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Why ESGHub.ro?
Because Sustainability has become an Essential factor for the long term success of any business, and ESGHub.ro offers companies the opportunity to stay up to date with the latest regulations, trends and best practices in the ESG (Environment, Social, Governance) field.
By accessing the www.ESGHub.ro Platform, companies not only improve their ESG performance, but also enhance their reputation, attract responsible investment and become important players in a sustainable economy.
ESGHub.ro creates an active sustainable ecosystem, helping companies to align their supply chain with ESG requirements and strengthen their sustainability strategy.
By registering on the ESGHub.ro platform, organisations have access to:
News and updated legislation
You have everything structured to easily navigate compliance requirements, including CSRD reporting. Constantly updated content provides a major advantage over disparate sources of information
Self-assessment tools (ESG-Risk Profile and SELF-Audit)
Identify your company's operational and strategic risks from a sustainability perspective. These practical tools for assessment and compliance help you understand where your company is in the sustainability process and what steps to take.
Full programme of ESG courses
Our ESG courses provide the necessary expertise to implement sustainability principles into business strategy and help business professionals and management to implement effective sustainability strategies.
Certification
At the end of the ESG Course Programme, participants receive the ESG Specialist Diploma, which is both a benefit for the employees and a future strategy for the company.
Which companies have to prepare a Sustainability Report?
Fiscal year 2024
According to Finance Order No. 85/2024 on regulating sustainability reporting issues, public interest companies with more than 500 employees will be required to report for the fiscal year 2024, with a reporting deadline in 2025.
Fiscal year 2025
At the same time, according to the Finance Order no. 4.164/2024 on updating the size criteria of the reporting entities, starting from 2025, with the deadline for submitting the Report in 2026, companies that fulfil at least two of the following three criteria will have to report: a number of more than 50 employees, assets worth more than 25 million lei or a turnover of 50 million lei.
Fiscal year 2026
Listed SMEs will be added to the categories of companies that have reported in previous years. The sustainability report will be issued in 2027.
How to Report?
Sustainability Reporting must be carried out in accordance with ESRS Standards (European Sustainability Reporting Standards).
These are the set of Technical Standards developed by the European Financial Reporting Advisory Group (EFRAG) to support the implementation of the Corporate Sustainability Reporting Directive (CSRD).
The ESRS emphasise transparency, accountability and comparability, and provide a clear framework through which companies can document their Environmental, Social and Governance (ESG) impact.
Even if each company has its own specificities, the main steps for developing the strategy, policies and ultimately the sustainability report are the same for any business.
There are currently 12 ESRS Standards:
- Two transversal standards (ESRS1 and ESRS2): for general topics containing basic principles.
- Ten specific standards centred on the themes of: Environment (ESRS E1-E5), Social (ESRS S1-S4) and Governance (ESRS G1).
ESG courses
The ESG COURSES section is designed to support companies in aligning their business with global sustainability standards, contributing to a more responsible and sustainable future.
Sustainability Courses for Companies
This course structure has been developed to address today's sustainability challenges in business and the supply chain, providing you with the tools, knowledge and resources to:
- Understanding compliance mechanisms
- Reducing environmental impact
- Promoting social responsibility
- Improving business governance
What do we offer?
By accessing this training programme, you will have the opportunity to better understand your customers' requirements, improve sustainable business performance and position yourself as a reliable partner ready to face the changing global market.
- Interactive modules structured on relevant ESG themes
- Practical examples and case studies
- Certification Diploma on completion of the courses
Objectives and targets
Transition to compliance
Resilience to change
Sustainable practices
Education and awareness
ESG Framework
Mentoring and tutoring
ESG Data
Monitoring and reporting
Recognition
Innovation awards
Communicate
Information on addressing relevant environmental legislative compliance
Working with other platform partners
Innovation
Background and purpose
Business to consumer (B2C) companies have a strong need to engage companies in the value chain in order to achieve their decarbonisation targets and to grow their business in a resilient way.
The creation of the online platform - ESGHUB.ro, aims to facilitate the transition of suppliers towards more sustainable practices, through Education, Resources, Technical Support and Continuous Specialisation, thus contributing to reducing negative environmental impacts and improving sustainability in the supply chain.
Targeted results
Education
Resources
Technical support
Monitoring
Innovation
Collaboration
- Increase the number of suppliers adopting sustainable practices and reducing their environmental impact.
- Improve the ESG scores of providers monitored by the platform or other specialised entities.
- Improving the risk management process for companies.
- Increasing knowledge and awareness of sustainability among suppliers.
- Active participation of providers in training and education programmes offered through the platform.
- Information and presentations on addressing environmental compliance issues
- Support in understanding some legal compliance requirements in EHS areas
- Platform of articles relevant to multiple stakeholders.
- Developing innovative partnerships between suppliers and multinationals for sustainable solutions.
- Create a collaborative environment where suppliers can share and implement innovative solutions.
The ESG HUB will contribute significantly to building a more sustainable and responsible supply chain, while supporting suppliers in their efforts to minimise negative environmental and social impacts.
