Tag "ESG"
The importance of corporate sustainability reports reaches that of financial reports
Date: 2024-08-09 12:29:48
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
Date: 2024-07-26 12:17:26
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?
Date: 2024-07-02 11:57:48
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
Date: 2024-06-26 12:07:09
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
Date: 2024-06-24 11:45:32
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
Date: 2024-06-21 12:39:34
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
Date: 2024-06-20 11:40:17
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
Date: 2024-06-20 09:31:05
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
Date: 2024-06-19 14:14:13
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
Date: 2024-06-12 12:07:59
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!
Date: 2024-06-11 13:25:54
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?
Date: 2024-05-30 11:05:14
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
Date: 2024-05-21 09:12:30
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
Date: 2024-05-09 11:30:25
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
Date: 2024-05-06 12:01:05
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
Date: 2024-04-26 08:43:27
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
Date: 2024-04-18 13:10:43
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?
Date: 2024-04-11 12:12:06
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!
Date: 2024-04-10 10:43:31
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
Date: 2024-04-08 11:20:16
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
Date: 2024-03-12 11:44:34
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
Date: 2024-03-07 11:45:53
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
Date: 2024-02-29 11:12:43
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
Date: 2024-02-14 09:50:57
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
Date: 2024-01-30 12:17:23
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
Date: 2024-01-30 12:12:45
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
Date: 2024-01-29 12:17:14
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
Date: 2024-01-25 11:44:48
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
Date: 2024-01-25 11:30:44
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
Date: 2024-01-24 12:01:55
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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