The draft bill aims to preserve the competitiveness of local companies while allowing consumers to take decisions based on sound information, the ministry said.
It pointed to the importance of improving the predictability of economic regulation with regard to ESG data provision and ratings, as well as eliminating discrepancies in expectations of ESG rating providers, customers, and financing parties.
The text of the draft will be posted on the government website for social consultation.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
