Analysis of Environmental Performance of Energy Companies in the Romanian Industry Using the Analytical Criteria Method
Year: 2024
Type: article
Abstract: In today's competitive market, all companies strive to perform from the perspective ofsustainability for gaining more advantages against the competition. This study aimed to analyze andprioritize this focus of organizations on sustainable actions. The paper specifically addressedenvironmental performance in the context of three major Romanian competitors in the energysector. The comparative analysis was performed through the tool of analytical criteria method. It wasuse as guidelines alongside this method the disclosures from the GRI 300 2016 standard. Moreover,the study used public information from the companies' Sustainability Reports published in 2023. Byperforming this study, the results, practices and important differences of these three companiesrelated to sustainability were ranked. The results show that all three analyzed companies madesustained efforts to decarbonize their activities, with performance differences attributable to thedistinct strategies employed by each company. Based on this analysis, it is suggested that futureresearch could benefit from expanding the study to include a larger number of companies,particularly those with local capital, and exploring the influence of regulations and market pressureson environmental performance
DOI: 10.71235/rmee.189
Authors: Marian - Petrișor MUȘAT, Cristina – Mihaela FLEACĂ
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4408700781