“Sustainability takes on new values from one year to the next. We have a very complex and dynamic legislative context. There are a series of normative acts that have been approved, which are to be implemented, we have other acts in the process of approval.

The CSRD directive, which everyone already knows and is waiting for, is the one that will change the way sustainability information is reported,” Mihaela Croitoru, Sustainability, Climate & ESG Advisor said during Sustainability in Business Forum organized by The Diplomat-Bucharest and Sustainability-Today.

“We also have a due diligence directive that we expect to be applied. We recently had a proposal to revise the initial version. We are referring to a directive that will oblige certain companies – those with more than 250 employees and a net global turnover of more than 40 million euros – respectively groups with more than 500 employees and a turnover of 150 million euros euro globally – to establish due diligence processes to identify and prevent impacts on the environment and on human rights, assuming responsibility for possible violations of human rights and for possible damage to the environment. It is a serious legislation that will have a major impact on companies.

The companies that will come under the incidence of the CSRD directive should not be afraid of this directive and these standards because everyone is at the beginning, these standards will be applied for the first time, and it is a process that is refined over time. It is better to try to make this effort, even if it is not right, than not to make it at all and say that you did it.”

Full recording of the conference HERE