MNB drafts recommendations on environmental governance for banks
Photo by Adriana Iacob/Shutterstock.com
The National Bank of Hungary (MNB) is drafting recommendations on environmental governance for banks, deputy governor Csaba Kandrács said at an online conference on Wednesday, state news wire MTI reports.
Photo by Adriana Iacob/Shutterstock.com
The recommendations will be issued for social consultations within a few weeks, Kandrács said.
Only about one-third of local banks weigh risks to sustainability and climate change in their governance, while that ratio stands at three-fourths globally, he added.
Richárd Végh, the CEO of the Budapest Stock Exchange (BSE), which is majority-owned by the MNB, said the bourse launched an open consultation on achieving environmental, social and governance criteria in earnings reports on Thursday. The consultation will run until the end of January, and the BSE will issue recommendations in Q1 2021, he added.
Higher Fuel Prices Add 0.6-0.7 pp to CPI
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
