Komerční banka’s commitment to reduce its exposure to the coal sector

„We no longer propose new financial products or services to prospects companies generating over 25% of their revenues in the thermal coal sector. For existing clients which have more than 25% of their revenue linked to the Thermal coal sector, we refrain from providing new products or services if there is no public time-bound transition plan to exit this sector. Eventually, we also have specific requirements regarding prospects and companies active in the thermal coal mining sector. On the contrary, we are committed to support clients who are investing in the decarbonisation of their activities and switching over to more environmentally friendly fuels or renewable energy sources. This means financing, for example, the installation of solar panels, wind turbines or biomass boilers.”