Business | 22 July, 2024 at 2:00 PM
UniCredit Bank: Best Bank for companies and ESG in Romania
UniCredit Bank has been declared by the British magazine as the Best Bank in Romania for Companies and ESG.
UniCredit Bank has been declared by the British magazine as the Best Bank in Romania for Companies and ESG.
OMV Petrom is implementing measures to reduce its GHG emissions footprint by transitioning from non-renewable energy sources to renewable energy sources.
The community facility CTP Clubhaus in Romania has been classified as the most sustainable non-residential building in the world.
Engie Romania achieves EDGE Move certification for significant progress in promoting gender equality in the workplace.
Amazon achieved a milestone in 2023 by matching all electricity consumed by its operations, including data centers, with 100% renewable energy.
Real estate developer Speedwell launches its 2023 Sustainability Report.
Kaufland Romania will focus on expanding the range of sustainable products, collecting and packaging recycling, reducing food waste, and strengthening internal and external communication on sustainability.
ROCA Industry has published its second Sustainability Report, made by the GRI Standards.
Apa Nova, the water supply and sewerage service provider for Bucharest, has published its 2023 sustainability report.
GreenWEEE inaugurates the third WEEE recycling plant in Buzău and a recycling line for electric motors, a national first.
Raiffeisen Bank Romania publishes its Sustainability Report, presenting information about the company's non-financial performance and its economic, social, and environmental impact.
Rompetrol Rafinare has upgraded the Hydrogen Power Plant (HPP) at the Petromidia refinery with an investment of nearly €9.1 million.
PepsiCo achieved several goals ahead of schedule, introduced new targets, and made significant strides in others, although challenges remain, particularly in packaging initiatives.
This partnership involves virtual Power Purchase Agreements (vPPAs) for clean power generated by Rezolv's impressive Vifor wind farm in Romania.
OMV Petrom announced a revision of their 2030 strategy, focusing on a bigger push for renewable energy, sustainable fuels, and making electric vehicles more accessible.
Henkel announced that the company aims to reduce carbon dioxide emissions from its business by 100 million metric tons between 2016 and 2025.
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
Romanian brewing companies have invested in advanced wastewater treatment plants to treat and reuse water and reduce the pollution load on local water bodies.
This campaign reflects their commitment to achieving climate neutrality across their entire business by 2040.
The project is located in Buzău County and the first phase, which will last until 2025, will see the installation of 30 Vestas wind turbines.
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.
