Business | 29 May, 2024 at 12:00 PM
Regulatory developments in Romania drive green financing growth
The future of ESG (Environmental, Social, and Governance) in Romania appears promising.
The future of ESG (Environmental, Social, and Governance) in Romania appears promising.
Amazon will enable 12 new renewable energy projects in Spain, with a combined capacity of 596 MW.
Europe will need to modernize its distribution grids to enable widespread electrification of transport, heating, and industry.
Nestlé has pledged to decrease its greenhouse gas (GHG) emissions by 20% by 2025, halve them by 2030, and attain net zero by 2050.
The total added value generated by the Group and its collaborating franchisees reached €2.1 billion in 2023, marking a 30% increase from 2022.
Their goal was to complete the interior finishes on four houses, which will soon be handed over to families in need in the village of Moara Noua, Prahova County.
The company is working to advance its sustainability commitments in the four focus areas of sustainable innovation, climate, biodiversity, and inclusion, diversity and equity.
Helios & Wind Energy has received approval to construct 31 wind turbines with a total capacity of 186 MW/hour in Romania.
Over the next five years, OMV Petrom plans to provide approximately 800 GWh of renewable energy to all Saint-Gobain facilities in Romania.
The Energy Performance of Buildings Directive has come into effect, marking a significant step in the EU's energy strategy.
1 million liters of used oil have been collected to date, preventing improper disposal and environmental pollution.
This five-year pact maps out strategies for developing more than 10.5 gigawatts of new renewable energy capacity.
Speakers of the panel on best practices at Romania ESG Forum 2024 opened a discussion revolving around ESG investing and decarbonization strategies.
The European Council has formally endorsed a directive aimed at extending reporting deadlines for specific industries and companies outside the EU.
Eurostar has committed to power its trains entirely with renewable energy by 2030.
The European Commission and EU consumer authorities have reached out to 20 airlines regarding potentially misleading green claims.
For the green transformation of the Romanian economy, it is of critical importance to have a true alignment of the private and public sectors.
The European Parliament has given its final approval to new regulations requiring companies to address their negative impacts on human rights and the environment.
PepsiCo announced the implementation of its latest eco-friendly initiative: the integration of photovoltaic panels across three key sites in Romania.
The European Parliament adopted new measures to make packaging more sustainable and to reduce the quantity of packaging waste in the EU.
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).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
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.
