ENVIRONMENTAL, SOCIAL AND GOVERNANCE 

Environmental, Social, and Governance

Navigating the Future of Sustainable Business

At Suciu Partners, we understand that for today’s multinational corporations, Environmental, Social, and Governance (ESG) principles have transitioned from voluntary CSR initiatives to critical pillars of corporate strategy and legal compliance.

As the regulatory landscape in Romania and the EU becomes increasingly complex—driven by the Green Deal, CSRD, and evolving taxonomy regulations—we provide the sophisticated legal counsel necessary to turn sustainability challenges into competitive advantages.

Our Strategic Approach

We partner with our clients to integrate ESG factors into their core operations, ensuring that their Romanian interests align with global corporate mandates and international standards.

Our Areas of Expertise

* Environmental & Climate Change: Navigating environmental permitting, carbon footprint regulations, waste management, and renewable energy transitions. We help clients mitigate litigation risks related to environmental impact.

* Social Responsibility & Human Capital: Advising on labor law excellence, diversity and inclusion (D&I) policies, workplace health and safety, and data privacy—ensuring your "Social" pillar is robust and ethical.

* Corporate Governance: Strengthening board oversight, transparency protocols, and ethical supply chain management. We ensure compliance with evolving anti-corruption and reporting standards.

* Sustainable Finance & Investment: Assisting institutional investors and corporations in aligning their M&A activities and financing structures with ESG-linked criteria and green financing requirements.

Why Suciu Partners?

"In a rapidly shifting global economy, legal excellence is defined by the ability to anticipate the regulatory shifts of tomorrow. At Suciu Partners, we bridge the gap between complex ESG regulations and the practicalities of high-stakes corporate operations." - Miruna Suciu, Managing Partner

We bring a multi-disciplinary lens to every mandate, combining our deep knowledge of the Romanian legal market with a global perspective on sustainability trends. Whether you are navigating a complex cross-border merger or restructuring your local compliance framework, we ensure your ESG strategy is legally sound and commercially viable.

Leading the Way

Beyond our legal advice, Suciu Partners is committed to its own ESG journey. We believe in leading by example, fostering an inclusive workplace, and minimizing our environmental footprint within the legal community.

Sa inseram aici si un specific "Insights" or "Alert" sidebar to go with this, highlighting recent changes in Romanian ESG reporting laws

ESG Legal Alert: The Shift from Voluntary to Mandatory

The regulatory landscape in Romania has reached a critical tipping point. For multinational corporations and large domestic entities, ESG has moved from the realm of "best practice" into a rigorous, audit-ready legal requirement. At Suciu Partners, we track these developments to ensure our clients remain ahead of the compliance curve.

2026 Reporting Milestones

As we move through 2026, the phased implementation of the Corporate Sustainability Reporting Directive (CSRD)—transposed into Romanian law via Ministry of Finance Order no. 85/2024 and updated by OMF 1421/2025—is impacting a broader range of companies:

* Large Entities (Wave 2): Companies meeting at least two of the three size criteria (Total assets > 25M RON, Turnover > 50M RON, or > 50 employees) are now actively preparing for consolidated reporting obligations.

* The "Stop-the-Clock" Adjustment: In line with the EU’s "Omnibus" simplification package, recent legislative updates have provided a two-year reporting reprieve for certain SMEs and non-complex entities, shifting their first mandatory reports to 2028/2029.

* Sector-Specific Oversight: The National Bank of Romania (BNR) and the Financial Supervisory Authority (ASF) have finalized specific norms (Norm no. 4/2024; Order no. 1/2024) that require financial institutions and listed entities to integrate climate risk into their pillar 3 disclosures.

Critical Focus Areas for Your Board

Requirement | Impact on Multinational Clients 

Double Materiality | You must now report on both how sustainability issues affect your company and how your company impacts society and the environment. 

Audit & Assurance | Reports are no longer standalone; they must be included in the Management Report and undergo limited assurance by an independent auditor. 

EU Taxonomy Alignment | Companies must disclose the percentage of their turnover, CapEx, and OpEx aligned with the EU’s six environmental objectives. 

Value Chain Transparency | Responsibility now extends to your entire supply chain, requiring rigorous "due diligence" on human rights and environmental standards. 

Our Perspective

While the EU "Omnibus" package has reduced the immediate reporting burden for several thousand smaller Romanian companies, multinational corporations remain under the microscope. We advise our clients to look beyond the "reporting" aspect and focus on governance architecture. Strong ESG governance is now the primary metric used by international banks to determine "green" interest rates and by institutional investors to assess long-term viability.

Risk Management Note: Failure to comply with the new reporting standards under Romanian law can now lead to administrative fines and, more critically, significant reputational damage in the European capital markets.