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 […]

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, […]

Nearly half of medium-sized companies already take ESG (Environmental; Social; Governance) aspects into account when selecting suppliers, and more than a third of them already require data on this, according to a survey by the Makronóm Institute, MTI reported on Tuesday. ESG is a set of criteria that aims to ensure that the activities of […]