Since February, domestic companies can apply for a subsidy of HUF 2.8-4 million per vehicle for the purchase of a pure electric car, van or minibus. More than two thirds of the EUR 30 billion budget was put out to tender last year, over half of it has been contracted and almost a fifth has […]

The circular economy is a global imperative: it transcends geographical borders and requires cooperation between nations, organizations and stakeholders from different backgrounds. This key message was at the heart of the seventh Circular Economy Hotspot Summit this Thursday, a statement by the Business Council for Sustainable Development in Hungary (BCSDH) says. It was announced there […]

Mol Petrochemicals is expanding its green power production with a 48-megawatt solar park, creating one of the largest solar parks connected to consumers, Mol Hungary's Managing Director announced on Thursday in Tiszaújváros, NE Hungary. Speaking at a press conference at the company's existing 6-megawatt solar park, György Bacsa said the new solar park will directly […]

What can European level cooperation help European and domestic companies to achieve their climate goals and climate adaptation? What partnerships can promote the domestic delivery of the Green Deal's sustainability objectives and the spread of clean technologies and green industries? The high-level delegation meeting held on November 5, 2024, in Hungarian Parliament's office building, timed […]

Low-cost airliner Wizz Air has announced that it will trial operations using Sustainable Aviation Fuel (SAF) in collaboration with Airbus. This positions Wizz Air at the forefront of compliance with the EU’s forthcoming RefuelEU aviation regulations, which are set to take effect in 2025. The joint initiative underscores Wizz Air’s proactive approach to decarbonising air […]

The Mercure hotel in Debrecen has been awarded the BREEAM Excellent international sustainability rating, it has announced at a press conference held at the hotel. BREEAM is a sustainability rating system developed in the United Kingdom, and currently Mercure Debrecen is the highest-scoring BREEAM-certified hotel in Hungary. That was stated by Sándor Szabó, Deputy General […]

Four SOR TNS 12 trolleybuses were put into service in the southeastern Hungarian city of Szeged on Thursday. At the ceremony, the CEO of the Hungarian Mobility Development Agency (HUMDA), Virág Mészáros said that there is no more important aspect in the field of mobility than sustainability. The four trolleybuses, which can cover a distance […]

One of the most urgent sustainability challenges today is the dramatic rise in social inequalities and polarization, which also impact companies economically. Inequality is a consequence of our systems, and the solution lies in systemic transformation. Companies play an important role in this, primarily through their impact on employees and value chains. This was the […]

The Business Council for Sustainable Development in Hungary (BCSDH) has presented the multiple festival-winning documentary Beyond Zero for the first time in Hungary at an exclusive corporate event hosted and hosted by E.ON Hungária Group in cooperation with Sustainova. In addition to the top executives of BCSDH member companies, members of the Net Zero Advisory […]

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 […]