Banca Comercială Română (BCR) has successfully issued its inaugural green bond with a value of 500 million RON (100 million euros). “We believe that implementing environmental, social and corporate governance (ESG) criteria, both in our core business and in the investment policy and investment solutions proposed to clients, is a way to meet the needs of the present without compromising resources. This is the duty we all have to protect future generations”, BCR CEO Sergiu Manea, told bneIntelliNews.

A growing number of green bonds are being issued in Central and Eastern Europe, including Romania. There have been several sizeable corporate green bond issues in Romania, hoping to tap the growing pool of ESG-conscious investors. Raiffeisen Bank placed its second green local currency bond on June 4. Globalworth, Romania’s biggest office owner, also successfully issued its inaugural green bonds of 400 million euros in August 2020.