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.
Raiffeisen Bank Romania is launching new environmental impact management campaigns.
Crayon is partnering with EnterTeq to provide companies with innovative digital solutions for ESG alignment and increased sustainability.
In line with its decarbonization objectives, DS Smith has this year reduced CO2 emissions by 10% (15% compared to 2019) and achieved a 4% reduction in water consumption in paper mills in areas exposed to the risk of stress hydric.
Lack of education in terms of ESG (environmental, social, and governance) and a poor number of good practice solutions are two of the challenges in the field, says Matius Ichim, Architect at Matius Studio and owner of the retail platform www.prioretail.ro. He talked to Green Forum about the advantages of a sustainably built commercial space. He says that 15-20% of the operating networks in Romania have started implementing ESG key principles in their fit-out design and close to 5% in full sustainable standards.
The Ariston Group, which operates in the field of sustainable thermal comfort, has presented its vision and ESG objectives for 2030 within the "Road to 100", a strategic plan that attests to the group's commitment to sustainability.
The European Parliament agreed on its negotiating position for talks with EU governments on a new law to make products in the EU more sustainable.
Municipalities report difficulties in securing experts with environmental and climate skills, as well as technical and engineering expertise. The European Investment Bank unveils 2022 Municipality Survey findings.
To support the fight against and prevention of plastic pollution, Lidl Romania has invested over RON14.6 million (€2.92 million) in programs developed together with civil society.
ROCA Industry, the first Romanian holding company of construction materials companies, part of the ROCA Investments portfolio, announces the launch of the first Sustainability Report, anticipating the European Directive applicable starting from the financial year 2024, regarding corporate sustainability reporting (CSRD).
Coca-Cola HBC Romania is the first local company, in the FMCG industry to produce a sustainability report to international standards and among the first local companies to publicly present such a report, says Alice Nichita, Corporate Affairs & Sustainability Director at Coca-Cola HBC Romania. She talked to Green Forum about the company's ESG strategy and the company's current sustainability targets and the social initiatives that the company and its employees are involved in.
Wizz Air was named the most sustainable low-cost airline for the third consecutive year at the World Finance Sustainability Awards 2023. The company states that World Finance magazine appreciated Wizz Air's sustainability credentials and its commitment to reducing emissions by another 25% by the end of the decade.
HP has reduced its absolute carbon footprint by 18% since 2019. The company's goal is to achieve net zero carbon emissions by 2040. HP has reduced single-use plastic packaging by 55% compared to 2018.
In the face of mounting environmental challenges, the FMCG sector is using innovation to reduce ecological impact and cultivate consumer trust. In this article, we explore key innovations for FMCG led by entrepreneurs in Central and Eastern Europe, such as alternative packaging materials and low-carbon protein alternatives.
Organizations face a shortage of sustainability skills, and the European Commission warns that labour availability in Europe will fall from 64% to 56% by 2070.
BRD – Groupe Société Générale granted sustainable financing of RON1.1 billion (€220 million) last year. BRD launched 2022 its first green lending products for individuals. Also, the BRD Group reduced its energy consumption by 12.5% compared to the previous year and the greenhouse gas emissions resulting from operations.
The Bosch Group focuses on sustainability in all areas of activity. The group has invested €83 million in Romania in 2022, mainly in the development of production units in the Electro-mobility Solutions business sector in Cluj and Blaj, as well as in the field of research and development, within the Bosch Engineering Center in Cluj, says Mihai Boldijar, general manager of Robert Bosch and representative of the Bosch Group in Romania.
At Romanian private equity fund ROCA Investments, ESG considerations are gradually turning into a critical part of the investment and portfolio management processes, says CEO Rudolf Vizental
The Bosch Power Tools division is taking a big step forward with regard to its sustainability goals. Thus, starting in the autumn of 2023, 23 new and improved measuring instruments will be available, together with the related accessories and packaging, all presenting a new concept of sustainability and being produced with as much recycled material as possible.
BASF plans to invest up to €4 billion to achieve its climate protection targets by 2030. The group wants to reduce greenhouse gas emissions from our production sites and our energy purchases by 25% by 2030, compared with the 2018 baseline. BASF set a global target to promote female leadership and aims to increase the proportion of women in leadership positions to 30% by 2030.
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.
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.
