Domestic Companies Unaware of ESG Requirements

A significant number of domestic companies are not aware of the environmental, social and corporate governance aspects they must comply with, according to the latest international research by EY involving a total of 5,464 stakeholders in 53 countries, including Hungary.

Their biggest challenge is navigating between legislation and the lack of resources. Almost half of the Hungarian respondents (51%) have not even heard of the ESG-related legislation or are unaware of its effects on the operation of their company,.

This figure is significantly worse than the average results in Eastern Europe (40%) and globally (35%).

According to their own admission, only one in every three Hungarians included in the research has some insight into the topic.

Compared to this, two-thirds of the respondents believe that their organization complies with the regulations regarding sustainability guidelines, the survey by the Big4 company revealed.

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