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Frumoasa Office, 30 Frumoasa Street, second floor, 1st district, 010987 Bucharest, Romania
ESG (Environment, Social, and Governance) framework in Romania represents a company’s dedication to sustainability and ethical conduct. The move towards obligatory ESG reporting in Romania stems from both legal obligations and community demands, emphasising the importance of transparency and ethical standards across various business industries. Currently, it is a mandated for larger corporations and specific sectors in selected regions, aligning with the worldwide movement towards corporate responsibility.
While mandatory ESG reporting is not universally required for all businesses at present, opting for voluntary disclosure offers a number of advantages. Primarily, it demonstrates a proactive dedication towards sustainable and ethical business practices.
Adopting voluntary ESG reporting in Romania represents a strategic decision for your business in terms of corporate responsibility. Voluntary adoption of ESG practices, offers both competitive advantages and strategic benefits, enhancing your company’s reputation and meeting the evolving expectations of stakeholders, customers and business partners. This proactive approach showcases forward-thinking and contributes to both sustained success and societal well-being.
The significance of ESG reporting is growing within the Romanian market, resonating customers, suppliers, banks, and potential employees, who are increasingly attentive to the environmental, social, and administrative aspects of businesses. In particular, it has become quite common for banks to ask for ESG reports or assessments of carbon footprint from clients and suppliers. With more companies embracing these reporting practices, the demand from business partners is anticipated to rise more. Moreover, an ESG report serves as a single document, consolidating relevant information and facilitating effective communication of sustainability efforts and social responsibility initiatives, thereby strengthening relationships with stakeholders.
ESG reporting goes beyond mere regulatory compliance; it emerges as a crucial factor in gaining a competitive edge. In today’s market, clients seek partners who demonstrate a clear commitment to sustainability and social responsibility. Through the presentation of an ESG report, you transparently showcase your dedication to making a positive environmental impact and surpassing minimum requirements.
In the light of the ever-changing landscape of laws and regulations, it is anticipated that ESG requirements will soon extend to small and medium-sized enterprises (SMEs). By proactively incorporating ESG principles into your business planning, you prepare your company to adjust to evolving obligations and stay ahead of the emerging landscape of non-financial corporate reporting trends, thereby future-proofing your business operations.
See how these 9 transformative benefits of voluntary ESG reporting can give your business a competitive advantage.
Our team of specialists in Romania is prepared to create an ESG report tailored to your business, aligned with the Corporate Sustainability Reporting Directive (CSRD). Our approach emphasises the development of clear, concise reports presented in a visually appealing format that reflects your business’s identity and design. Alongside ESG reporting in Romania, our services encompass additional consulting for employee development and environmental conservation strategies. For instance, our tool for analysing company vitality and social environment can assess employee satisfaction and perceptions of company culture, and colleagues. These insights can seamlessly integrate into your ESG report, informing initiatives and activities related to employees.
Our wide range of services includes a variety of specialized solutions designed to meet your ESG requirements:
Ready to take your business to the next level with ESG reporting in Romania? Contact us today to explore how we can assist you in building a sustainable and responsible future.
Frumoasa Office, 30 Frumoasa Street, second floor, 1st district, 010987 Bucharest, Romania
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and more than 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 50 jurisdictions with nearly 2,500 professionals, we support more than 15,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 200,000 pay slips globally.
