The application of ESG standards is crucial throughout the supply chain
The head of the GBS representative office in Brussels moderated a discussion on the role of the banking sector in enforcing ESG practices in business
© ECONOMIC.BG / GBS
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* The different options for financing a sustainable business and its development in the future, the attitude of banks towards ESG practices and how well companies are prepared for their implementation.
These issues were discussed at the "Financing the sustainable transition" panel, moderated by Federico Lazzari, the head of the representative office of Glavbolgarstroy (GBS) in Brussels. The discussion was part of the "ESG: Management for Sustainable Growth" conference, jointly organized by the American Chamber of Commerce in Bulgaria and the German-Bulgarian Chamber of Commerce and Industry (AHK).
The increasing role of ESG
Lazzari presented the current trends and hot topics regarding ESG policies in Brussels and their impact on Glavbolgarstroy as a company that strictly adheres not only to the newly introduced regulations but also strives to be a leader in the application of good industrial practices. In this regard, one of the challenges that were unanimously recognized by all panelists in the discussion is the engagement of all companies involved in the supply chain process.
Within the framework of the conference, the growing role of ESG in sustainable business was discussed, with Lazzari emphasizing the commitment of the Bulgarian company to play a leading role in the green transition in the construction sector.
The event at the Hilton Hotel in Sofia brought together over 100 guests, who had the chance to hear the opinions of leading experts from various sectors on the various ways to adapt to the dynamic field of corporate sustainability and its accompanying regulations.
A major focus of the entire conference was the goal to foster a deep understanding of the concept of ESG (Environment, Social Policy and Governance) and its importance for businesses.
As the moderator of the last panel, Lazzari provoked a lively discussion with his interlocutors - the head of the European Bank for Reconstruction and Development (EBRD) office in Bulgaria, Manuela Nelli, and the director of strategic, credit and integrated risk at UniCredit Bulbank, Stefan Ivanov.
Translated by Tzvetozar Vincent Iolov
