On April 11, 2022 the European Bank for Reconstruction and Development (EBRD) reported that the “Bucharest Stock Exchange (BVB) has published its first environmental, social and governance (ESG) reporting guidelines for listed companies, developed with the technical assistance of the European Bank for Reconstruction and Development (EBRD).
The shift towards green and sustainable assets depends critically on additional and more detailed ESG data to inform investors’ decision-making. As a result, reporting has become an essential tool for measuring how companies manage climate and sustainability risks. Taking actions to mitigate global challenges such as climate change, supply chain risks or biodiversity loss has never been more critical.
The ESG Reporting Guidelines for issuers were prepared in cooperation with sustainability consultancy Steward Redqueen and are intended to be a crucial tool for companies that are determined to contribute to Romania’s low-carbon transition. The Guidelines also provide clear and comparable information to investors and ensure that they are well placed to comply with forthcoming EU reporting requirements under the Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainable Reporting Directive (CSRD).
You may read the article on the EBRD internet site.