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Hungarian firms unite to tackle climate change

The EU Corporate Leaders Group on Climate Change (EU CLG) established the Hungarian Corporate Leaders Group on Climate Change aiming to encourage the development of climate change policy in Hungary.

The EU CLG was founded with the inspiration and support of HRH in 2007, The Prince of Wales, and it brings together business leaders from a cross-section of EU and international businesses. Since its establishment, EU CLG has a strategic plan to be the business voice of those companies who are who are convinced of the urgent need to develop new and longer-term policies for tackling climate change.

Their mission is to communicate the support of business for the European Union to move to a low carbon society, and to work in partnership with the institutions of the EU to secure the policy interventions.

The participants agreed that Hungary could take a leading position in climate change issues in Central an Eastern European region. The key issue is to understand that the transition from a high carbon emission economy to a low carbon economy is not a scarify, but it has serious potentials for green growth said Sandrine Dixson-Declève, Director, The Prince of Wales's EU Corporate Leaders Group on Climate Change. She highlighted that Europe; by investing into renewable energy sources can regain its leading position.

The group has the personal involvement and support of the CEO’s of among others, Deutsche Telekom, Johnson&Johnson, Nestle, Shell, Skanska, Tesco, Unilever and Vodafone.

However the Hungarian Corporate Leaders Group was established just today, there are already practical steps taken in order to advance with decarbonization. Tesco for example has a roadmap to reduce its carbon emission by 50% by 2020, and to 0% by 2050. Tesco quarterly measures the reduction of carbon emission, and the bonuses of employees depend already on whether they managed to achieve these goals, the CEO of Tesco explained.