EY: Only 32% of Romanian managers see ESG reporting as a major challenge
Integrity standards in companies around the world appear to be improving, driven by better management guidance and tighter regulations. However,…
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ESG
OMV Petrom publishes the Sustainability Report – 1GW green projects planned
OMV Petrom, the largest integrated energy producer in Southeast Europe, has published its Sustainability Report for 2023. It provides an…
Boards must embolden management to embed sustainability
The absence of clear strategic action on sustainability could cost businesses, with policymakers potentially introducing severe and stringent measures to…
BNR: Six out of 10 banks already have an organizational structure dedicated to climate change
Six out of 10 banks already have an organizational structure dedicated to climate change and another 5% intend to develop…
Suppliers complain about legislative uncertainty, lack of liquidity and Guarantees of Origin
The suppliers ask the responsible authorities to establish a real long-term dialogue for the development of new legislation to ensure…
Fitch warns that an era of downgrades is ahead for oil and gas companies
Most of the fossil fuel industry could face a period of downgrades if producers don’t quickly adapt to a low-carbon…
Schneider Electric’s 2023 Q1 impact results highlight unwavering focus on sustainability
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the 2023 first quarter results…
ESG reporting should be considered by SMEs, too
Although not mandatory for SMEs, ESG reporting should concern them too in light of their business relationships with large firms,…
Global ESG Monitor assessed sustainability reporting for the 20 companies included in the Bucharest Stock Exchange (BET) index
Romanian corporations significantly trail their global peers when it comes to the reporting of non-financial ESG data, according to Global…
Monsson and Rezolv Energy to build one of the largest solar parks in Arad, of 1GW
Monsson, one of the most important developers of green energy projects in Romania, has signed an agreement with Resolv Energy…
Gehrig Schultz, EPI Group: Oil and gas still have a role to play in the future energy mix
As the world pushes for the quick replacement of fossil fuels with renewables, we have to think about how this…
PwC: Only 30% of listed companies have an ESG implementation plan
For most companies listed in Romania, non-financial reporting is a matter of compliance, with only 30% actually having an environmental,…
Michal Fonea Alexandron, Material Future: Investors and companies are increasingly taking ESG standards into account
Most institutional investors are implementing and aligning with ESG (environmental, social and governance) standards and report very transparently every year…
EY: The coming period becomes increasingly intense in terms of sustainability reporting and European funding
The period ahead is becoming increasingly intense in terms of sustainability demands and reporting, at a time when Ernst &…
Accenture: Only 7% of respondents have fully integrated their business, technology and sustainability strategies
As businesses set more ambitious environmental, social and governance (ESG) goals, their sustainability and technology strategies need to become more…
Enel’s position as a sustainable leader, confirmed by its inclusion in the FTSE4Good and Euronext Vigeo-Eiris indices
Enel’s role as a global leader in sustainability was reconfirmed in the mid-year 2022 review of the FTSE4Good Index Series,…
Investors, asked from August 1 about their ESG objectives
Investors will be asked from August 1 if they have environmental, social and governance (ESG) objectives, as a result of…
Enel: 1 million euro donation to UNHCR and Save the Children for Ukraine
The campaign promoted by Enel and aimed at the people working in the Group in support of UNHCR (the UN…
BVB launches first ESG Reporting Guide with EBRD support
Bucharest Stock Exchange (BVB) has published its first reporting guide according to environmental, social and governance standards (ESG) for listed…
Distribution company Aquila announces the inauguration of a 0.1 MW solar power plant
Aquila, the largest distribution company in Romania, has announced the inauguration of a 0.1 MW solar power plant and has…
Establishment of the Council for International Sustainability Standards, a step forward in defining ESG indices
The Foundation for International Financial Reporting Standards (IFRS Foundation) has officially announced the establishment of the International Sustainability Standards Board…
Investors tend to give up investing in companies that do not have enough ESG initiatives
Nearly half (49%) of global investors are willing to give up investing in companies that do not have sufficient environmental,…
Romanian capital market will have new ESG standards that will attract investors
Romanian capital market will end up with transparent ESG (Environmental, Social, Corporate Governance) standards and to the liking of investors,…