K&H: medium-sized companies are catching up

By: Trademagazin Date: 2023. 11. 28. 12:01

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Hungarian companies are paying more attention to sustainability than ever before and are increasingly feeling involved, according to the research behind the K&H sustainability index. Large companies are by far the most active in reducing their environmental footprint, with mid-sized companies trailing behind them and starting to catch up.

K&H – winner of the “Sustainability Bank of the Year Hungary 2023” award by Euromoney – has published the K&H sustainability index among medium-sized and large Hungarian companies for the fourth semester, which this time achieved 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 are increasingly incorporating sustainability into their strategy (69 points) and are actively working towards it (40 points). Although few companies measure the achievement of the set sustainability goals (13 points), two-thirds of those that do measure the results with independent experts.

However, due to the decrease in one of the sub-indexes, K&H’s sustainability index could not rise further: companies – especially the large ones – significantly reduced their social responsibility activity (it decreased by 6 points to 40 points). Presumably, this is inherent in forced cost savings.