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 […]
A large number of outstanding applications were submitted for the 2025 'For a Sustainable Future' awards. The awards, established to recognize exceptional corporate and leadership achievements that contribute to achieving the UN Sustainable Development Goals and drive systemic change, have been presented — based on the decision of the professional jury — to Grundfos, Heineken, […]
The impact of climate change on business has shifted from being a distant threat to becoming part of our everyday reality. Today, business continuity itself is at stake. Companies can no longer focus solely on mitigating climate change; they must also simultaneously adapt to it. This was the central theme of BCSDH’s business lunch held […]
According to PwC's 2025 State of Decarbonization report, there continues to be a strong commitment to sustainability as a source of business value. In 2024, more than 4,000 companies reported climate targets to the Carbon Disclosure Project (CDP), a ninefold increase from five years ago. 37% of companies are increasing their ambitions, while 16% are […]
Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is USD 16 million per hour globally. A significant part of this stems from our lack of understanding of nature’s interconnections. Our current systems and infrastructures are no longer sufficient to handle these challenges – we […]
Domestic corporate sustainability continues to stagnate in the first half of 2025, according to the latest data from a representative survey of domestic companies with revenues exceeding HUF 300 million; K&H's sustainability index remains unchanged at 39 points, unable to break out of the narrow 38-40-point range for the fourth year in a row. According […]
French multinational rolling stock manufacturer Alstom is greening the electricity consumption of its Mátranovák factory (NE Hungary) with a 1.5-megawatt solar park. In an investment that will replace 23% of the factory's annual electricity demand with green electricity, experts will install 6,600 square meters of solar panels, the company said in a statement sent to […]
The application period for the 2025 For a Sustainable Future Award has officially begun. In support of this initiative — and to promote action and sustainable corporate operations — the Hungarian Business Council for Sustainable Development (BCSDH) held its first-ever Sustainable Future Inspirational Breakfast this Tuesday. The event aimed to showcase exemplary practices. The event, […]
The production of sustainable aviation fuels (SAF), which play a key role in decarbonizing aviation, has grown rapidly in recent years, but wider adoption requires industry-wide collaboration, according to an analysis sent to MTI by the Boston Consulting Group (BCG) on Wednesday. According to a BCG survey of more than 500 executives from 200 companies, […]
Nestlé Hungária Ltd. has inaugurated a new solar park in Szerencs, NE Hungary, representing an investment of EUR 1.8 million, the Hungarian Investment Promotion Agency (HIPA) reports. The facility will generate approximately 1.5 GWh of electricity annually and marks the latest development in the operations of the Swiss company, which has been present in Hungary […]
Appeninn Plc., which is a major player in the Hungarian real estate market, and also present in the Polish real estate market since 2023, has revealed its short-term sustainability strategy as well as sustainability vision for the next 10-15 years on the website of the Budapest Stock Exchange. According to the report, it is essential […]
Extreme climate and weather events are becoming more frequent and severe. The cost of the resulting damage and losses is USD 16 million per hour globally. A significant part of this stems from our lack of understanding of nature’s interconnections. Our current systems and infrastructures are no longer sufficient to handle these challenges – we […]
