Orange Romania is aligned with Orange Group's goal of achieving net-zero carbon emissions by 2040 and is implementing measures to monitor and optimize energy consumption while simultaneously increasing the use of electricity from renewable sources, says Teodora Toma – CSR Programs Coordinator, Orange Romania. She talked to Green Forum about the ESG objectives of Orange Romania and its commitment to a cleaner environment. She says that operating more sustainably has resulted in a reduction of approximately 4 GWh in the company's energy consumption in 2022. The company has collected approximately 395.000 old phones and many others in its Recycling boxes, a part of which being Refurbished. Orange Romania aims to have up to 20% refurbished phones in its offer by 2025.
The Council of ESG Employers in Romania (CPESGR) has invited professionals dedicated to the environment, social aspects, and corporate governance to participate in the development of the first Guide for the implementation of ESG in Romania.
Schneider Electric has announced that after entering into exclusive negotiations with Atos Group on July 3, 2023, it has finalized the acquisition of EcoAct SAS, a company that offers climate consulting and net zero solutions headquartered in Paris, France.
A key component of the sustainability strategy that E.ON pursues is to be climate neutral by 2040, says CEO of E.ON Romania, Volker Raffel. He talked to Green Forum about the group's strategy regarding sustainability, its ESG policies, and E.ON Romania's sustainability goals for the next period.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
A sustainable building, whatever its destination, can be 15-20% more expensive than an ordinary one, says Marian Ciupitu, General Manager of Terano Construct. He talked to Green Forum about the company's ESG strategy and about the advantages of a sustainable building. He also says that Romania is continually improving its position regarding environmentally friendly constructions, but compared to Western European countries, Romania is still far from being a role model in this aspect. Marian Ciupitu specifies that the company strives to develop sustainable buildings that reduce the impact on the environment, improve the lives of communities, and promote high standards of ethics and transparency in all operational aspects.
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.
Massive changes in sustainable development foresee the beginning of a new era in history: the Decarbonisation Era, according to BuildGreen, an ESG and sustainability consultancy company in Central and Eastern Europe.
BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices.
ING Bank Romania has invested €11 million in the past 11 years in environmental actions in Romania and €1.2 million were donated in 2022 alone for vulnerable groups' support, says Alexandra Maier, Sustainability Manager at ING Bank Romania.
Aquila's total carbon footprint decreased by 6.5%, amounting to 36,837 metric tons of CO2 equivalent (tCO2e), on location-based calculation, according to the sustainability report.
Cornerstone Investment Management, a CEE-based private equity investment management firm, acquired Ecowipes, a European manufacturer of biodegradable wet wipes, in cooperation with Kartesia, a European specialist financing provider.
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.
