Sustainability is more of a challenge than an opportunity for Hungarian companies

Carbon neutrality still a long way off

“Reducing carbon emissions remains a weak point in companies’ sustainability efforts. The lack of emission measurement and the lack of planned measures prevent companies from achieving real results in terms of carbon neutrality goals. Although companies judge their own performance optimistically, these opinions are less well-founded in the absence of measurable data. In order to achieve the EU goals, it would be essential to continuously measure carbon emissions and develop and implement specific reduction plans in the corporate sphere”

– Levente Suba, K&H Sustainability Manager, gave a more detailed presentation of the two sub-indexes of the K&H Sustainability Index.

Companies do not feel involved

According to the semi-annual research, the proportion of companies that feel involved in achieving carbon neutrality goals has further decreased, practically the carbon neutrality attitude of the companies surveyed has fallen to the level of the first measurement of the K&H Sustainability Index. Only 39 percent of them feel rather involved, while this proportion was 55 percent a year ago. One third of them do not feel rather involved, while 28 percent completely exclude this issue from their strategy – this is the same as the proportion measured in the first half of 2022, which is the highest in the past six semesters.

At the same time, the indicator that measures companies’ knowledge of EU carbon emission targets is also stagnating: only two out of three companies know these targets precisely, so it can be said that a breakthrough in companies’ attitudes towards carbon neutrality did not occur in this semester. The research’s attitude sub-index cannot break out of the 66-70 percent range.