MVM Creates Green Financing Framework

Initiatives

MVM has created a green financing framework to help it meet Paris Agreement climate targets, the state-owned energy group said yesterday, according to portfolio.hu.

MVM has cleared EUR 1.5 billion of green investments as part of its strategy to become carbon neutral by 2050. Most of those projects involve network upgrades and establishing renewable capacity.

A smaller amount is for e-mobility developments and energy efficiency improvements.

ESG consultancy BNP Paribas supported the drafting of MVM's green financing framework.

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