“Bucharest Stock Exchange launches its first ESG guidelines with EBRD support” – EBRD – April 11, 2022

On April 11, 2022 the European Bank for Reconstruction and Development (EBRD)  reported that the “Bucharest Stock Exchange (BVB) has published its first environmental, social and governance (ESG) reporting guidelines for listed companies, developed with the technical assistance of the European Bank for Reconstruction and Development (EBRD).

The shift towards green and sustainable assets depends critically on additional and more detailed ESG data to inform investors’ decision-making. As a result, reporting has become an essential tool for measuring how companies manage climate and sustainability risks. Taking actions to mitigate global challenges such as climate change, supply chain risks or biodiversity loss has never been more critical.

The ESG Reporting Guidelines for issuers were prepared in cooperation with sustainability consultancy Steward Redqueen and are intended to be a crucial tool for companies that are determined to contribute to Romania’s low-carbon transition. The Guidelines also provide clear and comparable information to investors and ensure that they are well placed to comply with forthcoming EU reporting requirements under the Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainable Reporting Directive (CSRD).

You may read the article on the EBRD internet site.

“Symbiotics to manage an impact private debt mandate for Pensioenfonds Detailhandel” – Symbiotics – April 5, 2022

In a press release distributed on April 5, 2022 Symbiotics reported that it “has been selected by Pensioenfonds Detailhandel, the pension fund for the Dutch retail sector, to manage a EUR 100 million mandate investing in emerging markets private debt.

The portfolio will invest in small and medium enterprises and through microfinance in themes such as climate and energy, education and healthcare. Generating positive impact is fully integrated into the investment process. The mandate will focus predominantly on contributing to the Sustainable Development Goals (SDGs) agenda. It will target, in line  with the focus of the investment policy of Pensioenfonds Detailhandel, SDG 8 (Decent work and economic growth), and will seek for investment opportunities to contribute to SDG 12 (Responsible consumption and production) and SDG 13 (Climate action). The fund will also be compliant with article 9 of the European Sustainable Finance Disclosure Regulation(SFDR).”

You may read the press release on the news page of the Symbiotics internet site.