Environmental protection is becoming a global priority, and carbon footprint regulations are becoming increasingly strict. Under European and national legislation, large companies in Romania are required to monitor and report their carbon emissions annually. Cătălin Safta, CTO of Matricia Solutions, emphasizes the ease of complying with these legal requirements.

"Companies are scrambling to find the right resources to comply with these regulations. It’s simpler than they think." - Catalin Safta, Chief Techincal Officer Matricia Solutions

According to Romanian legislation, based on EU Regulation 2023/956 of the European Parliament and the Council from May 10, 2023, large companies are obligated to calculate their direct and indirect greenhouse gas (GHG) emissions generated by their activities. These emissions must be monitored based on energy consumption, resource usage, and other processes contributing to the carbon footprint. Reporting these emissions must be accurate and comply with legal standards, including submitting reports to the relevant authorities, such as the Ministry of Finance or national authorities managing the Carbon Border Adjustment Mechanism (CBAM).

Technology – An Ally for Sustainability

"The good news? To comply with these requirements, companies don’t need to invest in external auditors or hire expert employees in this field. They can use technological tools to simplify the monitoring and reporting process by leveraging something they already have: invoices", says Cătălin Safta.

At Matricia Solutions, we transform carbon emissions reporting from a legal obligation into a strategic advantage. Our integrated platforms use advanced technologies to automatically extract information from energy invoices, accurately calculating carbon emissions. This way, companies can easily comply with legal requirements while submitting reports to authorities without needing complex internal expertise.

Moreover, our solutions go beyond compliance by providing a detailed perspective on the environmental impact of a company's activities. By analyzing the generated data, organizations can identify major emission sources, optimize energy consumption, and reduce operational losses.

Case Study: Managing Carbon Emissions Reporting for a Large Healthcare Provider

In addition to these functionalities, our platforms are tailored to meet the specific needs of large companies. Optimizing consumption and finances for multiple clinics in a large private clinic chain is the type of tailoring we offer, on top of many other document-related solutions.

"Additionally, by leveraging artificial intelligence, we developed a system for classifying and extracting metadata from complex documents such as contracts and their annexes. This system not only quickly identifies essential information but also facilitates data extraction for sustainability reports", adds Cătălin Safta.

This solution enables easier integration of the information needed to assess the ecological and social impact of projects, contributing to operational efficiency and risk reduction in alignment with the company's sustainability goals.

Thus, reporting becomes more than just a legal obligation - it becomes a strategic tool for innovation, increased efficiency, and transparency in relationships with partners and clients.

Digitalisation can solve many things, but you need the right partner to help companies identify the Business challenges worth digitalising, matching technologies with needs. 

*This is expert corner article provided by Matricia Solutions.