ESG Construction and Integration in Kosovo and the Balkan Region
ESG, often defined and used as a synonym for sustainability, is the way to balance social, economic and environmental needs. Sustainable business transformation requires tools and methods to drive the process at strategic and operational levels. ESG focuses on the non-financial performance metrics of corporate activities that can be identified, quantified and developed. In companies in the Western Balkans such as Kosovo, the integration of ESG metrics and how to successfully implement them is of critical importance and interest to the various outlets and their stakeholders such as banks, companies, investors, policy makers inside and regulators.
ESG/sustainability is still in its early stages in Kosovo and the Balkan region. However, awareness of the impact of this issue and its global implications is crucial when it comes to attracting investors, meeting legal obligations, or evaluating financing opportunities on a global level or within the EU. ESG/sustainability is gradually being recognized by experts, policymakers and companies as an important key to the development of economies. However, there are still knowledge gaps in identifying the tools and methodologies to drive this process.
In addressing the global challenges that also affect the Balkan countries and Kosovo, the ESG/sustainability issue must be prioritized. Kosovo, for example, has already entered the “green transition” and its market is driven by financial institutions incorporating ESG into their investment decisions. For companies to be attractive to investors, ESG issues must be integrated into corporate strategies. They are a critical pillar of a company’s long-term sustainability.
Not sure where to start? Contact HPC’s sustainability team for tips and facts on how to get started with ESG and sustainability in your business!
HPC is your partner in ESG and sustainability. We support you in setting your sustainability goals, implementing and building an ESG management system to minimize your sustainability risks and to take advantage of potential opportunities.
We help you move forward!
The Team:
Edona Sadriu – HPC International Kosovo
Edona.Sadriu@hpc-international.com; +383 45134422
Emmanuel Zinsu – HPC Germany:
Snr. ESG Consultant / Lead Sustainability
Emmanuel.Zinsu@hpc.ag; +49 177 5845611
Valentina Vieri – HPC Italy
Valentina.Vieri@hpc.ag; +39 342 3338132