MVM Makes Green Transition a Pillar of Long-term Strategy
State-owned energy group MVM has made the green transition a pillar of its new strategy running until 2035, CEO Károly Mátrai said in an interview with index.hu published on Wednesday.
MVM plans to make infrastructure investments in the coming 10-12 years that support a reduction in greenhouse gas emissions and an advance toward carbon neutrality, Mátrai told the news portal.
"We're going to undertake power plant and grid upgrade investments that reduce greenhouse gas emissions by at least 50%," he added.
Diversifying MVM's portfolio is another pillar of the strategy, Mátrai said.
"In addition to regulated businesses such as transmission system operation, running distribution networks, or gas storage, we want to build a strong portfolio of market products to establish a healthy balance," he added.
He suggested that achieving that goal could involve streamlining, as the company didn't want to "spread its resources thin", and said MVM would focus on business areas in which it could be among the top three market players.
MVM also aims to be a "customer-oriented and adaptive organization", while striving for "financial excellence", Mátrai said.
He noted that maintaining MVM's current credit rating, or improving it parallel with a sovereign upgrade, was a "top priority".
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.
