Sustainability and ESG
Profitable business for now and the future
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What is Sustainability?
The responsible and balanced approach to the use of natural resources and the socio-economic development of companies is the essence of sustainability, aiming to ensure the satisfaction of current business needs without compromising the safety and ability of future generations to meet their own needs.
Within the European Union, sustainability forms the basis for the achievement of the objectives established by the community strategies, and refers to information regarding the Environment, the Social context and Corporate Governance.
The concept was first regulated by the Directive on non-financial reporting no. 2014/95/EU (NFRD), transposed in Romania by OMFP 1802/2014 and OMFP 2844/2016. Currently, it is regulated by the CSRD Directive, transposed in Romania by OMFP 85/2024.
ESG (Environment, Social, Governance) considerations are similar to the information considered in the context of sustainability, and form the basis of both the Sustainability Report and the ESG ratings.
A number of objectives and policies have been established at European level to promote sustainability and address the challenges of climate change, resource conservation and environmental protection. Among the main European directions in terms of sustainability are:
The European Green Deal
It is the EU's key strategy to make Europe the first carbon-neutral continent by 2050. The objectives of the European Green Deal include reducing greenhouse gas emissions, promoting renewable energy, improving energy efficiency and protecting biodiversity.
Circular Economy Action Plan
This plan aims to move from a linear economy model, based on resource consumption and waste, to a circular model, where resources are used efficiently and sustainably, and waste is minimized through recycling, reuse and reuse.
Sustainable Development Goals
EU Member States have adopted the 2030 Agenda for Sustainable Development of the United Nations (SDG), which includes 17 goals. They cover a wide range of issues, such as poverty, education, health, inequalities, climate change and ecosystem protection.
Schedule a meeting with our Sustainability experts
Oana Vîlceanu
Head of Sustainability Strategy & Impact
Why choose Stratos Management?
- ISO 9001, ISO 14001 and ISO/IEC 27001 certified
- EcoVadis Gold Medal (Top 5% global)
- Environmental Studies Developer accredited by APM (pos. 173)
- Professional liability insurance (200.000 EUR)
- Response guarantee within 24 hours
Some directions for applying sustainability
Financial Sustainability
Financial sustainability refers to an organization's ability to manage its financial resources in a way that is viable over the long term. This involves effective cost management practices, responsible investments, and ensuring a steady stream of income that allows for business continuity and growth. Companies that adopt a financial sustainability strategy are better equipped to weather economic fluctuations and invest in sustainable initiatives.
Energy Sustainability
Energy sustainability aims to use energy resources efficiently and responsibly to reduce environmental impacts and ensure the long-term availability of these resources. This includes investing in renewable energy, reducing energy consumption, improving energy efficiency, and developing green technologies. Companies that focus on energy sustainability contribute to reducing carbon emissions and combating climate change.
Sustainability Report
A sustainability report is a document through which an organization communicates its sustainability performance to the public and stakeholders. It includes information about the company's economic, environmental and social impact, as well as the initiatives and policies implemented to improve sustainability. The sustainability report is an essential tool for transparency and corporate accountability, providing a clear picture of the company's commitment to sustainable practices.
Sustainability Plan
A sustainability plan is a strategic document that details an organization's objectives and actions to improve its sustainability performance. It includes specific targets, implementation measures, resource allocation, and performance indicators to monitor progress. A well-developed sustainability plan helps organizations meet their sustainability commitments and make a positive contribution to the environment and society.
Sustainability Policy
A sustainability policy is a set of principles and guidelines that guide an organization's actions in the area of sustainability. It includes the company's commitments to environmental protection, social responsibility, and sustainable economic management. The sustainability policy serves as the foundation for all of the organization's sustainability initiatives and strategies, ensuring that all activities are aligned with the company's sustainable values and goals.
Advantages of Sustainability
The adoption of sustainable practices in the business environment brings numerous advantages, including:
.01
Efficiency and Savings
By using resources efficiently, reducing energy and raw material consumption, recycling and proper waste management, companies can achieve significant cost savings and improve long-term profitability.
.02
Image and ESG Rating
The company can improve both its reputation and ESG rating, thereby gaining long-term partnerships and the trust of customers, employees and investors.
.03
New Opportunities
Investors, banks and customers are increasingly interested in sustainability, and a strategy can help the company attract new investors, customers or green credits.
.04
Conformity
Anticipating future developments in legal obligations, minimizing financial risks associated with non-compliance and creating a solid foundation for sustainable and legally responsible business.
.05
Innovation and competitive advantage
Sustainability can stimulate innovation and creativity within a company, leading to the development of innovative, more environmentally friendly and cost-effective products and services.
During the show "Business Laws", Oana Vîlceanu, Sustainability Project Manager at STRATOS Management, discussed the importance of integrating sustainability into all aspects of a business.
How Stratos helps you with the concept of financial and energy sustainability
Whether you are interested in leaving a clean environment for future generations, or you want to comply with national and European sustainability and environmental legislation, whatever the motivation, Stratos helps you identify and implement sustainable solutions for your business.
Stratos Services for Sustainable Business
Sustainability reporting is the process by which companies communicate their economic, environmental and social impact. It is becoming increasingly important, especially with the implementation of the CSRD (Corporate Sustainability Reporting Directive) in the European Union, which imposes new requirements for transparency and accountability.
Read moreUnderstanding the impact of carbon emissions on the atmosphere is essential. Through rigorous analysis, using internationally recognized standards such as the GHG Protocol, we identify and assess the carbon emissions generated by your business.
Read moreWe help you translate commitment into tangible action. By integrating environmental, social and governance principles into the structure, decisions and operations of your business, we facilitate a real and sustainable transformation, strengthening the reputation and contributing to the sustainable development of your organization.
Read moreDo you produce, import, distribute or sell packaged products on the EU market? Stratos establishes your role in PPWR, verifies PFAS risk and provides support in preparing the necessary documentation.
Read moreThe verification of activities in the context of DNSH principles is addressed to companies that wish to access European funds, including from the National Recovery and Resilience Plan (PNRR). Completing a DNSH audit is a mandatory step for obtaining these funds.
Read moreStratos helps you with Dual Materiality Analysis and preparing reporting and communication documentation of the company's efforts in the transition to a sustainable business model. Stratos also helps you in the process of identifying and implementing sustainable solutions and streamlining operational processes in this regard, as well as meeting EU regulations.
Read moreStratos specialists will: identify the necessary documents and obligations according to the nature of the products introduced on the market, analyze the documents and verify the compliance status, prepare the audit and necessary steps, and draft the compliance report.
Read moreStratos helps you with the development of application documentation for ISO Certification (procedures, work instructions, forms, manual), as well as staff training, facilitating the signing of the contract with the certification body, assistance in the certification audit, periodic maintenance in maintaining ISO 14001 standards .
Read moreDo you generate waste? Do you import packaged products? Do you need an environmental permit? Stratos checks everything: from waste records and declarations to the environmental fund to regulatory documents and reports to authorities.
Read moreStratos helps you comply with waste management legislation, both in terms of specific documents and reporting, as well as technically and operationally.
Read moreStratos Management's environmental managers will help you identify environmental issues specific to a wide range of fields of activity. Our specialists will also provide you with the most effective solutions, in accordance with environmental legislation and market requirements.
Read moreChoosing quality carbon footprint services is the first step towards a sustainable and resilient business. Whether you need a carbon footprint calculator for internal use or specialized carbon footprint consultancy for CSRD reporting compliance, the Stratos team is at your disposal with validated technical solutions. Contact us to discover how we can optimize your company's emissions profile through carbon footprint services tailored to the specific needs of your industry.
