CSR Spending Stagnating Among Hungarian Companies


Image by Shutterstock.com

The majority of large Hungarian companies will spend the same or more on corporate social responsibility (CSR) activities in the coming year, despite the crisis.

Although most of them believe that the role it will play will increase, domestic CSR spending is relatively low, according to joint research by Scale Impact and the Hungarian PR Association, writes hrportal.hu.

The CSR spending of 60% of the companies is quite low, between HUF 1 million-15 mln, and only 10% of the respondents donate or spend more than HUF 100 mln-200 mln on social and sustainability programs.

Some 63% of the respondents already have or are preparing their CSR strategy, the research reveals, according to which it is surprising that 12% of large companies donate to charity as a substitute.


Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.