{"id":5451,"date":"2025-01-28T18:46:12","date_gmt":"2025-01-28T16:46:12","guid":{"rendered":"https:\/\/esghub.ro\/?p=5451"},"modified":"2025-01-29T08:36:57","modified_gmt":"2025-01-29T06:36:57","slug":"important-legislative-changes-for-sustainability-reporting","status":"publish","type":"post","link":"https:\/\/esghub.ro\/en\/modificari-legislative-importante-pentru-raportarea-de-sustenabilitate\/","title":{"rendered":"Important legislative changes for sustainability reporting"},"content":{"rendered":"

Order no. 4164\/2024 issued by the Ministry of Public Finance published in August 2024 brought significant changes for Romanian companies, adjusting the size criteria and aligning accounting regulations with new European requirements. These changes influence the reporting of annual financial statements and sustainability reports starting with the 2024 financial year.<\/span><\/strong><\/p>\n

Main changes<\/strong><\/span><\/h2>\n
    \n
  • Update size criteria:<\/span><\/li>\n<\/ul>\n

    Microentities:<\/strong> <\/span><\/h2>\n

    The value limits increase to RON 2,250,000 for total assets and 4.500.000 lei for net turnover<\/strong><\/span><\/p>\n

    Small entities:<\/strong> <\/span><\/h2>\n

    The limits are increased to 25,000,000 lei for assets and 50.000.000 lei for net turnover<\/strong><\/span><\/p>\n

    Large groups:<\/strong> <\/span><\/h2>\n

    The consolidated figures for total assets amount to 125,000,000 lei,<\/strong> and net turnover at 250,000,000 lei.<\/strong><\/span><\/p>\n

      \n
    • Compliance with European Directives:<\/strong>
      \nThe Order incorporates the provisions of the Delegated Directive (EU) 2023\/2775, which amends the business classification criteria for micro, small, medium, large and medium-sized enterprises. This alignment emphasises Romania's commitment to implement the European Directives in the area of sustainability and financial reporting<\/span><\/li>\n
    • Sustainability reporting:<\/strong>
      \nThe new framework requires companies above certain thresholds (including an average number of 500 employees) to produce detailed sustainability reports in line with international standards. Consolidated reporting becomes mandatory for parent companies of large groups<\/strong>, which requires additional preparations to collect and analyse relevant data.<\/span><\/li>\n<\/ul>\n

      Sustainability reporting for 2024 must comply with the updated regulations and reflect the new size criteria.<\/span><\/p>\n

      This change also provides an opportunity to demonstrate companies' commitment to sustainable development and corporate transparency.<\/span><\/p>\n

      The order can be consulted below.<\/strong>
      \n<\/span><\/p>","protected":false},"excerpt":{"rendered":"

      Ordinul nr. 4164\/2024 emis de Ministerul Finan\u021belor Publice publicat \u00een luna august 2024 a adus schimb\u0103ri semnificative pentru companiile rom\u00e2ne\u0219ti, ajust\u00e2nd criteriile de m\u0103rime \u0219i aliniind reglement\u0103rile contabile la noile cerin\u021be europene. Aceste modific\u0103ri influen\u021beaz\u0103 raportarea situa\u021biilor financiare anuale \u0219i a rapoartelor de sustenabilitate \u00eencep\u00e2nd cu exerci\u021biul financiar al anului 2024. Principalele modific\u0103ri Actualizarea criteriilor […]<\/p>\n","protected":false},"author":4,"featured_media":4993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":22,"footnotes":""},"categories":[13],"tags":[69],"class_list":["post-5451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislatie-romaneasca","tag-reglementari-contabile"],"_links":{"self":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/5451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/comments?post=5451"}],"version-history":[{"count":3,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/5451\/revisions"}],"predecessor-version":[{"id":5463,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/posts\/5451\/revisions\/5463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media\/4993"}],"wp:attachment":[{"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/media?parent=5451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/categories?post=5451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esghub.ro\/en\/wp-json\/wp\/v2\/tags?post=5451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}