10 years anniversary Romania CST Index 2025 Results Announced

10 years anniversary Romania CST Index 2025 Results Announced

Romania Corporate Sustainability & Transparency INDEX (CST INDEX®), formerly known as Romania CSR INDEX (2016-2020), is the most important and complex ranking in the sustainability field in Romania.

The 10th anniversary edition marks a decade of a coherent and continuously evolving methodology.

The Romania CST Index is built on a robust and internationally aligned methodology. It integrates key European sustainability frameworks, including the CSRD and the ESRS, and reflects the disclosure principles of the GRI Universal Standards 2021, the world’s most widely used sustainability reporting standards. The Index draws inspiration from the best-in-class approach of the Dow Jones World Index and the Corporate Sustainability Assessment (CSA), adapting globally recognized practices to the Romanian market. In addition, it incorporates the UN Sustainable Development Goals (SDGs) and the principles of the UN Global Compact, ensuring a comprehensive evaluation of long-term economic, environmental, and social performance.

The reports or public disclosures of companies were evaluated using a scorecard consisting of 11 categories and 99 indicators, representing an increase of 14 indicators compared to the previous year. The scorecard includes 243 data points, an increase of 14 data points compared to last year’s 229 data points. The information analysed reflect the companies’ sustainability strategies and objectives, as well as their economic, environmental, and social impacts.

The Romania Corporate Sustainability & Transparency Index (CST INDEX) 2025 comprises 11 sections:

Sustainability Governance

Diversity Policy

Economic Impact

Climate Change and Energy

Environmental Governance

Human Rights and Anti-Corruption Policy

Responsible Employer

Product and Marketing Responsibility

Investments in Communities

Value Chain

Impact and Material Matters – DMA (Disclosure on Management Approach)

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RESULTS OF ROMANIA CST INDEX 2025:

LEADER, Gold Recognition: Coca-Cola HBC România – 97 points

LEADER, Gold Recognition: Kaufland România – 97 points

2nd Highest Scoring, Gold Recognition:  Autonom Services – 95 points

2nd Highest Scoring, Gold Recognition:  Raiffeisen Bank – 95 points

3rd Highest Scoring, Gold Recognition:  Banca Transilvania – 93 points

3rd Highest Scoring, Gold Recognition:  Distribuție Energie Oltenia – 93 points

3rd Highest Scoring, Gold Recognition:  Antibiotice – 93 points

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GOLD RECOGNITION

Autoklass – 91 points

LIDL România – 91 points

Romstal – 91 points

ADREM – 89 points

GreenPoint Management – 89 points

Bog’Art – 85 points

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SILVER RECOGNITION

Transavia  – 81 points

Compania Națională de Transport al Energiei Electrice Transelectrica – 80 points

Compa – 77 points

AROBS Transilvania Software – 74 points

Agricover Holding – 73 points

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BRONZE RECOGNITION

ROCA Industry – 60 points

Safir – 55 points

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Overall, the level of corporate sustainability transparency in Romania remains low. In 2025, a total of 60 sustainability reports or sustainability statements have been published to date, for FY 2024. Of these, six reports did not exceed the 50% threshold in the Romania CST Index evaluation.

When compared to the 714 companies that employed more than 500 employees in 2024, it results that approximately 92% of companies would not surpass the 50% threshold in the Romania CST Index assessment, mainly because they don’t have a sustainability report or statement.

Notes on information analysed:

For the evaluation, publicly available information was considered, as well as information provided directly to us that is scheduled to become public within the following month. Companies were assessed either through active participation or through a desk-based review of publicly available information, without receiving feedback from some evaluated companies.

More details about the Romania CST Index indicators can be found here: https://sustainabilityindex.ro/romania-cst-index-2025/

Bridging the Gap between Sustainability Theory and Real-World Action

Bridging the Gap between Sustainability Theory and Real-World Action

Antonio firmly believes that “sustainability is the only option we have.” But are businesses truly behaving as if that were the case? Genuinely ambitious sustainability is still far from standard practice. Too many companies treat it as an obligation or a box to check rather than as a strategic priority. This reactive approach limits the potential for meaningful change. Words–actions alignment is vital for driving real impact, and it all starts with leadership. As Antonio reflects, sustainability only delivers lasting change when it’s rooted in culture. When leaders make it a clear priority and hold themselves accountable, it sends a powerful signal across the organization.

Antonio Vizcaya Abdo is a Sustainability Advocate and Solutionist committed to advancing business action for the benefit of people and the planet. He is also a bridge between two often disconnected worlds: academia and business. With a background in strategy, consulting, and academia, he helps organizations embed sustainability into core operations, with expertise including materiality assessments, impact strategies, and alignment with frameworks such as GRI, SASB, and TCFD. As a professor and advisor, Antonio connects theory and practice. Both youth and leaders need clear pathways and tools to understand how their daily choices contribute to broader sustainability goals. Education is a key enabler – a bridge between awareness and action that unlocks the deeper understanding needed to drive real transformation.

In this exclusive interview for the yearbook Sustainability Index Magazine #3, Antonio shares the lessons he has learned from working at the intersection of sustainability theory and real-world application – and how we can make sustainability relatable by grounding it in everyday life, roles, and decisions.

1.As a LinkedIn Top Voice on sustainability, you have a front-row seat to evolving narratives in corporate responsibility. What is the most critical mindset shift companies must adopt to move from sustainability as a “trend” to sustainability as a business imperative?

Sustainability is not a novelty. Many companies have been addressing it for years, and real progress has been made. However, there’s still a long way to go before it becomes central to the corporate agenda.

The most urgent shift right now is moving from general support to a clear understanding of the business case. Companies need to strengthen their ability to assess the return on sustainability investments.

This isn’t easy. Despite a growing body of research showing the benefits of integrating sustainability, many businesses still struggle to measure impact in ways that inform decision-making.

Building the technical capacity to evaluate outcomes, quantify value creation, and connect sustainability efforts to business performance is what will ultimately shift the conversation from trend to strategy.

2.The introduction of CSRD is a game-changer. From your perspective, are businesses truly embedding sustainability into their core strategy, or do you see a risk of “compliance-first, real impact-later” approaches dominating the landscape?

There’s a bit of both. Many businesses today recognize that sustainability must be embedded in strategy. They see it as part of business continuity and long-term planning.

At the same time, a large number still spend more time meeting reporting requirements than thinking about how to use those processes to drive meaningful change. Regulations like the CSRD represent a unique opportunity. They can either be treated as a box-ticking exercise or leveraged to reshape priorities and bring clarity to internal decision-making.

A report I recently read shows that many companies undergoing CSRD processes found it a useful framework for enhancing their sustainability approach. When used effectively, regulation isn’t a constraint. It becomes a structure that supports better planning, risk management, and value creation.

3.Sustainability leadership now requires navigating shifting regulations, stakeholder expectations, and systemic innovation. What are the top three skills or mindsets that will define the next generation of sustainability leaders? Where do current leaders fall short?

Resilience, creativity, and curiosity. Resilience is critical to navigate uncertainty and push forward when faced with resistance or inertia. Creativity is needed to rethink conventional business models and develop new solutions. Curiosity enables leaders to ask better questions, stay open to learning, and connect sustainability to all parts of the organization.

Many current leaders still operate within traditional frameworks and tend to approach sustainability through a risk or compliance lens. The next generation must go further: thinking systemically, engaging diverse voices, and embracing the complexity of the transition we are navigating.

4.The conversation around sustainability is often dominated by “E” (environmental) concerns. How can we elevate the “S” (social) in ESG? What concrete steps should businesses take to ensure worker rights, fair wages, and diversity are not just add-ons, but fully integrated into sustainability strategies?

The social dimension of sustainability varies significantly by region. In some countries, issues like public safety, corruption, or basic human rights may take precedence over others. There’s no one-size-fits-all approach. The best starting point is understanding your organization, its context, and its resources. Long-term planning is key, but identifying low-effort, high-impact actions can help build early momentum.

Companies should also consider aligning with local regulations and exploring certifications that offer structured guidance. These tools can help prioritize action, build internal capacity, and ensure that social impact efforts are consistent, measurable, and relevant.

5.Greenwashing continues to undermine corporate credibility. What are the clearest red flags that expose performative sustainability?

A clear red flag is disproportionate focus on communication over substance. Many companies have emphasized marginal or one-off actions in recent years, creating inflated expectations and increasing the risk of greenwashing. In response, some are now falling into the opposite trap: “greenhushing,” where they under-communicate out of fear of criticism.

What we’re seeing now is a move toward more mature communication. The priority is to avoid showcasing progress before it’s measurable and to move away from storytelling based on isolated initiatives. Still, going silent is not the answer. Lack of communication creates confusion, weakens trust, and slows down engagement. The focus should be on transparent, balanced communication that reflects real progress and acknowledges the work still to be done.

The interview was initially published in the bilingual yearbook Sustainability Index Magazine no. 3, published in August 2025. You can flip through it here: https://sustainabilityindex.ro/sustainability-index-magazine-2025/

From Empty Talk to Real Impact: Escaping the “Bullshit”Sustainability Trap

From Empty Talk to Real Impact: Escaping the “Bullshit”Sustainability Trap

In today’s corporate world, “bullshit” can take many forms and appear in various situations. However, according to Andreas Rasche, it is not just a popular expression but also a rigorous academic concept. As a Professor of Business in Society at the Copenhagen Business School Centre for Sustainability and Associate Dean for the CBS Full-Time MBA Program, Andreas has dedicated his career to studying corporate sustainability. He is an author who has published seven books, written over 60 academic articles and cases, and collaborated with the United Nations, WHO, and the UN Global Compact LEAD Steering Committee.

Over the years, he has analyzed how businesses talk about sustainability – and how many get trapped in a vicious cycle of compliance, empty commitments, and missed opportunities. Companies often treat sustainability as a box-ticking exercise, prioritizing regulations over real impact. This mindset leads organizations to focus on appearances instead of meaningful action, reinforcing superficial engagement rather than driving change.

In this exclusive interview for the yearbook Sustainability Index Magazine #3 Andreas explores how this compliance-driven approach blinds organizations to the true purpose of sustainability: creating long-term value, mitigating risk, and making a tangible difference. He argues that businesses must break free from the “business case or nothing” mentality and embrace sustainability authentically, even when regulations don’t demand it.

1.In your paper “Bullshit and Organization Studies,” you explore how “bullshit” can be both functional and dysfunctional in organizations. Can you share the most thought-provoking findings? Looking ahead, what do you see as the biggest blind spot in today’s corporate sustainability discourse?

First of all, “bullshit” is a serious academic concept, despite the name. We based our thinking on Princeton Professor Harry Frankfurt’s remarks about bullshit.

He argues that while liars usually know that they are lying, bullshitters simply do not care about whether they are telling the truth or not.

Bullshit is, in a sense, empty talk, and the people who talk like that are not interested in the truth—they are more interested in impressing others.

Think about Donald Trump, who is the perfect example. He is lying, but he also uses a lot of empty statements. One of our main findings was that in some situations, bullshit can serve certain functions. Just think about how many employee appraisal interviews go: your boss wants to charm you to some extent without saying things exactly as they are.

One big blind spot of the sustainability discourse is that we do not reflect enough on the purpose of why sustainability actually matters. Companies are often blinded by compliance initiatives and desperately look for a business case for sustainability.

To some degree I understand this, but it also blinds them. We need to better reflect on the underlying purpose of engaging with sustainability, and often this includes some inconvenient truths—such as the fact that action and impact are urgently needed regardless of whether the law mandates it or whether you have a business case for it.

2.The Nordic Nine capabilities emphasize transparency in education. How do you see this principle applying to sustainability reporting, particularly with the evolving CSRD requirements in Europe? Can transparency alone drive meaningful corporate change, or does it need stronger enforcement mechanisms?
Copenhagen Business School developed the Nordic Nine capabilities as a kind of North Star which guides our education in all programs. This is a useful exercise for a big business school like ours. Many of the capabilities are needed for the meaningful implementation of sustainability regulations like CSRD.

For instance, one of the Nordic Nine is about being competitive and compassionate, and I think this matters a lot when doing reporting and due diligence.

Transparency can support corporate change. If you manage for lower carbon emissions, it is simply necessary to have data across years in order to check on progress.

Otherwise, you are flying blind. I do not think that stronger enforcement as such can make reporting more meaningful. Companies themselves make reporting meaningful by reflecting on what the collected data actually means.

3.The role of business schools in shaping regenerative leaders is more relevant than ever. You’ve also emphasized the importance of science-based knowledge in sustainability education. How can we bridge the gap between rigorous academic insights and the practical realities of corporate decision-making, where short-term financial pressures often dominate?
We need to make academic knowledge more accessible, and I am not talking about just providing the papers or books to the broader public. We need to translate research results and feed them into corporate practice and also policy-making. Academic research can point out that corporate short-termism is a misleading strategy, both in terms of the long-term survival of the company and also in terms of its sustainability impacts.

But you also need to think about the receiving side. We need a certain openness of managers and politicians to really trust in scientific findings and to reconsider decisions.

4.You’ve spoken about responsible businesses needing to be “authentic” in living their values. Given the increasing regulatory pressures, do you think companies are just reacting to compliance demands, rather than choosing sustainability authentically?

I think one of the mistakes with the EU Green Deal regulations – like CSRD and CSDDD – was that we missed the point of turning a compliance discourse into a discourse that emphasizes value creation.

In the end, many companies see these regulations as a cost burden and this is why they implement them reluctantly. So, companies ended up with a compliance view on sustainability.

But if you have such a compliance view, you, of course, do not create many benefits for the organization. And this lack of benefits then reconfirms your compliance view. It is a vicious circle. Breaking out of this circle requires reflecting on (1) your values as a business and (2) the value that regulations can bring in terms of better risk management or human capital management.

5.Many companies in Romania are still in the early stages of sustainability integration. What practical steps would you recommend for businesses that want to move beyond compliance and create real impact? If you were to give one brave prediction for the future of sustainability in Europe over the next decade, what would it be?

If you are in an early stage, ask yourself: Why do we engage in sustainability? Asking this “why-question” is critical as it forces you to reflect on your values and potential business value. Companies have different motivations to engage with sustainability, and that is totally alright. But there is a need to fully clarify the motive and to acknowledge it within management decisions.

I think we will see an increasing tension between Europe insisting on the objectives underlying the Green Deal and the ability of the continent to reach these objectives. Currently, the EU reframes the Green Deal to make it more compatible with competitiveness thinking.

While this is understandable given the shifting economic and political realities, it will also create tensions, as economic realities and the need for bold sustainability actions do not always neatly align.

The interview was initially published in the bilingual yearbook Sustainability Index Magazine no. 3, published in August 2025. You can flip through it here: https://sustainabilityindex.ro/sustainability-index-magazine-2025/

COMMUNITY INDEX 6th Edition launches results for 2024 ranking

COMMUNITY INDEX 6th Edition launches results for 2024 ranking

  • The Azores Sustainability & CSR Services announces the release of the results for the 6th edition of the Community Index, the most comprehensive annual ranking of community investment projects in Romania, organized in 21 categories.
  • Companies are positioning themselves as changemakers and aligning their corporate values more closely with community investment.
  • CSR projects are starting to be as rigorous as business projects

Community Index is a detailed and comprehensive assessment of the CSR field in Romania. It maps important projects across a large number of categories with the aim of helping all stakeholders, including employees, consumers or investors, to understand the status of the market and to have a broader perspective on the involvement of companies in Romania. In addition, the index aims to be a useful tool for industry professionals to help them make better-informed decisions on future community investments. The Community Index Scorecard, which has 43 indicators, can serve as a checklist to analyze the degree of complexity and performance of a project.

In October 2024, The Azores Sustainability & CSR Services will launch the bilingual yearbook Community Index Magazine, 6th edition, which will feature many interesting case studies and over 20 exclusive interviews with national and international experts. The Yearbook is the leading publication in Romania dedicated to the CSR field and has the mission to be the primary source of information on trends in community investment, CSR and corporate sustainability.

2024 ranking results

The market for investments and donations in support of communities has grown in recent years and amounts to more than EUR 100 million annually in Romania, mainly for projects in education for students – 7.3%, down from last year’s 9.4%, health – 7.3% (up from 6% in 2023) or disadvantaged environments – 13.5% (23% in 2023). Another area of interest for companies is Arts & Culture, 6.5%, down from 10% in 2023. In contrast, only 2% of the projects undertaken by companies in Romania are aimed at tackling climate change, down from 4% in 2023, and 4% of projects are towards sustainable cities, up from 1.5% in 2023.

The majority of projects in Romania are in the field of education (23.6%) and these have started to be more diversified than in previous years. Consequently, a new category has been created to reflect these trends: Education & Personal Development, where projects on topics such as Bullying or Education for Sustainability are present. In the first 5 years of the Community Index we had 4 categories dedicated to education: Education for Students, Education for Careers, Tech Education and Education for Entrepreneurs, reflecting the status of the CSR field in these years. Another new category in 2024 is dedicated to Grants, keeping in mind that these initiatives have become more complex than in previous years.

One of the outstanding projects that received a distinction in the Community Index 2024 is Time for Good (Timp pentru Bine), developed by Kaufland Romania: it is a communication platform to inspire people towards social engagement and sustainability. Another large-scale project recognized in the Community Index is the Early Innovators Business Plan Competition, developed by BCR: a national business plan competition for high school students.

In the Reduce Reuse Recycle category, the project Good Day pe Via Transilvanica (Ziua Bună pe Via Transilvanica), developed by Coca-Cola HBC Romania & Tășuleasa Social Association received the Gold distinction – it is the largest greening action on the Via Transilvanica in a joint effort to clean and conserve an area of about 1000 km. Also in the Reduce Reuse Recycle category, Auchan Romania received the Gold distinction for DRS before DRS (SGR înainte de SGR), a project launched in preparation for the Deposit-Return System.

It is also worth mentioning the “Friendly Cities” (Orașe prietenoase) report, part of the Civic Labs program, carried out with the support of JYSK Romania, through which Code for Romania identifies the main problems in Romanian society in several fundamental areas: Education, Health, Environment, Vulnerable Groups and Civic Participation.

National and international trends

In the context of recent global conflicts and uncertainty, companies are positioning themselves more strongly as changemakers. Companies are shifting their attention away from the focus on donated amounts and mass communication of these philanthropic acts. They are now focusing on working more closely with NGOs, involving employees as volunteers and having an impact measured against international standards such as the B4SI Community Investment Framework or Social Return on Investment (SROI).

In the future, companies will increasingly invest in such impact measurement tools. Having clarity and more information on the impact produced is what will attract more investment from companies.

“There is more focus now on effective project management and smart investing. Information on projects includes more accurate data than in previous years, especially on impact. This trend will continue and the Community Index rankings are ready to assess the complexity of projects and are aligned with the main international standards in the field. Projects that have a good strategy can significantly improve their results and contribute to a greater extent to the sustainability and resilience of a community.” says Alina Liciu, Managing Partner The Azores Sustainability & CSR Services.

Community Index annually analyzes over 850 projects in Romania. The ranking is part of the Romania CST Index (Corporate Sustainability & Transparency Index), which evaluates the indicators published by companies in their sustainability reports. The 2024 Index is based on projects carried out between January 2023 – May 2024 and takes into account both scorecards completed by companies and projects detailed online, on corporate websites or in project reports published by NGOs. The ranking has 21 categories and projects are assessed on the basis of a scorecard with 43 indicators. The main objectives of the Community Index are to structure all these projects in a database and analyze how they align with the 17 Sustainable Development Goals (SDGs). More details can be found here: https://communityindex.ro/community-index-2024/

The Interconnectedness of Human and Planetary Health

The Interconnectedness of Human and Planetary Health

Exclusive interview with Jessica LECLAIR

Clinical Assistant Professor & Postdoctoral Trainee, University of Wisconsin-Madison School of Nursing

Planetary Health is “a solutions-oriented, transdisciplinary field and social movement focused on analysing and addressing the impacts of human disruptions to Earth’s natural systems on human health and all life on Earth”, according to the São Paulo Declaration on Planetary Health. Not an optional road to take, especially for healthcare professionals who are ethically obliged to integrate climate change into their work, as they are dedicated to protecting and preserving life.

Jessica LeClair is paving the way forward as a Clinical Assistant Professor and Postdoctoral Trainee at the University of Wisconsin–Madison School of Nursing. She has co-chaired the Wisconsin Public Health Association’s Climate and Health Section, the Global Nurses Climate Change Committee with the Alliance of Nurses for Healthy Environments, and UW-Madison’s Planetary Health and Justice Initiative.

In this exclusive interview for Community Index Magazine, Jessica shares her long-term goal: building a research program that identifies and facilitates effective public health practices that advance planetary health.

1.Human and planetary health are inextricably connected, as climate change is becoming a public health issue. How does your work reflect this connection between climate change and global health? How do you promote environmental justice and health equity?

    My long-term goal is to improve the health status of populations most burdened by the triple planetary crisis: climate change, pollution, and extinction. Beyond compromising all human health, these threats have disparate and inequitable health impacts on marginalised communities worldwide. These global threats present a local public health crisis. Racialised and low-income communities are often on the “frontlines” of climate disasters and along “fencelines” to industrial pollution. Limited evidence supports strategies to mitigate poor health outcomes among these frontline and fenceline communities.

    I promote justice and health equity by educating the future nursing workforce and launching a research program to build new knowledge on these topics. As a scientist and educator, I work with people with lived expertise in planetary health and justice and how nurses can strategise to promote health equity through authentic community partnerships.

    2.Why are nurses and medical professionals an essential element in dealing with climate change? What are the most impactful things they can do to protect people’s health in the face of climate change?

    Nurses and other health professionals across many roles practice in communities that experience health inequities and partner with community-based organizations to improve various public health outcomes. Therefore, they hold untapped potential to address the health impacts of the triple planetary crisis. Assessing and understanding the disparate and inequitable population health impacts is essential for nurses to strategize public health interventions, create socially just policies, and strengthen resilience in partnership with communities.

    Nurses who want to advance justice for planetary health must understand the inequitable public health impacts of the planetary crisis in Black, Brown, and Indigenous communities, the history of the Environmental Justice Movement in response to these impacts, the complexity of solutions, and the ethical ways in which nurses can engage in the movement. Understanding communities’ perspectives on the frontlines of climate injustices and the fencelines of toxic industries can inform nurses’ actions to advance justice for public and planetary health.

    3.We are going through a “great transition”, one that will require rapid and deep structural changes across most dimensions of human activity. What is the biggest challenge for the healthcare space in the years to come?

    Challenges fall within the domains of adaptation and mitigation. The planetary crisis operates on a global scale and manifests in local health issues, thereby posing significant challenges for public health practitioners who are responsible for addressing health issues within local jurisdictions. The crisis exacerbates local health conditions and introduces new threats, so public health practitioners must be prepared to support community resilience and promote health equity.

    While the challenge to adapt and thrive within the planetary crisis is great, the solutions to mitigate the planetary crisis must also be critically assessed. For example, nurses and other healthcare professionals who advocate for climate justice must understand how resource extraction has always hinged on the displacement of Indigenous Peoples and the destruction of critical ecosystems. Any climate “solutions” that perpetuate racist, capitalist systems of extraction and oppression are not sustainable, nor will they restore public and planetary health. Environmental justice scholars and activists stress that decarbonization does not mean displacement and death. Decarbonization must mean decolonization: a fight for sovereignty, autonomy, and dignity for all Indigenous peoples, forging new relationships that break the colonial paradigm.

    4.What advice would you give to healthcare professionals who want to start aligning their work with sustainable development?

    Ultimately, technological and market-based solutions created under colonial, racist paradigms will not restore public and planetary health because they do not address the root causes of the triple planetary crisis. Our social, political, and economic systems of extraction must be transformed into regenerative systems that liberate all life and foster collective resilience.

    Environmental justice scholars and advocates point to the frontline and fenceline communities as the places to focus the work of social restructuring and sustainable development through community partnerships. Frontline and fenceline communities have experiential knowledge about effective planetary health strategies, yet they are often excluded from action planning and are structurally allocated fewer resources for adapting and thriving. Understanding the perspectives and experiences of frontline and fenceline communities and their inequitable health impacts is essential for healthcare professionals as they partner to strategize health interventions, create and assure socially just policies, and strengthen community resilience.

    Envisioning a hydrogen-powered future

    Interview with OGHOSA ERHAHON, Independent Consultant, Hydrogen Policy Expert, TEDx Speaker and Co-Author of “Touching Hydrogen Future”

    Envisioning a hydrogen-powered future

    Hydrogen, often perceived as a buzzword in the energy discourse, holds great significance as a crucial element for achieving global net-zero objectives. Not only it signifies a technological shift but it also embodies a responsibility in our collective journey towards decarbonization. Regardless of the uncertainties surrounding the energy transition, one thing is crystal clear: the vital role of human capital.

    In this exclusive interview, Oghosa Erhanon shares valuable insights from her co-authored book, “Touching Hydrogen Future,” and her TEDx speech, “Carbon Neutrality.”

    Oghosa is a seasoned legal expert with a rich background in crafting policies and strategies across energy and sustainability sectors. Her multifaceted experience includes roles in government-led missions, donor-funded programs, and consultancy management spanning continents from Africa to Europe. From advising on the GIZ-Global Hydrogen Diplomacy Programme to serving as a Hydrogen Policy Expert for the Research Institute for Sustainability, her expertise has shaped global conversations on energy transformation.

    Discover the complexity of opportunities and challenges brought by the hydrogen transition, guided by Oghosa’s wealth of knowledge and expertise.

    1. Hydrogen is an element of hope for both our economy and our future regarding climate change. What are, in your opinion, the most valuable applications for hydrogen in achieving net-zero goals?

    Hydrogen, possibly a buzzword but a critical energy vector, comes with its responsibility towards reaching global net-zero goals. Hydrogen development brings versatile applications for pathways towards decarbonization. Let’s take the hard-to-abate industries: the ones which would be harder to simply electrify. Hard-to-abate industries include steel production, cement production and ammonia synthesis etc. which are necessary industries for industrialization. So, as our global population increases the world needs roads, housing, and general infrastructure. Low-carbon hydrogen facilitates the decarbonization of these hard-to-abate industries, ultimately reducing emissions that would otherwise have been emitted.


    Further, hydrogen as an appreciated application is valuable in energy storage. As a last frontier on the decarbonization journey, long-duration energy storage – like hydrogen – offers a solution to excess energy generation, especially from renewable energy sources. An example is enabling the integration of renewable energy into the grid and advancing the decarbonization journey.

    2. You are one of the co-authors of “Touching Hydrogen Future: Tour around the Globe”. Almost 150 years after Jules Verne first envisioned a world powered by hydrogen, the book paints a picture of a transformed world powered by hydrogen and other energy transition vectors. What is your input in educating and inspiring the next generation to embrace and actively contribute to the development of hydrogen technology?

    The “Touching Hydrogen Future” book changed our lives! My co-editors, Erik Rakhou and Rosa Puentes, and our over 27 co-authors have been some of the most inspirational people I have created with. We started this conversation in 2021, raising an idea of what the world could be with focus and determination towards achieving our decarbonization goals across industries and communities.

    The book covers so many interesting topics for the next generation to embrace and actively contribute to the development of hydrogen technology. It’s worth mentioning that what I appreciate about the chapters covering Namibia, China or Kazakhstan is that they offer space for the younger generation to imagine what is possible. Navigating careers and emerging technologies ahead of net-zero future can easily be overwhelming – I find it easier to start from what an ideal world looks like and then work backwards. For example, let’s say you are a civil engineer: What would the future need from you? Start there!

    3. In your TEDx Talk, “Carbon Neutrality: Small Changes, Big Impact”, you discuss the urgent need for carbon neutrality and the role individuals and nations can play in reducing carbon emissions. What are the key takeaway ideas from your speech you want to share with our readers?

    Oh, what a time that was! Reaching Carbon Neutrality is to be a continuous effort without any hard stop. What we see with targets and deadlines is that they act as guidelines towards ensuring strategies and metrics are adequately in place to enable sustainability. So, when people say “reaching net-zero emissions or carbon neutrality”, we expect, by 2040, for example, a country positioned to decarbonize industry or meet neutrality to have frameworks, projects, strategy, projects completed, educational facilities, and continuous development working to provide low carbon systems.

    My initial story towards carbon neutrality is the concept of carbon sink: finding ways to sequester carbon. It is vital to consider tree planting, biodiversity, protecting ocean reefs and so on, but my key takeaway is empowering everyone to know that decisions – big or small – have an impact. However, the main impact will have to come from the biggest emitters – and that’s where the majority of the emission trading schemes, cross-border carbon adjustment methodologies etc. are cracking down on.

    I also believe that reaching carbon neutrality is a privileged experience. The reason being that so many countries, for example, barely reached their optimized energy consumption levels. Now they have an opportunity to develop systems that have sustainability and low carbon possibilities from the onset.

    4. You believe green hydrogen requires a massive scale-up of renewable energy capacity, and this process could boost employment opportunities and the creation of new jobs. Could you offer some examples of such professions?

    This is an increasingly popular question. I appreciate communities like Green Careers Hub and their work in elevating these possibilities especially when it comes to discussing employment and sustainable jobs for the future. The energy transition is posed with so many uncertainties but one thing we know for sure (beyond artificial intelligence) is that we will need people for this transition.

    People who are savvy in design, who know how to handle technology, work on community sensitization, and who understand legal frameworks, financial structures, intellectual property and even knowledge management. So many exciting positions! I also understand where the fear comes from especially with school leavers or professionals in traditional energy spaces navigating the transition. Sustainable jobs are the future: the fundamental skills we learn now are adaptable for the next five, ten and even thirty years!

    CSRD: Popular myths, common mistakes and key opportunities

    Exclusive interview with Michel Scholte

    Impact Entrepreneur, Speaker & Co-Founder, Impact Institute; Instructor, CSRD Academy

    CSRD: Popular myths, common mistakes and key opportunities

    CSRD mandates comprehensive and consistent reporting on sustainability metrics, driving companies to disclose their environmental, social, and governance (ESG) performance more transparently. It is also seen by many as overwhelming, burdensome or costly. There are still many questions left unanswered.

    In an exclusive interview for Sustainability Index Magazine, Michel Scholte helped us identify the most popular myths, common mistakes and key opportunities around the intriguing CSRD.

    Michel is an impact entrepreneur, keynote speaker, sustainability writer, director and co-founder of Impact Institute and True Price. In this role, he focuses on calculating and improving the true price of products, including social and environmental costs. Impact Institute provides data, software, (digital) education and advice on impact measurement and management. Michel is also a founding board member of Impact Economy Foundation, where he develops an open-source impact accounting method together with Harvard Business School’s Impact Weighted Accounts Initiative.

    1. Impact Institute is a social enterprise on a mission to empower organizations and individuals to realize the impact economy through open-source standards for impact measurement and valuation. How would you define “impact”? What is your piece of advice for a company that aims to identify and improve impact, but is not sure where and how to start the journey?

    At Impact Institute, we define “impact” as the tangible and intangible consequences of an organization’s actions on the environment, society, and economy. It encompasses both positive and negative effects, measured not only in financial terms but also in social and environmental dimensions. Essentially, impact represents the real-world footprint of an organization’s activities.

    For companies aiming to identify and improve their impact, my advice is to start with a comprehensive impact assessment. Begin by mapping out your value chain and identifying key areas where your operations intersect with environmental and social factors.

    Engage with stakeholders, including employees, customers, suppliers, and communities to gather diverse perspectives on your impact. Use robust measurement tools and frameworks, such as the Impact-Weighted Accounts Initiative, to quantify and analyze these impacts.

    Once you have a clear picture, prioritize areas for improvement based on their significance and feasibility. Set measurable goals, integrate them into your core business strategy, and continuously monitor progress. Transparency and accountability are crucial. Communicate your impact goals and achievements openly to build trust and drive collective action.

    Remember, the journey towards positive impact is ongoing and requires collaboration, innovation, and a commitment to sustainability at all levels of the organization.

    2. CSRD ACADEMY was started by Impact Institute to empower businesses and professionals to help them comply with the CSRD and address the current sustainability challenges through the guidance of leading experts in sustainable development, finance, education and compliance. Which are, in your view, the top three consequences of CSRD for the transformation of the role of businesses? What about the key opportunities you envision for companies?

    Through CSRD ACADEMY we educated more than 500 professionals and 100 companies across Europe and beyond. The Corporate Sustainability Reporting Directive (CSRD) will significantly transform the role of businesses in three major ways:

    1. CSRD mandates comprehensive and consistent reporting on sustainability metrics, driving companies to disclose their environmental, social, and governance (ESG) performance in a more transparent manner. This heightened transparency will foster greater accountability and trust among stakeholders, including investors, customers, and regulators.
    2. Businesses will need to integrate sustainability into their core strategies, decision-making processes, and operations. This shift from peripheral CSR activities to central strategic imperatives will encourage companies to innovate and adopt more sustainable practices, leading to long-term resilience and competitiveness.
    3. CSRD emphasizes stakeholder engagement and requires companies to consider the interests and impacts on various stakeholders. This will drive businesses to engage more deeply with their stakeholders, fostering collaboration, and addressing material issues that are critical to their long-term success.

    There are multiple key opportunities for companies under CSRD, but I will focus on the top three. First of all, early adopters of comprehensive sustainability reporting can differentiate themselves, attract sustainability-conscious investors and customers, and gain a competitive edge. Secondly, identifying and managing ESG risks proactively, companies can mitigate potential financial and reputational risks. Last but not least, the push for sustainability can spur innovation, leading to more efficient processes, cost savings, and new business models that align with a low-carbon and circular economy.

    3. What are the most popular myths around CSRD and the most common mistakes made by companies in reporting?

    Many believe CSRD will be overwhelmingly burdensome and costly. While compliance does require effort and investment, the benefits of improved risk management, enhanced reputation, and long-term sustainability far outweigh the initial costs.

    There is also a misconception that CSRD imposes a one-size-fits-all approach. In reality, CSRD allows for sector-specific adaptations, recognizing that material impacts and reporting needs vary across industries.

    One of the most common mistakes in reporting includes poor data quality and the lack of reliable data sources that can undermine the credibility of sustainability reports. Companies often fail to invest in robust data collection and management systems.

    Another mistake we identified is that, when reporting, some companies focus on superficial disclosures rather than addressing material impacts. It’s crucial to provide meaningful and substantive information that reflects genuine sustainability efforts.

    It is also important to mention that failing to engage with stakeholders can result in overlooking critical issues and missing valuable insights. Effective reporting should be inclusive and responsive to stakeholder concerns.

    4. You are a frequent Speaker on topics that include sustainability reporting frameworks, stakeholder engagement, and ESG metrics. In what ways do you believe CSRD will impact relationships in the business environment?

    CSRD will profoundly impact company and stakeholder relationships in various ways.

    By mandating detailed and reliable sustainability disclosures, CSRD will enhance trust between companies and their stakeholders. Transparent reporting allows stakeholders to make informed decisions and hold companies accountable for their ESG performance.

    CSRD encourages ongoing dialogue with stakeholders, fostering a more collaborative and inclusive approach to sustainability.

    Companies will need to actively engage with stakeholders to understand their concerns, expectations, and priorities, leading to more responsive and impactful sustainability strategies.

    As companies align their operations with sustainability goals, the interests of various stakeholders – such as investors seeking long-term returns, customers demanding sustainable products, and communities concerned about environmental and social impacts – will increasingly converge. This alignment can lead to stronger, more resilient relationships and shared value creation.

    The grand re-boot: Everyone can be a circular economist!

    Interview with Harald Friedl, Circular Economist & LinkedIn Top Voice

    The grand re-boot: Everyone can be a circular economist!

    An urgent and complete “re-boot” of the economic system is needed more than ever. Harald believes the current model of consumerism has reached unacceptable states. The good news is that everyone has the power to accelerate the transition toward a circular economy, foster innovation and collaboration, and create a new model whose essence is regenerative by design. A model that would bring more happiness to all people.

    Harald is an internationally renowned circular economist. He advises the United Nations in several countries and is working with top companies on their road towards circularity. His extensive consulting experience spans across industries, as he served as the CEO of the do-tank Circle Economy in Amsterdam, and spearheaded the circular transition in his home country, Austria, in his role as Circular Economy Accelerator for the Austrian Government in 2022. The global yearly “Circularity Gap Report” Harald co-initiated is one of the most referenced publications in the field of circular economy.

    In this exclusive interview for Sustainability Index Magazine, Harald shares inspiring insights and concrete steps to make the circular dream a tangible reality.

    1. You’re on a mission to inspire 111 million people and address the “lack of awareness” gap which is holding back the accelerated transition to a circular economy. How are you making this project tangible and, most importantly, why?

    The circular economy is all about “doing things fundamentally better – and not just a little bit less bad.” We have let the economy and pursuit of the bottom line take over how we run things.

    I believe we have to take a broader view of what we want in life and how we steward our resources.

    I find the circular economy, which is regenerative by design, a great and actionable concept. It’s easily explainable – to a Minister, a CEO or a child in my son’s school. Most of us agree that we have to take care of the planet and the people. The huge environmental, social and economic crises we have caused because of the traditional economic model are now damaging the very base of our existence. Hundreds of millions of people are forced into migration because of climate change, water and air pollution that have reached globally alarming levels. Not to mention the micro plastic that has entered our blood stream!

    The good news is that we can still change all of this! What we need is an urgent and complete “re-boot” of the economic system and our model of consumerism that has reached unacceptable states (take the super-fast fashion industry as an example).

    Such a new model has to be “circular” and “regenerative” by design. I strongly believe such a system would bring more happiness to all people. How can we make that tangible? By following three clear steps. Firstly, we need to urgently raise enough awareness about the “circular economy” as an action plan for sustainable change. Secondly, all countries urgently need roadmaps, analog to “Climate Action Plans”, so they can take action toward the necessary transition measures. Thirdly, we need to build the circular business models and socialize a new way of sustainable consumerism so that the “right demand” stands ready to support and drive the “circular native businesses” of the future.

    Everybody can and shall be a circular economist and help clean up the mess we have put ourselves into!

    2. How do you see policy and regulation influencing this transition? What are your benchmarks in terms of specific policies or initiatives that have been particularly effective in driving progress? Could you offer some examples?

    Smart policymaking is now more urgent than ever. Without it, we are not going to realize the change we need and for the future we deserve. In short, the top five policy measures that a government that is serious about circularity should push are:

    1. Fiscal instruments to incentivize circular practices. For example, Finland aims to “formulate justification and proposals for a circular shift of taxes,” including tax relief for circular enterprises. Spain plans to examine taxing plastic production from fossil fuels, combined with incentives for a circular plastics hub.
    2. Extended Producer Responsibility (EPR) schemes make producers of products responsible for end-of-life resource management. There is movement on plastics, packaging, and electronics. We need more of that. 
    3. Public procurement. The state can set an example and use public resources in a way that incentivizes circular businesses. The Netherlands, Portugal and Spain are committing to integrating circular economy criteria into public procurement practices.
    4. Sector-specific Action Plans. Countries like the Netherlands, Portugal, and Spain have developed or committed to developing sector-specific circular economy action plans, recognizing the need for tailored approaches across priority sectors such as construction, plastics, and manufacturing.
    5. Monitoring and Governance. Robust monitoring frameworks and governance structures have been established to track progress and hold stakeholders accountable. For example, the Netherlands mandates an annual “Integrated Circular Economy Report” by its Environmental Assessment Agency, while Finland has a dedicated steering group to coordinate implementation.

    Effective circular economy policies require a systemic and inclusive approach targeting key barriers along entire value chains.

    3. Collaboration across sectors is crucial for the success of circular economy initiatives. Can you share some examples of successful partnerships between businesses, governments, and NGOs in advancing circular economy goals?

    I love to work on circularity, as it is all about collaboration. I am really proud that, in 2018, I co-initiated the global “Circularity Gap Report”, which has become a real reference point for seeing the progress with the circular transition. We launched it with countries, the United Nations, NGOs as well as businesses and business alliances.

    That has created buy in and credibility.

    I love initiatives like the “New Plastics Economy Global Commitment”, led by the Ellen MacArthur Foundation. Not only it creates a vision and unites all stakeholders, but it has also catalyzed significant commitments and actions, such as companies pledging to increase their use of recycled plastics. More action is needed, especially regionally and in specific industries. Multi-stakeholder platforms such as the African Circular Economy Alliance are also very promising initiatives I admire.

    4. What role do companies have in bridging the circularity gap? What would be their biggest gain for playing their part responsibly?

    Companies can accelerate and deliver what is at the core of the circular economy: innovation and collaboration. They will also find several real gains with the transition, such as cost savings, new business models, more resilience in a more and more supply-side driven economy, growing demand or enhanced reputation.

    5. What do you think is the main challenge or blockage hindering the widespread adoption of circular economy practices? How can it be overcome?

    The main problem is the mindset. I feel many have been losing themselves in the rat race and the pursuit of individual happiness. If we could open our minds again to the community and the power of connection, I believe we would very naturally discover different forms of collaboration. 

    That’s why I am hopeful that circularity and regeneration will be adopted and implemented at an increased speed. Just imagine! We could push for this at the same time: developing a new economic model that is not only focused on profit, educating the new generations, making a new sustainable form of consuming hip and trendy, and supporting policy makers with setting the right parameters today, and not tomorrow. Accelerated change is possible today!

     I love to believe in this and I am proud to get up every day – and do it!

    Our Garden, Carrefour România

    Strategy of the Project

    As part of its commitment to become the leader of the food transition for everyone, Carrefour invests in strengthening its local ecosystem and in the relationship with Romanian producers, in order to offer customers fresh, local food at affordable prices.

    Six years ago, Carrefour Romania created a unique and sustainable collaboration model, by founding the first agricultural cooperative in Vărăști. Until 2022, Carrefour has expanded its local footprint by launching partnerships with three new cooperatives, in Zărand, Brezoaele and Însurăței. Later, in 2023, the retailer added six new cooperatives to its portfolio: Fierbinți, Beiuș, Ostrov, Târgu Secuiesc, Huși and Voinești.

    Seasonal fruits and vegetables from Carrefour’s ten agricultural cooperatives who are partners can be found on the retailer’s shelves under the label Our Garden. The products sold under this brand are grown locally, by more than 240 families of farmers and agriculturists with tradition, who benefit from support in terms of planning and harvesting. Our Garden is a circular program that puts fresh fruits and vegetables on the shelves of over 430 Carrefour Romania stores within a maximum of 24 hours from harvest. The company aims to enter into partnerships with at least two new cooperatives in the next two years.

    With the largest portfolio of local producers in the fresh food area, Carrefour supports more than 1,300 farmers nationwide, of which ~700 are ultra local producers, offering solutions to streamline the production process, transport and shelf visibility.

    Objectives

    One of the objectives of the program is to develop relationships with local suppliers. In recent years, one of the constant consumption trends reveals customers’ preference for local products (in partial overlap with traditional and/or ecological products). Carrefour relies on partnerships with local producers, which are considered a long-term investment. Another strategic objective refers to the expansion of the network of ultra local suppliers. Carrefour Romania currently benefits from commercial relations with ~700 ultra local suppliers, farmers who deliver their products to the store, within a maximum radius of 50 km from the farm. Thus, the development of a local ecosystem of suppliers and partners is considered, in which the local footprint represents an essential strategic pillar, both on the demand side and on the consumption side.

    Business Alignment

    The company’s intention is to supplement the number of local suppliers, mainly in the agricultural sector, to cover the market demand with a varied offer of Romanian products. Carrefour is, from this point of view, on an accelerated development trend: of the total of 4,000 suppliers with which the company works, ~ 93% are Romanian partners.

    Statistics/ Market Analysis

    The retail industry is increasingly forward-looking, embracing carbon footprint offsetting, healthier eating options, reducing food waste and increasing the number of locally developed private labels, all of which are trends that continue to take extent in Romania as well.

    Carrefour considers the impact on the environment when discussing solutions with partners for their cultures. In programs like We Grow Romania BIO, the environmental impact is an essential criterion in the assistance they offer to farmers, to make the transition to ecological crops. Regarding the relationship with the partner cooperatives, the retailer envisages multi-year projections, on a case-by-case basis, where it discusses options such as conversion to organic for certain crops.

    Impact and results & Communicating the Project

    The results of Carrefour Romania in terms of the local footprint are significant: 19 cooperatives, of which 15 are suppliers and ten are partners (Our Garden in Vărăști, Zărand, Însurăței, Brezoaele, Fierbinți, Beiuș, Ostrov, Târgu Secuiesc, Huși and Voinești). The products from partner agricultural cooperatives are marked on the shelf through dedicated branding and made known to the general public through marketing campaigns, partnerships with media representatives or various public figures, recognized in the online environment.

    EXPO DIY 2024 – Smart Green Home, a B2B event dedicated to the construction industry, will take place on 26 – 27 June

    More than 100 exhibiting companies showcasing their top portfolio solutions

    The third edition of EXPO DIY – Smart Green Home, the largest professional fair in Romania and the region dedicated to DIY, building materials, interior design, garden and home products, with a focus on “green” solutions and products, will take place from 26 to 27 June 2024, at the Polytechnic University of Bucharest.

    Launched in 2022, the EXPO DIY 2024 event ensures the continuity of the Smart Green Home concept in its third edition, where it aims to promote and exhibit, on a total area of 3,500 sqm and more than 100 stands, a variety of ecological/green products and solutions that already contribute to a more sustainable future.

    “EXPO DIY 2024 – Smart Green Home is an essential opportunity for industry professionals to discover the latest trends and technologies in sustainability and energy efficiency in construction. Through this event, we aim to facilitate connections between exhibitors and visitors, providing a space conducive to exchanging ideas and establishing strong business partnerships. In this way, we are committed to contributing to the industry’s advancement towards a greener and smarter future”, said Claudiu Ciobanu – co-founder Retail FMCG Media, organiser of EXPO DIY 2024 – Smart Green Home.

    EXPO DIY 2024 – Smart Green Home is a closed B2B event, visitors are industry professionals only, who fit the following profile: buyers/ category managers from retail (chain stores and online stores), purchasing managers from import and distribution companies, business owners, managers from construction companies, developers of real estate, office and industrial projects, architects and designers.

    On the other hand, the exhibitors are manufacturers/suppliers of products from the DIY, Home Improvement & Garden sectors covering categories such as: home & deco, home & garden, DIY, power tools, DIY, hardware, building materials and finishing installations (water, gas, electrical), electrical products, protection and safety equipment, furniture and accessories, household products, smart home solutions etc.

    What’s new at DIY EXPO 2024

    The EXPO DIY 2024 exhibition offering brings together a variety of renowned companies, each bringing with them innovative solutions for construction, DIY and interior design. For example, Stanley Black & Decker, with an impressive history of over 175 years in the tool industry, will showcase hand and power tools under its top brands, cementing its reputation as a leader in the field. At the same time, Yalco will showcase a diverse range of DIY, home and garden products, highlighting its expertise and focus on customer needs.

    Meesenburg is another top exhibitor, a business with a rich history that has expanded its expertise in the building products trade in Romania, offering craftsmen and tradesmen access to their own brand, blaugelb®, recognised for its reliability in window and door assembly. At the same time, ZEBRO focuses on bringing innovative solutions for near-zero consumption buildings, promoting sustainability in construction through their initiatives and platforms.

    Rawlplug Romania, which has become a reference name on the local construction market, will present its fastening solutions, building on an impressive history of innovation in the field, and Riviera Works, a 100% Romanian owned company, will be present at the exhibition with its established brands, such as TOTAL or Wolfson, offering a wide range of products for construction and interior design.

    Other companies with 100% Romanian capital present at EXPO DIY 2024 include the producer Green Project, active in the production of hobby substrates, fertilizers and natural plant treatments – under the brand Dr.Soil, Golden Fish, which imports and markets a wide portfolio of tools and implements for home, farm, garden and orchard under the umbrella of its own brands: Micul Fermier, Detoolz, Almaz and Micul Pădurar and Procema Perlit, producer of expanded perlite – an excellent ecological thermal insulation used in construction.

    Avisol, a brand of Aviputna, brings to the public the 100% natural organic fertiliser, produced by a unique Japanese technology, environmentally friendly and compliant with EU organic production standards. On the other hand, Aleido, a representative of Alternativo.ro, proposes lighting solutions and power generators based on solar energy, bringing together modern design and advanced technology under the umbrella of a Romanian brand connected to the innovations of the future.

    This year’s notable exhibitors include the Polish Investment and Trade Agency, which will bring to the fair Polish manufacturers specialising, among other things, in green building solutions and smart homes.

    This year’s foreign presence is complemented by other exhibitors from Italy, Austria, France and the Czech Republic.

    Exhibitors and visitors can pre-arrange their meetings at the event

    A differentiator of EXPO DIY 2024 in the local trade fair and exhibition market landscape is the concept of pre-scheduled business meetings – B2B Meetings – a platform to schedule meetings between buyers and suppliers in advance of the exhibition date, setting up the discussions that will take place during the two-day event.

    Thus, the B2B Meetings platform is a very effective tool to start new business at the event, where companies can hold face-to-face meetings in a specially designed space. Moreover, during EXPO DIY, Romanian manufacturers have the opportunity to showcase their products to foreign buyers and consultants, a unique opportunity to enter new markets.                       

    About EXPO DIY – Smart Green Home

    EXPO DIY – Smart Green Home is an international B2B event, expo & B2B Meetings type, dedicated to DIY, Home Improvement & Garden product categories, with focus on “green” products and solutions, organized by BricoRetail.ro business publication, part of Retail FMCG Media.