Regulatory environment

The regulatory environment for the Śnieżka Group includes laws and regulations that influence the way business is conducted and define obligations and responsibilities in various areas. Śnieżka constantly monitors legal changes that apply to it.

  • The Regulation of the European Parliament and the EU Council 2020/852 of 18 June 2020 on establishing a framework to facilitate sustainable investment, amending Regulation (EU) 2019/2088 (hereinafter: Taxonomy),
  • Directive 2014/95/EU of 22 October 2014 amending Directive 2013/34/EU as regards the disclosure of non-financial information and information on diversity by certain large entities and groups (hereinafter: NFRD) and Directive 2022/2464 of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU as regards corporate sustainability reporting (hereinafter: CSRD).

Below are presented which of the regulations mentioned above affect the operation of the Śnieżka Group:

  • Environmental regulations:

    The Śnieżka Group, as a manufacturer of paints and varnishes, is subject to environmental protection regulations, including emissions of harmful substances into the atmosphere, waste management, water consumption and principles of conducting business in nature protection areas. The introduction of new environmental regulations may require adjustment of production processes, increased investment in cleaning and environmental protection technologies, and changes in the purchasing policy of raw materials and packaging.

  • National regulations on key markets:

    The Śnieżka Group operates on many domestic and foreign markets, therefore national regulations on these markets may have a significant impact on its operations.
    This applies to both the markets where Śnieżka Group companies are located and sales markets (e.g. Poland, EU countries). The regulations in question may cover various areas such as trade, taxes, consumer protection, antitrust laws, etc.

  • Regulations regarding suppliers and raw materials:

    The Śnieżka Group cooperates with a diversified group of suppliers, and in the production of paints and varnishes it takes advantage of a wide selection of raw materials, monitoring the published formulations and adapting them to existing and future legal requirements. Further changes in regulations regarding the availability, price, quality and sustainable use of raw materials may have a significant impact on the operations of the Śnieżka Group. This may include the introduction of new restrictions on chemicals, changes in raw material prices, and the need to vet suppliers to ensure they meet new regulatory requirements. All these changes require the Śnieżka Group to adapt to new legal requirements, which leads to greater organizational effort.

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