New head of climate change and sustainability services at EY

Appointments

Ákos Lukács has joined EY Hungary as a partner, becoming responsible for the Big Four firm's climate change and sustainability services.

From 2012 to 2016, Lukács worked as head of climate policy in the public administration, where he was the domestic liaison to the UN Intergovernmental Panel on Climate Change (IPCC) and negotiator of the Paris Climate Agreement. He started his career in the scientific field in 2007 and later became active in the German public administration as well as in Hungary, before founding his own company.

For the last six years, he has been working in the consulting sector, helping several large companies in Germany and Europe to develop and implement their sustainability strategies and reports. He has assisted banks in the development of green frameworks, loan, bond, and mortgage products, and their issuance to green standards.

Commenting on his appointment, Lukács said that his primary goal is to help more companies recognize the opportunities they have in today's sustainability-driven business and financing environment. He considers it important to contribute to reducing the emissions of organizations, strengthening climate risk mitigation and resilience. The expert says this is also critical to ensuring business growth, which is why all companies need to focus on mainstreaming environmental, social, and governance (ESG) considerations.

"Establishing and maintaining responsible and sustainable operations will be a key challenge for companies in the coming years, both because of the organizational and attitudinal changes that will be needed to support them, and because of the green financing capabilities of financial markets. ESG considerations are becoming more and more prominent in the value of companies every day, and no manager can afford to ignore this", stressed Lukács.

The expert has extensive experience in producing so-called "non-financial reports" that showcase companies' impact on the environment, describe how they address sensitive social issues and detail the management decision-making process, and, if the results are right, take them through to an ESG certification.

Lukács graduated from Szent István University in 2006 with a degree in Financial Accounting and EU Agricultural Management. He was a contributor to the ESG Guide developed by the Budapest Stock Exchange and project manager of the EBRD and EU-funded Sustainable Capital Markets Strategy for the National Bank of Hungary and domestic project beneficiaries.

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