More than a thousand Hungarian firms will have to report on their sustainable operations to the EU

By: Trademagazin editor Date: 2023. 05. 18. 11:32

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An 11-country study by Ernst & Young (EY) has found: less than a third of companies qualify as sustainable, based on the EU’s green framework system.

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This article is available for reading in Trade magazin 2023/5

The EU wants to be carbon neutral by 2050, and with the 2021 Taxonomy Regulation it stipulates that companies have to report on the sustainability aspects of their operations. The reporting obligation is extended to companies gradually, from large corporations to SMEs. Soon 50,000 businesses in the EU and up to 1,300 based in Hungary may need to prepare such reports. //