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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.
Human capital
Financial capital
Intellectual capital
Natural capital
Social capital
Policies
Health
Banks
Investments
Insurance
BUSINESS
PRACTICES
Capitals (IIRC)
Business

In the Chapter

CSR strategy (2017-2020)
Client at the center
Responsible sales
Cybersecurity
Human capital management
Working conditions
Employee development
Knowledge sharing
Diversity and respecting human rights
PZU Group’s social commitment
Improvement of living conditions in local communities
Direct and indirect impact on the natural environment
ESG risks
Whistleblowing System
Ethical foundations of doing business
Preventing corruption and conflicts of interest
Transaction security
Tax transparency
Cooperation with suppliers
Application of corporate governance rules
PZU's investor relations

GRIs

102-8 Information on employees and other workers
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-15 Description of key impacts, opportunities and risks
102-16 Organization’s values, code of ethics, principles and norms of behavior
102-17 Mechanisms for advice and concerns about ethics; 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
102-20 Executive-level responsibility for environmental, social and corporate governance topics
102-41 Employees subject to collective bargaining agreements
103-2 Approach fto management and its components
103-3 Evaluation of the management approach
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
207-1 Approach to tax
207-2 Tax governance, control, and risk management
207-3 Stakeholder engagement and management of concerns related to tax
207-4 Country-by-country reporting
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
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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
401-1 New employee hires and employee turnover
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 transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss
419-1 Non-compliance with laws and regulations in the social and economic area
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
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary

In the Chapter

Employee matters
Human capital management
Working conditions
Employee development
Knowledge sharing
Additional HR data
Diversity and respecting human rights

GRIs

102-8 Information on employees and other workers
102-41 Employees subject to collective bargaining agreements
103-2 Approach to management and its components
103-3 Evaluation of the management approach
401-1 New employee hires and employee turnover
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
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 transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary

In the Chapter

About the Group
Financial effectiveness

List of GRIs

102-1 Name of the organization
102-2 Description of the organization’s activity, primary brands, products, and/or services
102-4 Location of organization’s headquarters
102-6 Markets served
102-7 Scale of the organization
201-1 Direct economic value generated and distributed (taking into account revenues, operating expenses, employee salaries, subsidies and other investments for communities, retained profits and disbursements for capital owners and state institutions)
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons

In the Chapter

Business in the face of climate change
Direct and indirect impact on the natural environment

GRIs

102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
103-2 Approach to management and its components
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
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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

In the Chapter

Client at the center
Innovations
Responsible sales
Cybersecurity

GRIs

102-15 Description of key impacts, opportunities and risks
103-2 Approach to management and its components
103-3 Evaluation of the management approach
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss
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

In the Chapter

PZU Group’s social commitment
Medical care
Safety
Cultural patronage
Improvement of living conditions in local communities

GRIs

102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
103-2 Approach to management and its components
103-3 Evaluation of the management approach

In the Chapter

Stakeholders
Contribution made by the market segments to the consolidated result
Polish and Baltic States insurance sector compared to Europe
Insurance
Non-life insurance (PZU, LINK4 and TUW PZUW)
Life insurance (PZU Życie)
Insurance (international operations)
About the Group
Financial effectiveness
Client at the center
Innovations
Responsible sales
Cybersecurity
Working conditions
Employee development
Knowledge sharing
Diversity and respecting human rights
Medical care
Safety
Improvement of living conditions in local communities
Business in the face of climate change
Direct and indirect impact on the natural environment
Risk appetite
PZU Group's risk profile
Reinsurance operations
Preventing corruption and conflicts of interest
Whistleblowing System
Transaction security
Cooperation with suppliers

GRIs

102-1 Name of the organization
102-2 Description of the organization’s activity, primary brands, products, and/or services
102-4 Location of organization’s headquarters
102-6 Markets served
102-7 Scale of the organization
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-13 Membership in associations and organizations
102-15 Description of key impacts, opportunities and risks
102-17 Mechanisms for advice and concerns about ethics; 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
102-40 List of stakeholder groups engaged by the reporting organization
102-41 Employees subject to collective bargaining agreements
102-42 Basis for identification and selection ofstakeholders engaged by the organization
102-43 Approach to stakeholder engagement, including the frequency of engagement
102-44 Approach to stakeholder engagement, including the frequency of engagement
103-2 Approach to management and its components
103-3 Evaluation of the management approach
201-1 Direct economic value generated and distributed (taking into account revenues, operating expenses, employee salaries, subsidies and other investments for communities, retained profits and disbursements for capital owners and state institutions)
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
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
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
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 transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Incidents of discrimination and corrective actions taken
417-1 Internal requirements for product and service information and labeling
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications
418-1 Substantiated complaints regarding breaches of client privacy and data loss
419-1 Non-compliance with laws and regulations in the social and economic area
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
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary

In the Chapter

Contribution made by the market segments to the consolidated result
Polish banking sector compared to Europe
Banking and strategic partnerships
Banking (Bank Pekao, Alior Bank)
About the Group
Client at the center
Innovations
Responsible sales
Working conditions
Employee development
Diversity and respecting human rights
PZU Group’s social commitment
Improvement of living conditions in local communities
Business in the face of climate change
Direct and indirect impact on the natural environment
Risk appetite
PZU Group's risk profile
Capital management
Ethical foundations of doing business
Preventing corruption and conflicts of interest
Whistleblowing System
Transaction security
Cooperation with suppliers
Banking sector on the Warsaw Stock Exchange

GRIs

102-1 Name of the organization
102-2 Description of the organization’s activity, primary brands, products, and/or services
102-4 Location of organization’s headquarters
102-6 Markets served
102-7 Scale of the organization
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-15 Description of key impacts, opportunities and risks
102-16 Organization’s values, code of ethics, principles and norms of behavior
102-17 Mechanisms for advice and concerns about ethics; 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
102-41 Employees subject to collective bargaining agreements
103-2 Approach to management and its components
103-3 Evaluation of the management approach
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
301-1 Raw materials/materials used by weight and volume
302-1 Zużycie energii przez organizację z uwzględnieniem rodzaju surowców
302-4 Reduction of consumption of energy
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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
403-2 Wskaźnik urazów, chorób zawodowych, dni straconych oraz nieobecności w pracy oraz liczba wypadków śmiertelnych związanych z pracą
404-1 Średnia liczba godzin szkoleniowych w roku przypadających na pracownika
404-3 Odsetek pracowników podlegających regularnym ocenom jakości pracy i przeglądom rozwoju kariery zawodowej, według płci i kategorii zatrudnienia
404-2 Managerial skill development and continuing education programs supporting continuity of employment of employees and transition assistance programs
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Incidents of discrimination and corrective actions taken
417-1 Wymogi wewnętrzne w zakresie oznakowania produktów i usług oraz informacji na ich temat
417-2 Przypadki niezgodności z regulacjami oraz dobrowolnymi kodeksami dotyczącymi oznakowania produktów i usług oraz informacji na ich temat
417-3 Przypadki niezgodności z regulacjami i dobrowolnymi kodeksami dotyczącymi komunikacji marketingowej
419-1 Niezgodność z przepisami prawa i regulacjami społeczno-ekonomicznymi
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

In the Chapter

Contribution made by the market segments to the consolidated result
Situation on the financial markets
Investments
Investments (PZU TFI)
Investments (PTE PZU)
Banking (Bank Pekao, Alior Bank)
Client at the center
Working conditions
Diversity and respecting human rights
PZU Group's risk profile
ESG risks
Transaction security

GRIs

102-15 Description of key impacts, opportunities and risks
102-41 Employees subject to collective bargaining agreements
103-2 Approach to management and its components
103-3 Evaluation of the management approach
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Incidents of discrimination and corrective actions taken
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons

In the Chapter

Health
Health (health companies)
About the Group
Client at the center
Innovations
Working conditions
Diversity and respecting human rights
Employee development
Medical care
Direct and indirect impact on the natural environment
Whistleblowing System

GRIs

102-1 Name of the organization
102-2 Description of the organization’s activity, primary brands, products, and/or services
102-4 Location of organization’s headquarters
102-6 Markets served
102-7 Scale of the organization
102-15 Description of key impacts, opportunities and risks
102-17 Mechanisms for advice and concerns about ethics; 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
102-41 Employees subject to collective bargaining agreements
103-2 Approach to management and its components
103-3 Evaluation of the management approach
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
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
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 transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Incidents of discrimination and corrective actions taken
419-1 Non-compliance with laws and regulations in the social and economic area
G4-FS14 Initiatives undertaken to improve access to financial services for disfavored persons

In the Chapter

Operating model
Stakeholders
About the Group
Financial effectiveness
Client at the center
Innovations
Responsible sales
Cybersecurity
Working conditions
Employee development
Knowledge sharing
Diversity and respecting human rights
PZU Group’s social commitment
Medical care
Safety
Improvement of living conditions in local communities
Business in the face of climate change
Direct and indirect impact on the natural environment
ESG risks
Ethical foundations of doing business
Preventing corruption and conflicts of interest
Whistleblowing System
Transaction security
Cooperation with suppliers

GRIs

102-1 Name of the organization
102-2 Description of the organization’s activity, primary brands, products, and/or services
102-4 Location of organization’s headquarters
102-6 Markets served
102-7 Scale of the organization
102-9 Description of the supply chain
102-11 Precautionary Principle or approach
102-12 External initiatives, externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses
102-13 Membership in associations and organizations
102-15 Description of key impacts, opportunities and risks
102-16 Organization’s values, code of ethics, principles and norms of behavior
102-17 Mechanisms for advice and concerns about ethics; 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
102-40 List of stakeholder groups engaged by the reporting organization
102-41 Employees subject to collective bargaining agreements
102-42 Basis for identification and selection ofstakeholders engaged by the organization
102-43 Approach to stakeholder engagement, including the frequency of engagement
102-44 Approach to stakeholder engagement, including the frequency of engagement
103-2 Approach to management and its components
103-3 Evaluation of the management approach
201-1 Direct economic value generated and distributed (taking into account revenues, operating expenses, employee salaries, subsidies and other investments for communities, retained profits and disbursements for capital owners and state institutions)
205-1 Operations assessed for risks related to corruption
205-2 Communication and training on anticorruption policies and procedures in the organization
205-3 Confirmed cases of corruption and actions taken
206-1 Legal steps taken against the organization for anti-competitive behavior, anti-trust, and monopoly practices
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
303-5 Total water consumption by source
305-1 Total direct (Scope 1) gas emissions
305-2 Total energy indirect (Scope 2) greenhouse gas emissions)
305-3 Other indirect (Scope 3) greenhouse gas emissions
305-4 GHG emissions intensity
305-5 Reduction GHG emissions
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
403-2 Rate for injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
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 transition assistance programs
404-3 Percentage of employees receiving regular performance and career development reviews, by gender and employment category
405-1 Composition of supervisory bodies and employees broken down into employee groups by gender, age and other diversity factors
406-1 Incidents of discrimination and corrective actions taken
417-2 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
417-3 Incidents of non-compliance with regulations and voluntary codes for product and service information labeling
418-1 Substantiated complaints regarding breaches of client privacy and data loss
419-1 Non-compliance with laws and regulations in the social and economic area
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
G4-FS16 Initiatives to enhance financial literacy by type of beneficiary
a a a

2.2 PZU Group companies and associates

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No.
Name of the entity
Registered office
Date of obtaining control / significant influence
 % of the share capital and
% of votes held directly or indirectly by PZU
Line of business and website
31 December 2020 31 December 2019
Consolidated insurance undertakings
1 Powszechny Zakład Ubezpieczeń SA Warsaw n/a n/a n/a Non-life insurance.
https://www.pzu.pl/grupa-pzu/spolki/pzu-sa
2 Powszechny Zakład Ubezpieczeń na Życie SA Warsaw 18.12.1991 100,00% 100,00% Life insurance.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-zycie
3 Link4 Towarzystwo Ubezpieczeń SA Warsaw 15.09.2014 100,00% 100,00% Non-life insurance.
https://www.link4.pl/
4 Towarzystwo Ubezpieczeń Wzajemnych Polski Zakład Ubezpieczeń Wzajemnych Warsaw 20.11.2015 100,00% 100,00% Non-life insurance.
https://www.tuwpzuw.pl/
5 Lietuvos Draudimas AB Vilnius (Lithuania) 31.10.2014 100,00% 100,00% Non-life insurance.
http://www.ld.lt/
6 Apdrošināšanas Akciju Sabiedrība Balta Riga, Latvia 30.06.2014 99,99% 99,99% Property insurance.
http://www.balta.lv/
7 PrJSC IC PZU Ukraine Kiev (Ukraine) 01.07.2005 100,00% 100,00% Property insurance.
http://www.pzu.com.ua/
8 PrJSC IC PZU Ukraine Life Insurance Kiev (Ukraine) 01.07.2005 100,00% 100,00% Life insurance.
http://www.pzu.com.ua/
9 UAB PZU Lietuva Gyvybes Draudimas Vilnius (Lithuania) 26.04.2002 99,34% 99,34% Life insurance.
https://pzugd.lt/
Consolidated companies – Pekao Group
10 Bank Pekao SA Warsaw 07.06.2017 20,02% 20,02% Banking services.
https://www.pekao.com.pl/
11 Pekao Bank Hipoteczny SA Warsaw 07.06.2017 20,02% 20,02% Banking services.
http://www.pekaobh.pl/
12 Pekao Leasing sp. z o.o. Warsaw 07.06.2017 20,02% 20,02% Lease services.
http://www.pekaoleasing.com.pl/
13 Pekao Investment Banking SA Warsaw 07.06.2017 20,02% 20,02% Brokerage services.
http://pekaoib.pl/
14 Pekao Faktoring sp. z o.o. Lublin 07.06.2017 20,02% 20,02% Factoring services.
https://www.pekaofaktoring.pl/
15 Pekao Towarzystwo Funduszy Inwestycyjnych SA Warsaw 11.12.2017 20,02% 20,02% Establishing, representing and managing mutual funds.
https://www.pekaotfi.pl
16 Centrum Kart SA Warsaw 07.06.2017 20,02% 20,02% Auxiliary financial services.
http://www.centrumkart.pl/
17 Pekao Financial Services sp. z o.o. Warsaw 07.06.2017 46,81%1 46,81%1 Transfer agent.
http://www.pekao-fs.com.pl/pl/
18 Pekao Direct sp. z o. o. Krakow 07.06.2017 20,02% 20,02% Call Center services.
https://www.pekaodirect.pl/
19 Pekao Property SA in liquidation2 Warsaw 07.06.2017 20,02% 20,02% Development activity.
20 FPB – Media sp. z o.o. in bankruptcy Warsaw 07.06.2017 20,02% 20,02% Development activity.
21 Pekao Fundusz Kapitałowy sp. z o.o. in liquidation Warsaw 07.06.2017 20,02% 20,02% Business consulting.
22 Pekao Investment Management SA Warsaw 11.12.2017 20,02% 20,02% Asset management.
https://www.pekaotfi.pl/tfi/welcome
23 Dom Inwestycyjny Xelion sp. z o.o.3 Warsaw 11.12.2017 20,02% 20,02% Financial intermediation.
https://www.xelion.pl/
Consolidated companies – Alior Bank Group
24 Alior Bank SA Warsaw 18.12.2015 31,93% 31,93% Banking services.
https://www.aliorbank.pl/
25 Alior Services sp. z o.o. Warsaw 18.12.2015 31,93% 31,93% Other activity supporting financial services, excluding insurance and pension funds.
26 Alior Leasing sp. z o.o. Wroclaw 18.12.2015 31,93% 31,93% Leasing services.
https://www.aliorbank.pl/wlasna-dzialalnosc/alior-leasing.html
27 Meritum Services ICB SA Gdańsk 18.12.2015 31,93% 31,93% IT services.
28 Alior TFI SA Warsaw 18.12.2015 31,93% 31,93% Asset management services and management of Alior SFIO subfunds.
https://www.aliortfi.com/
29 New Commerce Services sp. z o.o. Warsaw 18.12.2015 31,93% 31,93% Sales of non-banking products, provision of a procurement platform.
30 Absource sp. z o.o. Krakow 04.05.2016 31,93% 31,93% Service activity in the area of IT.
31 Serwis Ubezpieczeniowy sp. z o.o. Katowice 30.01.2017 31,93% 31,93% Brokerage activity.
32 Corsham sp. z o.o. Warsaw 04.02.2019 31,93% 31,93% Business consulting.
33 RBL_VC sp. z o.o. Warsaw 07.11.2019 31,93% 31,93% Venture capital fund management activities.
34 RBL_VC sp. z o.o. Harberton sp. z o.o. in liquidation4 Warsaw 19.02.2020 31,93% n/a Business consulting.
35 RBL_VC sp. z o.o. ASI SKA5 Warsaw 17.04.2020 31,93% n/a Activity of trusts, funds and similar financial institutions.
Consolidated companies – PZU Zdrowie Group
36 PZU Zdrowie SA Warsaw 02.09.2011 100,00% 100,00% Medical services.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-zdrowie
37 Centrum Medyczne Medica sp. z o.o. Płock 09.05.2014 100,00% 100,00% Medical services. 
https://www.plock.pzuzdrowie.pl
38 Sanatorium Uzdrowiskowe „Krystynka” sp. z o.o. Ciechocinek 09.05.2014 99,09% 99,09% Hospital, physical therapy and spa services.
http://www.sanatoriumkrystynka.pl/
39 Przedsiębiorstwo Świadczeń Zdrowotnych i Promocji Zdrowia ELVITA – Jaworzno III sp. z o.o. Jaworzno 01.12.2014 100,00% 100,00% Medical services. 
https://www.jaworzno.pzuzdrowie.pl/
40 Przedsiębiorstwo Usług Medycznych PROELMED sp. z o.o. Łaziska Górne 01.12.2014 57,00% 57,00% Medical services.
http://www.proelmed.pl/
41 Centrum Medyczne Gamma sp. z o.o.6 Warsaw 08.09.2015 100,00% 60,46% Medical services.
http://www.cmgamma.pl/
42 Polmedic sp. z o.o. Radom 30.11.2016 100,00% 100,00% Medical services. 
https://www.radom.pzuzdrowie.pl/
43 Centrum Medyczne św. Łukasza sp. z o.o. Częstochowa 09.01.2018 100,00% 100,00% Medical services. 
https://www.czestochowa.pzuzdrowie.pl/
44 Starówka sp. z o.o. Warsaw 03.06.2019 100,00% 100,00% Medical services.
https://www.starowkanzoz.pl/
45 Tomma Diagnostyka Obrazowa SA Poznań 09.12.2019 100,00% 100,00% Medical services.
https://tomma.com.pl/
46 Bonus-Diagnosta sp. z o.o. Poznań 09.12.2019 100,00% 100,00% Medical services.
Consolidated companies – other companies
47 Powszechne Towarzystwo Emerytalne PZU SA Warsaw 08.12.1998 100,00% 100,00% Management of pension funds.
https://www.pzu.pl/pl/grupa-pzu/spolki/pte-pzu
48 PZU Centrum Operacji SA Warsaw 30.11.2001 100,00% 100,00% Auxiliary activity associated with insurance and pension funds.
https://www.pzu.pl/grupa-pzu/spolki/pzu-centrumoperacji
49 Towarzystwo Funduszy Inwestycyjnych PZU SA Warsaw 30.04.1999 100,00% 100,00% Establishing, representing and managing mutual funds.
https://www.pzu.pl/pl/grupa-pzu/spolki/tfi-pzu
50 PZU Pomoc SA Warsaw 18.03.2009 100,00% 100,00% Provision of assistance services.
https://www.pzu.pl/grupa-pzu/spolki/pzu-pomoc
51 PZU Finance AB (publ.) Stockholm (Sweden) 02.06.2014 100,00% 100,00% Financial services.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-finance
52 PZU Finanse sp. z o.o. Warsaw 08.11.2013 100,00% 100,00% Financial and accounting services.
53 Tower Inwestycje sp. z o.o. Warsaw 27.08.1998 100,00% 100,00% Development activity, operation and lease of properties.
https://www.pzu.pl/pl/grupa-pzu/spolki/tower-inwestycje
54 Ogrodowa-Inwestycje sp. z o.o. Warsaw 15.09.2004 100,00% 100,00% Buying, operating, renting and selling real estate.
https://www.ogrodowainwestycje.pl/
55 Arm Property sp. z o.o. Krakow 26.11.2014 100,00% 100,00% Purchase and sale of real estate.
56 Ipsilon sp. z o.o. Warsaw 02.04.2009 100,00% 100,00% Provision of assistance services and medical services.
57 PZU Corporate Member Limited London (United Kingdom) 28.09.2017 100,00% 100,00% Investment activity.
58 PZU LAB SA Warsaw 13.09.2011 100,00% 100,00% Consulting and training services, development of technology innovation to support technical and procedural security processes and risk management.
https://www.pzu.pl/pl/grupa-pzu/spolki/pzu-lab
59 Omicron BIS SA Warsaw 28.08.2014 100,00% 100,00% No business conducted.
60 LLC SOS Services Ukraine Kiev (Ukraine) 01.07.2005 100,00% 100,00% Assistance services.
61 PZU CASH SA Warsaw 15.09.2017 100,00% 100,00% Other monetary intermediation.
https://www.pzu.pl/grupa-pzu/spolki/pzu-cash-sa
62 Tulare Investments sp. z o.o. Warsaw 15.09.2017 100,00% 100,00% No business conducted.
63 PZU Projekt 01 SA Warsaw 01.09.2020 100,00% n/a No business conducted.
Consolidated companies – Armatura Group
64 Armatura Kraków SA Krakow 07.10.1999 100,00% 100,00% Production and sale of radiators and sanitary fittings and administration and management of the group.
https://www.kfa.pl/
65 Aquaform SA Środa Wlkp. 15.01.2015 100,00% 100,00% Production and sale of bathroom accessories and fittings.
66 Aquaform Badprodukte GmbH in Liquidation Anhausen (Germany) 15.01.2015 100,00% 100,00% No business conducted.
67 Aquaform Ukraine ТОW Zhytomyr (Ukraine) 15.01.2015 100,00% 100,00% No business conducted.
68 Aquaform Romania SRL Prejmer (Romania) 15.01.2015 100,00% 100,00% No business conducted.
Consolidated companies – mutual funds
69 PZU SFIO Universum Warsaw 15.12.2009 n/a n/a Investment of funds collected from fund members.
70 PZU FIZ Dynamiczny w likwidacji Warsaw 27.01.2010 n/a n/a as above
71 PZU FIZ Sektora Nieruchomości7 Warsaw 01.07.2008 n/a n/a as above
72 PZU FIZ Sektora Nieruchomości 27 Warsaw 21.11.2011 n/a n/a as above
73 PZU FIZ Aktywów Niepublicznych BIS 1 Warsaw 12.12.2012 n/a n/a as above
74 PZU FIZ Aktywów Niepublicznych BIS 2 Warsaw 19.11.2012 n/a n/a as above
75 PZU FIO Globalny Obligacji Korporacyjnych Warsaw 30.05.2016 n/a n/a as above
76 inPZU Inwestycji Ostrożnych Warsaw 10.04.2018 n/a n/a as above
77 inPZU Obligacje Polskie Warsaw 10.04.2018 n/a n/a as above
78 inPZU Akcje Polskie Warsaw 10.05.2018 n/a n/a as above
79 inPZU Akcji Rynków Rozwiniętych Warsaw 10.05.2018 n/a n/a as above
80 inPZU Obligacji Rynków Rozwiniętych Warsaw 10.05.2018 n/a n/a as above
81 inPZU Obligacji Rynków Wschodzących Warsaw 10.05.2018 n/a n/a as above
82 inPZU Goldman Sachs ActiveBeta Akcje Rynków Wschodzących Warsaw 28.10.2019 n/a n/a as above
83 inPZU Goldman Sachs ActiveBeta Akcje Amerykańskich Dużych Spółek Warsaw 28.10.2019 n/a n/a as above
84 inPZU Akcje CEEplus Warsaw 28.10.2019 n/a n/a as above
85 inPZU Puls Życia 2025 Warsaw 22.10.2020 n/a n/a as above
86 inPZU Puls Życia 2030 Warsaw 22.10.2020 n/a n/a as above
87 inPZU Puls Życia 2040 Warsaw 22.10.2020 n/a n/a as above
88 inPZU Puls Życia 2050 Warsaw 22.10.2020 n/a n/a as above
89 inPZU Puls Życia 2060 Warsaw 22.10.2020 n/a n/a as above
Associates
90 GSU Pomoc Górniczy Klub Ubezpieczonych SA Gliwice 08.06.1999 30,00% 30,00% Insurance administration.
http://gsupomoc.pl/
91 PayPo sp. z o.o.8 Warsaw 15.11.2018 6,39% 6,39% Financial services.
https://paypo.pl/
92 Sigma BIS SA Warsaw 03.10.2019 34,00% 34,00% Advertising activity.
92 RUCH SA9 Warsaw 23.12.2020 30,92% n/a Retail sale of newspapers and stationery in specialized stores.
https://ruch.com.pl/

1 PZU directly holds a 33.5% equity stake in Pekao Financial Services sp. z o.o. while Pekao holds 66.5%.
2 On 1 March 2019 the company’s liquidation process was opened.
3 In December 2020 Pekao signed a preliminary sale agreement for 100% shares.
4 Additional information is presented in item 2.3.1.2.
5 On 17 April 2020, a new company was entered in the National Court Register, the founders of which are Alior Bank and RBL_VC sp. z o.o. The company’s share capital is PLN 50 thousand and is divided into 50,000 registered shares with a par value of PLN 1 each.
6 On 30 October 2020 PZU Zdrowie SA acquired the remaining shares in Centrum Medyczne Gamma sp. z o.o. and as of that date the PZU Group’s equity stake and share of votes at the shareholder meeting is 100%.
7 The funds PZU FIZ Sektora Nieruchomości and PZU FIZ Sektora Nieruchomości 2 conduct their investment activity through (consolidated) subsidiary companies established under commercial law as special-purpose vehicles the number of which as at 31 December 2020 was 18 and 14, respectively (as at 31 December 2019: 18 for each fund).
8 Alior Bank’s associate, in which it holds a 20.00% stake. Consequently, the PZU Management Board recognizes that the PZU Group has significant influence over this company. On 7 January 2021 the PZU Group sold all its shares in PayPo sp. z o.o. (on 10 February 2021 the sale was registered in the National Court Register) The transaction will not affect the PZU Group’s consolidated statements to any significant extent.
9 More information on RUCH is presented in section 2.3.1.1.

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