BAT aims to be carbon neutral across its own operations by 2030, says Ileana Dumitru, Legal, and External Affairs Director for the South Eastern Europe Area at BAT. She talked to Green Forum about the role of ESG in BAT`s global strategy and about the company`s most ambitious sustainability targets.
BAT announces results in reaching its targets related to the strategic management of the water used in its production process. In 2022, BAT recycled 22.6% of the water volume used globally. BAT goals by 2025 include Alliance for Water Stewardship (AWS) certification of all its operation sites, 30% of water recycled, and a 35% reduction in water withdrawn by 2025 vs the 2017 baseline.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
