ARIR - Romanian Investor Relations Association’s Post

Welcome ECONOS ESG 🌱 to the BEROCC community! 🌟 ECONOS ESG 🌱 is an advisory firm specialized in non-financial reporting, headquartered in Bucharest, Romania. Offering a comprehensive package for ESG reporting, ECONOS ESG 🌱 provides specialized services such as Carbon Footprint Assessments, Life Cycle Assessments (LCA), EU Taxonomy Reports, CBAM Reports, and ESG workshops. These services enable companies to measure and communicate the sustainable impact of their activities effectively. The ECONOS ESG 🌱 team consists of experts in legislative frameworks, public policies, and environmental engineering. With a strong focus on the Environmental segment of ESG, ECONOS stands out among other consulting firms due to its scientific expertise, especially in the context of the Corporate Sustainability Reporting Directive (CSRD). Currently serving over 200 clients across the EU, with a particular emphasis on Romania, ECONOS ESG 🌱 has extensive experience in auditable reports and supports clients from more than 12 sectors in their sustainability journey. Recognizing the challenges companies face in assessing and comparing emissions due to a lack of local data, ECONOS ESG 🌱, in collaboration with public and private authorities, is developing the first Romanian carbon footprint database. We are thrilled to have ECONOS ESG 🌱 join our community and look forward to collaborating for a sustainable future! 🌍   #ESG #Sustainability #BEROCCCommunity

With a goal to achieve the sustainability targets set in the historic European Green Deal, the European Financial Reporting Advisory Group (EFRAG) has initiated the phased implementation of Corporate Sustainability Reporting Directive (CSRD) norms for all large corporations, listed SMEs, and non-EU corporations with subsidiaries based in the EU. The CSRD is a game-changer for businesses across the EU and beyond. As organizations strive for greater transparency and accountability, the CSRD introduces stringent requirements for sustainability reporting, going beyond financial metrics to include environmental, social, and governance (ESG) factors. Unlike in India, where only the top 1,000 listed corporations are mandated to submit their Business Responsibility and Sustainability Reporting (BRSR) to SEBI, the CSRD will require more than 40,000 corporations based in the EU to submit their sustainability disclosures. This will enhance the scope and public monitoring of sustainability initiatives taken by local-level small and medium enterprises. I thank the CSRD Institute for the insightful course and look forward to learning more about this fascinating world of ESG and sustainability. 🌱 #BRSR #Sustainability #ESG #CorporateResponsibility #SustainableBusiness #IndiaBusiness #CorporateGovernance #Europianunion #corporatesustainability #sustainabledevelopment #climatechange #sebi

Environmental, social and governance (ESG) imperatives have become fundamental to the investment decisions businesses make. By effectively including and implementing ESG in business strategy, businesses can become more resilient and attractive for investment. The 2024 Sanlam ESG Barometer has broadened its scope to include insights from companies listed in Kenya. The report, researched by Krutham, examines the evolving ESG dynamics, assessing how both JSE-listed and Kenyan-listed companies are actively enhancing environmental and social outcomes through their activities. Download your copy of the 2024 #SanlamESGBarometer Report: https://lnkd.in/ekDp8dmj

New ESG reporting requirements in Romania, aligned with the EU's Corporate Sustainability Reporting Directive, mark a significant step towards corporate transparency and sustainability. Failure to adapt could lead to lost investment opportunities, reputational damage and potential legal consequences. Roxana Roman (Dudau), Ana Maria Mustatea and Nina Lazar provide insights into these new requirements and the steps businesses can take to prepare. Read the full Client Alert here: https://wt.legal/S9wb #WolfTheiss #LawDoneRight #ESG #Sustainability #CorporateReporting #Romania

Starting from the 2024 financial year, Hungary has introduced new #ESG reporting requirements under Act CVIII of 2023. Initially, the regulations apply to large companies with over 500 employees, with the scope expanding to smaller companies by 2025. These companies must conduct #sustainability due diligence and submit certified reports to comply with local regulations, overseen by the Supervisory Authority for Regulated Activities (#SZTFH). Hungarian subsidiaries of multinational corporations face specific challenges, as local ESG reports are required, even when a foreign parent company provides consolidated reports. Read the details in Gergely Horváth and Barbara Darcsi's recent Legal Insight: https://lnkd.in/d3wPawKN

✨Monica Movileanu, Partner Audit & Financial Accounting Advisory Services, ESG Leader,PwC Romania, will join on Wednesday our summit and talk about: "𝑪𝒍𝒊𝒎𝒂𝒕𝒆 𝒓𝒆𝒑𝒐𝒓𝒕𝒊𝒏𝒈 𝒖𝒏𝒅𝒆𝒓 𝒕𝒉𝒆 𝑮𝑺𝑹𝑫 - 𝑨𝒓𝒆 𝒚𝒐𝒖 𝒓𝒆𝒂𝒅𝒚 𝒇𝒐𝒓 𝑬𝑺𝑹𝑺 𝑬1?" Join her tomorrow at the 3rd edition of the 𝐍𝐞𝐭 𝐙𝐞𝐫𝐨 𝐂𝐚𝐫𝐛𝐨𝐧 𝐒𝐮𝐦𝐦𝐢𝐭 2024 conference on Carbon Emissions • Energy Efficiency • Sustainability • ESG, organised by GOVNET Romania this 𝐀𝐩𝐫𝐢𝐥 2️⃣4️⃣ at the Sheraton Bucharest Hotel. Let's come together with Auchan Retail România, Carbon Tool, Coca-Cola HBC Romania, ERM, Eutron Invest Romania, NHOOD, Photomate Green Energy Romania, PwC Romania, S.N.G.N. Romgaz S.A., CarbonExpert, Coalitia pentru Economie Circulara - CERC, MET Group, Polytrade Global to share perspectives on the path to Zero Carbon Emissions, learn about organizations best practices and explore ways to collaborate on the journey to NET ZERO. Sustainability leaders will debate on the social, health and economic benefits of Zero Carbon energy projects, exploring the the economic and environmental value of achieving operational carbon reductions. ✨Moderator: Adrian Ion, General Manager GOVNET Romania Register today: https://lnkd.in/da-vdiXF. #climateaction #decarbonisation #smartconferences #leaderssummit #esginvestment #carbonneutrality #compliance #corporategovernance #zerocarbon #environmental #leaders #projects #carbonreduction #resourceefficiency #networkingplatform #carbonoffsetting #transparancy #datatraceability #circulareconomy #netzerocarbon2024

🔍 What's New in ESG Regulations? Below you’ll find a selection of updates that brings you legal updates affecting the venture capital and private equity industry.   🌱 Invest Europe GP ESG Due Diligence Guide: https://lnkd.in/dd5aCq6z 🌱 The Danish implementation of CSRD has been adopted: https://lnkd.in/dDXG_EDx 🌱 Final approval by the EU Parliament of the Corporate Sustainability Due Diligence Directive: https://lnkd.in/d8_Y_ivQ 🌱 ESG KPI report 2024 by Invest Europe: https://lnkd.in/dKsMPGyx 🌱 Exposure Drafts on sustainability reporting standards for SMEs: https://lnkd.in/dYiMhmwZ 🌟 Why Mazanti Pulse? Mazanti Pulse aims to be your go-to platform for Danish VC and PE insights and offers legal, tax, and regulatory updates tailored to the needs of industry players.   #MazantiPulse #VentureCapital #PrivateEquity #LegalInsights #ESG

🌿 Unlocking Financial Benefits Through Sustainability Reporting 🌍 Mariana Javakhyan, Senior Consultant at Grant Thornton Armenia, shares insights featured in the latest issue of AmCham Armenia Business Magazine. Sustainability reporting isn't just about ticking boxes; it's linked to financial performance. Evidence shows adopting sustainable practices can reduce costs and attract investors. ESG disclosures influence consumer decisions, boosting revenue for forward-thinking firms. Embracing sustainability as a financial imperative can lower borrowing costs and widen access to capital. In essence, sustainability reporting is a strategic move unlocking financial benefits and a brighter, more profitable future! To learn more about Sustainability and ESG advisory services provided by Grant Thornton Armenia, visit https://lnkd.in/eQXXU2xt #GTArmenia #PartnerforGrowth #ESG #SustainableFuture

💡 Transition Tuesday – discover EFAMA’s policy priorities for the next 5 year legislative mandate. This week we focus on a topic of much urgency – the sustainable transition. Europe needs to remain a global leader in sustainable investing, as this will boost competitiveness and help fund the necessary green transition. Our recommendations cover: ✔️  More investor-friendly sustainability disclosures as part of the SFDR review ✔️ Investor access to reliable ESG data on the companies they invest in ✔️ Consistency across various sustainability regulations ✔️ Integration of a clarified transition finance concept into sustainability regulations ✔️ Lowering barriers to shareholder engagement and voting 👉 Download the full priorities document, including detailed policy suggestions, on our website: https://lnkd.in/e4ijkwNV #sustainablefinance #assetmanagement #esginvesting #sfdr