Energy | 10 September, 2024 at 12:00 PM
Rezolv Energy aiming to set the ESG benchmark in SEE
For the rest of this year, Rezolv Energy will focus on the four projects in our current portfolio.
For the rest of this year, Rezolv Energy will focus on the four projects in our current portfolio.
Environmental, social, and governance (ESG) principles are no longer mere trends or buzzwords; they are rapidly becoming the norm in the Romanian real estate market, according to a Colliers report.
Nuclearelectrica avoids the release of 10 million tons of CO2 every year by producing clean energy. 205 million tons of CO2 were avoided since the commissioning of the first reactor in 1996, says Cosmin Ghiță, CEO of Nuclearelectrica. He talked to Green Forum about Nuclearelectrica's ESG strategy and about the investment projects with a vital role in Romania's decarbonization. He also talked about the sustainable projects that the company ran last year and how Nuclearelectrica contributes to a sustainable future.
One of UniCredit's priorities in Romania in 2022 is the implementation of the local ESG strategy, as the bank's report shows. Thus, the bank finances businesses in the area of green energy, renewable energy, and energy efficiency, and the green loan with mortgage intended for individuals continued to be one of the requested products.
Recovery and capitalization of waste stand out as a priority in Profi's strategy for environmental protection, says Gabriela Sirbu, Sustainability Director at Profi. She talked to Green Forum about Profi Romania's ESG strategy, the goals for this year and the investments in the community.
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).
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.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
