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National Mobile Payment Plc. held a series of thematic presentations at the EXPO 2020 World Expo in Dubai

The EXPO 2020 World Expo is being held under the theme of Opportunity, Sustainability and Mobility, where participating countries showcase their innovations, achievements and ambitions, exploring these sub-themes in different thematic weeks. Reem Al Hashimy, Executive Director of Expo 2020 and Minister of International Cooperation of the United Arab Emirates, said:

“The aim of the event is to encourage us to come together to tackle the challenges we face, as this is the only way to guarantee a better future for humanity.”

During the Urban & Rural Development Week, launched on 31 October 2021, the National Mobile Payment Plc. was also given the opportunity to present its existing national services in line with the general – national and global – sustainability and digitalisation efforts, as well as its future goals and national and regional conceptual directions at a series of presentations in the Hungarian Pavilion.

The Public Transport Mobile Ticket service, which connects cities and urban ecosystems, enables the electronic redemption of tickets and passes for local and interurban public transport, simply and cashlessly for the travelling public, using a smartphone application.

Mobile parking in Hungary, a public service, has been unified since 1 July 2014: charges levied by parking operators in pay parking zones can be settled quickly and conveniently via a mobile device and an app. The GPS built into the phone is used to locate the device (the parking zones are divided into numbered zones) and then the position of the device is displayed on the map, which can be used to start the parking process.

The common features of the services are that tickets purchased electronically do not need to be printed, validation is done by a smart device – thus significantly reducing the amount of cash needed – and paper circulation – significantly reducing the environmental impact.

In addition to national services available nationwide, regional cooperation opportunities were also discussed: The V4 Smart Platform Project 2 (V4SP2) aims to develop common interoperable e-services in the V4 member countries for the convenience of the population and public administration, such as interoperability between mobility (transport) and tourism services, a common, unified electronic and mobile payment infrastructure, a new generation of digital services in a single open model, and new market opportunities for V4 companies.

 

 

MIT is also counting on companies to become carbon neutral – a unique CEO consultation on “Fit for 55”

Budapest, October 25, 2021: At the request of the Net Zero Advisory Board, established in January, the Business Council for Sustainable Development in Hungary (BCSDH), together with the British Embassy, held a unique ‘Fit for 55’ CEO consultation. Company leaders and business sector representatives were able to meet and consult with Dr. Barbara Botos, Deputy Minister of State of the Ministry for Innovation and Technology (MIT). Discussions touched on the plans of the Hungarian government and the position of the business sector in relation to achieving the EU’s ambitious climate goals in Hungary. 31% of leading companies already have a net zero commitment.

At the British Ambassador’s residence, the Deputy Head of Mission of the British Embassy, Richard Shackleton – representing the host country of the COP26 climate change conference that starts on November 1 in Glasgow – hosted BCSDH member company executives, members of the Net Zero Advisory Board, and Dr. Barbara Botos, Deputy Minister of State on behalf of MIT, for a CEO consultation..

“The UN Climate Summit will start in a few days. We are all in the same boat. For climate neutrality by 2050, it is essential that everyone acts – companies, governments and individuals. We cannot delay any longer,” Richard Shackleton pointed out.

In July this year, the European Commission adopted a package of proposals for helping make EU climate, energy, land use, transport, and taxation policies capable of contributing to a reduction in greenhouse gas emissions by at least 55% by 2030 compared to the level of 1990. This more stringent target is necessary for achieving the EU’s 2050 net-zero-emission target. To this end, the European Commission has revised its climate and energy policies and transportation-related legislation to align with the 2030 target and the road that leads to it.

“Hungary wants to be a net climate-neutral country by 2050, and we have also committed to a 55 percent national reduction by 2030, but it is extremely important that all this is achieved with the support of society. In the recently adopted National Clean Development Strategy, the government is exploring potential ways to achieve climate neutrality, as enshrined in law” said Dr. Barbara Botos, ITM Deputy State Secretary.

“It is also important that we place the business sector at the forefront of our goals, so it is essential to know the position of companies: what are the challenges they see, and what are the opportunities they need to overcome to make the green transition economically viable” – she added.

Climate change is already happening. A drastic acceleration of ambition and action is essential for achieving the goals of the Paris Agreement. To do this, we need to make our economy carbon neutral by 2050. Companies play a key role in this process. But even for them, low-carbon emissions alone cannot be the goal: climate-neutral operations must be achieved as soon as possible. This requires new technological solutions at all levels and a rapid change in consumption patterns. A supportive legal and regulatory environment is also essential.

“The BCSDH aims to generate changes in models and business solutions in Hungary that have a real impact on climate change and can generate real responses to domestic challenges due to their take up by other companies. An important step has been the establishment of the Net Zero Advisory Board that has the aim of placing greater focus on economic, governmental, and social factors in the transition to a carbon-neutral economy” – said Márta Irén, Managing Director of BCSDH. “Such consultations are crucial for speeding up the process,” she added.

 

We held our fourth ESG working group meeting this year

Our fourth ESG working group meeting on 19th October exceeded all our expectations. Our guests speakers were Sándor Baja, Managing Director of Randstad Hungary Kft. and Björn Claussen, Regional Head of Multinational Coverage – Central Europe BNP Paribas, winner of the “For a Sustainable Future” Award in Change Leader category.

Sándor led us through the current Hungarian labor market situation, summarizing the challenges and possibilities, partially driven by Covid-19. We can currently see a clear gap between the number of people retiring vs. the number of 18 years old population. As the Eastern European countries are seemed to recover faster than the Western countries, we can witness some migration back to Hungary. Additional challenges are given by the facts that governance is decreasing the number of work permit issued, meanwhile the number of high education graduates are also decreasing. Hungary is not well prepared for the future job market, where continuous automation plays a key role, making mid-level jobs disappear. Today we can say that automation is creating more jobs then eliminates. STEAM education is rising in the western countries while in Hungary we are only around 20% and female students are even more underrepresented in the area. Regarding mobility we see a rising trend on urbanization as well as connecting small villages to the big company circulation due to remote and hybrid work possibilities.

Sándor also shared a new Randstad survey, what was conducted with the involvement of 7600 people, covering the topics of Covid-19 effect, employer of choice, remote work, employee retention and employee drivers.

Some of the key highlights are the following:

  • The IT sector is currently the most attractive, followed by telecommunication and business services. Retail industry is gaining popularity and currently finance is the less attractive option for the candidates.
  • There is a clear message for companies about remote work. Only 10% would like to go back to the office 100%, 25% prefers not to return at all and 65% is opting for hybrid solution.
  • There were job losses due to Covid in a higher % then we see in the official statistics, but many people were able to integrate to another sector. In 2021 21% was still worried to lose their job due to Covid-19.
  • The topmost important drivers are attractive salary and benefits, pleasant working atmosphere, job security, financial health, and good work-life balance. Sándor was suggesting using these parameters for job postings.
  • The results also show that from ESG point of view, giving back to society and company reputation are on the 9th and 10th place of the list. For around 30% of the people is important the ESG factor when looking into employers’ offering. We can see a bit higher number in case of women and high education graduates. Sándor was suggesting keeping this information available, but not to build the job advertising strategy around it.

Björn, representing the finance industry, started with a reflection on the Randstad report, how the sector lost its charm and now aims to offer more attractive opportunities for candidates. The role of a finance expert is becoming more and more advisory, who supports their clients to gain knowledge on global emerging trends, risks, and opportunities for a sustainable future. BNP Paribas has been carbon neutral on its operational scope since 2017 and was recognized multiple times for their work around ESG and sustainability worldwide.

The bank is redesigning its strategy to be even more action oriented by realigning their activities with the SDGs and how they can land money in another way. 15% of their investments is contributing strictly to the achievement of the UN SDGs. During the last 5 years they tripled their investment on renewable energy sector and reached their goal with two years in advance. They also started to invest in startups for energy, energy transformation, and efficiency areas, where after the 1st 100 million EUR spent, they partnered with another organization to further invest in the energy transition.

Bjorn also shared with us, what are the roadblock in their journey and how they are trying to overcome them. To reach their 2 Celsius commitment, BNP Paribas is gradually exiting some of the key industries as tobacco and coal. To make clients realize that the change is happening, they roll-out their exit strategies at the same time on a global scale, talking to clients one by one. Challenges are differently present in countries, where the governance is not committed on the same way towards the massive emission reduction. Beside the advisory approach, Bjorn continuously highlighted the importance of education and raising awareness around ESG, what is also part of their client management strategy.

BNP Paribas also conducted a survey on ESG recently. Some of the core findings are the following:

  • ESG know-how: 3 groups identified, leaders, explorers, observers
  • More investors are integrating ESG in their portfolio, data remains the primary barrier for integration and the social pillar is the hardest to measure
  • Investors engage with clients about ESG as part of their strategy
  • Shift from marketing to brand reputation as primary driver for ESGs

To watch a short video about the survey, click here.

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MAGNET BANK SIGNS CONTRACT FOR THE ACQUISITION OF SOPRON BANK

Budapest, October 14, 2021 – MagNet Magyar Közösségi Bank Zrt. (MagNet Hungarian Community Bank Zrt.) and Austrian Hypo-Bank Burgenland AG yesterday reached an agreement under which Hungarian-owned MagNet Bank Zrt. will acquire Sopron Bank Zrt., the Hungarian subsidiary of Hypo-Bank Burgenland AG. The transaction needs to be authorized by the National Bank of Hungary, after which Sopron Bank will become a wholly owned subsidiary of MagNet Bank. Following the sale of Sopron Bank Zrt., Hypo-Bank Burgenland AG will focus on serving corporate clients in Hungary, especially in the area of real estate financing.

 

Celebrating its 25th anniversary this year, MagNet Bank Zrt. is a pioneer in the Hungarian banking system as a community financial institution, building a link between responsible deposit and lending, social and community interests, based on the principles of sustainability and providing special customer rights.

 

Zsolt Fáy, President of the Hungarian Community Bank, said: “With the acquisition, MagNet Bank will not only gain a branch network in Western Hungary, but will also be able to nearly double its market share, creating opportunities for further dynamic growth and bringing value-based banking to regions where it has been less accessible.”

 

MagNet Bank, 100% in Hungarian private ownership, has been operating profitably in the domestic market for the past 25 years and through a series of previous acquisitions – including the 2013 acquisition of Banco Popolare Hungary – now serves more than 50,000 customers.

 

FURTHER INFORMATION

Csaba Molnár

MagNet Hungarian Community Bank

Community Development CEO

VERTIS LAUNCHES NEW VOLUNTARY CARBON MARKETS BRAND – STRIVE

Strive will serve the rapidly growing voluntary carbon markets with a dedicated team and product offerings for its clients.

Madrid, 14 October 2021 – Europe’s leading emission trading firm with over 20 years in carbon reduction projects, launches Strive, its voluntary market brand. The company has already traded over 1 billion units, channelled 64 M € to finance emission reduction projects and works with over 2,000 clients worldwide.

Strive will partner with private and public organisations to guide them on their journey to decarbonisation, inspiring and empowering them to change the legacy they leave behind. Strive offers tailor-made net-zero services, including sustainability advisory, renewable energy and energy attribute certificates (EACs), as well as high-quality carbon offsetting.

“Our clients know that sustainability is both a necessity and a business opportunity. In fact, we have created Strive because our clients wanted more from us. We are helping organisations with our bespoke services: from strategic advice through structuring investments, to calculating and offsetting emissions “, said Marc Falguera von Niessen, CEO of Vertis.

Action on climate is growing across all sectors worldwide. Organizations are demonstrating a clear appetite to contribute to the 1.5ºC goal of the Paris Agreement by committing to carbon neutrality and net-zero strategies. Strive is guiding its clients on this path by helping them measure, reduce, compensate and communicate their sustainability efforts in a simple, clear and effective way.

“VERTIS. STRIVE. We changed the letters around. But the passion to support our customers remains the same. This dedicated team and new brand open up a sea of opportunity in the voluntary markets and allow us to influence and guide major industrial and corporate sectors towards decarbonisation. It’s time to change the legacy”, added Gauthier Bily, Deputy CEO of Vertis.

________________

For more information contact:

Rocio Ramirez Llopis

rocio.llopis@vertis.com | (+34) 666 19 09 97

strive.earth

This approach is necessary for the transition to a carbon-neutral economy – participants of “The Future Leaders Talent Program” 2021 received their certificates

Graduates of the 2021 class of the Future Leaders Talent Program received their certificates at BCSDH’s business lunch on October 7. Together with this year’s 32 participants (the eighth year of the program), nearly 250 young leaders have now already graduated from the Future Leaders Talent Program of the Business Council for Sustainable Development in Hungary (BCSDH).

“Our unique Future Leaders Talent Program in Europe has never been more important than it is now. The attitude and knowledge obtained here are extremely important for moving towards a carbon-neutral economy as soon as possible” said Márta Irén, Director of BCSDH.

During the diverse program, participants can learn about ethical operations, strategy, and sustainability, not only from recognized experts but also from practicing leaders, while being introduced to mentor companies. There are nearly fifty mentors per class: corporate leaders, civil, academic and corporate experts help participants get to know about opportunities in the business sector from as many perspectives as possible.

Participants of the eighth class, as in previous years, were typically young leaders at BCSDH’s member companies who work in a variety of disciplines. This year started in a virtual space, but thanks to the new structure of the professional days and the alleviation of the pandemic, the summer events and the Deepening Day could be organized in a hybrid form, with an increasing number of participants meeting face to face.

“With more and more new techniques, we have made the online days even more colorful and interactive, including domestic and international news such as the labor market challenges of the relaunch, and the transition to a carbon-neutral economy. Participants were able to obtain first-hand information about sustainability and the current challenges of sustainable corporate operations from a number of domestic and international authorities. Our speakers included Prof. Dr. Diána Ürge-Vorsatz (IPCC), Dr. Gábor Bartus (NFFT), and Sándor Baja (Randstad) through a virtual lecture and discussion. And the project work related to the climate-neutral economy was an excellent example of the participants’ start-up thinking,” said Zita Szederkényi, head of the program.

During the training days, the BCSDH’s Comprehensive Interpretation of Corporate Sustainability management recommendations cover each point, the theoretical background, and corporate practice (Strategic Approach, Responsible Corporate Governance, Respect for Core Values, Environmental Responsibility, Partnership with Stakeholders, Ethical and Transparent Sustainable Products, Services and Innovation, which have been present for the last three years). The 32 graduates of year 2021 were able to receive their certificates at the BCSDH business lunch on October 7. Together with this year’s graduates, the Alumni organization of the Future Leaders Talent Program now includes graduates from eight iterations of the course, involving nearly 250 young leaders.

 

Essity invests in world’s first tissue machine running on geothermal steam

Essity is investing in enhanced efficiency in the company´s site in Kawerau, New Zealand, including the world’s first tissue machine running a fully geothermal steam drying process. Together with a reduction in pulp consumption, reduced waste and elimination of the burning of natural gas on the machine, the improvements will contribute to a reduction of carbon emissions by 23 percent from the Kawerau site.

“We´re setting new industry standards when it comes to sustainable tissue production. Investing in the world’s first tissue machine running a fully geothermal steam process is groundbreaking. By reducing our carbon emissions, we can offer our customers and consumers more climate friendly products”, says Magnus Groth, President and CEO, Essity.

The Kawerau site has served New Zealand’s businesses through its TORK products and New Zealand households with well-known brands such as Purex, Sorbent and Handee for over 65 years. Essity has 326 employees in New Zealand, including over 200 in Kawerau.  

Essity is proud to lead the industry for environmental and social sustainability performance across its operations in Australasia. Improvements include sustainable packaging supporting the Australian National Packaging Targets, certified sustainable fiber sources, ethical supply chains, and reducing manufacturing waste and water use.

The investment of approximately AUD 15m (approximately SEK 95m) is partly funded through the Government Investment in Decarbonizing Industry (GIDI) Fund, administered by EECA (Energy Efficiency and Conservation Authority) in New Zealand.

The production of tissue from geothermal steam is part of Essity’s work to use less energy and achieve net zero emissions by 2050.

Our newest member is Praktiker Építő- és Darkácspiacok Magyarország Kft.

Our newest member is Praktiker Építés- és Barkácspiacok Magyarország Kft., founded in 1995. represented by Zsolt Pártos with an almost  2019 HUF 68 million, with 1,724 employees. The main activity of Praktiker Építőipari- és Barkácspiacok Magyarország Kft. is the mixed retail sale of industrial goods.

Their environmental responsibility is to market environmentally friendly Greenstic products, first in the market sector. Thanks to a collaboration between Greenstic and Praktiker, environmentally friendly alternatives have been marketed that use standards from the Institute for Biodegradable Products (BPI) and the U.S. Composting Council, the American Testing and Materials Society (ASTM), to certify the composting of products. Praktiker’s core value  primarily is it’s social sustainability. Their CSR’s strategy is based on operating as a responsible employer and a sustainable workplace. They launched a program 3 years ago,  which focuses on the integration of disabled employees, with the future vision of  supporting SNI children and their families. Their ecological sustainability has been the focus of their business strategy since this year. Their corporate thinking has always been driven by their diversity and the long-term sustainability of the company. The European Diversity Charter was signed in 2019 and they have been an active participant in the annual “Diversity Week / Month” since then.

The aim of their membership is to be part of a professional sustainable environment and platform, in order to share best practises and partnerships.

 

Coca-Cola HBC Commits to Net Zero Emissions by 2040

Budapest, 12 October 2021 – Coca-Cola HBC AG today announced a commitment to achieving net zero emissions across its entire value chain by 2040. Via an existing, approved science-based target, by 2030 the company will reduce its value chain Greenhouse Gas (GHG) emissions in scopes 1,2 and 3 by 25%, with a further 50% reduction in the following decade.  To address the 90% of emissions in scope 3 resulting from third party actions, CCH will broaden its existing partnership approach with suppliers.  Wherever the issue cannot be eliminated entirely, the business will mitigate these by investing in other climate protection measures.

Commenting on the announcement, Zoran Bogdanovic CEO of Coca-Cola HBC AG said, “This commitment is the ultimate destination of a journey that we started many years ago. It is fully aligned with our philosophy to support the socio-economic development of our communities and to make a more positive environmental impact.  Both are integral to our future growth. Although we don’t yet have all the answers, our plan, track record and partnership approach give us confidence that we will deliver”.

A Robust Plan

To achieve its goal Coca-Cola HBC will:

  • Invests €250 million by 2025 in initiatives that aim to significantly reduce GHG emissions from business operations
  • Decarbonise further direct operations by switching to 100% renewable electricity and low carbon energy sources through continuous improvements and innovations in energy efficiency
  • Accelerate its journey to a more circular, lower carbon packaging approach by increasing rPET use, adopting packageless and refillable options, removing plastics in secondary packaging
  • Provide energy-efficient and eco-friendly coolers to customers
  • Reduce GHG emissions from agricultural ingredients
  • Implement a “Green Fleet” programme to switch to low and no carbon alternatives

In addition, Coca-Cola HBC has introduced CO2 emission reduction targets as one of the elements in its long-term management incentive plans.

A Strong Track Record

 Coca-Cola HBC was one of the first companies to commit to and deliver science-based targets.  In the last decade, the company has halved its direct emissions and the CO2 reduction plan to 2030 is already endorsed and approved on the 1.5-degree pathway.  In March 2021, Coca-Cola HBC was rated the world’s most sustainable beverage company by the Dow Jones Sustainability Index for the 5th time in the last 7 years, achieving its highest ever score. It is also ranked among the top sustainability performers in ESG benchmarks such as CDP, MSCI ESG and FTSE4Good.

Partnership

“We are delighted to work together with our customer Coca-Cola HBC on our mutual 2030 science-based greenhouse gas emission reduction targets and longer-term net zero aspirations. By working as a team, we will strive to cut the product carbon footprint of beverage cans in half by 2030.” – Kathleen Pitre, Chief Commercial and Sustainability Officer, Ball Corporation

“Crown is proud to be a supply partner of Coca-Cola HBC and of its commitment to sustainability. Their ambitious new sustainability goals align with our own initiatives, including our own Net Zero and science-based-targets, and we are fully on board for this journey.”, – Dr. John M. Rost, Vice President, Sustainability & Regulatory Affairs, Crown Holdings, Inc.

“As Tetra Pak also has a net zero target and SBTi approved 1.5o aligned 2030 targets, we look forward to working with Coca-Cola HBC to reduce GHG emissions and together achieve our joint aims.” – Markus Pfanner, Vice President Sustainability Tetra Pak

The new commitment is also endorsed by the “We Mean Business” coalition and Coca-Cola HBC has joined the list of companies supporting the “Race to Zero” initiative.

More information:

 

Juli Szegedi                                                                                                       György Márton

+36303385434                                                                                                  +36209312233

julia.szegedi@lwp.hu                                                                                          martongyorgy@lwp.hu

 

 

Coca-Cola HBC Hungary

 

Coca-Cola HBC Hungary is a member of the Coca-Cola HBC AG Group, which serves 615 million consumers across 28 countries. The Dunaharaszti-based company operates two facilities in Hungary that employ 1,050 people. Its overall production line provides jobs for nearly 13,000 people. Coca-Cola Hungary has so far invested HUF 125 billion in the country. The company is one of the most important players of the food and beverage sector, it ships its products to 26 countries. Nearly two-thirds of the materials used in production come from domestic suppliers.

As a result of the developments in recent years, Coca-Cola HBC Hungary distributes over 90 non-alcoholic beverages: carbonated drinks (Coca-Cola, Coca-Cola light, Coca-Cola zero, Coca-Cola zero lemon, Fanta, Fanta zero, Sprite, Sprite zero, Kinley, Royal Bliss), natural mineral waters (NaturAqua, Römerquelle), flavored mineral waters (NaturAqua Emotion, Aquarius), innovative waters (Smartwater), juices, nectars and fruit drinks (Cappy, Cappy Pulpy, Cappy Junior, Cappy Lemonade, Cappy+), ice teas (Fuzetea, Fuzetea zero), sports drinks (Powerade), energy drinks (Monster, Burn), (as well as plant-based drinks (AdeZ). The Rainforest Alliance Certified premium coffee, Costa Coffee is also a part of the Total Beverage Company’s product portfolio since May 2020, and Caffé Vergnano will soon join its product range. Coca-Cola HBC Hungary also distributes premium alcoholic beverages, including the Rézangyal, Jack Daniel’s, Finlandia, Bacardi, Famous Grouse and Campari brands.

 

Coca-Cola HBC AG

Coca-Cola HBC AG is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. The Group creates value for all its stakeholders by supporting the socio-economic development of the communities in which the company operates and believes building a more positive environmental impact is integral to its future growth. Together with its customers, the company serves more than 600 million consumers across a broad geographic footprint of 28 countries on three continents. Its portfolio is one of the strongest, broadest and most flexible in the beverage industry, offering consumer-leading beverage brands in the sparkling, juice, water, sport, energy, plant-based, ready-to-drink tea, coffee, adult sparkling and premium spirits categories. These beverages include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Costa, Valser, Römerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry, Cappy, Monster and Adez. Coca-Cola HBC AG fosters an open and inclusive work environment amongst its more than 26,000 employees and the company is ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good. Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE:CCH) and is listed on the Athens Exchange (ATHEX:EEE). For more information, please visit https://www.coca-colahellenic.com.

 

 

 

 

 

ECO GAME

On October 11, 2021, Legrand Zrt organized an eco-games day for schoolchildren. The emphasis was on protecting the environment with exciting tasks and competition. The Szentes Sports Hall was the venue for the event. In the morning, elementary school students were present. There were memory games, a swinging plastic bottle, a selective maze, etc. and a quiz with very serious questions. Based on the results obtained, the company awarded a prize to the schools. It was a particular pleasure for us that the special school (children with learning difficulties) also accepted our invitation.

Of course, they didn’t compete, but they did every game the best they could, and Legrand Hungary awarded the school a special prize. In the afternoon, the high school students clashed. We were expecting the children with real team games. The schoolchildren had to set up a functional structure similar to a go-kart. Then, at the end of the day, the race followed, where the schools rivaled the cars built. The other half of the teams built a cardboard wall and a bomber. The bomb was a bullet with which to knock down the boxes. The day took place in a fantastic atmosphere. Here too, each school was rewarded according to its results.

 

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