It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
Top lenders discussed their strategies for integrating ESG considerations into financing decisions at the first CEE ESG Forum 2024, organised by Property Forum and Green Forum in Vienna last November.
Monia Dobrescu, Partner at Mușat & Asociații, spoke to Property Forum about the growing role of ESG criteria in bank financing of real estate projects and the prospects for investment in the local market in 2024.
UniCredit Bank has been declared by the British magazine as the Best Bank in Romania for Companies and ESG.
The future of ESG (Environmental, Social, and Governance) in Romania appears promising.
The total added value generated by the Group and its collaborating franchisees reached €2.1 billion in 2023, marking a 30% increase from 2022.
Over 500 companies from across the country are expected to attend the ESG Journey event series from May to November 2024, organized by Social Innovation Solutions in partnership with UniCredit Bank Romania.
Skanska introduced its ESG+ office package, responding to evolving market dynamics and EU regulations.
Six sectors were responsible for carbon dioxide emissions resulting from energy consumption, namely agriculture and fisheries, buildings, electricity, industry, and transportation.
Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.
E.ON Energie Romania completed and handed over 161 photovoltaic power plants for 142 partner companies in 2023.
Rezolv Energy announced the signing of the connection contract for the future 600 MW Danube East and West wind farm in Constanta.
The photovoltaic power plant has a generating capacity of 3.8 MWp.
Romania signed a €610 million contract with Polish rolling stock manufacturer PESA to purchase 62 new regional electric trains.
Cris-Tim Group is taking the first step towards the transition to electromobility.
Electrica is implementing an AI algorithm system that will identify the energy footprint of the main receivers in the head office.
JTI Romania follows the group's strategy to improve its environmental footprint, says Gilda Lazăr, Director of Corporate Affairs & Communications at JTI Romania, Moldova & Bulgaria.
Diageo has set a complex 10-year ESG action plan called “Society 2030: Spirit of Progress” which outlines its commitments and actions for a more sustainable future, says Gergely Abraham, Corporate Relations Director Eastern Europe at Diageo.
UniCredit Bank Romania has financed the photovoltaic plant in Şarmăşag, Sălaj County, with €39.3 million, thus supporting Romania's transition to green energy.
Sustainability in office design should be considered as an integral and systemic approach, rather than a series of isolated actions, says Horatiu Didea, Managing Partner of Workspace Studio.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
