“Forvis Mazars is one of the largest consultancy, audit and tax companies in Romania and we assist companies in this reporting process based on sustainability criteria. The new standards presuppose the so-called double materiality assessment through which all sustainability topics are analysed by companies, and companies must identify their impact, risks and opportunities, evaluate them and then choose the material ones.

The respective list should not remain in an Excel, but each impact, risk and opportunity should have a series of actions, processes and targets to be connected to. This process will be audited in detail,” Laura Negrisoiu, Sustainability Director, Forvis Mazars said during Sustainability in Business Forum organized by The Diplomat-Bucharest and Sustainability Today.

“Our clients who had the greatest impact were those who managed to ‘translate’ the information on what sustainability means for employees at all levels. An example is what it means to consume and then calculate CO2. The sensors with real-time information worked very well. If we have the information about consumption at the end of the year when we make the carbon footprint report, we are talking about history and we can no longer act at that moment in order to reduce that impact.

The relationship between the companies and the suppliers, through the purchasing department, is very important because in this way the companies can have some clear results and can subsequently act in order to reduce Scope 3 emissions.

Just like in the digital transformation, also in the sustainable transformation middle management has a very important role, because they are responsible for the operational part.”