Market leader in sustainability: Market Group’s 2024 ESG report published

In 2022, Market Group was the first among domestic construction companies to publish a sustainability report that complies with international standards. In the period since then, the company has strategically integrated ESG (Environmental, Social and Governance) aspects into its operations, the results of which are clearly reflected in the 2024 data.

“We are proud that Market can be a market leader not only in terms of construction volume, but also in terms of commitment to sustainability. Our 2024 results prove that green operations and economic success go hand in hand. ESG is a strategic direction for us that guarantees the competitiveness and value-creating ability of the Market Group in the long term. I am grateful to the entire team for their dedicated work, which contributes to achieving our common goals every day,” said Sándor Scheer, founder and CEO of Market Építő Zrt.

Outstanding results in Compared to base year 2019

The Market Group is showing signs of consistent improvement in several key areas compared to base year 2019. The following 2024 results demonstrate the success of the sustainability strategy:

• Greenhouse gases (GHG): Revenue-based GHG intensity decreased by 38% compared to the base year (this indicator remained at a 37.5% decrease at the end of 2023).
• Waste management: The amount of waste generated decreased by 57% compared to 2019 (in 2023 this value was 39%).
• Water consumption: Municipal water consumption decreased by 85% compared to the base year (while a 70% decrease was registered in 2023).
• Energy efficiency: Electricity consumption decreased by 24% compared to 2019 levels (the reduction in 2023 was 3.7%).

Innovation for a greener future

Market Group also supports the achievement of sustainability goals with continuous technological developments. In 2024, the first 100% electric concrete mixer was successfully tested, which will be able to participate in construction sites without harmful emissions in the future. The company’s fleet has been expanded with 23 new electric vehicles, so that 30% of the vehicle fleet, which includes passenger cars, is now hybrid or purely electric, which can save about 95 tons of carbon dioxide emissions annually.

Attitude-shaping and award-winning projects

The company also emphasizes sharing sustainability knowledge. In addition to internal awareness-raising programs, the company’s projects are also excellent examples of the practical implementation of a green approach:

• Corvinus Gellért Campus: The LEED Gold-certified university building was presented as an international model project at a prestigious German environmental conference, the Deutsche Umwelthilfe “Sustainable Building Renovation”  , highlighting its solutions focusing on renewable energy sources and biodiversity.
• BEM Center: The mixed-use office building won the Commercial Development of the Year award at the Real Estate Awards, which recognized the sustainable architectural concept that creates an energy-efficient and modern work environment.
• BudaPart DOWNTOWN: The The high occupancy rates of the office building confirm the growing market demand for certified, sustainable buildings.

Recognition for the green shift

Market Group’s commitment is also recognized by independent professional organizations. In the ESG TOP 40 list compiled by HVG and Planet Fanatics’ Network, the company achieved third place among domestic companies in the environmental dimension. This recognition confirms that Market Group is implementing a true green shift in the Hungarian construction industry through consistent work and intends to be a pioneer of innovative and sustainable solutions in the future.