The ranking results were announced during the fifth anniversary edition of the virtual event, Best Practices in Romanian CSR, broadcast live on the Facebook page of the agency on November 19,under the slogan Sustainability is Unstoppable.
Romania CSR Index is a complex analysis, unique in Romania, which evaluates the involvement of companies with over employees from the perspective of The Strategic Evaluation of Lidl level of transparency and performance in the field of corporate sustainability. To achieve this index, more than companies were analyzed, more precisely companies in Romania that have over employees. Romania CSR Index is an analysis with 10 categories and 64 indicators that addresses information regarding the sustainability strategy and the impact of companies from an economic, environmental and social point of view. The total score is weighted according to the industry to which the companies belong. All public information of the companies, reported forin Romanian, was evaluated and the ranking was based on an evaluation tool that is aligned with the most important international standards or references in the field of sustainability and social responsibility :.
The ranking results can be used for various purposes: developing a roadmap The Strategic Evaluation of Lidl increase performance on corporate sustainability, raising awareness of the Sustainable Development Goals and ensuring the alignment of corporate strategy with the SDGs. Through the evaluations we make for Romania CSR Index we try to highlight the best practices and successful examples of some Romanian companies that have advanced a lot as they have integrated sustainability in the business strategy and have reached a very high level of transparency of information on social, economic and environmental impact, positive but also negative. In the analysis report, there was an increase in the number of industries interested in sustainability, in the sense that several companies in Food Retail and IT have started to invest in this field, in addition to companies in the field of Beverages and Telecom, which were already present in the index with very good scores.
Antitrust thesises
The report highlights a number of changes that came as a surprise to analysts, such as a higher number of sustainability indicators in the sustainability reports and increased attention to the engagement of key stakeholders for reporting companies. Between August and September, there was an extensive process of engagement of important stakeholders for the ranking: The Strategic Evaluation of Lidl, consultants, CSR and corporate sustainability experts and representatives from the university environment, both from Romania and internationally. Of particular importance was the involvement of two international organizations, Sustainalytics -a Morningstar Companya leading independent ESG and corporate governance research, ratings and analytics firm, and Carbon Disclosure Projecta unique global system dedicated to companies that measure, manage and distribute information related to the environment.
The virtual event was based on a hybrid format, bringing to the audience a mix of presentations, a speech by a globally renowned Star Speaker Elaine Cohen — Beyond Businessand a message sent for the first time for Best Practices in Romanian CSR by an international sustainability expert, Nick de Mey — Board of Innovation. So are you! Discussions focused on four key sessions, which presented sustainability strategies, projects or investment programs in communities, but also best practices arising from sustainability reporting. Top professionals from Romania but also from the international level have shown how the market trends in our country are outlined and have provided valuable insights on how a company can achieve the best results from investing in sustainability and communities.
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