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As a large business entity operating in a sector which is of strategic importance to the country, we are aware of the extent of our impact on the surroundings.

Due to the fact that we have many groups of stakeholders, we are a party to many relations which we are seeking to build with each one of them.

In each and every case, we support our collaboration on PRO values, i.e. Partnership, Growth, Courage, in order to achieve joint objectives in the most effective way. Initiatives in that field are carried out by individual Group companies as well as the TAURON Foundation.

We actively pursue the good neighborhood policy

Several assets of the TAURON Group located across southwestern Poland – power plants, CHPs, mines, distribution grids – all make us co-responsible for the environment in which they operate.

 

The Group companies are building relations with local communities both in the area of minimizing the environmental impact and in the area of engaging the residents who live next to TAURON’s plants.

[SO-DMA] The management approach to cooperation with local communities was included in communication management strategies for individual investment projects. These strategies must comply with the Principles of Cooperation in the External and Internal Communication Management Area in the TAURON Group. The principles governing communication with local communities incorporate the requirements stipulated in the Information Policy of the TAURON Group. This applies in particular to principles governing communication in the area of management of stock market information and investor relations, and the principles of communication in crisis situations.

[G4-SO1] Almost 100 events dedicated to the various groups of shareholders took place in TAURON Group in 2016. In 12% of them local communities were involved.

GOOD PRACTICE - If you don’t know someone, don’t open the door

Educational campaign devoted to the problem of fraudulent practices used by dishonest door-to-door salespersons offering services and contracts. The campaign presents the problem in broad context, and it points to the electricity market as the market which is significantly exposed to abuses. The initiative aims at the elderly which are one of the sensitive client groups.

Activities in 2016:

  1. June and November/December – ATL/BTL campaign (local TV, local radio, local press), target group: 55+. Reaching up to approx. 10 million people, mostly seniors.
  2. Senior’s Cinema Tuesday – campaign carried out from September to December in almost 50 cinemas. On a designated Tuesday in every month, seniors were given cinema ticket price discounts. Before the movie, they watched an educational spot entitled “TAURON doesn’t send door-to-door salesman to customers’ homes…”. In total, approx. 20 thousand seniors went to the cinema as part of the campaign.
  3. In total, more than 1000 people attended 20 lectures by investigative journalist Michał Fajbusiewicz entitled “If you don’t know someone, don’t open the door”, which were held in October and November. The campaign was accompanied by local advertising: posters, invitations and announcements in internet portals. Activists devoted to senior citizen issues were awarded diplomas.

GOOD PRACTICE - Co-participation in Earth Day observations

The main point of the event, which was organized in collaboration with the Culture and Sports Center in Krzeszowice, was the colorful parade of children dressed as frogs. The event was inspired by discovery of a prehistoric frog fossil in “Czatkowice” Limestone Mine. This is the largest event for children in the entire township of Krzeszowice.

GOOD PRACTICE – Out stork campaign

Storks are increasingly frequently building their nests on utility poles. Unfortunately, power lines pose threat to their lives. The biggest hazard to birds and nestlings is posed by non-insulated electrical wires. Moreover, stork nests, which are growing every year, can weigh up to as much as several hundred kilograms, and can be the culprit of serious power grid failures.

Every year, we clean nests and move them to special platforms installed above overhead cables with live current. This allows young storks to grow up in a safe nest, and TAURON Dystrybucja can maintain its grids in good technical condition. In addition, we organize training for employees to educate them how to handle the birds, professionally prepare the nest and safely place it on the platform. Injured animals, for example those that fell out of the nest, are transported by utility employees to specialist centers. Moreover, during last year’s severe winter, many company employees were feeding the storks.

Noble Package

Szlachetna Paczka (Noble Package) is a Polish-wide assistance program for families experiencing economic hardships run by Stowarzyszenie WIOSNA (SPRING Association) since 2000. Once again, TAURON Wydobycie has put together a Noble Package for families residing in Jaworzno and Libiąż. Thanks to involvement of company employees, we were able to prepare the bundles containing the items needed by the families. The campaign builds a positive image among the company employees and in the community.

We develop partnerships with universities

TAURON is undertaking several initiatives aiming at devising an optimal cooperation model between science and industry – one that would correspond to the Group’s needs and allow full utilization of the Polish researchers’ potential. In addition, important objectives of collaboration with academic centers include preventing the formation of competence gaps and recruitment of staff that is aware of challenges facing the power industry in the future.

The collaboration includes the following universities:

  • Silesian University of Technology;
  • University of Silesia;
  • AGH University of Science and Technology;
  • University of Economics in Katowice;
  • Jagiellonian University;
  • Cracow University of Economics;
  • Wrocław University of Economics;
  • Opole University of Technology;
  • Warsaw University of Technology;
  • Wrocław University of Science and Technology;
  • Czestochowa University of Technology;
  • Cracow University of Technology;
  • University of Dąbrowa Górnicza.

On the basis of the memorandums signed with the universities and as part of activities aiming at promoting the training of power industry specialists, initiatives are implemented aiming at devising the research topics to be developed in the form of diploma papers and R&D works, organizing practical training and internships, mutually presenting and promoting achievements, initiating cooperation to upgrade the teaching processes and educational programs, collaboration in hiring students and graduates, organizing and participating in postgraduate and doctoral studies, specialist training and other forms of improving qualifications, as well as the initiatives to jointly carry out research projects.

For several years, TAURON has been also collaborating with educational institutions across Poland. Such collaboration includes organizing educational visits for students (to, among others, power stations), discussion panels and lectures for students and teachers, workshops aiming at developing social skills and occupational practical training. The schools also receive assistance from the TAURON Foundation to purchase laboratory equipment necessary for conducting research related to electricity.

As part of cooperation with more than 50 educational establishments (universities, high schools and vocational schools), pupils, students and graduates can complete practical training and internships in TAURON. More than 1 000 people took advantage of this form of education in 2016 alone.

In addition, every year we are organizing the contest for the best magister thesis devoted to particular area. 2016 witnessed third edition of the contest, whose main topic was the development and operation of smart power grids.

As part of collaboration, since 2013, the workshops for deans of Electricity and Power Departments, research institute directors and Group company representatives have been organized.

GOOD PRACTICE - TAURON Dystrybucja’s Knowledge Academy

The main tasks of TAURON Dystrybucja’s Knowledge Academy, which was established in 2009, include promoting the company as a desired employer, collaboration with universities, and sharing with students the practical knowledge which serves as supplementation to theoretical knowledge. Company employees, who at the same time serve as internal trainers, conduct lectures for students of technical universities, including, among others, at Czestochowa University of Technology, Silesian University of Technology and AGH University of Science and Technology in Kraków. The lectures, which are very popular, focus on practical examples and enable the students to familiarize themselves with the modern power industry and better prepare for their profession.

We facilitate mechanisms of cooperation with our suppliers

Suppliers are one of the most numerous stakeholder groups in the TAURON Group. Every year, we run thousands of tenders; therefore, improving procurement efficiency is one of the most important challenges we face.

In 2016, the “TAURON Group Values – PRO” were adopted, which constitute, among other things, guidelines for relations with business partners.

PRO values in procurements

PARTNERSHIP
  • We are partners to the contractors
  • We seek to establish partnership relations between the employees of procurement cells in various companies (joint training, post-graduate studies)
  • We strive to ensure that participation in tender procedures be as intuitive as possible
GROWTH
  • We want to grow with the contractors and thanks to them
  • Implementing or surpassing the market trends with regard to procurements (electronic processes, electronic invoices)
BOLDNESS
  • We courageously discuss our shortcomings and listen to comments about them, all to seek improvement
  • We attentively listen to our contractors’ and collaborators’ comments and make changes in the procurement area
TAURON Group’s Procurement Platform

The Procurement Platform is a system making it possible for the 14 companies in the TAURON Group to pursue its procurement policy effectively. This enormous machine is of extraordinary importance to the entire Group. Its effectiveness directly affects the financial results and economic ratios of all the companies.

Besides the joint system, there are in effect the common bylaws for granting procurements along with shared model documents dedicated to the procurement process. Because of this, the principles governing the tender participation are unambiguous, transparent and uniform for all the Group companies.

Large emphasis is placed on switching to electronic tender procedures. In electronic procedure, contractors submit their bids directly in the system without having to incur the costs associated with delivering documentation to TAURON’s headquarters. All the correspondence involved in the procurement process is handled by the Procurement Platform.

In the TAURON Group, there functions the Electronic Counterparty Qualification system, in which the Qualified Procurement Categories were designated. In 2016, 23 Qualification Procedures were launched, which allowed to reduce the workload on the stage of preparing the tender procedures through reduction of quantity of documents necessary to verify the bids. Consequently, this guarantees faster selection of the most favorable bid.

Several advantages of electronic processing of qualifications include simpler and less formal communication with suppliers, time savings on the part of the contracting authority, cost savings for all participants of the process, as well as more efficient oversight over the entire qualification process in the scattered organization. The Qualified Counterparties Database (BKK) allows also to perform ongoing assessments of collaboration with the suppliers, and – through permanent access to assessments history – makes it possible to monitor whether the collaboration with the given supplier is improving or deteriorating. On the other hand, the contractors entered in the BKK enjoy prestige, convenience as well as savings of time and money.

Currently, we are working on implementing the e-invoice, which will make it possible to obtain additional operational savings on the part of the contracting authority as well as the suppliers. E-invoice gives the chance to improve the flow of receivables and increase security.

2016 witnessed the establishment of 54 procurement strategies for consolidated categories (procurements for at least two companies) and key categories (procurements of significant importance to the company) in Group companies.

Extent of the procurement area’s operations in the TAURON Group
Export table to Excel Zoom
KEY DATA RELATED TO THE OPERATION OF THE TAURON GROUP’S PROCUREMENT AREA (DATA FOR 2016)
Number of counterparties in the database 23 000
Number of external user accounts 15 000
Number of procurement categories 627
Number of requests for bids (per year) 10 000
Utilization of electronic tools is an important element of the procurement area efficiency improvement process
Export table to Excel Zoom
STATISTICS IN UTILIZATION OF ELECTRONIC TOOLS FOR 2016 (AVERAGE FOR THE TAURON GROUP)
Share of tenders conducted in the electronic form (in terms of quantity) [%] 79
Share of procurements granted through electronic auctions (in terms of value) [%] 31.6
Savings from the auction (difference between the value of the most favorable bids before and after the electronic auction) [%] 15.2
Savings from the auction [PLN million] 158.1
Number of suppliers
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Number of auctions
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Number of users
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Number of RFX
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Estimated value of savings obtained from electronic auctions

PLN million

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Average number of proposals for a task in tender proceeding
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We conduct regular dialogue with our stakeholders

In order to best respond to our stakeholders’ needs and expectations, the TAURON Group is engaged in an active dialog with the community. Different contact channels are selected depending on the stakeholder group. In each and every case, we do our best to ensure that communication is not one-way and that the stakeholders have the opportunity to provide feedback.

A flagship example of the policy of conducting dialog with the community is the process of drafting the annual report. In 2016, like in previous years, we tried to involve as many of our stakeholders as possible in that dialog. Because of this, we were able to obtain credible feedback about the content of the publication.

Dialog with the employees, including the trade unions, also should be noted. In 2016 alone, 384 meetings with trade union organizations were held in the TAURON Group companies. Moreover, the Social Dialog Spokesman was appointed in the structures of the parent company, who serves as liaison between the employer and trade unions. The spokesman’s key task includes coordination of social dialog in the TAURON Group and drafting the concept for reconciliation between the parties to the dialog.

In addition, TAURON Group companies organize meetings for local communities in which their plants conduct their operations. For example, TAURON Wydobycie has been organizing meetings with local communities in Jaworzno and Libiąż. Such meetings are informational in nature and are devoted to the conducted mining processes and their impact on the environment.

GOOD PRACTICE - conferences for local governments on issues related to the power industry

For many years, TAURON has been also organizing conferences for local governments devoted to issues connected with the power industry. Their purpose is to expand cooperation with local government partners, scientists and entrepreneurs and gain better knowledge of problems encountered by the participants. The conferences feature topics devoted to energy security, lighting of the facilities to ensure their better visibility and improve safety, energy savings, new and innovative solutions, and promotion of knowledge of the power industry and legal aspects.

White certificates white certificates "White" certificates "white" certificates Certificates confirming the saving of a specific quantum of energy as a result of completing investments to enhance energy efficiency.
Biomass biomass Denotes a biodegradable fraction of products, waste and residue from agricultural and forestry production and related branches of industry, including fishing and aquaculture, and biogas and a biodegradable fraction of industrial and communal waste.
Sub peak power generation units sub peak power generation units Power generation units used during a period when the power system has a higher demand for capacity. Power generation units in this class are used from 2000 to 4000 hours a year.
Peak power generation units peak power generation units Power generation units used only during a period when the power system has the highest demand for capacity. Power generation units in this class are used fewer than 2000 hours a year.
Blue certificates blue certificates "Blue" certificates "blue" certificates Certificates confirming the generation of energy from agricultural biomass.
CAPEX Capital expenditures.
Red certificates red certificates "Red" certificates "red" certificates Certificates confirming the generation of energy in highly-efficient coal co-generation.
Net debt net debt Liabilities for loans and borrowings less cash and cash equivalents.
Dividend dividend Portion of a company’s net earnings per share designated for payment to shareholders.
EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization.
Electromobility electromobility Using electric vehicles, both individual vehicles such as an electric car, electric scooter, electric motorcycle and electric bicycle and public transport means: trams, trolleybuses and trains. The assumptions for the Electromobility Development Plan and the domestic framework for the policy of alternative fuel infrastructure development call for there being one million electric vehicles on Polish roads by 2025. TAURON is conducting research and analyses on developing, promoting and disseminating electromobility among Polish nationals, developing the electromobility industry in Poland and in particular collaborating in launching and implementing the findings of scientific and technical work in this area. Moreover, jointly with PGE, Energa and Enea, TAURON has submitted an application to the Office of Competition and Consumer Protection to receive a permit to establish a company called ElectroMobilityPoland to create grounds for developing electromobility.
EMAS EMAS Eco Management and Audit Scheme, an EU instrument to encourage all types of organizations to improve their environmental protection constantly. Functions on the basis of Regulation (EU) no. 1221/2009 of the European Parliament and of the Council of 25 November 2009 on the voluntary participation by organizations in a Community eco-management and audit scheme (EMAS). The EMAS requirements constitute guidelines for organizations to structure their environmental protection duties, optimize costs and effectively manage energy and resources. EMAS is also a system for reporting an organization’s environmental impact making it easier to conduct dialogue in this area with stakeholders. Registration in the EMAS system means that an organization has satisfied the most rigorous environmental requirements.
Prosumer energy prosumer energy Generation of electricity, chiefly for one’s own needs and on a small-scale in installations harnessing renewable energy sources. Households and businesses that do this are called prosumers, meaning that they simultaneously play the role of energy producer and consumer.
Energy from distributed sources energy from distributed sources energii ze źródeł rozproszonych energetyka rozproszona rozproszone wytwarzanie generacja rozproszona energetyki rozproszonej generacji rozproszonej distributed energy Generation of energy by small generation units or facilities connected directly to distribution grids or located in the user’s electrical energy grid that usually generate electricity from renewable energy sources or non-conventional sources, frequently in cogeneration with the generation of thermal energy (distributed cogeneration). The following parties, for instance, may be part of a distributed generation grid: prosumers, energy cooperatives and municipal power plants.
Purple certificates purple certificates "Purple" certificates "purple" certificates Certificates confirming the generation of energy from methane captured in mines.
grid parity Grid parity Signifies the equivalence of the production costs of renewable energy with the energy generated in conventional power plants.
TGE’s FCM Indices Towarowa Giełda Energii (TGE) is the power exchange running the following markets: electricity (Forward Commodity Market - FCM), Day-Ahead Market - DAM, Intraday Market - IDM) and gas (FCMg, DAMg) and the Property Right Market.
smart metering Smart metering Comprehensive and integrated information system encompassing electrical energy smart meters for users of energy, telecommunication infrastructure, central database and management system. Smart metering systems support two-way communication in real time between information systems and electronic electricity meters installed in customers’ locations. Moreover, they may automate the entire billing process for energy users - from obtaining metering data to processing and aggregating them to issuing invoices.
Stakeholder stakeholder stakeholders Natural or legal entity (individual, community, institution, organization, office etc.) which may affect the company or remain under the influence of its actions.
IoT Internet of Things – concept according to which clearly identified objects may directly or indirectly collect, process or exchange data via computer network.
Emergency Cold Reserve IRZ Mechanism introduced by the transmission system operator in 2016. It involves the TSO paying the owners of generation sources which are planned to be withdrawn for keeping them ready to run in response to the operator’s instruction during the anticipated periods of capacity shortage.
ISO 14001 PN-EN ISO 14001:2005 standard PN-EN 14001 standard One of the ISO standards used in managing environmental protection. This standard designated for all organizations regardless of their type and size defines the requirements whose satisfaction supports the achievement of environmental (for instance preventing the emission of pollutants) and economic objectives.
Covenant covenant Contractual clause, order or ban imposed on a borrower to minimize the risk of its invsolvency. Covenents most frequently constitute protection for sources of debt payment to creditors, e.g. by banning further borrowing or disposing of assets.
Aggregate aggregate Bulk organic or mineral material used mainly to produce construction mortar and concrete and build roads.
HV and MV Lines linii WN i SN sieci WN i SN HV - high voltage grid in which the voltage ranges from 110 kV. This grid is used to transmit electrical energy over large distances. MV - medium voltage grid, i.e. an electrical energy grid in which the electrical voltage ranges from 1 kV to 110 kV. Medium voltage is broadly used in electrical energy grids to transmit electrical energy over medium distances and switch energy. It is used as an intermediate voltage between high voltage and low voltage connected to end-users.
Customer loyalization customer loyalization Strategy to acquire and retain customers in this time of growing competition.
Micro-grid micro-grid Electrical energy micro-grid – set of generation equipment, electrical energy storage and receiver units connected in a joint network to ensure the reliable supply of electrical energy and minimize its cost.
Micro-cogeneration micro-cogeneration Technological process involving the cogeneration of thermal and electrical energy based on the utilization of small-scale equipment and medium capacities. Micro-cogeneration may be employed in all facilities in which there is a concurrent need for electrical and thermal energy. The greatest benefits from employing micro-generation are obtained in facilities in which the demand for these two types of energy does not oscillate much or is constant. That is why individual users, hospitals and educational centers, sports centers, hotels and public utilities are usually the most frequent users of cogeneration systems.
MSCI Emerging Markets Europe 10/40 Index Index comprising key companies listed on emerging markets in Europe.
MSCI Poland Index Index comprising more than 20 key companies listed on the Warsaw Stock Exchange.
Best Available Technology BAT The most efficient and sophisticated level of technology development and methods for conducting a given business. BAT are defined for various branches of industry. In the energy sector BAT forms the basis for determining borderline emission quantities, among others, to eliminate, or if that is not practicable, limit emissions and their overall environmental impact.
Sensitive user sensitive user According to the Act entitled Energy Law, a sensitive user is a person to whom a housing allowance has been awarded and who is a party to a comprehensive agreement or electricity sale agreement and who lives in the place where electrical energy is supplied.
Impairment losses impairment losses Losses because of the impairment of non-current assets taken in accordance with the regulations of international accounting IFRS (MSSF) standard.
Corporate Social Responsibility CSR Corporate Social Responsibility – business philosophy and management strategy calling for an organization to take responsibility for the impact exerted by its decisions and actions on society and the environment. Its foundations are rooted in ethical and transparent conduct, taking into consideration the expectations of stakeholders and cultivating good long-term relations with the overall environment. Corporate social responsibility is one of the key methods of achieving sustainable socio-economic development.
PV cells Photovoltaic cell (PV) – semi-conductor material in which the energy of solar radiation is converted into electrical energy.
omni-channel Omni-channel According to the omni-channel idea, the future of commerce is to conduct online sales while simultaneously encouraging customers to make traditional purchases. Online and offline sales during the digital revolution should fluidly penetrate one another.
Operating Capacity Reserve ORM Mechanism of providing operational reserves by the Centrally Discharged Units (JWCD), where they were able to deliver electricity to the system, but for market reasons were not used. It was implemented in Poland in 2014.
RES Renewable energy sources.
PM-RES Property rights to certificates of energy for electrical energy generated in RES.
Polygeneration polygeneration Parallel generation of energy and chemicals.
RESPECT Index Index consisting of companies listed on the Warsaw Stock Exchange to identify companies managed in a responsible and sustainable manner. It takes into account the quality of reporting, the level of investor relations, corporate governance and liquidity, among others, whereby it simultaneously constitutes a real point of reference to measure the attractiveness of companies as investments.
Balancing market balancing market The balancing market is what is referred to as a technical market. That means it is not a place to sell energy. Its purpose is the physical delivery of the energy purchase/sale agreements executed by participants and balancing the demand for electricity with its generation in real time in the national electrical energy system (KSE). The existence of the balancing market is indispensable for the energy market to function. Entities that buy energy have an obligation to participate in this market.
CATALYST Market Catalyst market Bond market. It is run on the transaction platforms of the Warsaw Stock Exchange and BondSpot.
SAIDI System average interruption duration index in the supply of electricity calculated in minutes per user. It is a reliability index whose value is the sum of the products of interruption duration in energy supply and the number of users affected by the consequences of such an interruption during a year divided by the total number of users connected to a grid.
SAIFI System average interruption frequency index of long interruptions in energy supply. It is a reliability index whose value is the number of users affected by the consequences of all such interruptions during a year divided by the total number of users.
Gangue gangue The rock that is extracted from a deposit of a given mineral that is considered to be unusable waste.
Smart City smart city Smart city is a project involving the implementation of specific solutions exerting a real impact on citizens. One example is supplying tools to urban residents to monitor energy consumption, among others. This is possible thanks to the special platform called eLicznik (eMeter). TAURON supplies smart meters, for instance, under the Smart City Wrocław project.
Smart Home smart home System to control a smart home. SMART HOME technologies control burglar alarms, temperature control and electricity supply systems. This is a real-time power consumption monitoring solution that TAURON offers via a platform to check readings from the smart power meter.
Smart grid smart grid Smart electrical energy grids to facilitate communication between participants on the energy market to supply energy services while cutting costs and enhancing efficiency and integrating distributed sources of energy, including renewable energy.
smart metering Smart metering Smart metering system – electronic system used to measure energy consumption obtaining more information than from a conventional meter, and to send and receive data through electronic communication.
small carbonate sorbent Small carbonate sorbent Fine carbonate sorbent (limestone powder) – is a product derived from the process of dehydrating and profound milling of limestone whose active ingredient is calcium carbonate, CaCO3. Fine carbonate sorbent is used in processes to desulfurize flue gas – to remove SOx.
Enterprise Risk Management System ERM Set of rules, standards and tools to accomplish the fundamental objective of risk management i.e. ensuring the security of the TAURON Group’s operations. This system is regulated by the document entitled Enterprise Risk Management System in the TAURON Group, defining the TAURON Group’s enterprise risk management framework and rules.
Tauronet tauronet TAURON Group’s corporate intranet portal, one of the most important tools of communicating with employees. One of the largest platforms of its type in Poland at the time of publishing this report.
CCS Carbon dioxide capture, transport and geological storage technology.
CCU Capture and use (management) of carbon dioxide, eg. in the the chemical industry.
Smart Technology smart technology Control system in a smart home, among others - it is responsible for the safety and living comfort of residents.
Towarowa Giełda Energii S.A. Polish Power Exchange TGE Towarowa Giełda Energii (TGE) (Polish Power Exchange) is the only licensed power exchange in Poland. Presently, TGE runs the following markets: Day-Ahead Market (DAM), Commodity Forward Market with physical delivery (CFM), Property Rights Market for RES and Cogeneration. TGE also keeps a register of the Certificates of Origin for electrical energy produced in RES and in highly efficient cogeneration sources and the CO2 Emission Allowance Market.
Energy Regulatory Office ERO Government authority regulating the Polish energy market (electricity and gas, among others).
Coal winnings coal winnings The rock material taken from the mine face. It includes the mineral and gangue.
WACC Financial ratio - weighted average cost of capital.
WIBOR Warsaw Inter Bank Offered Rate Warsaw Inter Bank Offered Rate - interest rate used on the Polish interbank market for interbank loans.
WIG Index comprising all the companies listed on the Main Market of the Warsaw Stock Exchange that fulfill the basic criteria for inclusion in its indices.
WIG20 Index comprising the 20 largest and most liquid companies listed on the Main Market of the Warsaw Stock Exchange.
WIG30 Index comprising the 30 largest and most liquid companies listed on the Main Market of the Warsaw Stock Exchange.
WIG-Energy Sectoral index comprising companies participating in the WIG index and simultaneously classified in the energy generation sector.
WIG-Poland National index comprising only the domestic companies listed on the Main Market of the Warsaw Stock Exchange that fulfill the basic criteria for inclusion in its indices.
Underground mining pit underground mining pit Space created as a result of mining works.
Highly-efficient cogeneration high-efficiency cogeneration Generating electrical or mechanical energy and usable thermal energy in cogeneration to save the original energy used in the cogeneration unit in an amount no lower than 10% compared to the generation of electrical energy and thermal energy in separate systems or in a cogeneration unit with an installed electricity capacity under 1 MW compared to the generation of electrical energy and thermal energy in separate systems.
Green certificates green certificates "Green" certificates "green" certificates Certificates of origin, i.e. a document that confirms the generation of electricity with renewable energy sources. The green certificate system has been in force in Poland since 1 October 2005 (and has changed in the new RES Act).
Yellow certificates yellow certificates "Yellow" certificates "yellow" certificates Certificate certifying the origin of energy. Operators of cogeneration units fired with gaseous fuels or with a total installed power source of less than 1 MW may be compensated with yellow certificates.
TPA Third Party Access - TPA is one of the most important principles (besides unbundling) on which the deregulated energy market is founded. TPA gives an energy user the right to buy it from any energy seller of its choosing.
EUA CO2 emission unit.
IFRS International Financial Reporting Standards – standards and their interpretations approved by the International Accounting Standards Board (IASB).
RFX Request for proposal.
Global Reporting Index GRI Independent international organization whose mission is to create a joint global framework for communicating responsibility and sustainable development. The GRI guidelines are an international reporting standard for organizations regardless of size, business sector and venue. Their application gives a guarantee of consistency in terminology and indicators.
International Integrated Reporting Council IIRC The International Integrated Reporting Council is an organization whose purpose is to create globally accepted integrated reporting guidelines based on combining financial, environmental, social and corporate governance reporting in a clear, succinct, coherent and comparable format. It consists of global leaders such as the International Federation of Accountants (IFAC), the International Accounting Standards Board, the United Nations Environmental Program (UNEP), the International Organization of Securities Commissions, the World Business Council for Sustainable Development and the Global Reporting Initiative (GRI).
integrated reporting non-financial reporting standard International integrated reporting standard encompassing financial and non-financial data devised by IIRC.

GRI indicators