In 2022, expenses for environmental protection at the national level were RON 20.4 billion (€4.08 billion), representing 1.4% of GDP, according to data from the National Institute of Statistics (INS).
For 51% of employees, it is important that the employer is involved in environmental protection, according to a survey run by Genesis Property, among 1,307 respondents nationwide.
ALRO SA, one of Europe's largest vertically integrated aluminum producers, measured by production capacity, inaugurated an $11 million investment in technology and environment protection at its Eco Recycling Facility in Slatina.
Last year, Kaufland Romania was involved in the development and implementation of social responsibility projects worth €9 million, including two financing programs through which Kaufland offers non-refundable grants to non-governmental organizations. The company states that it is among the biggest supporters of NGOs that fight for causes such as health, environmental protection, education, healthy living, and sports or culture.
Four out of ten Romanians have not heard of any brand involved in sustainable actions, shows a study carried out by IZI for the Romanian Sustainability Embassy (ASR). According to him, responsible communication from truly sustainable companies is essential to combat the greenwashing phenomenon.
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.
