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Budapest Mayor Signs City Climate Strategy

Apr 3, 2021

Budapest Mayor Gergely Karácsony has approved the capital city’s new climate strategy, and energy and climate action plan, which sets the goal to reduce carbon dioxide emissions by at least 40% by 2030 against 2015 levels, the Hungarian state news agency MTI reports. He also approved Budapest’s green infrastructure development and sustainability action plan, according […]

BCSDH Sets Race to Zero Program as 2021 Priority

Feb 24, 2021

Following last year's regional consultation, the General Assembly of the Business Council for Sustainable Development in Hungary (BCSDH) held its annual meeting this week and hosted as guest speaker the President-CEO of the World Business Council for Sustainable Development (WBCSD) Peter Bakker who gave a presentation on 'Making stakeholder capitalism real and rewarding' to nearly […]

Updated, Integrated Long-term Strategy at MOL

Feb 24, 2021

The Board of Directors of the Hungarian oil and gas trust MOL reviewed and approved 'MOL Group 2030+', an update of the company’s long-term strategy – which was originally announced in October 2016 –, fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. A statement by the […]

Nestlé Aims to Be Carbon-Neutral by 2050

Feb 9, 2021

The Swiss multinational food and drink processing conglomerate corporation Nestlé has issued a statement explaining its top priorities for Europe, Middle East, and North Africa to reach its 2050 net-zero climate goal. Net zero means that the company drastically reduces greenhouse gas emissions throughout the value chain from raw material production to consumption (farm to […]

XIXO: Plastic Replaced by Recyclable Aluminum Cans

Feb 5, 2021

As of February 1, XIXO’s carbonated soft drinks are packaged by HELL ENERGY Magyarország Kft. solely in 100% recyclable aluminum cans, which can be recycled an infinite number of times. The manufacturer says it will permanently stop using plastic bottles across this entire product line, another step that demonstrates the company’s commitment to the environment […]

Aiding the Economy to Become Carbon Neutral by 2050

Jan 26, 2021

The Net Zero Advisory Board has been formed in a uniquely wide collaboration with renowned experts, the primary goal of which is to promote and accelerate the process by which the Hungarian economy can become carbon neutral by 2050, thus taking an important step to stop climate change. The Advisory Board is a cross-sectoral collaboration […]

Plans to Improve Financing the Renewable Energy Sector

Jan 24, 2021

The National Bank of Hungary (MNB) has published a study and discussion paper focusing on the challenges and opportunities for the financing of the Hungarian renewable energy sector. According to a statement by the bank, MNB's newly introduced preferential capital requirements for green corporate financing may also help the development of this sector. The national […]

How Can We Achieve the Net Zero Target by 2050?

Dec 4, 2020

In a unique collaboration, the embassies of six countries and the Hungarian Business Council for Sustainable Development (BCSDH) have teamed up with the support of the Ministry of Innovation and Technology to help accelerate the transition to a carbon-neutral economy in Hungary by 2050, thus taking an important step to tackle climate change. The purpose […]

MOL Recognized for Corporate Sustainability

Nov 17, 2020

The Hungarian oil and gas company MOL Plc. has announced that it has again qualified for inclusion in the Dow Jones Sustainability World Index (DJSI) in the Upstream & Integrated Oil & Gas category following the 2020 assessment process. A statement by the company says this is the fifth consecutive year that MOL has been […]

Energy Efficient Mortgage Offered in Hungary

Oct 17, 2020

The Energy Efficient Mortgages Initiative (EEMI) has announced that OTP Mortgage Bank has joined the Energy Efficient Mortgages Pilot Scheme. Currently, 62 lending institutions have committed to test the implementation of the final energy efficient mortgages framework into their existing product lines and processes. The EEMI is intended as a pan-European effort to coordinate market […]

The Goal is a ʻGreen Recoveryʼ from COVID-19

Oct 12, 2020

At an international online conference organised jointly by the National Bank of Hungary (MNB) and the European Bank for Reconstruction and Development (EBRD), presentations and discussions focused on the assessment and quantification of the adverse economic effects of climate change, the funding of renewable energy production and energy efficiency investments to achieve a green recovery […]

Europe's Largest Building-based Photovoltaic System

Oct 7, 2020

Audi Hungaria has Europe's largest building-based photovoltaic system installed on the top of its two logistics centres. With the green electricity being produced here from renewable sources, the CO2 emission is estimated to be reduced by almost 4,900 tons. As a result of the joint project of Audi Hungaria and E.ON, the solar power system, […]

App Against Food Waste

Oct 1, 2020

An application developed in Hungary is to form a community approach to food waste: through the application, canteens, menu restaurants and restaurant chains can also sell their remaining but untouched and high-quality food, giving them extra income and consumers with discounted offers and a variety of dishes. According to the data of the National Food […]

‘Race to Zero Carbon’

Jul 2, 2020

Leading domestic companies from several industries demonstrated their good examples and commitments, thereby encouraging domestic companies to make similar ambitious commitments towards a carbon-neutral economy at the online ‘Race to Zero Carbon’ event held this Thursday. The purpose of the event, organized by the Business Council for Sustainable Development in Hungary (BCSDH), the British Embassy, […]

National Bank for a 'Green' Recovery

May 11, 2020

There is ample scope for a ‘green’ recovery of the Hungarian economy. That is the conclusion drawn by the National Bank of Hungary (MNB), which, at the end of March, initiated a call for consultations with environmental experts, non-governmental organizations and institutes on the environmentally sustainable restart of the economy following the epidemic caused by […]

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