A significant proportion of Hungarian companies are not aware of the environmental, social and governance (ESG) aspects they need to comply with, the biggest challenge for them is navigating the legislation and the lack of resources, according to an international survey published by Ernst&Young (EY). EY examined the conditions of ethical operation in 2024 by […]
The Budapest Stock Exchange (BSE) has published its second sustainability report, which also presents the company's 2023 environmental, social and governance (ESG) results, the BSE told MTI. With its annual report, BSE aims to provide direction to capital market participants, it said, explaining the summary of sustainability activities, which it prepares as a voluntary commitment, […]
The National Bank of Hungary (MNB) was the first in the Central and Eastern European region to join CASI, an international organization that aims to ensure that there are enough experts in sustainable investments worldwide, the central bank told MTI on Friday. Launched in early December last year, the CASI initiative provides sustainable finance capacity […]
The Mol Group has been awarded the International Sustainability and Carbon Certification (ISCC Plus) for the chemical recycling activities at the Mol Petrochemicals site in Tiszaújváros, NE Hungary. The certificate will enable the company to create a comprehensive value chain covering the entire life cycle of plastic waste, the company told MTI on Wednesday. According […]
The budget airliner Wizz Air has announced its new aspiration to power 10% of its flights with sustainable aviation fuel (SAF) by 2030. This new target marks a significant step in Wizz Air’s sustainability strategy, and builds on its ongoing investments in SAF development. To achieve the new goal, the airline is also calling for […]
Lidl Hungary has won the 2023 Green Frog Award for the best sustainability report, while Graphisoft Park has been awarded the special prize for the first best report, Deloitte Hungary, the award's promoter, announced on its website. The consultancy firm said that the Green Frog Award aims to recognize companies where sustainability is an integral […]
HEINEKEN, a beer manufacturer with a presence in more than 70 countries worldwide, has chosen Siemens as a partner to implement its global net-zero emissions roadmap, which aims to reduce its direct (Scope 1) and purchased energy (Scope 2) emissions to net zero across all its production facilities by 2030. The two companies will thus […]
Kempinski Hotel Corvinus Budapest has achieved Certified Silver Status through EarthCheck, the world’s leading business advisory group specializing in sustainability and destination management for the travel and tourism industry. This is such an important milestone, the hotel said in a press statement. “The EarthCheck Certified Silver confirms our mission and achievements in environmentally responsible practices,” […]
The Business Council for Sustainable Development in Hungary (BCSDH) has a cross-sector membership of more than 140 companies, enabling it to effectively promote partnerships to accelerate carbon neutrality and systemic processes. The organization has held its third Sustainability Partner Search for member companies this week with the event hosted by UniCredit Bank and the participants […]
The National Bank of Hungary (MNB) has issued a recommendation to Hungarian-based insurers on climate change and environmental risks and on how to integrate environmental sustainability considerations into their operations. The recommendation is aimed at helping insurers to take environmental factors into account and to help them to make the transition to sustainable operations and […]
In line with its commitment to sustainability and climate protection, the store chain is starting to transform its fleet with four electric and six LNG vehicles. This also means that Lidl has the largest fleet of alternative propulsion vehicles for in-store delivery of goods among the domestic grocery chains. For Lidl, as a responsible company, […]
The Hungarian Tire Association (HTA), founded in 2011 by seven international tire manufacturers with manufacturing capacity and representation in Hungary, has published an interview on its website with the Managing Director of Michelin Hungária, Dr. Attila Nemes who says that they aim to produce 100% of their tires from bio-based, renewable or recyclable materials by […]
Within three years, the Market group will be the first in the construction industry in Hungary to switch to sustainable corporate operations, which, according to plans, will reduce direct and indirect costs by 30% within two years compared to 2019 emissions of greenhouse gases. This is revealed in the second voluntary sustainability report of the […]
As a complex system, the circular economy is associated with efficient tools for addressing climate change, biodiversity, and ESG issues. This key message was at the forefront of the sixth Circular Economy Summit, which took place on November 23, 2023, attracting close to 150 participants and significant interest. During the event, the ‘The Tulip Award […]
"Educating the heart is as much as important as educating the mind," Rodney Irwin, the COO of the World Business Council for Sustainable Development (WBCSD) said at the Jubilee Event where approximately 100 alumni members, mentors, and experts celebrated the 10th anniversary of the BCSDH Future Leaders Talent Program. He spoke about the importance of […]
