Large companies are not yet prepared for the new ESG reporting obligation

By: Trademagazin Date: 2024. 01. 24. 12:01

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ESG (environment (E), society (S) and corporate governance (G)) is an increasingly decisive factor in the operation of companies, so companies should look for and integrate sustainable solutions into their corporate decisions.

Regulatory and market trends show the increasing importance of ESG reports, as ESG is becoming a general regulatory principle, and investors and financial analysts are increasingly incorporating ESG aspects into their valuation models in response to global environmental and social challenges affecting the world. Most recently, the Hungarian Parliament adopted a forward-looking ESG law at the end of 2023, which requires companies to report and examine the ESG maturity of their supply chain.