Romania should have a body that regulates the ESG field (environment, social, and governance), and the ministries should prepare sustainability reports, says Călin Ionescu, CEO of Sphera Franchise Group. Although there is an obligation to publish the ESG report for all companies with over 500 employees, apart from multinationals, most do not publish it because there is no sanction.
The company Sphera Franchise Group SA presents its sustainability plans and announces that it will implement energy-efficient lighting (LED lighting) in all its locations until 2024.
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.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
