decisions,
  • submitting a request to discontinue the proceedings to the Regional Director for Environmental Protection in Warsaw.
Risk of failure to comply with the applicable environmental permits and decisions
  • ongoing monitoring of water level and temperature in the Vistula River and taking relevant measures in the case of, among others, very low or very high water levels or increase in water temperature,
  • periodic maintenance of the flexible weir and the purchase of a new flexible weir,
  • preventive activities,
  • maintenance of the required level of strategic spare parts for protective devices,
  • ongoing inspections of installations and technical condition of electrostatic precipitators.
Risk of causing damage to elements of natural environment in connection with the operation of or execution of investment projects in the electricity distribution area
  • comprehensive inspections of facilities,
  • removal of the effects of failures and damage to power lines and devices.
Risk of improper management of hazardous waste
  • verification of potential waste consignees to conclude contracts on hazardous waste management with entities that hold competencies necessary for the final waste treatment.
Risk of biomass fire
  • maintenance of technical infrastructure – ensuring the operational readiness of equipment and
  • installations protecting people and infrastructure,
  • strict observance of approved procedures and instructions,
  • regular training of Employees, raising the awareness of potential risks,
  • fire safety inspections of the biomass stored in outdoor yards,
  • monitoring biomass windrows with thermal imaging cameras.
Risk of spontaneous combustion of coal due to oxidation, or ignition of coal dust caused by high temperature
  • measurement of coal temperature in storage yards,
  • replacement of coal with longer storage time in storage yards,
  • compacting heaped coal layers on storage yards and the slopes on side yards.
Risk of limitation of electricity generation from bituminous coal due the radical reduction of atmospheric emissions of pollution planned by the European Commission
  • lobbying the European Commission for a change/ relaxation of the current climate policy,
  • development and implementation of a CO2 emissions reduction concept,
  • searching for technologies aimed to reduce the levels of CO2 and other pollutants in flue gases.

Risk Risk management methods
Corruption risk in the Enea Group
  • raising corruption awareness among the Employees,
  • periodic monitoring and reporting on incidents of corruption,
  • support from Compliance.
Risk of conflicts of interests in the Enea Group
  • raising awareness among the Employees as regards avoiding conflicts of interests,
  • periodic monitoring and reporting on conflict of interests situations,
  • support from Compliance.
Risk of unfair competition in the Enea Group
  • raising awareness among the Employees as regards unfair competition,
  • periodic monitoring and reporting on cases of unfair competition,
  • support from Compliance.
Risk of non-compliance or lack of legitimacy of normative acts and secondary acts of the Enea Group
  • regulating the process of adopting, amending, repealing and announcing normative acts and secondary acts of the Enea Group,
  • advisory from Compliance,
  • issuing opinions on draft new regulations and proposals of amendments to or repeals of existing ones.
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