On September 22, 2021, Impact Developer & Contractor announced that it had established an ESG (Environmental, Social and Corporate Governance) department within its organizational structure.
According to Impact, the ESG department will manage the application of the Green Bond Framework on the basis of which the company will issue green bonds to finance and refinance existing projects, build using sustainable technologies and contribute to climate change mitigation.
The company also announced that the new department will be coordinated by Teodora Danila, who has over 22 years of experience in terms of external audit, compliance, improvement of processes, and internal control systems.
“I am pleased to join a company that has already taken important steps towards sustainability and good corporate governance,” commented Impact Chief Compliance Officer Teodora Danila. “Now, more than ever, we need sustainable, environmentally conscious developments. At Impact, we build communities that benefit from sustainable environments and a higher level of quality of life, while protecting natural resources. We already have the first residential project in Romania built at BREEAM Excellent standards and we have proposed that all our future projects meet the criteria of this renowned and internationally appreciated certification.”
Impact also informed that they made a decision to replace the current fleet of traditional automobiles with electric ones. This move includes the installation of charging stations for electric vehicles in Greenfield Plaza, a project to be completed by the end of this year. The specialists of their ESG department have calculated that by replacing the current fleet of cars Impact will reduce carbon emissions by about 125 tons in the next 5 years.