It’s worth adapting the operations of companies to sustainability expectations

By: STA Date: 2022. 09. 12. 18:29

In the short term, it entails costs, but it’s worth it to adapt the companies’ operations to sustainability expectations – Opten told MTI on Monday.

According to the company information company, the redesign is especially timely, because the energy crisis also forces businesses to change (Photo: Pixabay)

The survey data show that environmental, social, and decision-making aspects (Environment, Social, Governance – ESG) should be given more emphasis, especially for the smaller ones, because they are significantly behind in this area. Only a third of the companies with annual turnover of less than HUF 250 million are above average in the ESG comparison. The best companies are those that achieve sales revenue exceeding HUF 10 billion, 85 percent of them perform above average – they wrote. Opten explains the difference between small and large companies by saying that sustainability investments are often expensive, and it is more difficult to spend on them with lower income. At the same time, they emphasized that it is now more worthwhile to adapt to the environmental effects, because the associated expenses can pay off sooner in addition to higher energy prices.

According to the announcement, the change is also important from a competitive point of view, as financial institutions are now required to take ESG aspects into account, and investors are increasingly valuing them. If a business plans accordingly, it not only contributes to sustainability, but it can also get loans and capital investments more easily, they added.

MTI