General information

Basis for preparation

[BP-1]

Sustainability reporting has been prepared for the period from 01.01.2024 to 31.12.2024 in consolidated form for the Śnieżka Group (the scope of consolidation is in line with the scope of the financial statements). It is part of the Management Board’s Report on the activities in accordance with the Act of 6 December 2024 amending the Accounting Act, the Act on statutory auditors, audit firms and public supervision and certain other acts, introducing changes, i.a., to the Act of 29 September 1994 on Accounting (consolidated text: Journal of Laws of 2023, item 120, as amended). The Act implements, i.a., Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU with regard to corporate sustainability reporting (OJ EU L 322, 16.12.2022, p. 15). The content of this Report (hereinafter referred to as: ESG Report 2024 or report) is consistent with Commission Delegated Regulation (EU) 2023/2772 of 31 July 2023 supplementing Directive 2013/34/EU of the European Parliament and of the Council with regard to sustainability reporting standards (OJ EU L 2023, item 2772, as amended), Annex I, European Sustainability Reporting Standards (hereinafter: ESRS). The Report also includes disclosures pursuant to Article 8 of Regulation (EU) 2020/852 (the Taxonomy Regulation).

Reporting applies to the upstream and downstream value chain, including own operations and, in addition, supporting activities. All these value chains are included in the process of assessing impacts, risks and opportunities. This scope also applies to policies, actions, targets and disclosed metrics, although it should be noted that not all policies, actions, targets and disclosed metrics cover the above levels of the value chain to the same extent.

The Śnieżka Group did not make use of the possibility to omit specific information concerning intellectual property, know-how or results of innovation and to exempt from the obligation to disclose information on anticipated events or matters that are the subject of on-going negotiations in accordance with Article 19a paragraph 3 and Article 29a paragraph 3 of Directive 2013/34/EU.

[BP-2]

The Group adopted the time horizons proposed by the standards, i.e.:

short-term time horizon – corresponding to the reporting period (1 year),
medium-term time horizon – from one to five years,
long-term time horizon – more than five years.

No estimated data (indirect metrics) were used when estimating the upstream and downstream value chain. However, external sources were used to calculate energy consumption and carbon footprint, and in terms of product durability, durability was estimated based on information collected by the Group from the market on product expiration dates, as described in detail in Environment.

In the Management Board’s Report on the activities for 2023, one year prior to the reporting obligation, the Group included selected topic-specific disclosures, the selection of which was preceded by a simplified double materiality process. This report fully complies with ESRS standards and the selection of topic-specific disclosures has been preceded by a full double materiality analysis.

Due to the fact that the presented Sustainability Reporting was prepared for the first time in full in accordance with the ESRS standards, it is not possible to indicate reporting errors in previous periods. No material errors were identified in the quantitative disclosures in accordance with the ESRS that the Group voluntarily presented in the Management Board’s Report on the activities for 2023. Therefore, comparative data are to be presented for these disclosures (E1-6, E5-5, S1-6, S1-9, S1-14, S1-16). The change in the approach to the presented data concerns taxonomic disclosures presented in the 2023 report and arises mainly from the improvement of the process of identifying taxonomic activities and a change in the interpretation of descriptions for selected activities and are described in the Change of approach to qualifications and restatement of data for the 2023 financial year section.

The undertaking does not include information based on other regulations in this report, nor does it make use of the possibility of incorporating it by reference. An exception are references to the Consolidated Financial Statements of the Śnieżka Group, of which this Report is a part.

Cross-cutting disclosures whose inclusion in this report results from the list of material topics to be reported, and therefore relate directly to the topic-specific disclosures and form part of them, are described together with the corresponding ESRS 2 cross-sectional disclosures included in this chapter.

Development plans

Governance structure