Hungarian companies are optimistic about the climate goals

By: Trademagazin Date: 2024. 09. 30. 12:13

Domestic companies are optimistic about their climate commitments, but divisions within the organization can be a serious obstacle to their fulfillment, according to EY’s international research with the participation of more than 500, including Hungarian sustainability managers (CSOs).

The vast majority of the companies surveyed in Hungary (70%) are confident that they will achieve their climate protection goals and achieve a real change in the field of sustainability. This is confirmed by the fact that nearly half of the respondents spend more on initiatives aimed at this compared to the previous year, exceeding the global average. However, seven out of ten companies only plan to fully meet the climate protection objectives between 2040 and 2050.

It pays to communicate, inside and outside the organization

A significant proportion of domestic managers (82%) communicate publicly about the reduction of carbon emissions, and thus they are proportionally ahead of international trends. Moreover, for more than half of the respondents, climate protection efforts not only brought greater than expected consumer and social appreciation, but also better financial results.

Still, there is room for improvement inside the house. Sustainability developments are mostly hindered by a lack of internal cooperation, especially with technology leaders. Compared to the global average (36%), this cooperation problem is much more common in this country (58%). In addition, 40% of the respondents blame the lack of achievement of the climate goals on the laziness of the organization.