Independent verification is critical to the credibility of Taxonomy-aligned reporting. The Romania Green Building Council (RoGBC) offers a comprehensive ESG verification service for the real estate industry, specifically designed to verify property conformity with EU Taxonomy criteria. This service addresses the growing need for transparent, reliable assessment of sustainable real estate investments in Romania.

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Service Overview

RoGBC's ESG independent verification service covers three essential business areas defined in the EU Taxonomy: new construction, renovation, and acquisition and ownership. 

The verification process thoroughly examines compliance with key EU Taxonomy objectives, focusing on climate change mitigation, climate change adaptation, and transition to a circular economy. The assessment includes detailed evaluation of "Do-No-Significant-Harm" criteria and minimum requirements for corporate compliance, ensuring comprehensive coverage of all relevant sustainability aspects.

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Verification Pathways

The RoGBC offers two distinct pathways for ESG verification. 

1. Green Homes Certification
The first pathway utilizes the Green Homes certification program for residential properties, including both new construction and existing buildings. This program has achieved full alignment with EU Taxonomy requirements and provides comprehensive assessment across all environmental objectives, including climate change mitigation, adaptation strategies, sustainable water usage, circular economy principles, pollution prevention, and biodiversity protection. 

2. European Taxonomy Verified Alignment Certificate
The second pathway operates through a RoGBC dedicated assessment platform, which facilitates assessment of both individual assets and complete portfolios, while providing comprehensive gap analysis for compliance and fulfillment of reporting requirements. The platform seamlessly integrates with RoGBC's independent verification process, ensuring thorough evaluation of all submitted projects.

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Benefits

The ESG verification service delivers significant value to financial market stakeholders, property developers, individual property owners, portfolio managers, and banking institutions. This service enhances transparency throughout buying and selling processes while minimizing associated risks. Projects demonstrating taxonomy compliance through this verification process may access preferential funding terms, reflecting the growing importance of sustainable development in financial markets.

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Regulatory Context

According to the European Commission, an independent verification is critical to the credibility of Taxonomy-aligned reporting. 

The verification process strengthens the credibility of sustainable investment decisions and supports market participants in:

• Meeting regulatory reporting obligations

• Demonstrating compliance with technical screening criteria

• Validating "Do No Significant Harm" assessments

• Confirming minimum safeguards adherence

This verification framework aligns with CSRD requirements for progressive enhancement of assurance levels and supports the EU's broader sustainable finance objectives.

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FEES (EUR)

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​​Note on consultancy services: The fees outlined above do not include consultancy services. Costs for consultancy services are to be paid directly to your chosen consultant.

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For detailed information about RoGBC's ESG verification services, please contact RoGBC directly at info@rogbc.org.