PETERKA & PARTNERS Romania brings into your attention important information regarding the ESG rules for corporate sustainability.
The Environmental, Social and Governance (ESG) rules were first imposed through EU Directive 95/2014 NFRD (Non-Financial Reporting Directive – NFRD) and set out the core criteria for evaluating corporate behaviour and screening potential investments. In Romania, the European Directive 95/2014 (NFRD) was implemented through Ministry of Finance Order 1938/2016 and later through Ministry of Finance Order 3456/2018 which extended the scope of Directive 95/2014 to all companies regardless of size with more than 500 employees.
We invite you to read this article and find out what changes may bring this Directive to your business in the upcoming months.
Our team remains available for providing more information and related legal assistance connected to this topic.