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You are here: Home1 / News2 / News

It is increasingly vital to involve ESG aspects into decision-making – A new Working Group has been launched

News
On 30 September, the first meeting of the BCSDH’s newly formed ESG Working group was held, with the participation of more than 40 company leaders. The aim of the working group is to overview and introduce existing sustainability performance indicator systems, provide strategic guidance, create recommendations to company leaders and present related successful corporate practices.

The online event was opened by Mario Abela, Director of Redefining Value at WBCSD, in which he shared his thoughts on creating value in an uncertain world. Ákos Lukács, senior manager of Deloitte Zrt., talked about financing ESG transformation and the EU Taxonomy. The leader of the working group, Gréta Nagy, Managing Director of Dandelion Kft., presented the purpose of the event and the proposed measures.  Regarding financial investments, president of Bamosz, Sándor Vízkeleti and Balázs Bozsik, Advisor to CEO at Budapest Stock Exchange, presented the perspectives of the investor and the issuer side, moreover their own steps taken on the ESG criteria.

On the basis of the event, business leaders considered it important to incorporate the ESG criteria into company decision-making, agreed on the need for the working group and set the objectives together.

The next meeting of the Working group will be held on 17 November.

30.09.2020
https://bcsdh.hu/wp-content/uploads/2020/09/Montazs-honlapra_ESG.png 576 1024 Takacs Ivett https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png Takacs Ivett2020-09-30 16:10:102022-04-30 15:52:46It is increasingly vital to involve ESG aspects into decision-making – A new Working Group has been launched

Virtual tour to the World Horti Center co-organized by the Embassy of the Kingdom of the Netherlands

News

As part of the Action2020 Hungary Food and Nature program the Business Council for Sustainable Development in Hungary (BCSDH) and the Embassy of the Kingdom of the Netherlands organized a unique digital, live-guided tour to the World Horti Center (WHC) on 9 July, 2020. The WHC is the knowledge and innovation center for international greenhouse horticulture in the Netherlands.

The organizers invited company leaders and representatives, academics, experts, researchers of the sector and the press to get an insight into this leading platform where business, education, research and government jointly innovate, connect, inspire and share knowledge. It is situated in Naaldwijk in the Netherlands, a country which is a frontrunner of greenhouse horticulture and is the world’s second exporter of agricultural products.

The tour was opened by René van Hell, the ambassador of the Netherlands to Hungary, and Irén Márta, managing director of BCSDH. After that, Joep Hendricks, CEO of WHC, Mark Zwinkels, Director International of WHC and Gert Stiekema, Executive Director of Topsector Horticulture and Starting Materials presented the operation of WHC.

Participants could learn how the Triple Helix model works in practice, how WHC contributes to increase the level of sustainability in the horticulture sector, also outside of the Netherlands, and how WHC involves students of all levels to help solve issues and challenges in the future.

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09.07.2020
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Will we take the opportunity? – ‘Race to Zero Carbon’ – What can companies do?

News

At the online ‘Race to Zero Carbon’ event held on 2 July, leading domestic companies from several industries demonstrated their good examples and commitments, thereby encouraging domestic companies to make similar ambitious commitments towards a carbon-neutral economy.

The purpose of the event, organized by the Business Council for Sustainable Development in Hungary (BCSDH), the British Embassy, ​​the Embassy of the Kingdom of the Netherlands and the German Embassy, ​​was to encourage the domestic business sector to shift to a more sustainable, carbon-neutral economy after the pandemic.

The event built momentum for the “Race to Zero” campaign announced by the UN and COP26 in 2021, at which governments need to ratify the 2015 Paris Agreement.

‘If there is something to be glad about concerning the pandemic, then it is that our planet has been able to take a breath for a moment. Air and water have become cleaner everywhere on Earth. But still, climate change has not stopped. The forced economic break allows us to take steps towards achieving such things in which we have achieved very little so far. The positive climate impacts we have experienced should make governments and companies realize that we have to shift to ‘climate neutral’ operations as soon as possible’ –Attila Chikán Jr., President of BCSDH, said in his inspiring opening speech.

During the event, speeches were given by British Ambassador Iain Lindsay, host of COP26 in Glasgow in 2021, Dutch Ambassador René van Hell, a committed supporter of the circular economy, strategic partner of BCSDH, and Klaus Streicher, Deputy Head of Mission of the German Embassy in Budapest, speaking on behalf of Germany – which is planning on achieving climate neutrality and is next in line for the EU presidency. The purpose of the speeches was to encourage domestic companies to commit to faster and more ambitious reductions in greenhouse gas emissions.

Dr. Barbara Botos, Deputy Minister of State for Climate Policy, spoke about the climate protection law recently passed by parliament, according to which Hungary has committed to achieving net climate neutrality by 2050, thus to balance the emissions and absorption of greenhouse gases. Among the goals defined in the law, we can find the issuance of a Green Bond, and support for the energy-related development of domestic companies, thereby supporting the goal that the share of renewable energy sources in Hungary should reach 21% by 2030.

’The coronavirus may be our last warning, pointing out that if we do not change our relationship with nature radically, the survival of civilization is highly questionable. The health and economic crisis caused by the coronavirus is just a foretaste of what climate change will cause soon.’ – said Prof. Dr. Diána Ürge-Vorsatz, Vice-Chair of the Working Group of the United Nations Intergovernmental Panel on Climate Change (IPCC). ‘At the same time, the crisis and economic recovery have created many new opportunities to accelerate the economic and institutional changes needed for decarbonisation, but these were very difficult to mobilize before the crisis. It’s up to us whether we return to the outdated twentieth-century “normal,” or build a new, more livable, healthier, cooler and happier “new normal.”’- she added.

‘Half of our member companies already have strategic, climate protection goals, commitments and programs. The purpose of today’s event is to encourage companies to implement the recommendations of our Action2020 Hungary climate program as soon as possible by presenting the concrete activities of leading companies. These recommendations include the introduction of carbon footprint calculation, regular analysis of the results, and preparation of action plans for effectively reducing greenhouse gas emissions’ – said Márta Irén, Managing Director of BCSDH.

At the ‘Race to Zero Carbon’ event, Alexander Protsenko, CEO of Allianz Hungária Zrt., Chris Dinsdale, Deputy CEO of Budapest Airport, Dániel Rábai, Managing Director of Continental Hungária Kft., Lennard de Klerk, owner of Irota Ecolodge, Geert Swaanenburg, Heineken Breweries, Andrea Istenesné Solti, Chairman of the Board of Directors of Shell Hungary, Dale A. Martin, CEO of Siemens Zrt., and Nóra Hevesi, Head of Communications at TESCO-Global Áruházak Zrt., spoke about the specific climate-protection commitments and steps taken by their companies to foster carbon neutral operations.

02.07.2020
https://bcsdh.hu/wp-content/uploads/2020/07/linkedinposzt-3.png 450 810 Takacs Ivett https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png Takacs Ivett2020-07-02 17:07:032022-09-16 11:39:11Will we take the opportunity? – ‘Race to Zero Carbon’ – What can companies do?

“Race to Zero Carbon” – 2 July 2020. – What can business do about climate change?

News

Commitments and actions to reduce carbon emission

At the online “Race to Zero Carbon” event, BCSDH, the British Embassy, the Embassy of the Kingdom of the Netherlands and the Embassy of Germany are urging domestic companies to commit to a faster and more ambitious GHG emission reductions and to announce their commitments reducing the impacts of climate change.

The Race to Zero Carbon event promotes the post-pandemic economic recovery as a sustainable one and build momentum around the shift to a decarbonised economy ahead of COP26, where governments and companies must strengthen their contributions to the Paris Agreement.

Attila Chikán Jr., president of BCSDH, Iain Lindsay, British Ambassador to Hungary, H.E. René van Hell, Ambassador of Netherlands to Hungary, Klaus Streicher, Deputy Head of Mission at the German Embassy, and Dr. Barbara Botos, Deputy Minister of State for Climate Policy and Prof. Dr. Diána Ürge-Vorsatz, Vice Chair of Working Group III of IPCC are urging domestic companies to commit to a faster and more ambitious emission reductions and to announce their commitments reducing the impacts of climate change.

The European Commission presented its roadmap, the European Green Deal in December 2019. In March, it recommended an EU climate law, that would allow the continent to achieve carbon neutrality by 2050. The EU roadmap for climate targets remains in place, but the climate regulation must also be approved by the European Parliament, preferably before the next UN COP26 climate conference postponed to 2021 due to the pandemic. They defined Hungary’s climate and energy policy and the energy transition scenario towards carbon neutrality in Hungary’s long-term climate strategy (National Clean Development Strategy) until 2050, in the National Energy and Climate Plan until 2030, also covering the strategy until 2040.

Please, click here to start your registration here.

The event will be in English, without any interpretation.

For further information, contact Ivett Takács (ivett.takacs@bcsdh.hu).

 

17.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/racetozero.png 168 300 admin https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png admin2020-06-17 16:20:202022-10-21 16:42:46“Race to Zero Carbon” – 2 July 2020. – What can business do about climate change?

Switching from a linear to a circular economy – the Circular webinar series begins

News

The Circular Economy Platform is offering a three-part webinar series for free to its members and to BCSDH’s member companies. Participants will be introduced to the theoretical and practical foundations of the circular economy and its legal framework from recognized professionals. Furthermore, they can learn about the latest circular business models and product design processes through innovative international and domestic corporate examples. Participants will receive a certificate on all three occasions.
The first webinar will take place on June 30, where the speakers will be Dr. Gábor Bartus, Secretary of the National Council for Sustainable Development, and Dr. Bálint Horváth, the Circular Economy  Regional Policy Officer at the Embassy of the Kingdom of the Netherlands.

17.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/kgp_logo_HUN_szines.jpg 455 1024 eszter.chikankovacs https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png eszter.chikankovacs2020-06-17 15:45:202022-10-21 16:42:36Switching from a linear to a circular economy – the Circular webinar series begins

SOS 1.5: A new roadmap to action business commitments to deliver net-zero emissions

News

Today on World Environment Day, the World Business Council for Sustainable Development (WBCSD) released its new climate action roadmap to help companies reach net-zero carbon emissions before 2050.

Geneva, 5 June 2020: SOS 1.5: The road to a resilient, zero-carbon carbon future provides companies with a step-by-step framework and key actions to start and advance their journey to net-zero emissions – critical to keeping the world at a safe operating space for people and planet.

The severity of climate change is already a crushing reality for many people around the world. But it’s the COVID-19 pandemic, which has brought devastation to millions of people that has delivered the whole world a stark reminder of our vulnerability to systemic risk. The COVID-19 crisis has shown us that the world cannot afford to return to a pre-pandemic normal. We have no choice. We must build resilience against all the interconnected crises we face, and the biggest of all remains the climate emergency.

Business has the responsibility to lead the charge to net-zero emissions before 2050 – and they know it. Today also marks the launch of the Climate Ambition Alliance’s Race to Zero campaign: a coalition of leaders from countries, businesses, cities, regions, investors and civil society – all committed to achieving net-zero emissions by 2050 at the very latest.

Raising the bar for climate ambition across the economy, this year’s World Environment Day shows that the real economy is moving to net-zero. But it’s not happening fast enough. Business needs to work together across sectors and value chains to pair their climate targets and pledges with science-based, transformative climate action in line with the 1.5°C goal of the Paris Agreement.

Framework to accelerate a company’s journey to net-zero

WBCSD’s new science-based action roadmap for companies of all sizes and sectors aligns with the science and allows companies to decarbonize to net-zero carbon emissions before 2050. Developed with WBCSD member companies and the Boston Consulting Group, our framework provides six key steps and 16 actions which companies at any stage in the journey can follow to accelerate their journey to net-zero.

SOS 1.5 key steps for companies:

  • Ground ambition in purpose
  • Understand climate risks and opportunities
  • Set decarbonization milestones and targets
  • Build a climate program in line with company strategy
  • Mobilize resources broadly to deliver impact
  • Engage, disclose and communicate climate action

Business has the responsibility to keep the world within a safe-operating space of 1.5°C: creating green jobs, delivering economic growth and building a more resilient society. All companies must align with the science and implement climate action plans to reach net-zero before 2050.

SOS 1.5 supports all business commitments and initiatives to achieve the 1.5°C goal and provides a framework for companies to deliver and implement climate action to net-zero.

“To protect the employees, customers and the societies they serve and do no harm, business must act now – at scale—to accelerate the transition to a net-zero economy where economic growth is decoupled from carbon and more than nine billion people are able to live well, within the limits of the planet by no later than 2050. It’s more important than ever that business starts to invest and deploy their solutions, especially now in an economic recession from COVID-19” said María Mendiluce, – Managing Director, Climate & Energy, WBCSD.

“Business has the responsibility to accelerate our transition to a net-zero economy and we need to act now. SOS 1.5 is an exciting venture for businesses at all stages of their climate journey to commit to the science and design and implement their action plan to net-zero. Beyond individual journeys, companies leading on climate action need to work together across sectors and value chains to scale the investments and innovations we need to decarbonize the economy. Unilever are happy to be part of SOS 1.5: bringing companies together to tackle the biggest barriers and speed up our transition to a fairer, low-carbon world” said Alan Jope – CEO, Unilever.

“Aligning business investments and strategy with a 1.5 °C scenario is essential to building a green recovery which creates sustainable jobs and leads to a more efficient, resilient and healthier world. SOS 1.5 provides companies with a platform and framework to start and progress their journey to net-zero faster: to collaborate and overcome the biggest challenges to scaling up investments in low-carbon solutions to accelerate our transition to a climate-neutral economy said Carlos Sallé – Vice-president of Energy Policies and Climate Change, Iberdrola.

“Shell is very pleased to be part of SOS 1.5 and excited about its launch today. SOS 1.5 will support businesses like ours define their roadmaps to reach net-zero emissions by 2050 through helping to bring companies together to collaborate on sectoral decarbonization and develop credible carbon sinks to enable the system change to keep the world within a safe-operating space of 1.5°C. No company can reach net-zero alone. SOS 1.5 accelerates the business path to net-zero by forging collaborations to overcome barriers” said Harry Brekelmans – Projects & Technology Director, Royal Dutch Shell.

“Climate momentum cannot be slowed down by the COVID health and economic crisis. Today more than ever it is clear that E,S and G go hand in hand: we need both socially and environmentally friendly stimuli and investments in a transparent and cooperative world. SOS 1.5 is a plan of action for those who are committed to contribute to net-zero, whether they are starting their journey or already well advanced. It is time now to move from pledges to actions and really decrease emissions without the support of another COVID crisis said Michel Fredeau and Esben Hegnsholt – BCG Climate & Environment. 

05.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/sos1.5.jpg 383 680 eszter.chikankovacs https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png eszter.chikankovacs2020-06-05 16:08:162022-09-16 11:23:51SOS 1.5: A new roadmap to action business commitments to deliver net-zero emissions

Implementing sustainable supply chains has never been more important – the focus of Action2020 CEO roundtables was Food and Nature

News

Creating sustainable food systems is the key to maintaining the health of people and planet. The current system of industrial food and agricultural production is unsustainable, so changes both in mentality and in methods are necessary. The pandemic has highlighted the importance and vulnerability of these systems, and many steps must be taken to make them truly resilient and resistant, thus sustainable.

BCSDH held three exclusive roundtable discussions in May and June – virtual, due to the pandemic – with the participation of nearly 40 CEOs. The purpose of the discussions was to identify food- and nature-related focal areas about which BCSDH can formulate specific recommendations and activities for the business sector. The virtual hosts of the online roundtable discussions were three member companies of BCSDH, Nestlé Hungária Kft., SIÓ-Eckes Kft., and TESCO-Globál Áruházak Zrt.

Participants agreed that both an increase in the transparency and resilience of food supply systems and innovative corporate solutions will support the transition to a more sustainable food system. Significant steps towards this include the development of shorter and more diversified supply chains, the minimization of food waste throughout the whole value chain, and the implementation of methods and investments that serve to rehabilitate and preserve nature’s diversity.

“COVID-19 has also put food chains in a difficult position, drawing attention to the vulnerability of open systems, the problems of global processes, and the need for increasing the protection of biodiversity. If we can learn from our mistakes after the pandemic, building an energy- and material-saving and climate-friendly economy can contribute to building a more resilient economy. There is significant potential in having more flexible, shorter supply chains, and preventing food waste, moreover, also in the development of farming, that goes way beyond legal compliance and takes into account the protection of natural values” – said Attila Chikán Jr., President of BCSDH and CEO of Alteo Group, in his introductory speech.

The aim of BCSDH is to define recommendations and activities for the business sector regarding food and nature with which companies can create real impacts. Moreover, companies can introduce their business solutions on 8th October at BCSDH’s business lunch, and in the related publication, so that the latter can be adapted by others. The main sponsor of the Action 2020 program in 2020 is Nestlé, highlighted sponsors are Deloitte, E.ON and McDonald’s, and further sponsors are Alteo, Essity, Folprint, HungaroControl, HVG, MOL, Rossmann, and Unilever.

 

 

04.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/Névtelen-terv-10.png 536 1024 admin https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png admin2020-06-04 18:09:372022-09-16 11:18:28Implementing sustainable supply chains has never been more important – the focus of Action2020 CEO roundtables was Food and Nature

Hungary adopts new climate law to reach net-zero targets by 2050

News

The Hungarian Parliament passed a new law that confirms climate-neutrality by 2050 as a legally binding obligation. The adopted legislation demonstrates Hungary’s commitment to tackle climate change in line with the European Commission’s long-term climate objectives, according to the Ministry of Innovation and Technology. Although the new act contains forward-looking elements, it has been criticised for lacking ambitions to effectively fight climate change.

Péter Kaderják, Minister of State for Energy and Climate Policy emphasised that along the policy measures set out in the climate strategies and action plans adopted by the government, Hungary can gradually become a climate-neutral country by the middle of the century without the transition jeopardising economic growth and social welfare.

Earlier this year, the government announced the launch of the Climate and Nature Protection Plan that set out inter alia a support system for the renewable energy production of small and medium-sized enterprises, a six-fold increase of installed solar capacity in the next ten years and new incentives for the procurement of low- and zero-emission vehicles.

Mr Kaderják stressed that by 2030, 90 per cent of the energy generated in Hungary will be carbon-free. This strategy is relying primarily on the combination of nuclear and solar energy, that will account for the majority of Hungary’s power supply according to the government’s long-term energy strategy.

Although the new legislation declared climate-neutrality as a long-term objective, opposition leaders and environmentalist groups voiced their concerns that the 2050 target is both too far and too general. They criticised the new legislation for lacking ambitions as they wanted to see a higher level of commitment to reduce emissions and to increase the share of renewables over the course of the next ten years.

Péter Kaderják argued that Hungary is at the forefront in achieving the undertaken emission reduction targets among the EU Member States.

“By 2030, Hungary will be one of the few Member States that will not only be able to meet the targets of emission reduction in the non-ETS sectors such as transport, building, waste management and agriculture but is expected to meet them even earlier,” claimed Mr Kaderják after the Parliament enacted the new climate law.

However, the Minister of State underlined that the costs of a climate-neutral economy should be borne by the major polluters, reiterating that Hungary opposes the reallocation of funds from the cohesion pockets to climate protection in the EU’s next long-term budget.

Meanwhile, the European Commission is reviewing the EU’s 2030 target for reducing greenhouse gas emissions in light of the mid-century climate neutrality objective, exploring options for 50 to 55 per cent emissions reduction, a significant increase from the current 2030 targets that stipulates reductions of up to 40 per cent.

In September, the Commission is set to present an analysis, assessing the state of play and the measures presented by the EU member states are sufficient to reach the higher targets.

Yesterday, the Hungarian state also announced that it successfully issued its 1.5 billion euros international green bond for the first time, oversubscribed by five times. The issuer will use the proceeds from the green bond to finance and refinance certain green expenditures of the central budget in accordance with the Sovereign Green Bond Framework Program.

source: CEENERGY NEWS

03.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/klíma.jpg 211 480 eszter.chikankovacs https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png eszter.chikankovacs2020-06-03 22:17:442022-09-16 11:44:47Hungary adopts new climate law to reach net-zero targets by 2050

Building business resilience: How collective leadership will reverse nature loss

News

Organized by World Economic Forum, WBCSD, ICC, UN Global Compact, IUCN, Business for Nature

Monday 15 June 2020

Virtual event at:  7.00-8.00am New York (EDT) |  1.00-2.00pm Geneva (CEST) |  7.00-8.00pm Beijing (CST)

REGISTER NOW

Event sub-titles provided in: English, Español, Français, Português, 普通话

How resilient is your business?

Join this first major global leadership event to discuss nature in a world rethinking how to emerge from the crisis of a pandemic.

Hosted by Paul Polman, Co-founder of IMAGINE, and World Economic Forum Young Global Leader and news anchor Tian Wei, this event brings together inspiring business and world leaders to explore how making nature part of your decision-making is critical to becoming a future-fit business.

Healthy societies, resilient economies and thriving businesses rely on nature. Yet, more than half of the world’s total GDP is at risk from nature loss (World Economic Forum, 2020). Business and governments need to work together now to reverse nature loss in this decade.

Attendees will join a high-level, interactive discussion on what can be learnt from the interrelated emergencies of nature, climate, health and people.

Read the full speaker line up here.

Business leaders will:

  • Reflect on the current Covid-19 crisis and the lessons learnt in the context of the planetary crisis.
  • Explore how collective action is essential to building greater resilience.
  • Hear from companies that are including nature in their decision-making and accelerating progress towards a more sustainable future.

Nature is everyone’s business.

Register now.

Space is limited.

03.06.2020
https://bcsdh.hu/wp-content/uploads/2020/06/BfN-social_media_card-1200x675-v2-02.jpg 576 1024 eszter.chikankovacs https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png eszter.chikankovacs2020-06-03 19:45:032022-10-21 16:47:40Building business resilience: How collective leadership will reverse nature loss

What is the business sector’s response to the COVID-19 crisis? – “Future leaders” Alumni Virtual Meeting

News

How is the business sector responding to the COVID-19 crisis? What will the return to the “new normal” be like? How can we take care of the mental well-being of ourselves and our colleagues during the pandemic? We sought answers to these questions at this year’s first alumni meeting of the “Future leaders” talent program, which we held virtually on May 26, 2020, and whose guest speaker was Attila Kelemen, CEO of ProSelf.

27.05.2020
https://bcsdh.hu/wp-content/uploads/2020/05/Alumni-0526_final.png 576 1024 eszter.chikankovacs https://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.png eszter.chikankovacs2020-05-27 15:49:382022-10-21 16:48:59What is the business sector’s response to the COVID-19 crisis? – “Future leaders” Alumni Virtual Meeting
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Business Council for Sustainable Development in Hungary
1118 Budapest, Ménesi street 9/a.

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