Few companies use green energy

By: Trademagazin Date: 2024. 01. 05. 11:10

More and more domestic companies see the importance of environmental sustainability and are planning investments, but for the time being they have held back their implementation because they have neither their own resources, nor external financing, nor tender support. Behind the minimal increase in K&H’s sustainability index, the picture emerges that the green transition of medium and large domestic companies is progressing very slowly.

K&H – winner of the “sustainability bank of the year Hungary 2023” award by Euromoney – publishes the K&H sustainability index for the fourth semester, which this time reached 39 points. Although this value is an increase of 1 point compared to the previous semester, it still does not reach the level of 40 points a year ago. If we look a little deeper into the data, a clear trend emerges: the index increased by 3 points each in three areas. Companies feel more and more involved in sustainability efforts (69 points) and actively do so (40 points). Strategy-making moves at a lower level, in the range of 30-34 points (currently 34 points were measured), and the sub-index of measuring and auditing indicators moves at an even lower level (between 12-16 points) (currently 16 points).

As a result of the various sub-indexes, the K&H sustainability index could have increased, but the social responsibility (CSR) sub-index, where the researchers recorded a 6-point drop, was significantly dragged down. Companies – especially the big ones – have significantly scaled back their social responsibility activities.