ORGANIZATIONAL AND INSTITUTIONAL LEADERSHIP IN ACHIEVING SUSTAINABILITY GOALS
The growing importance of sustainability, in particularly in the context of climate change, has determined the emergence of several legislative changes at the European and national level. To
be able to achieve the ambitious goal of climate neutrality established by the European Green
Deal until 2050, but also to address other challenges the world is facing, the involvement of
governments, other European institutions and business will be crucial.
PRACTICAL MODELS FOR APPROACHING THE PRINCIPLES OF SUSTAINABILITY
The sustainability in business development is changing the way companies management teams
formulate, address, and execute their roles. Major changes in the approaches of business leaders
in recent years show that they have become increasingly preoccupied with the impacts of their
activities, products, and business relationships on the environment and people.
Sustainable business models are a priority for many stakeholders of companies, having in view the
latest legislative changes regarding sustainability, like the CSRD Directive, EU Taxonomy Regulation.
The demand of relevant and qualitative sustainability information from investors, asset managers,
credit institutions, insurance undertakings, business partners, trade unions and social partners,
civil society and non-governmental organizations, governments, analysts, academics, including
other individuals or groups whose interests are affected or could be affected by the companies,
has increased in the last years and will continue to evolve. For this consideration, businesses that
will successfully integrate sustainability principles at all levels will become best practices and
benchmarks for other organizations to follow.
SUSTAINABILITY IMPACT ON THE COMPANIES
Companies must integrate sustainability into their strategies and business models in new ways.
Sustainability is a strategic decision, and the economic sector is reinventing its business model
and the way in which it practically carries out its activity. However, sustainability triggers or may
trigger significant financial effects on the company, generating risks or opportunities that have
or are likely to have an important influence on the its financial performance. Identifying and
managing this risks and opportunities will ensure the future of the entire economy.
COSTS AND FINANCING OF SUSTAINABLE IMPLEMENTATIONS
The application of sustainability is not cheap, but it is necessary, and companies must rethink their
development strategies from the perspective of sustainability objectives. The transition to a more
sustainable future requires financing solutions for companies and investors that support both
the environment, company operations and civil society goals. For investors, tools that allow them
to evaluate companies on their sustainability indicators are essential for decision-making. For
companies, access to the right sustainable financing solutions helps them achieve their goals
