Tag "ESG"
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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Széles körű ESG beruházási programot valósít meg a Nádudvari
Átfogó környezettudatos fejlesztési programot valósít meg az idén a Nádudvari Élelmiszer Kft. Decemberben fejeződik be az a 650 millió forintos zöldfejlesztési program, amelynek költségeit saját, illetve állami forrásokból, valamint az OTP...
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Fidelity: What will drive ESG development in 2024?
Systemic care, in which investors cooperate with a wide range of stakeholders to implement sustainability tasks, will be one of the main drivers of the ESG agenda in 2024. Fidelity’s...
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The competitiveness of Hungarian enterprises may depend on ESG compliance
Today, sustainability is not only a fashionable topic, but also a decisive issue for the future of business organizations in the 21st century. The worsening global climate reports already affect...
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Gránit Pólus: this is expected in 2024 on the commercial real estate market
This time, the giants of the commercial real estate market, rather than the film industry, met in Cannes to present the main trends of the sector. According to expectations, the...
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Generali sustainability forum: inflation and the energy crisis hindered the green transition of domestic SMEs
38% of Hungarian SMEs have already implemented a sustainability strategy or action plan, or are currently in the process of introducing one, which represents a 4% increase compared to the...
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The Parliament adopted the Hungarian ESG law
On December 12, the Parliament adopted the ESG Act supporting sustainable financing and uniform corporate responsibility, which will enter into force on January 1, 2024. The purpose of the new...
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Biztosított a minőség
A minőségbiztosítási elvárások egyre szigorúbbá válnak, aminek köszönhetően egyre biztonságosabb élelmiszerek kerülnek a piacra. Ugyanez vonatkozik az élelmiszerekkel kapcsolatba kerülő anyagokra, azaz a csomagolóanyagokra is. Ennek megfelelően a gyártók és...
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ICCO World PR report: first in ESG and MI
The most investments are expected in the field of ESG in 2024, and the acquisition of artificial intelligence skills is considered the most important thing for the future by the...
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Is the circular economy the Swiss army knife of ESG reporting?
As a complex system, the circular economy is associated with efficient tools for addressing climate change, biodiversity, and ESG issues. This key message was at the forefront of the sixth...
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K&H: This is how we encourage colleagues to use green solutions
The implementation of sustainable operations is almost a basic requirement for companies. However, it is not an easy task to get the employees to commit themselves to the ESG goals...
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According to the majority of companies, ESG reporting is a business advantage
Nine out of ten companies expect a business advantage from ESG-based reporting within five years, and more than half of the surveyed BCSDH member companies prepare reports regularly. The social...
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KPMG: Support for emerging technologies increased fourfold this year
Keeping up with evolving technology trends remains vital to business growth. Despite global economic uncertainty, business leaders remain committed to their digital transformation and innovation priorities – emerging technologies are...
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Investors pay bigger attention to sustainability considerations
According to a KPMG study, businesses seeking international investors have to consciously prepare for building a sustainable company, in accordance with environment, social and governance (ESG) aspects. This article is...
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A joint initiative of K&H and AKI: the agricultural CO2 calculator
On October 10, 2023, the K&H Group presented its gap-filling initiative created with the Institute of Agricultural Economics, the K&H agricultural CO2 calculator, which is available free of charge and...
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An upcoming legislative change may bring a new profession
Today, sustainability and social responsibility are highly important topics in the corporate world. Business strategies based on an ESG perspective must not only meet social expectations, but also the upcoming...
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The best corporate ESG solutions of the year were awarded
Even more than before, more people applied for this year’s renewed Effekt 2030 award, which companies operating on the domestic market could win with exemplary ESG solutions. IKEA, Procter &...
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