Hungary Establishes Nat'l ESG Council
Photo by Black Salmon / Shutterstock.com
The National Economy Ministry on Wednesday announced the establishment of the National ESG Council which will play an important role in determining requirements for ESG (Environmental, Social and Governance) reporting, news agency MTI writes.
The National ESG Council is chaired by the national economy minister.
Its members are delegated by the Prime Minister's Office, the Prime Minister's Cabinet Office, the Energy Affairs Ministry, the Culture and Innovation Ministry, the Regulated Activities Oversight Authority, the Hungarian Chamber of Commerce and Industry (MKIK) and the National Association of Entrepreneurs and Employers (VOSZ).
The government aims to ensure an ESG system that complies with European Union rules but is independent to the greatest degree possible and reflects national particularities, the ministry said. Adopting ESG rules in time can prevent local companies from being put at a competitive disadvantage on the EU's internal market, it added.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
