Green Forum
| 5 March, 2024 at 8:00 AM
Romania's Simtel acquires company developing PV park in Bihor
The company estimates that the project will be fully completed within six months.
The company estimates that the project will be fully completed within six months.
This initiative aims to enhance accessibility to top-tier logistics infrastructure in both nations while contributing to Europe's transition towards sustainability.
EBRD has approved a €6 million loan for KAM, a leading food retailer in North Macedonia.
Douglas' sustainability strategy is part of the company's "Let it Bloom - DOUGLAS 2026" strategy, focused on accelerating growth through an omnichannel business model.
The Corporate Sustainability Reporting Directive (CSRD), officially known as Directive (EU) 2022/2464, has been incorporated into Romanian legislation.
Pipe manufacturer Artrom Steel Tubes will invest more than €6 million in 2024 to optimize measures to reduce carbon emissions and fuel consumption.
The companies can submit their project proposals until 12 March 2024.
Grunman Energy, the company in the field of renewable energy production controlled by the Pavăl brothers, owners of Dedeman, has received a capital infusion from the parent company.
In Rătești commune, Argeș County, the largest photovoltaic park in South-Eastern Europe was inaugurated and will be connected in the next period.
Companies in Romania can reduce costs related to environmental obligations by 50%, but many have a harder time complying with the legislation, according to Green Environment Support.
Depanero, a service company from Romania, is expanding its range of services in the area of electric mobility and green energy.
The market for installing photovoltaic panels on residential buildings has a potential of over €800 million, according to an E-Accumulatori.ro analysis.
Pehart Group, the leading producer of household paper products in Romania and one of the largest tissue paper producers in South-East Europe, is investing this year more than €20 million in the energy efficiency of the production lines of its two factories in Petrești-Sebeș and Dej.
In the face of mounting environmental challenges, the FMCG sector is using innovation to reduce ecological impact and cultivate consumer trust. In this article, we explore key innovations for FMCG led by entrepreneurs in Central and Eastern Europe, such as alternative packaging materials and low-carbon protein alternatives.
BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.
We report from Romania ESG Forum 2023, an international business conference organized by Green Forum & Property Forum in Bucharest earlier this month.
The Sustainability Academy was launched, the first social and educational platform dedicated to SMEs in Romania, with free access. The Sustainability Academy is a Sustainable Futures brand project initiated by Social Innovation Solutions together with the Coca-Cola Foundation, founding partner, and BCR, main partner. The Sustainability Academy aims to help SMEs willing to adopt sustainability strategies and aims to increase the number of sustainable businesses in Romania.
BCR gas entered the international market with the first issue of green Eurobonds, worth €700 million. The funds will be directed toward renewable energy projects, green mortgages, and green buildings.
The Bosch Power Tools division is taking a big step forward with regard to its sustainability goals. Thus, starting in the autumn of 2023, 23 new and improved measuring instruments will be available, together with the related accessories and packaging, all presenting a new concept of sustainability and being produced with as much recycled material as possible.
BASF plans to invest up to €4 billion to achieve its climate protection targets by 2030. The group wants to reduce greenhouse gas emissions from our production sites and our energy purchases by 25% by 2030, compared with the 2018 baseline. BASF set a global target to promote female leadership and aims to increase the proportion of women in leadership positions to 30% by 2030.
The banking sector has a very important role in promoting the green economy by providing green loans and sustainable support.
Orange circular economy program "Re" - Buy-Back, Recycling, Repair, Refurbishment completes 1 year since its launch in Romania. The company collected approximately 300,000 old phones, the equivalent of more than 29 tons, and repaired 60,000 phones. Customers who bring old phones to the store receive a €100 voucher that they can use to buy a 5G phone.
TeraPlast, a Romanian manufacturer of construction materials, has pipes for external sewers made of 100% recycled PVC and uses approximately 20%-30% recycled material in the production of PVC pipes, says Alexandru Stânean, CEO TeraPlast. He talked to Green Forum about the company's key sustainability objectives and investment plans in 2023.
The Civil Society Development Foundation, ProPark, and the OMV Petrom Foundation launch the "Green for the Future" program. The program is dedicated to biodiversity conservation and the responsible development of local communities in protected areas. The OMV Petrom Foundation fully finances the program in the amount of €800,000 in the 2023 edition.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
Improving energy efficiency in buildings plays a key role in building a sustainable future. It leads to lower costs, a healthier indoor environment, and a smaller environmental footprint. According to România Eficientă, efficient energy use is not about sacrificing comfort but about eliminating waste.
The European Ombudsman has formally questioned the European Commission's handling of recent proposals aimed at scaling back corporate sustainability requirements, raising concerns over transparency and procedural compliance.
Hidroelectrica has selected Waldevar Energy to implement the Nufărul Project, a pioneering renewable energy initiative set to become the largest floating photovoltaic (FPV) system installed on a hydroelectric dam in Europe.
Met Group has inaugurated Hungary's largest standalone battery energy storage system (BESS), a 40 MW / 80 MWh facility located at the Dunamenti Power Station in Százhalombatta.
