The automotive company, committed to sustainable operations, was the first company listed in the Premium Category of the Budapest Stock Exchange to develop a Green Finance Framework. In its first Sustainability Report, AutoWallis reviewed its functions, identified the main processes connected to sustainable operations, and transformed its internal information system required for preparing reports. As […]
The Business Council for Sustainable Development in Hungary (BCSDH) has developed into a leading organization for corporate sustainability, now representing the top executives of 133 responsible companies in Hungary. At its general assembly this week, member companies accepted the ‘Sustainable Business Management Guidelines’, thereby expressing their desire to lead by example as well as manage […]
Pick Szeged Plc. will reduce the amount of plastic used for packaging by another 14%, and from the end of January, after the sliced Pick salami, Herz hams will also be available in smaller tray sizes and in renewed packaging on the shelves, the food company belonging to the Bonafarm Group announced on Wednesday. According […]
The Budapest Business School (BGE) is the only Hungarian university to be included in the latest program of the UN-backed sustainability initiative PRME (Principles for Responsible Management Education), and has been awarded the title of PRME Champion, the institution has announced. As part of the program, BGE will work with 47 business universities around the […]
The world faces three critical challenges: the climate emergency, the loss of natural diversity, and growing social inequalities. Systemic changes are needed instead of isolated measures, which require profound and comprehensive cooperation across sectors and between economic actors. Building on these thoughts, the Business Council for Sustainable Development in Hungary (BCSDH), recognizing the opportunities inherent […]
Christmas trees collected from the streets in Budapest – estimated to be over half a million – are being used in an environmentally friendly way, the Waste Management Division of the Budapest Public Utilities Ltd. (FKF) announced on Friday. According to the statement, the real "placement dumping" starts after January 6 and usually lasts for […]
In its second year of operation, the European Union Modernization Fund has disbursed a total of EUR 4.11 billion in support of 61 projects in eight beneficiary countries, including Hungary. Funded by revenues from the auction of emission allowances from the EU's Emissions Trading System, the Modernization Fund aims to support ten EU countries with […]
Through new partnerships with Novelis, Hydro and BayWa, the VELUX Group has upgraded its Net Zero commitments, contributing to the reduction of emissions in the corporate value chain and the decarbonization of its own operations, The VELUX Group has signed three new partnership agreements: - Using low-carbon Hydro Aluminium, the carbon emissions per kilogram of […]
Hungarians are more aware of sustainability, but are less willing to spend on it this year, according to a survey conducted by Opinio market researcher on behalf of Rondo Hullámkartongyártó [corrugated board manufacturer] Ltd. Environmentally friendly packaging was rated as important by 50% of respondents in the run-up to the festive season. If it did […]
90% of biodiversity loss is caused by the extraction and processing of natural resources. One million species are threatened with extinction by 2050. Over half the world’s total GDP is moderately or highly dependent on nature and its services. The circular economy and biodiversity are closely interrelated. This key message was the focus of the […]
Owners of electric Opel vehicles will be able to buy not only vehicle chargers but will also receive access to sustainable energy solutions: thanks to the coordination of e-mobility-related services between the AutoWallis Group and ALTEO, owners of electric Opel vehicles will be offered a complex solution that ensures reliable and cheaper electric vehicle use. […]
Three-quarters of Hungarians say the war in Ukraine and high energy prices should accelerate the green transition, according to the latest yearly European Investment Bank (EIB) Climate Survey. After a challenging year in which Russia’s invasion of Ukraine sparked an ongoing energy crisis and accelerated inflation all over Europe, and a summer marked by record […]
As a result of energy-saving measures introduced by Spar Hungary and the modernization of its stores, the store chain's greenhouse gas emissions were reduced by 49% by 2021 compared to 2017 levels, the supermarket chain told the state news agency MTI on Monday. The company said that during the renovation of the stores, fluorescent lighting […]
“We are already living in an era of climate change, but we have all the tools and opportunities to take action. Business leaders have a key responsibility and opportunity to make positive changes at the systems level. The question is how.” This was the focus of this week’s business lunch organized by the Business Council […]
Following the example of a tree planting two years ago, the Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) came up with the idea of another green project: an insect hotel in Népliget park in Budapest in order to provide these small creatures with a safe, reliable place to survive bad weather, find food or even build […]
