Romanian construction group Bog'Art has published its first sustainability report that outlines the company's results and objectives under the ESG development framework.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
UniCredit Bank has been declared by the British magazine as the Best Bank in Romania for Companies and ESG.
The future of ESG (Environmental, Social, and Governance) in Romania appears promising.
The total added value generated by the Group and its collaborating franchisees reached €2.1 billion in 2023, marking a 30% increase from 2022.
Over 500 companies from across the country are expected to attend the ESG Journey event series from May to November 2024, organized by Social Innovation Solutions in partnership with UniCredit Bank Romania.
Skanska introduced its ESG+ office package, responding to evolving market dynamics and EU regulations.
Six sectors were responsible for carbon dioxide emissions resulting from energy consumption, namely agriculture and fisheries, buildings, electricity, industry, and transportation.
Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.
E.ON Energie Romania completed and handed over 161 photovoltaic power plants for 142 partner companies in 2023.
Rezolv Energy announced the signing of the connection contract for the future 600 MW Danube East and West wind farm in Constanta.
The photovoltaic power plant has a generating capacity of 3.8 MWp.
Romania signed a €610 million contract with Polish rolling stock manufacturer PESA to purchase 62 new regional electric trains.
Cris-Tim Group is taking the first step towards the transition to electromobility.
Electrica is implementing an AI algorithm system that will identify the energy footprint of the main receivers in the head office.
JTI Romania follows the group's strategy to improve its environmental footprint, says Gilda Lazăr, Director of Corporate Affairs & Communications at JTI Romania, Moldova & Bulgaria.
Diageo has set a complex 10-year ESG action plan called “Society 2030: Spirit of Progress” which outlines its commitments and actions for a more sustainable future, says Gergely Abraham, Corporate Relations Director Eastern Europe at Diageo.
UniCredit Bank Romania has financed the photovoltaic plant in Şarmăşag, Sălaj County, with €39.3 million, thus supporting Romania's transition to green energy.
Sustainability in office design should be considered as an integral and systemic approach, rather than a series of isolated actions, says Horatiu Didea, Managing Partner of Workspace Studio.
UPS cares about sustainability and aims to become carbon neutral by 2050 globally, says Daniela Constantinescu, UPS Country Manager for Hungary, Greece, Romania, and Slovenia.
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.
