Tag "ESG"
The importance of corporate sustainability reports reaches that of financial reports
Investors all over the world are looking for the opportunity for their investment to have a positive social impact in addition to adequate returns. However, it is easy to get...
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Donation of 5 million kilos: solidarity in a sustainable way
Five years ago, the Magyar Élelmiszerbank Egyesület last managed to save and donate as much expired and defective food to the needy as it did in the first half of...
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Focus on ESG: what is double materiality?
The widespread adoption of sustainability measures and ESG policies is creating new challenges for companies. Under the Sustainability Act (Act 108 of 2023) and the EU’s Corporate Sustainability Reporting Directive...
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The Tesco Angel Foundation is 5 years old: HUF 116.2 million donation to colleagues in a crisis situation
The Tesco Angel Foundation was established five years ago, which provides social assistance to employees in difficult situations from colleagues’ contributions, which Tesco doubles in all cases. Since 2019, more...
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SPAR builds a sustainable future in the present
An important part of SPAR Hungary’s corporate philosophy is environmental awareness, social responsibility, respect for employees, food safety, and support for health preservation. Along these lines, the company launched forward-looking...
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Hungarian SMEs must become sustainable in a precarious situation
It is crucial for small and medium-sized enterprises (SMEs) to start preparing now to meet the requirements of the ESG Act (E, environmental, S, social, G, governance). The regulation not...
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Social responsibility and billions in savings – employment of people with disabilities creates value
Every year, domestic enterprises pay almost HUF 200 billion as a rehabilitation contribution to the state coffers, since the proportion of employees with disabilities does not reach five percent. According...
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Adoption of the European Green Agreement and its effects on the agricultural industry
At the beginning of the week, despite protests from several countries including the Netherlands, Italy, Sweden, Finland, Poland, and Hungary, and with Belgium abstaining, the European Union’s Environmental Council ultimately...
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KPMG: Currently, every third company feels prepared for ESG-related regulations
According to the latest research from KPMG, approximately a third (29%) of companies feel they are ready for independent certification of their ESG disclosures, up from just 4% nine months...
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SPAR became the Fresh Meat Retailer of the Year
Two of SPAR Hungary’s stores also received prestigious recognition in the Store of the Year 2024 professional competition, and the store chain also won the title of “Fresh Grocers of...
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The 17th CSR Hungary Award for the best ESG solutions is coming!
Continuing the tradition of announcing the CSR Hungary Award, in 2024 it will be possible to apply again for the Hungarian Business Responsibility Award for the 17th time, for the...
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Tightening ESG regulation and practical challenges: where are we and where are we going?
The ESG (Environmental, Social, and Governance) framework has become a critical element in corporate operations and investment decision-making. At the Portfolio Property X 2024 conference, experts discussed the current status...
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The activities of Żabka Group have a significant impact on the development of the Polish economy
The recently published Responsibility Report, “Conveniently and Responsibly”, shows that the total amount of added value generated by the Group and its collaborating franchisees reached PLN 9.1 billion in 2023,...
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The green transition is a business opportunity, not just an obligation
The K&H Group received another prestigious recognition for its sustainability efforts. This year, the financial institution was included among the best in the HVG’s sustainability list. The award was accepted...
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Sz. Variáns Kft. implements an exemplary sustainability program
The packaging technology family business in Debrecen, Sz. Variáns, considers it important to reduce its own ecological footprint, which is why it expresses its commitment to environmental protection with its...
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A unique application based on objective indicators is launched: the HBLF Diverse and Fair Workplace recognition application period has opened
The recognition of the Diverse and Fair Workplace can be earned by those companies operating in this country that in practice contribute to the creation of an inclusive corporate culture...
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NGM State Secretary: the ESG Act strengthens the competitiveness of Hungarian businesses
The aim of the law defining the framework for responsible environmental, social and corporate governance (ESG) is to strengthen the competitiveness of Hungarian enterprises and promote the creation of a...
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What is double materiality in ESG?
Based on the Sustainability Act (Act No. 108 of 2023) and the EU CSRD (Corporate Sustainability Reporting Directive) adopted in December, large companies must conduct a double materiality assessment that...
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BCSDH annual meeting: Let’s lead the change!
The Business Council for Sustainable Development in Hungary (BCSDH) held its annual meeting at the Railway History Park on 27 February. This article is available for reading in Trade magazin...
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Instead of economic trends, global processes may determine the commercial real estate sector in the future
In recent years, as a result of the pandemic, geopolitical crises and economic uncertainties, the ability to plan for a multi-year period, which is the basis of the real estate...
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Waberer’s Group presented its first ESG strategy
Waberer’s Group would combat carbon dioxide emissions with an electric truck fleet, the use of alternative fuels, and the combination of rail and road transport. In addition to the further...
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The National ESG Council was established
The National ESG Council has been established – announced the Ministry of National Economy. It is explained in the announcement: in recent years, there has been a demand on a...
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The time for solutions has come – the world is at the beginning of a new era
The Hungarian Business Council for Sustainable Development (BCSDH) is now an organization that brings together the top managers of more than 140 responsible companies and is ready to take the...
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Mondelez eyes better energy use at plant in Austria
The Milka facility, located in Bludenz, Austria, will be “one of the first plants in Mondelēz International’s European production network to cover its hot water requirements […] with two modern...
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Changes are coming to corporate loans – banks are scrutinizing companies due to sustainability risks
Starting this year, fundamental changes have come into effect in the field of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in some way. While...
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The new consumer trends determine the development directions of the food industry and rearrange the food market
New consumer trends, such as the increase in demand for alternative diets and ready-made meals, as well as the intensification of the geopolitical and climate situation, strongly determine the development...
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ESG Act: Sustainability risk management by publishing the ESG report of large companies
A new reporting obligation awaits domestic enterprises under the so-called According to the ESG law. In the ESG report, which also supports a favorable credit rating, the companies concerned must...
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Fulfilling sustainability requirements can give Hungarian companies a competitive advantage
Starting this year, fundamental changes have come into effect in the area of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in one way or...
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Changes are coming to corporate loans – banks are scrutinizing companies due to sustainability risks
Starting this year, fundamental changes have come into effect in the area of corporate obligations related to sustainability, i.e. ESG, which will affect all domestic companies in one way or...
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Large companies are not yet prepared for the new ESG reporting obligation
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...
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