The new European Union Directive 2024/825 on ‘Empowering Consumers for the Green Transition’ (ECGT Directive) will start to apply from September 27, 2026. It amends existing EU consumer laws and imposes new consumer information requirements that will require website changes for traders selling to EU customers. It also introduces stricter rules on claims that will […]
ORIGO Film Studios in Budapest has reached a defining milestone in its sustainability roadmap with the official handover of its state-of-the-art solar energy park. The company says this multi-megawatt installation represents a significant leap toward their net-zero emissions goal, reinforcing Budapest’s position as a premier, eco-conscious hub for global blockbuster productions. By integrating cutting-edge photovoltaic […]
The National Bank of Hungary (MNB) has updated its guidelines for the integration of environmental, social and governance (ESG) risks into banks' regular risk management framework, the central bank and financial market watchdog said on Monday. In applying the updated recommendation, institutions must adapt their operations and decision-making processes to the changed regulatory environment. This […]
Even the youngest children are asking questions about climate change today. Not only do they understand the problem, they also want to do something about it. The Earth Champions competition launched by the E.ON Hungária Group builds on this energy, transforming children's concerns into joint, joyful action. According to the press release, the energy company […]
Around 43 GW of enhanced geothermal capacity in the European Union could be developed at costs below EUR 100/MWh today, comparable to coal and gas electricity. The largest potential is concentrated in Hungary, followed by Poland, Germany and France, according to a new study by the global energy think tank EMBER that accelerates the clean […]
Green Energy Investhor is acquiring permits to build a 499 MW wind farm on the outskirts of Vadosfa (NW Hungary), the company told MTI on Wednesday. The planned investment will create a total of 499 megawatts (MW) of new installed capacity with 70 modern wind turbines (each with a unit capacity of 7-7.2 MW), which […]
The National Bank of Hungary (MNB) is supporting the green transition and the achievement of domestic climate goals through a new professional partnership, according to the central bank's website. The MNB has signed a cooperation agreement with the Hungarian Hydrogen Technology Association (MHTSZ). The main objective of the agreement is to assess the financing needs […]
64% of Hungarian companies leading the way in sustainable transition already use some form of circular model in their business activities, but complex solutions are not yet common, according to the latest survey by the Business Council for Sustainable Development in Hungary (BCSDH). The research, conducted with the professional support of KPMG, says that circular […]
A new, comprehensive financing option called the Green Momentum Loan Program is available from the Hungarian Development Bank (MFB). The program, which has a budget of approximately HUF 30 billion and consists of investment loans and working capital loans, aims to promote the transition of domestic businesses and organizations to sustainable operations, technological renewal and […]
The Circular Economy Summit in Hungary has been held for the eighth time at the Öbölház event venue in Budapest, where corporate leaders, researchers, and policymakers gathered to discuss the latest challenges and opportunities associated with the circular transition. The event was hosted by Willem van Ee, Ambassador of the Kingdom of the Netherlands, and […]
95% of sustainability-committed companies in Hungary state that being able to operate sustainably is their goal, while ESG activities and reporting are tools that can help make this possible. The number of companies that feel prepared to meet their ESG obligations has increased by 42%, according to the latest survey conducted by the Business Council […]
Fifteen years after the red sludge disaster, Provident Financial Ltd. contributed to the greening of Devecser with a community tree planting project. As part of its sustainability program, ProviGreen, the financial services provider has contributed one million forints to the development of the town's green areas. Provident Financial Services Ltd. will continue to strengthen its […]
The Allee Shopping Center in Budapest has received a five-star rating in the GRESB (Global Real Estate Sustainability Benchmark) system, making it one of the best-performing retail facilities in the Eastern European region. The prestigious ESG benchmarking system evaluates the sustainability performance of real estate based on a complex methodology that takes into account more […]
The Business Council for Sustainable Development in Hungary (BCSDH) has awarded HEINEKEN Hungária a sustainability prize for its carbon reduction program, the company announced in a press release. HEINEKEN Hungária won the award in the Climate Protection and Adaptation Category thanks to a technology that is expected to reduce carbon dioxide emissions by more than […]
While some companies are postponing mandatory sustainability reporting for two years in line with the EU Omnibus Package, 40% of respondents to PwC's Global Sustainability Reporting Survey will report according to the original schedule, even if not required to do so by law, according to a PwC statement. This is because 38% of companies use […]
