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.
UPS cares about sustainability and aims to become carbon neutral by 2050 globally, says Daniela Constantinescu, UPS Country Manager for Hungary, Greece, Romania, and Slovenia.
Orange Romania is aligned with Orange Group's goal of achieving net-zero carbon emissions by 2040 and is implementing measures to monitor and optimize energy consumption while simultaneously increasing the use of electricity from renewable sources, says Teodora Toma – CSR Programs Coordinator, Orange Romania. She talked to Green Forum about the ESG objectives of Orange Romania and its commitment to a cleaner environment. She says that operating more sustainably has resulted in a reduction of approximately 4 GWh in the company's energy consumption in 2022. The company has collected approximately 395.000 old phones and many others in its Recycling boxes, a part of which being Refurbished. Orange Romania aims to have up to 20% refurbished phones in its offer by 2025.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.
Orlen has committed to driving the energy transition and a greener future.
The European Commission has approved, under EU State aid rules, a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive companies
Investment firm Mezzanine Partner has introduced the €100 million Energy Adria Fund, Croatia's first energy fund classified as "dark green".
