Launch of the bilingual Sustainability Index Magazine, 2nd edition: ESG profiles and new developments in sustainability

Launch of the bilingual Sustainability Index Magazine, 2nd edition: ESG profiles and new developments in sustainability

The Sustainability Index Magazine, 2nd edition, highlights the top performers in sustainability according to the Romania CST Index, as well as the latest trends and innovations in corporate sustainability from local and international experts.

  • The Azores Sustainability & CSR Services Agency launches the second edition of Sustainability Index Magazine, a premium bilingual publication (Romanian – English) that aims to present the current status of corporate sustainability in Romania.
  • Readers will find in the magazine the results of the only corporate sustainability index in the country, Romania CST Index, as well as interviews with national and international experts, educational articles, and case studies.
  • The publication aims to promote corporate sustainability as a responsible business management practice, as well as to help companies to develop a more effective strategy based on aggregated market information.

Sustainability Index Magazine is following in the footsteps of Community Index Magazine, the bilingual yearbook containing the results of Community Index: a ranking of programs and projects run by Romanian companies to invest in communities, launched in 2019.

The publication can be particularly useful not only for professionals in the field, but also for local and multinational companies, investors, universities, PR agencies and authorities.

The second issue of the magazine has more than 100 pages and the online version is offered free of charge to contribute to the development of the field. The yearbook in digital format as a flipview can be viewed here: https://sustainabilityindex.ro/sustainability-index-magazine-2024-3/

What’s in the Sustainability Index Magazine?

The second edition of the Sustainability Index Magazine brings to the forefront sustainability profiles of companies that have published sustainability reports for their operations in Romania. The profiles are organized along several dimensions in order to have a real and clear picture of companies’ objectives and investments in Romania: audit of sustainability reports, key figures, targets achieved and future goals.

The yearbook also features exclusive interviews with globally and regionally recognized corporate sustainability experts such as:

  • Michel Scholte, Impact Entrepreneur, Speaker & Co-Founder, Impact Institute; Instructor, CSRD Academy
  • Oghosa Erhahon, Independent Consultant, Hydrogen Policy Expert, TEDx Speaker and Co-Author of “Touching Hydrogen Future”
  • Harald Friedl, Circular Economist & LinkedIn Top Voice

The yearbook also features interviews with nationally recognized personalities with extensive experience in sustainability management and strategies, such as:

  • Marco Hößl, CEO Kaufland Romania and Republic of Moldova
  • Fady Chreih, CEO Regina Maria
  • Valentin Truță, General Director Premier Restaurants Romania
  • Gemma Webb, CEO & President RetuRO
  • Raluca Dascălu, Communications Manager JYSK ROMÂNIA
  • Roxana Puia, Marketing Director ENVIRON Association
  • Luiza Dumitru, Communication & Marketing Director OSCAR Downstream
  • Corina Radu, CEO Solutions4Impact Consulting
  • Alina Liciu, Managing Partner The Azores Sustainability & CSR Services

What is Romania CST Index?

Romania CST Index (Corporate Sustainability & Transparency Index), launched in 2016, is the first ranking in our country dedicated to performance and transparency in the field of corporate sustainability/ESG. The index proposes a comprehensive and transparent analysis, aligned with international standards, and is the largest database on sustainability indicators of companies in the country.

To carry out the analysis, the index uses public company data on environmental, social, and governance issues. Indicators assessed cover areas such as climate change, sustainable products, labor practices, community investment, risk management, responsible marketing or supply chain, among others.

What are the main objectives of Romania CST Index?

A sustainability index is important because it is a tool to assess a company’s performance in comparison with other players in the industry and in the country. Romania CST Index aims to contribute to increasing the level of transparency on sustainability indicators and to recognize the companies with the greatest progress in Romania in addressing the principles and requirements of international standards for corporate sustainability management and reporting.

Thus, the Romania CST Index aims to promote corporate sustainability as a responsible business management practice. The index can also help companies to better develop their strategy based on market intelligence.

What are the results of the analysis?

2024 comes with many challenges, but also opportunities for the corporate environment in the EU and implicitly in Romania to integrate sustainability considerations into business decisions. Legislative changes at European bloc level set ambitious new targets for transparency and ESG performance, but also bring more clarity and consistency.

The Romania CST Index 2023 analysis shows a slight increase in the number of companies publishing sustainability reports. We are also seeing progress in setting smart targets on environmental, social and governance factors, and best practices from industry leaders that point to opportunities for improvement across the sector.

However, the number of companies publishing sustainability reports continues to be low, below 10% in 2023 in Romania, out of the more than 750 companies that have this obligation.

ESG is however starting to be integrated in several departments of organizations: finance, procurement, HR or marketing. This change indicates a need to increase the number of trainings on sustainability principles so that all these professionals understand the importance of integrating these principles into their business strategy and practices.

Finally, an important aspect emerging from the analysis is the need for a data collection and monitoring strategy and infrastructure. The sustainability strategy should include a high number of SMART indicators. Targets need to be measurable, clear and aligned to the industry and specificity of the organization. Analysts and investors need this information in order to compare different organizations in the same industry and assess who is performing best.

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About the Editor

The Azores Sustainability & CSR Services is a sustainability consultancy established in 2013 with the aim of supporting companies in Romania on integrating corporate sustainability into their business strategy. The Azores Sustainability & CSR Services has an approach focused on long-term results, the use of IT technology for a high level of accuracy of sustainability indicators and analysis/research to support company decision makers in defining corporate sustainability strategy.

The agency’s most important and complex project is the Romania CST Index, formerly called Romania CSR Index, ranking launched in 2016 and which is the only one in Romania that assesses companies’ sustainability indicators: information on sustainability management, economic, environmental and social impact. The Index is launched every year at the Best Practices in Corporate Sustainability conference.

In 2019, the agency launched the Community Index, the most comprehensive ranking of corporate community investment projects and a centralizer of the best CSR campaigns run each year by Romanian companies. The ranking results, together with case studies and interviews with national and international experts, are presented every year in Community Index Magazine, the only bilingual yearbook dedicated to community investment by Romanian companies.

Yearbook Launch 2023: Sustainability Index Magazine! Sustainability profiles and current status in Romania and CEE

The bilingual yearbook brings to the forefront top performers in sustainability according to Romania CST Index ranking, as well as the latest trends and innovations in corporate sustainability from local and international experts

Bucharest, the 15th of May, 2023

  • The Azores Sustainability & CSR Services agency launches the first edition of the Sustainability Index Magazine, a Romanian-English bilingual yearbook that aims to present the current status of corporate sustainability in Romania.
  • In the magazine, the readers will find the results of the only corporate sustainability index in the country, Romania CST Index, as well as interviews with national and international experts, educational articles, and case studies.
  • The publication aims to promote corporate sustainability as a responsible business management practice, as well as to help companies develop a better performing strategy based on aggregated market information.

Thus, Sustainability Index Magazine follows in the footsteps of Community Index Magazine, the bilingual yearbook that contains the results of the only index of programs and projects carried out by companies in Romania to invest in their communities, launched in 2019.

The publication can be useful not only to professionals in the field, but also to local and multinational companies, investors, universities, PR agencies, and authorities.

The first issue of the magazine is over 120 pages long and is offered free of charge to help raise the level of market know-how. It is offered in digital format, as a flipview, and can be viewed here: https://sustainabilityindex.ro/sustainability-index-magazine-2023/

What will you find inside Sustainability Index Magazine?

The first edition of Sustainability Index Magazine brings to the fore the sustainability profiles of companies that have published sustainability reports for their activity in Romania. The profiles are set up on several coordinates to have a real and clear picture of the companies’ objectives and investments in Romania: the audit of sustainability reports, achieved targets, and future objectives.

The yearbook offers exclusive interviews with experts in the field of corporate sustainability, recognized globally and regionally, such as:

  • Alice Schmidt, Global Sustainability Advisor and Author of “The Sustainability Puzzle”
  • Magdalena Krzysztofik, Head of CEE at Steward Redqueen
  • Simona Stiliyanova, co-founder and Managing Partner at Osnova and ESG and Marketing Director at BlackPeak Capital
  • Arianne Hofstetter, co-founder of Global ESG Monitor

It also features interviews with nationally recognized personalities with extensive experience in management and sustainability strategies, such as:

  • László Borbély, State Councillor, Department for Sustainable Development, Government of Romania
  • Cosmin Ghiță, CEO Nuclearelectrica
  • Ömer Tetik, CEO Banca Transilvania
  • Marco Hößl, CEO Kaufland Romania and the Republic of Moldova
  • Alexandru Stânean, General Director TeraPlast

What is Romania CST Index?

Romania CST Index (Corporate Sustainability & Transparency Index), launched in 2016, is the first ranking in our country dedicated to corporate sustainability. The index identifies the companies with the highest degree of transparency and performance in Romania. For this purpose, it proposes a complex and transparent analysis, aligned with international standards, and constitutes the largest database on the sustainability indicators of companies in the country.

To carry out the analysis, the index uses public data of companies regarding environmental, social and governance aspects. The indicators assessed cover areas such as climate change, sustainable products, labor practices, investment in communities, risk management, responsible marketing or the supply chain, among others.

What are the main objectives of Romania CST Index?

A sustainability index is important because it is a tool for evaluating a company’s performance compared to other players in the industry and in the country. Romania CST Index aims to contribute to increasing the level of transparency regarding sustainability indicators and to recognize the companies with the greatest progress in Romania in addressing the principles and requirements of international standards for corporate sustainability management and reporting.

Thus, Romania CST Index aims to promote corporate sustainability as a responsible business management practice. At the same time, the index can help companies better develop their strategy based on market information.

What are the results of the analysis?

2023 comes with many challenges, but also opportunities for the corporate environment in the EU and implicitly in Romania to integrate sustainability considerations into business decisions. The legislative changes at EU level set ambitious new targets for transparency and ESG performance, but also bring more clarity and coherence.

Romania CST Index analysis indicates a slight increase in the number of companies that publish sustainability reports. We are also seeing progress in setting targets for environmental, social and governance factors, and best practices from industry leaders that point to opportunities for improvement across the sector.

However, the number of companies that publish sustainability reports continues to be reduced, below 10% in 2022 in Romania, out of the total of over 750 companies that have this obligation.

ESG is starting to be integrated in every department of organizations: finance, procurement, HR, or marketing. This change indicates a need to increase the number of trainings on sustainability principles so that all these professionals understand the importance of integrating these principles into their business strategy and practices.

Finally, an important aspect that emerges from the analysis is the need for a data collection and monitoring strategy and infrastructure. The sustainability strategy must include a high number of SMART indicators. Objectives must be measurable, clear and aligned to the industry and specifics of the organization. Analysts and investors need this information to compare various organizations in the same industry and assess who is performing best.

***

About the Editor

The Azores Sustainability & CSR Services is a sustainability consulting agency, established in 2013, with the aim of supporting companies in Romania regarding the integration of corporate sustainability in their business strategy. The Azores Sustainability & CSR Services has an approach focused on long-term results, the use of IT technology for a high level of accuracy of sustainability indicators and analysis/research to support decision-makers in companies in defining their corporate sustainability strategy.

The most important and complex project of the agency is Romania CST Index, previously called Romania CSR Index, a ranking launched in 2016 and the only one in Romania that evaluates the sustainability indicators of companies: information on sustainability management,  as well as economic, environmental, and social impact. The index is launched every year during the Best Practices in Corporate Sustainability conference.

In 2019, the agency launched Community Index, the most comprehensive ranking of corporate investment projects in communities and a centralizer of the best CSR campaigns carried out every year by Romanian companies. The results of the ranking, together with case studies and interviews of national and international experts, are presented every year in Community Index Magazine, the only bilingual yearbook dedicated to investments in communities carried out by Romanian companies.

Lansare anuar Sustainability Index Magazine: Profiluri de sustenabilitate și status-ul actual în România și CEE

Anuarul bilingv aduce în prim plan top performeri în sustenabilitate conform rankingului Romania CST Index, precum și cele mai recente tendințe și inovații în sustenabilitate corporativă de la experți locali și internaționali

București, 12 mai 2023

  • Agenția The Azores Sustainability & CSR Services lansează prima ediție a anuarului Sustainability Index Magazine, o publicație bilingvă română – engleză care își propune să prezinte statusul actual al sustenabilității corporative din România.
  • Cititorii vor regăsi în revistă rezultatele singurului index de sustenabilitate corporativă din țară, Romania CST Index, precum și interviuri cu experți naționali și internaționali, articole educative, și studii de caz.
  • Publicația urmărește să promoveze sustenabilitatea corporativă ca o practică responsabilă de management al afacerilor, precum și să ajute companiile să-și dezvolte o strategie mai performantă pe baza informațiilor agregate din piață.

Sustainability Index Magazine calcă astfel pe urmele Community Index Magazine, anuarul bilingv care conține rezultatele singurului index al programelor și proiectelor derulate de companiile din România pentru a investi în comunități, lansat în 2019.

Publicația poate fi deosebit de utilă nu doar pentru profesioniștii din domeniu, ci și pentru companiile locale și multinaționale, investitori, universități, agenții de PR și autorități.

Primul număr al revistei are peste 120 de pagini și este oferit cu titlu gratuit pentru a ajuta la creșterea nivelului de know-how din piată. Anuarul este oferit în format digital, ca flipview și poate fi vizualizat aici: https://communityindex.ro/sustainability-index-magazine-2023/

Ce conține Sustainability Index Magazine?

Prima ediție a Sustainability Index Magazine aduce în prim plan profiluri de sustenabilitate ale companiilor care au publicat rapoarte de sustenabilitate pentru activitatea din România. Profilurile sunt constituite pe mai multe coordonate pentru a avea o imagine reală și clară asupra obiectivelor și investițiilor companiilor în România: auditul rapoartelor de sustenabilitate, ținte atinse și obiective viitoare.

Anuarul oferă în exclusivitate și interviuri cu experți din domeniul sustenabilității corporative, recunoscuți la nivel global și regional, precum:

  • Alice Schmidt, consilier global în sustenabilitate și autor al “The Sustainability Puzzle”
  • Magdalena Krzysztofik, Head of CEE Steward Redqueen
  • Simona Stiliyanova, co-fondator și Managing Partner Osnova ESG și Marketing Director BlackPeak Capital
  • Arianne Hofstetter, co-fondator Global ESG Monitor

Anuarul conține, de asemenea, interviuri cu personalități recunoscute la nivel național, cu experiență vastă în management și strategii de sustenabilitate, precum:

  • László Borbély, Consilier de Stat,  Departamentul pentru Dezvoltare Durabilă, Guvernul României
  • Cosmin Ghiță, CEO Nuclearelectrica
  • Ömer Tetik, CEO Banca Transilvania
  • Marco Hößl, CEO Kaufland România și Republica Moldova
  • Alexandru Stânean, Director General TeraPlast

Ce este Romania CST Index?

Romania CST Index (Corporate Sustainability & Transparency Index), lansat în 2016, este primul ranking din țara noastră dedicat sustenabilității corporative. Indexul identifică companiile cu cel mai înalt grad de transparenţă şi performanţă din România. În acest scop, îşi propune o analiză complexă şi transparentă, aliniată la standardele internaţionale, și constituie cea mai mare bază de date privind indicatorii de sustenabilitate ai companiilor din țară.

Pentru realizarea analizei, indexul folosește date publice ale companiilor în ceea ce privește aspectele de mediu, sociale, și de guvernanță. Indicatorii evaluați acoperă domenii precum schimbări climatice, produse sustenabile, practici de muncă, investiții în comunități, gestionarea riscurilor, marketing responsabil sau lanțul de aprovizionare, printre altele.

Care sunt obiectivele principale ale Romania CST Index?

Un index al sustenabilităţii este important deoarece este un instrument de evaluare a performanței unei companii în comparație cu ceilalți jucători din industrie și din țară. Romania CST Index își propune să contribuie la creşterea nivelului de transparenţă privind indicatorii de sustenabilitate și să recunoască companiile cu cel mai mare progres din România în abordarea principiilor şi cerinţelor standardelor internaţionale pentru managementul şi raportarea sustenabilităţii corporative.

Astfel, Romania CST Index urmărește să promoveze sustenabilitatea corporativă ca o practică responsabilă de management al afacerilor. Totodată, indexul poate ajuta companiile să-și dezvolte mai bine strategia pe baza informațiilor din piață.

Care sunt rezultatele analizei?

2023 vine cu multe provocări, dar și oportunități pentru mediul corporate din UE și implicit din România de a integra considerații de sustenabilitate în deciziile de business. Modificările legislative la nivel de bloc european setează noi obiective ambițioase pentru transparență și performanță ESG, dar aduce totodată și mai multă claritate și coerență.

Analiza Romania CST Index indică o creștere ușoară a numărului de companii care publică rapoarte de sustenabilitate. Observăm, de asemenea, progrese în ceea ce privește setarea de obiective privind factorii de mediu, sociali și de guvernare, și bune practici din partea liderilor din industrie care indică oportunități de îmbunătățire pentru întregul sector.

Totuși, numărul companiilor care publică rapoarte de sustenabilitate continuă să fie redus, sub 10% în 2022 în România, din totalul celor peste 750 de companii care au această obligație.

ESG începe să fie integrat în fiecare department al organizațiilor: finance, procurement, HR, sau marketing. Această schimbare indică o nevoie de creștere a numărului de training-uri privind principiile sustenabilității pentru ca toți acești profesiniști să înțeleagă importanța integrării acestor principii în strategia și practicile lor de business.

În final, un aspect important care reiese din analiză este necesitatea unei strategii și infrastructuri de colectare și monitorizare a datelor. Strategia de sustenabilitate trebuie să includă un număr ridicat de indicatori SMART. Obiectivele trebuie să fie măsurabile, clare și aliniate la industria și specificul organizației. Analiștii și investitorii au nevoie de aceste informații pentru a compara diverse organizații din aceeași industrie și pentru a evalua cine are cele mai bune rezultate.

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Despre Editor

The Azores Sustainability & CSR Services este o agenţie de consultanță in sustenabilitate, înființată în 2013, cu scopul de a sprijini companiile din România privind integrarea sustenabilității corporative în strategia de business. The Azores Sustainability & CSR Services are o abordare axată pe rezultate pe termen lung, utilizarea tehnologiei IT pentru un nivel ridicat de acuratețe a indicatorilor de sustenabilitate și analize/research care să sprijine decidenții din companii în definirea strategiei de sustenabilitate corporativă.

Cel mai important și complex proiect al agenției este Romania CST Index, în trecut denumit Romania CSR Index, ranking lansat în 2016 şi care este singurul din România care evaluează indicatorii de sustenabilitate ai companiilor: informaţii despre managementul sustenabilității, impactul economic, de mediu şi social. Indexul este lansat în fiecare an în cadrul conferinţei Best Practices in Corporate Sustainability.

În 2019, agenția a lansat Community Index, cel mai cuprinzător ranking al proiectelor corporate de investiții în comunități și un centralizator al celor mai bune campanii de CSR derulate în fiecare an de companiile din România. Rezultatele ranking-ului, împreună cu studii de caz şi interviuri ale unor experţi naţionali şi internaţionali sunt prezentate în fiecare an în Community Index Magazine, singurul anuar bilingv dedicat investițiilor în comunități derulate de companiile din România.