BSE and the leading European Greentech company Plan A launch first of its kind initiative in Bulgaria to measure the impact of Bulgarian companies on the environment - Оxygen
Sofia, 02 March 2022 – The Bulgarian Stock Exchange (BSE) and its daughter company Financial Market Services in partnership with the leading carbon accounting and decarbonisation software solutions provider Plan A launch “Oxygen” initiative. By leveraging Plan A’s science-based SaaS platform, the initiative aims to enable Bulgarian companies to measure and report on their environmental, social, and corporate impact by obtaining an assessment of their carbon footprint as well as further ESG-related indicators.
02.03.2022
Share:
„Investors around the world are increasingly considering compliance with ESG indicators in their investment decisions, and we are confident that companies that measure and account for the impact of their sustainability policies through Oxygen will have easier access to capital and overall competitive advantage.”, said Assoc. Prof. Manyu Moravenov, CEO of BSE.
„Regulatory pressure is increasing. Investors, employees and consumers are placing ever-growing importance on companies reporting their ESG impact and developing sustainable business models in line with their values. It is therefore with great pride that we announce today the launch of the Oxygen initiative in partnership with the BSE to enable Bulgarian companies to get a transparent 360-degree overview of their ESG performance, enabling them to stay ahead of legislation, reduce risk and drive the sustainable transformation.”, commented Lubomila Jordanova, founder and CEO of Plan A.
Oxygen is based on a technological platform developed by Plan A, through which Bulgarian companies can assess the impact of their business on the environment by entering data and processing it quickly in a few easy steps. ESG reporting is a key know-how of Plan A which builds tech tools to enable companies to better report and act on their non-financial performances.
One of the advantages of Oxygen, especially for public companies, is the ability to generate the Non-Financial Declaration, which has been developed in accordance with the EU Taxonomy and includes the ESG indicators established in world practice. The generated declaration contains quantitative and qualitative information structured textually and graphically in three main parts – environmental, social and corporate governance. This facilitates public companies as much as possible, especially in the reporting period.
In addition to the technology platform, the Oxygen initiative includes consultations and trainings, the first of which with a focus on public companies is planned for March 10, 2022.
More information about Oxygen can be found at: https://oxygen.x3news.com/en/
„Regulatory pressure is increasing. Investors, employees and consumers are placing ever-growing importance on companies reporting their ESG impact and developing sustainable business models in line with their values. It is therefore with great pride that we announce today the launch of the Oxygen initiative in partnership with the BSE to enable Bulgarian companies to get a transparent 360-degree overview of their ESG performance, enabling them to stay ahead of legislation, reduce risk and drive the sustainable transformation.”, commented Lubomila Jordanova, founder and CEO of Plan A.
Oxygen is based on a technological platform developed by Plan A, through which Bulgarian companies can assess the impact of their business on the environment by entering data and processing it quickly in a few easy steps. ESG reporting is a key know-how of Plan A which builds tech tools to enable companies to better report and act on their non-financial performances.
One of the advantages of Oxygen, especially for public companies, is the ability to generate the Non-Financial Declaration, which has been developed in accordance with the EU Taxonomy and includes the ESG indicators established in world practice. The generated declaration contains quantitative and qualitative information structured textually and graphically in three main parts – environmental, social and corporate governance. This facilitates public companies as much as possible, especially in the reporting period.
In addition to the technology platform, the Oxygen initiative includes consultations and trainings, the first of which with a focus on public companies is planned for March 10, 2022.
More information about Oxygen can be found at: https://oxygen.x3news.com/en/
more news
How Bulgarian Businesses Report Their ESG Progress
28.05.2025
Sofia, May 27, 2025 – The first report prepared by the think tank for sustainable finance and energy, the Green Centre, was presented on Tuesday, May 27, at Sofia University. The report focuses on how Bulgarian companies report their sustainability performance. The study, compiled by a team from the Green Centre, the Bulgarian Stock Exchange, and consultants including Prof. Dr Ec. Sc. Virginia Zhelyazkova, Prof. Dr Daniela Bobeva, Assoc. Prof. Dr Marina Stefanova, Prof. Dr Spartak Keremidchiev, and others covered 214 Bulgarian companies — including banks, state-owned enterprises, publicly listed companies, and energy firms.
read more
Green Talks on the “Omnibus” Package and the Current “Sustainability Vacuum”
24.04.2025
Sofia, April 24, 2025 – The Green Finance and Energy Centre hosted the first strategic Green Talks event of the year, focusing on the decisions and challenges following the adoption of the “Omnibus” package. Green Talks is a platform for dialogue and knowledge exchange among leading and economically significant business representatives in Bulgaria. It aims to foster collaboration and understanding of the evolving regulatory landscape while promoting the sharing of best practices and practical solutions. The 2025 first edition centered on regulatory developments and sustainability requirements, with EY Denkstatt serving as event host.
read more
The Green Center for Sustainable Finance and Energy Holds Final Green Talks Strategic Meeting for the Year
29.11.2024
Sofia, November 29, 2024 – The Green Center for Sustainable Finance and Energy hosted its final Green Talks strategic meeting for the year, focusing on the opportunities and challenges faced by major companies in the energy sector in their efforts to contribute to Europe’s green transition. The Green Talks format provides a platform for leading and economically significant businesses in Bulgaria to showcase their achievements in sustainability while sharing the regulatory and practical hurdles they encounter.
read more
