The debate was attended by representatives of banks, which allowed for a comprehensive discussion of the needs and expectations of investors and entrepreneurs towards the financial market. Jastrzębska Spółka Węglowa hosted one of the debates, during which Robert Ostrowski, JSW’s Vice-President, pointed out that without coking coal financing it is difficult to talk about energy transition.
“We have been conducting an educational campaign for some time, and it is not easy. It is difficult to break through with the information that a coal company owns a critical raw material, produces and supplies this raw material not only for economic purposes, but also for transition purposes. Taking this link out of the supply chain will limit the possibility of achieving climate goals," stressed Robert Ostrowski, Vice-President of the JSW Management Board for Financial Matters.
Jastrzębska Spółka Węglowa is a stable supplier of coking coal and coke for the metallurgical industry, which is important from the point of view of the energy transition. Photovoltaic farms, electric vehicles and energy storage units need steel components.
“We strongly finance Polish industry and want to remain such a bank. However, we need to look at what is happening in the world, especially in the financial markets," said Jerzy Kwieciński of Bank Pekao SA. “The EU's list of strategic raw materials is of key importance, because it shows what will be important for the EU's industry and economy in the coming years. However, the question is whether this list is known and well understood. I'm skeptical, we still have many institutions that turn away hearing the word “coal.” The approach of banks like ours is different,” added Jerzy Kwieciński.
The Corporate and Investment Banking Congress is an important event not only for entrepreneurs, but also for the entire investment market. The participation of JSW representatives in such events contributes to an even broader understanding of the Company's activities and the benefits they bring to the Polish and European economies.
“A sensible approach to financing the full supply chain of critical raw materials, coking coal and the steel industry will reduce greenhouse gas emissions. Without a conscious financial approach the transition will not happen. Supporting coking coal, coke and the steel industry is key to achieving climate goals and ultimately climate neutrality," concluded Robert Ostrowski.
