<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The awareness towards global changes has increased in recent years and has created pressure for energy providers to improve not only their activity but also the way they communicate their actions, initiatives and commitments and how they report them to the general public. Recognizing this imperative, in January 2022, the European Commission proposed the Corporate Sustainability Reporting Directive (CSRD) to revise and strengthen the existing Non-Financial Reporting Directive (NFRD). With the CSRD's help, sustainability reporting is getting a significant improvement. Now, everything is more transparent and matches up better than other reports created before because it was built around transparency first. This means way less guesswork for anyone needing this information whether it is an investor trying not to worry about their next big decision, consumers, or regulatory bodies. We analyzed the top 15 entities in the electrical energy production sector in Romania, based on their turnover reports at the end of their financial activities for 2022, and we wanted to find out how they articulated and showcased their commitment to social responsibility through their websites and non-financial reports. By examining these reports closely, we uncovered layers of commitment across different sectors from ESG pillars (environmental, social, and governance) – how businesses dedicated to sustainable growth and interacted with stakeholders and by looking closely at these reports, the analysis is not only a point of reference for industry practices but also a better understanding of social responsibility in the specific context of the energy sector.</p>
</abstract>

The awareness towards global changes has increased in recent years and has created pressure for energy providers to improve not only their activity but also the way they communicate their actions, initiatives and commitments and how they report them to the general public. Recognizing this imperative, in January 2022, the European Commission proposed the Corporate Sustainability Reporting Directive (CSRD) to revise and strengthen the existing Non-Financial Reporting Directive (NFRD). With the CSRD's help, sustainability reporting is getting a significant improvement. Now, everything is more transparent and matches up better than other reports created before because it was built around transparency first. This means way less guesswork for anyone needing this information whether it is an investor trying not to worry about their next big decision, consumers, or regulatory bodies. We analyzed the top 15 entities in the electrical energy production sector in Romania, based on their turnover reports at the end of their financial activities for 2022, and we wanted to find out how they articulated and showcased their commitment to social responsibility through their websites and non-financial reports. By examining these reports closely, we uncovered layers of commitment across different sectors from ESG pillars (environmental, social, and governance) – how businesses dedicated to sustainable growth and interacted with stakeholders and by looking closely at these reports, the analysis is not only a point of reference for industry practices but also a better understanding of social responsibility in the specific context of the energy sector.

Analysis of the Communication of Social Responsibility by Energy Companies in Romania

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The awareness towards global changes has increased in recent years and has created pressure for energy providers to improve not only their activity but also...

Analysis of the Communication of Social Responsibility by Energy Companies in Romania

Published Online: Jul 03, 2024

Page range: 1796 - 1807

DOI: https://doi.org/10.2478/picbe-2024-0151

Keywords
Corporate Sustainability Reporting Directive (CSRD), Non-Financial Reporting Directive (NFRD), Sustainability, Electric Energy Sector

© 2024 Alina-Andrea Miron et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Analysis of the Communication of Social Responsibility by Energy Companies in Romania

Published Online: Jul 03, 2024

Page range: 1796 - 1807

DOI: https://doi.org/10.2478/picbe-2024-0151

KeywordsCorporate Sustainability Reporting Directive (CSRD), Non-Financial Reporting Directive (NFRD), Sustainability, Electric Energy Sector

© 2024 Alina-Andrea Miron et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Corporate Sustainability Reporting Directive (CSRD), Non-Financial Reporting Directive (NFRD), Sustainability, Electric Energy Sector