Real estate | 9 November, 2023 at 1:20 PM
ESG becomes a key factor in real estate investments
A new report has explored how ESG is helping real estate investors maximize their returns.
A new report has explored how ESG is helping real estate investors maximize their returns.
The Council of ESG Employers in Romania (CPESGR) has invited professionals dedicated to the environment, social aspects, and corporate governance to participate in the development of the first Guide for the implementation of ESG in Romania.
Schneider Electric has announced that after entering into exclusive negotiations with Atos Group on July 3, 2023, it has finalized the acquisition of EcoAct SAS, a company that offers climate consulting and net zero solutions headquartered in Paris, France.
A key component of the sustainability strategy that E.ON pursues is to be climate neutral by 2040, says CEO of E.ON Romania, Volker Raffel. He talked to Green Forum about the group's strategy regarding sustainability, its ESG policies, and E.ON Romania's sustainability goals for the next period.
As of this year, the Romanian state officially recognizes Sustainability Day in Romania.
Sonae Sierra announced that it is improving its ESG practices with international recognition.
Nokian Tyres has raised the SDG flag in support of the United Nations' Sustainable Development Goals.
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
A sustainable building, whatever its destination, can be 15-20% more expensive than an ordinary one, says Marian Ciupitu, General Manager of Terano Construct. He talked to Green Forum about the company's ESG strategy and about the advantages of a sustainable building. He also says that Romania is continually improving its position regarding environmentally friendly constructions, but compared to Western European countries, Romania is still far from being a role model in this aspect. Marian Ciupitu specifies that the company strives to develop sustainable buildings that reduce the impact on the environment, improve the lives of communities, and promote high standards of ethics and transparency in all operational aspects.
BAT aims to be carbon neutral across its own operations by 2030, says Ileana Dumitru, Legal, and External Affairs Director for the South Eastern Europe Area at BAT. She talked to Green Forum about the role of ESG in BAT`s global strategy and about the company`s most ambitious sustainability targets.
Speedwell, a real estate developer in Romania, published its 2022 Sustainability Report, the first official ESG reporting document of the company.
PepsiCo factories in Romania have achieved a 100% recycling rate.
Massive changes in sustainable development foresee the beginning of a new era in history: the Decarbonisation Era, according to BuildGreen, an ESG and sustainability consultancy company in Central and Eastern Europe.
BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices.
ING Bank Romania has invested €11 million in the past 11 years in environmental actions in Romania and €1.2 million were donated in 2022 alone for vulnerable groups' support, says Alexandra Maier, Sustainability Manager at ING Bank Romania.
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.
Crayon is partnering with EnterTeq to provide companies with innovative digital solutions for ESG alignment and increased sustainability.
Cornerstone Investment Management, a CEE-based private equity investment management firm, acquired Ecowipes, a European manufacturer of biodegradable wet wipes, in cooperation with Kartesia, a European specialist financing provider.
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.
Lidl Romania aims to contribute to the development of sustainable local agriculture by promoting organic farming and regenerative farming practices, which contribute to soil health and biodiversity conservation.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Roeslein & Associates, a leading engineering, procurement, and construction (EPC) services company, announced the opening of its new European Design Center in Krakow, Poland.
The global energy transition, projected to cost €190 trillion by 2050, could see cost reductions of nearly 25% through the use of de-risking instruments.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
