Romania could save over €6 billion by 2050, by renovating old buildings. Also, reducing exposure to dampness and mold and addressing the lack of natural light in residential buildings generates welfare benefits estimated to be equivalent to around €100 billion per year in EU countries.
Real estate developer Iulius has entered into a partnership with IFC, a member of the World Bank Group, to develop a strategy to decarbonize the company's entire portfolio and reach the target of net-zero emissions.
Zuzanna Kurek, Investor Relations Manager and ESG Committee Member of One United Properties, spoke to Green Forum Forum about the ESG agenda of the Romanian developer and its role in growing the value of the company.
Industrial developer CTP Romania will install a photovoltaic power station with a capacity of 1.5 MW in its CTPark Bucharest project as part of its investments in green energy.
The Portuguese real estate investment company Sonae Sierra has set out to achieve carbon neutrality by 2040 and announces that it will expand ESG criteria in shopping center contracts.
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
Alicja Kuczera, CEO of the Polish Green Building Council (PLGBC) talked to Green Forum about the impact of the energy crisis on the local property market, the development of a circular economy and environmental awareness in Poland.
ELI Parks, a network of class A logistics and industrial parks, is expanding with a new logistics project in Oradea, which will include two buildings, with a total area of 30,000 square meters. The project will be equipped with photovoltaic panels, having an installed power of 3MW/h.
Genesis Property, a company that owns, develops and operates of class A office buildings in Romania, announces that is committed to achieving zero carbon emissions for the buildings in its portfolio by 2030.
Property developer Speedwell says it will be installing photovoltaic panels on two of its office projects in Bucharest and Cluj-Napoca in a bid to make its building more sustainable.
The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.
New technical regulations regarding the methodology for calculating the energy performance of buildings will be enforced in Romania starting February. The new rules will help the local construction market will take an important step forward by aligning with European standards and trends in terms of sustainability
The concentration of population in rural areas, lower construction standards and less service-driven economy contribute to the divergence between the CEE region and Western European states when it comes to energy consumption structure, reveals Colliers in its recent report.
In the past 12 months, there were 154 buildings in Romania that received green certifications under the BREEAM or LEED standards, accounting for one-third of all buildings that were certified in the past 14 years, according to data from green building consultancy ADP.
ESG is rewriting the rules of office leasing with the attitude of landlords, tenants and service providers gradually changing.
Property group NEPI Rockcastle, the largest owner of shopping centres in Romania, has secured a green loan totalling €60 million for Ploiești Shopping City from a syndicate of banks.
Stefan de Goeij has rejoined CTP as ESG and Energy Lead, after a two-year break, reporting directly to the company's founder and CEO Remon Vos.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
