Sustainability investments pay off in our country

By: Trademagazin Date: 2024. 10. 23. 11:34

Sustainability investments pay off better than expected at domestic companies that take the designated climate goals seriously, according to EY’s international research with the participation of more than 500, including Hungarian sustainability managers (CSOs). Domestic companies mainly invest in climate protection, waste management, equal opportunities in the workplace, and improving the risk management of supply chains in order to operate sustainably.

In order to achieve their climate goals, domestic companies have so far taken steps in areas such as hiring climate experts, reducing electricity and fuel consumption, using renewable energy sources, and introducing climate protection technologies – such as carbon dioxide capture, storage and utilization technologies – in-house. .

During business planning, the surveyed CSOs pay equal attention to sustainability, when developing a growth strategy, when applying new technologies such as AI, and when optimizing supply chains.

It is not only for the fulfillment of reporting obligations that it is worthwhile for the drivers to join the ESG wave, as the study highlights that companies that are at the forefront of meeting climate goals are 1.8 times more likely to report a higher-than-expected financial value resulting from their sustainability measures – which is a very positive message for the for investors and shareholders.