Regulators, clients, and investors are raising the bar on sustainability. PwC Romania helps financial institutions meet these demands with speed, expertise, and strategic clarity.
Sustainability Services for Financial Institutions
Our approach
Regulatory frameworks like the CSRD are reshaping how financial institutions operate, requiring scrutiny of value chains, non-financial risk assessments, and transparent sustainability disclosures. At the same time, clients and investors are demanding greater accountability for environmental and social impact, shaping capital flows and reputational risk. This convergence of regulatory pressure and stakeholder expectations is transforming the role of sustainability from compliance to competitive advantage. Financial institutions must now integrate ESG into core business strategy, risk management, and reporting, not just to meet obligations, but to unlock new value.
PwC Romania’s approach is holistic and future-ready. Meeting these expectations takes more than good intentions. It takes expertise, speed, and strategic clarity.
As a trusted advisor to Romania’s financial sector, with deep local insight and global ESG experience, PwC Romania helps you respond timely and effectively. From strategy to assurance to regulatory alignment, we guide your sustainability transformation with confidence.
Our services
We support financial institutions across the full ESG lifecycle, from strategy design to reporting and assurance. Our services span sustainability risk analysis, sustainable finance frameworks, and regulatory alignment, but go beyond compliance to help clients use sustainability as a lever for innovation, differentiation, and growth.
We combine deep local insight with global ESG expertise, drawing on a network of over 1,000 sustainability professionals, as well as proprietary tools and technology partnerships. Our integrated teams of experts in reporting, sustainable finance, climate risk, assurance, strategy and legal services will ensure that sustainability is embedded into your business model, not bolted on.
The PwC approach covers five key areas of services, through which our experts will help you:
- 1. Assess
- 2. Design
- 3. Report
- 4. Get assurance
- 5. Build capacity
1. Assess
- Identify ESG regulatory requirements and gaps, then prioritize and close the gaps timely and effectively
- Perform the CSRD and ESRS-aligned double materiality assessment and define priorities for the business
- Prepare a disclosure requirements checklist against ESRS and ensure CSRD readiness
2. Design
- Develop an ESG reporting strategy and roadmap, including KPIs, targets, and actions
- Design an ESG reporting target operating model across governance structures, processes and controls, and data & technology architecture
- Understand ESG risk management and reporting requirements, analyse climate transition and physical risks, and develop climate transition plans
- Develop a sustainable finance framework and products aligned to market standards and EU Taxonomy criteria
3. Report
- Draft the ESG disclosures (such as CSRD, EU Taxonomy, Pillar 3 ESG) applicable to your company
- Identify opportunities for refining ESG disclosures
4. Get assurance
- Get limited assurance on CSRD sustainability statements and sustainable bonds allocation & impact reports
5. Build capacity
- Train and upskill your staff, and develop self-sufficiency​, including ESG regulations, assurance-ready CSRD reporting, climate risk assessment, and sustainable finance
Do you need to refresh your ESG knowledge and upskill your team on specific topics? See our training offer and get in touch with the PwC Romania team for a customized journey.
Our experience
CSRD Limited Assurance
PwC Romania supported leading Romanian financial institutions by conducting limited assuranceon CSRD Sustainability Statements. We focused on, among others, evaluating the company’s process of identifying and presenting information in the Sustainability Statement and assessing whether this information addresses the relevant disclosure requirements from the ESRS.
The assurance engagements enhanced our insight into how financial institutions interpret and operationalize CSRD requirements.
ESG Governance, Strategy & Sustainable Finance Development
We delivered end-to-end ESG transformation programs to Romanian credit institutions, covering double materiality assessment, ESG governance structuring, strategy development, and CSRD-aligned sustainability reporting. We also designed Sustainable Lending Frameworks tailored to our clients’ market position and regulatory obligations.
The engagement enhanced our ability to tailor ESG solutions to local market realities while building scalable methodologies for future financial sector clients.
Services for Local and European Insurance Companies
We assisted both Romanian and European insurance companies on their sustainability journeys since the early beginnings of ESG reporting. We have performed gap assessments against regulations, evaluated and prepared EU Taxonomy reporting for insurance KPIs, guided the double materiality assessment process, and provided training adapted to our client’s needs.
We deepened our understanding of how insurers prioritize sustainability topics and prepare for ESG regulatory disclosures.
ESG globally
ESG in Romania
Financial Services Insights
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