KPMG in Romania’s fourth Sustainability Report, developed in line with the Global Reporting Initiative (GRI) G4 Guidelines, broadly defines our vision of tailoring a long term sustainable business.
We consider this publication as a step forward towards the future of our reporting process, and we look at it as a transitional initiative leading to the application of the GRI Standards, which are global best practice in reporting non-financial performance.
Looking back at the regulatory changes that took place during the 2015-2016 period, and the dynamics of these changes up to the present, we have come to realise that there is an escalating degree of uncertainty, which makes forward planning a lot more challenging. Overall Romania performed well during the 2015-2016 period compared with other EU member states. However, given the present context, it is important to consider the risks that might affect the country’s financial stability.