Budapest, 13 November 2023 – Nine out of ten companies expect to see business benefits from ESG reporting within five years, and more than half of the BCSDH member companies surveyed report regularly. The social and governance leg of ESG is at the forefront of importance, with companies preferring to systematically collect and process this type of data. Biodiversity, on the other hand, is barely represented within the environmental dimensions, and strengthening this could be a priority for companies. There are several factors slowing down the integration of ESG aspects in companies, the main barriers being too many standards and the difficulty of producing data/KPIs of sufficient quality.
In 2023, the Business Council for Sustainable Development in Hungary (BCSDH) conducted its second ESG survey among its member companies, with KPMG as its professional partner. In the survey, 70 companies from 14 industries shared their experiences along 22 questions, in which the respondents covered, among other things, their ESG reporting and data collection habits, the main motivating and limiting factors related to ESG, and the role of ESG in the life of their organisations.
90 percent of survey respondents believe that ESG-based reporting could benefit their business in the next 5 years, and six out of ten companies (61 percent) already regularly produce ESG reports, most often at the international or parent company level and based on the GRI standard. Many have also come across the upcoming legislative requirement for ESRS standards under the CSRD, but their uptake is still low. A similar proportion of companies that already prepare ESG reports and those that are planning to do so prefer a standalone (34 percent) or integrated (33 percent) reporting format for the disclosure of their ESG data. The main drivers for ESG reporting include enhancing reputation, meeting shareholder expectations, and meeting regulatory requirements.
61 percent of companies believe they are prepared for reporting under the CSRD, and have a practice of reporting, while 84 percent publicly disclose information about their company’s performance.
In contrast to the 2021 survey, when companies rated the environmental dimension of ESG as the most important for their operations, this year there is a greater emphasis on social and governance issues, and this is reflected in their data collection and management practices. 85% of the companies surveyed collect some form of ESG data, most commonly in the areas of health and safety, employee information such as education, and carbon emissions. For at least one ESG topic, 78 percent of responding companies set targets, but this proportion will certainly become more robust in the future along the lines of CSRD expectations. These targets are discussed occasionally in management meetings by less than half of the member companies.
However, the picture is different when looking at the dimensions included in ESG reports. In this respect, environmental areas (such as carbon emissions, and energy consumption) continue to stand out. Biodiversity is the area where the least data is collected: six out of ten companies surveyed (62%) do not collect any data at all, although biodiversity has become a key sustainability issue this year and in the coming period, and is an area where progress is needed.
37 percent of responding member companies have already requested data from their stakeholders on carbon emissions, ethical operations, circular economy, and alternative energy and efficiency, while half of their customers (54 percent) are requesting data along environmental and governance dimensions. From the financing side, one in four companies is still asked to show progress on carbon emissions, alternative energy and efficiency, waste management, and health and safety.
In terms of organizational functioning, 72% of the companies surveyed have a dedicated ESG manager at the decision-making level. Half of companies have a dedicated ESG specialist in their sustainability department, a significant shift from two years ago.
Lack of sufficient detail in the legal requirements, too many standards, and insufficient quality of data/KPIs were the main constraints to incorporating ESG considerations in companies, as highlighted by respondents.
https://bcsdh.hu/wp-content/uploads/2023/06/ESG-a-fenntarthatosagi-keretrendszer-1.png6281200Galambosne Dudas Zsofiahttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngGalambosne Dudas Zsofia2023-11-30 15:40:202023-11-30 15:40:20An overwhelming majority of companies say ESG reporting is a business advantage – BCSDH’s second ESG survey
As a complex system, the circular economy is associated with efficient tools for addressing climate change, biodiversity, and ESG issues. This key message was at the forefront of the sixth Circular Economy Summit, which took place on November 23, 2023, attracting close to 180 participants and significant interest. During the event, the ‘The Tulip Award for Sustainability’ was presented.
‘Each year, we use 1.75 times as many resources as Earth can replace to sustain our lifestyles, and the supply of ecosystem goods and services cannot keep up with our needs. Damaged ecosystems exacerbate climate change, undermine food security, and put people and communities at risk. While real social needs could be met with 30% less material consumption, our economy is still continuously using more material. In this situation, accelerating the transition to a circular economy is in our common interest, as the associated reduction in consumption alone would represent a solution to numerous climate and ecological crises. Immediate action is also needed in this area.’ – said Attila Chikán Jr., President of BCSDH, in his speech.
The index of global material use is deteriorating. While in 2018, 9.1% of all raw materials used in the world economy came from recycled materials, this number had dropped to 7.2% by 2023. And as business as usual continues, the amount of material used globally may increase by up to 84% by 2050, while global social needs could be met with 70% of the material that is currently used. Reducing consumption to this extent would significantly positively impact several ecological tipping points
Today, the Circular Economy Platform, established at the initiative of the Hungarian Business Council for Sustainable Development (BCSDH), the Dutch Embassy, and the Hungarian Ministry of Innovation and Technology, consists of 99 members. These institutions have highlighted knowledge-sharing, collaboration, and immediate action as the platform’s most important tasks.
According to the BCSDH’s second survey on the state of the circular economy in Hungary, 73% of domestic companies see the transformation of production processes as crucial, while 66% focus on extracting resources from waste, and 62% are prioritizing waste management for the future. Consumer behaviour change will not be the primary driver of these changes, but a significant proportion of current initiatives target consumers and could play a crucial role in fostering awareness. However, systemic changes are still lacking.
Dr. Anikó Raisz, State Secretary for Environment and Circular Economy at the Ministry of Energy, spoke about the current regulatory environment for the circular economy in Hungary.
In Hungary, phasing out single-use plastics, implementing an extended producer responsibility system, introducing a new mandatory deposit system, and the newly operational concession-based waste collection system are seen as the sole opportunities to meet EU and Hungarian climate goals. These initiatives could also mark significant progress toward adopting a circular economy. Our goals are ambitious, and the OECD study released this spring, in which BCSDH played a significant role, provides guidance for achieving them.
According to the BCSDH survey, 69% of companies expect assistance transitioning to a circular economy involving government incentives, while 59% look to regulatory measures for support. There is great anticipation regarding these ongoing changes.
Among our internationally recognized speakers was Vincent GRUIS, Prof. Dr.ir., Professor of Housing Management at Delft University of Technology, who discussed the transition path towards more circular and sustainable construction—an essential area. Joost van Dun, the Circular Economy Lead at ING Bank, showcased through examples how circular economy criteria can be applied in sustainable finance during his presentation.
Camilla Visconti, Consultant at Circle Economy Consulting, highlighted during her presentation on the CSRD toolkit that it is the first reporting system in which reporting on progress in the circular economy is mandatory.
The role of SMEs (Small and Medium-sized Enterprises) in the transition to a circular economy is crucial, and they may be supported on their path towards sustainability by the OPTEN ESG Index. Dr. Hajnalka Csorbai, Strategic Director of OPTEN Informatikai Kft., introduced this index during the event.
A panel discussion focused on the relationship between the circular economy and ESG. Participants, including Tibor Bodor, CEO of ING Bank; Kam Jandu, CEO of Budapest Airport; Károly Gábor Nyári, Vice President and Head of FP&A at Grundfos; and Richárd Végh, CEO of the Budapest Stock Exchange, explored the significance of ESG compliance across various sectors and how fulfilling ESG criteria can be supported by the principles of the circular economy. The roundtable was moderated by Irén Márta, Managing Director of BCSDH.
Transitioning towards a circular economy and sustainable operations involves the crucial integration of ESG (Environmental, Social, and Governance) factors into the investment process. This framework ensures transparent, sustainable business practices that are measurable and reportable. Both the circular economy and ESG are pivotal for mitigating investment risks, meeting commitments to climate protection and biodiversity, and leveraging new forms of sustainable growth.
Az event’s second panel discussion focused on reforming Hungary’s waste management system, moderated by Bálint Bartha-Horváth PHD, Senior Sustainability Consultant at CBRE. Participants included Martin Basila, Founder and CEO of Sensoneo; Dr. Viktória Bodnár PHD, Managing Director of IFUA-Horváth & Partners Ltd.; and Tivadar Runtág, Material Flow Director at MOHU MOL Waste Management Ltd.
The new comprehensive waste management system has launched with the aim of achieving 90% functionality within three years. There are many unforeseen challenges ahead. Several smaller, older players did not register in the system, and the extent of illegal waste imports exceeds initial estimates. The stakes are high as significant volumes of valuable materials are ending up in the trash. The mandatory deposit return system starts with the installation of approximately 2000 return machines nationwide, which could increase to 4000-6000. Educating stakeholders is crucial, thus a significant and multi-layered campaign is launching to ensure that consumers across various age groups and market players understand every detail of the new system.
The Hungarian Green Building Council (HuGBC) has made an unprecedented and meaningful zero-carbon recommendation specifically for buildings in our country. This recommendation urges action from stakeholders within the construction industry to achieve the crucial 2050 climate goal. Gábor Szarvas, President of the HuGBC, presented this recommendation.
‘The Tulip Award for Sustainability’
For the first time, the Circular Economy Summit hosted the presentation of the “Tulip Award for Sustainability,” established by the Embassy of the Kingdom of the Netherlands in Hungary.
The aim of the award is to annually recognize SMEs, startups, companies, or nonprofit organizations that demonstrate outstanding performance in sustainability within a particular industry. This year’s award theme was the ‘Sustainable and Circular Construction Industry.’
“The circular economy remains an important priority for the Netherlands as the country wants to be fully circular by 2050. To achieve this ambitious goal, we should also build more sustainably as the construction sector accounts for half of the raw material consumption in the Netherlands,” – emphasized Désirée Bonis, Dutch ambassador to Hungary, in her speech.
This year, the prize was won by a young architectural company, Equinox International, for its holistic approach to the sustainability of its residential buildings. A special prize was given to Café Plusz Kft. for promoting hempcrete as a sustainable construction material.
A six-member professional jury evaluated the applications that were submitted, comprising:
Dr. Barbara Botos, Travelling Ambassador for Climate Affairs and Climate Diplomacy, Ministry of Energy
Zsombor Barta, Ambassador of the Hungarian Green Building Council (HuGBC)
Andrea Istenesné Solti, President of the Hungarian Business Leaders Forum (HBLF), Shell Hungary Zrt. Chair
Zoltán Krázli, Program Director of GS1 Hungary Nonprofit Ltd., Coordinator of the Lean & Green Platform
Irén Márta, Managing Director of the Business Council for Sustainable Development Hungary (BCSDH)
Katinka Zinnemers, President of the Dutch-Hungarian Chamber of Commerce (Dutcham), Managing Director of Abacus Medicine A/S
BCSDH – one of the founders of the Circular Economy Platform – strives to be a community of highly committed companies and business leaders and is encouraging and supporting its more than 140 member companies – and, following them, the business sector as a whole – to go ‘beyond emissions’ and focus on biodiversity conservation and restoration and reverse growing social inequality.
This is what our Time to Transform 2030 (a decade-defining program built on the achievements of Action 2020) is all about, to which our Circular Economy Platform is also connected.
Thanks to the main sponsor of the Summit:
Thanks to our sponsors of the Circular Economy Platform 2023:
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What is a circular economy?
In the current linear economic model, technical and biological components are extracted from nature, transformed, and, after use, treated as waste, much of which is not recycled.
In the circular economy model, on the other hand, metabolic processes occur in a closed loop, waste is almost 100% recycled, and biological and technological components are returned to circular processes without any loss of quality.
Therefore, the shift to a circular economy involves rethinking the relationship between markets, consumers, and natural resources through the responsible management of natural resources.
https://bcsdh.hu/wp-content/uploads/2023/11/DSC_6774-e1700753231808.jpg6501099eszter.chikankovacshttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngeszter.chikankovacs2023-11-23 16:21:592023-11-28 15:31:14Is the circular economy the Swiss army knife of ESG reporting? – Report about the sixth Circular Economy Summit
On 16 November, at our last Race to Zero Working Group this year, we got a better insight into the operations and long-term commitment of two of our member companies, and a definitive “yes” to the question in the title.
With the help of our host, János Kocsány, CEO of Graphisoft Park, we were able to learn about the history of the brownfield project, which is unprecedented in Europe. We chose this as one of the topics of the meeting because this year Graphisoft Park won the Sustainable Future Awardin ‘Business Solution – Biodiversity‘ category for its forward-thinking solutions. Moreover, the park, with 60% green space, has an outstanding tenant loyalty index (15 years) and is not just building offices, but a cohesive community, with a special focus on nature conservation and restoration.
Graphisoft Park’s case study with results and inspiring thoughts so far is also available in the Business Solutions sub-page under Resources on BCSDH’s website, along with several other examples of companies promoting biodiversity and climate adaptation.
The presentation by András Zakar, Director General of FŐKERT Division for Urban Park Management of Budapest Public Utilities Nonprofit Plc. showed that the Főkert is responsible for the maintenance and protection of 6 million m2 of green space in 479 locations. In addition to the more familiar bee pastures, he talked about the Stockholm tree planting method, low-impact plant protection and the Miyawaki mini-forests, of which there are already six in Budapest. They have their own plant nursery and a strong focus on monitoring and testing, and then applying best practices based on the results. Sustainable operations are supported by a fleet of electric vehicles, and waste management is also a priority. The main tasks of Főkert are public, but they are also keen to help companies to protect natural diversity, either by working with them to develop or rehabilitate a new area, or by involving employees in voluntary activities. Education and awareness-raising are a priority in all activities, as they know that the only way to protect nature is to involve people.
Andrea Nagy, BCSDH’s project manager, briefly presented this year’s Race to Zero programme and the professional materials, films and presentations related to the 2023 biodiversity flagship theme, which can provide a good summary and inspiration for further strategic thinking. This was followed by the 2024 targets, where there will be a continued focus on showcasing good business practices and collecting business solutions. In addition to the traditional workshops, we will also visit external sites.
Finally, Dorka Veress, HR and PR Manager of Graphisoft Park, gave an unusual behind-the-scenes tour of the site, where we could see how an old forge is transformed into a high-tech office space, what an unused area looks like, and we also had the chance to see the Generator House. In the close-to-nature office park you can find a bee pasture, a wetland with lots of fish and plants, lots of trees and of course the Danube bank, in addition to 22 species of birds.
Many thanks to the hosts and speakers for their inspiring presentations and ideas, and to the sponsors of the Race to Zero programme for their support:
https://bcsdh.hu/wp-content/uploads/2023/11/20231116_161317-scaled.jpg14402560Nagy Andreahttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngNagy Andrea2023-11-17 10:05:052023-11-27 20:03:59Can bee pastures be part of business strategy?
November 13-án és 16-án tartotta a Nemzeti Fenntartható Fejlődési Tanács (NFFT) a BCSDH-val együttműködve a Nemzeti Fenntartható Fejlődési Keretstratégia megújításához kapcsolódó egyeztetéseket építőipar, élelmezés és mezőgazdaság, logisztika és szállítmányozás, valamint pénzügy témákban. A közel 50 résztvevővel zajló egyeztetéseken a vállalatvezetők kiemelték a rendszerszintű változások és a valódi tettek szükségességét, valamint a holisztikus szemlélet és az edukáció fontosságát. A javaslatok aggregált módon beépülnek a következő 12 éves stratégiába.
On 13 and 16 November, the National Council for Sustainable Development, in cooperation with the BCSDH, held consultations on the renewal of the National Framework Strategy on Sustainable Development on the topics of construction, food and agriculture, logistics and transport, and finance. In discussions with nearly 50 participants, business leaders highlighted the need for systemic change and real action, as well as the importance of a holistic approach and education. The recommendations will be integrated in an aggregated way into the next 12-year strategy.
We thank the participants for the honest and constructive discussion and the professional organisations for their cooperation:
Federation of Hungarian Food Industries (FÉSZ)
Hungary Green Building Council (HuGBC),
National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO)
Hungarian Lean & Green Program
Hungarian Banking Association
Hungarian Logistics, Supply and Stockholding Company (MLBKT)
https://bcsdh.hu/wp-content/uploads/2023/11/20231113_142949-scaled.jpg14402560Nagy Andreahttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngNagy Andrea2023-11-16 16:05:022023-11-27 20:15:14“We heat the locomotive, but the steam is used for hooting not for starting.”
https://bcsdh.hu/wp-content/uploads/2023/11/20231109_140359-scaled.jpg19202560Galambosne Dudas Zsofiahttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngGalambosne Dudas Zsofia2023-11-10 15:27:072023-11-30 15:28:32Presenting the results of our latest ESG Survey – ESG Working Group meeting at 4iG
Budapest, November 8, 2023 – ‘Educating the heart is as much as important as educating the mind’ – said Rodney Irwin, the COO of the World Business Council for Sustainable Development (WBCSD) and leads the WBCSD Education program at the Jubilee Event where approximately 100 alumni members, mentors, and experts celebrated the 10th anniversary of the BCSDH Future Leaders Talent Program. He spoke about the importance of closing the sustainability skills gap.
“In a unique way within the Global Network, we adapted the WBCSD Future Leaders program with the participation of recognized domestic experts and have been continuously developing it since. Today, the Alumni community, comprised of graduate students, has grown to over 300 members, who have become a vital driving force for sustainability transformation,” – said Irén Márta, the Executive Director of the Business Council for Sustainable Development in Hungary (BCSDH), in her welcome speech.
At the anniversary event, Rodney Irwin emphasized, “There is a need to transform our systems and ourselves. To achieve this transformation, we need an understanding of sustainable development, the ability to make decisions in a complex and integrated world, innovation, collaboration, resilience, and a learning mindset. The purpose of business is no longer just profit generation but to produce profitable solutions to the problems of people and planet.”
The Future Leaders Talent Program plays a significant role in this transformation. We cannot solve problems using the same kind of thinking we used when we created them. It is essential to take the time to reflect on who we are, learn from one another, and pursue education and lifelong learning. Systems thinking is critical to ensure we avoid unintended consequences.
“The Talent Program, launched ten years ago, is one of the greatest sources of pride for our organization, the Business Council for Sustainable Development Hungary (BCSDH), as it offers a unique opportunity for participantsto become committed leaders in sustainability, capable of addressing the ever-changing challenges of the future,” added Attila Chikán Jr., the President of BCSDH, in his speech.
Rózsai, CEO of KPMG, provided participants with insights into the results of the KPMG CEO Outlook 2023 survey conducted among over 1,300 CEOs of the world’s largest companies. Currently, geopolitics and broader political uncertainty represent the most significant risks to a company’s business success. While dealing with this increasingly uncertain situation, the strategic priorities for business leaders remain the following: technology-digitalization-AI, the ESG framework, and the workforce-talent trio.
Thank you for the event sponsors:
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Sponsor:
https://bcsdh.hu/wp-content/uploads/2023/11/DSC_6412-1.jpg9281392eszter.chikankovacshttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngeszter.chikankovacs2023-11-09 14:48:452023-11-09 14:48:45‘Our job isn’t to predict the future, but to shape it.’– Rodney Irwin’s address at the BCSDH Future Leaders Talent Program 10th Anniversary Celebration
https://bcsdh.hu/wp-content/uploads/2023/11/DSC_6143-scaled-e1698936487397.jpg11772560Takacs Ivetthttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngTakacs Ivett2023-11-02 15:59:562023-11-02 15:59:56“Ecology and economy, two sides of the same coin” – Bertrand Piccard at the BCSDH exclusive Business Breakfast
A record number of exceptional submissions were received for the 2023 ’For a Sustainable Future Awards’. These awards were established to acknowledge outstanding corporate and leadership performance in achieving the Sustainable Development Goals and driving systemic change. According to the decisions of the professional jury, the winners in various corporate categories were IKEA, Nestlé, Graphisoft Park, Opten, and Generali Biztosító. Balázs Báthory (Market Építő Zrt.) received the Change Leader award, while Andrea Koncsikné Káli (BDL-Pureco Group) and Krisztina Schubauer (EXIM Magyarország) were honoured with the Leading Women award. The awards were presented during a ceremonial event at the Business Council for Sustainable Development in Hungary’s (BCSDH) business lunch on October 12.
Irén Márta, Director of BCSDH and a professional jury member, explained, “The 2023 ‘For a Sustainable Future’ Award received an outstanding number of submissions for the seventh time this year. The business world and the world around us are changing rapidly, presenting continuous challenges to companies. This should further motivate us towards swift action and the sustainable transformation of our systems. The ‘For a Sustainable Future’ Award evolves in step with changes in the business environment and responds to current challenges. This year, the awards were focused on areas where companies have the most significant impact by transforming their systems. Reading the submissions, it’s heartening to see an increasing number of solutions that are bringing about real change, with companies integrating sustainability into their operations.”
The panel of judges, consisting of Dr. Gábor Bartus, Szilvia Krizsó, Irén Márta, István Salgó, and Prof. Dr. Diána Ürge-Vorsatz, selected the award recipients.
CHANGE LEADER AWARD:
Balázs Báthory
Deputy CEO Responsible for Innovations and Strategic Developments
Market Építő Ltd.
Balázs Báthory is an innovative, future-shaping, visionary leader who plays a prominent role in making the construction sector more sustainable and addressing numerous social issues.
Due to his absence, Balázs Báthory, he was able to “virtually receive” the award.
A committed, conscious, and responsible leader who plays a significant role in creating value for water and sustainable urban water management.
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Krisztina Schubauer Executive Director of HR, Marketing, and Communications EXIM Hungary
A motivating, value-creating leader who, with their innovative approach, contributes significantly to establishing a sustainable workplace culture in corporate and other positions.
Nestlé’s regenerative agricultural program serves as a driving force for the complete revitalisation of the sector, with a critical focus on preserving and restoring biodiversity and climate adaptation at a domestic level.
The award was received by Anna Hőgyész, the Sustainability Leader of Nestlé, and Dr. Gábor Tompa, the Director of Corporate Communications and Government Relations.
Conservation and restoration of biodiversity category
Through long-term, sustainable development and the restoration of biodiversity, Graphisoft Park has created a high-quality, nature-oriented office park in an urban environment.
The decrease in biodiversity poses a more significant and immediate threat than climate change; immediate action is even more crucial. All companies are dependent on and affected by nature. Business leaders have a considerable responsibility and opportunity to achieve positive changes in this area. This was the focus of the BCSDH’s (Business Council for Sustainable Development in Hungary) business lunch on October 12, 2023, which emphasised biodiversity restoration and nature-positive climate solutions.
Budapest, October 12, 2023 – Life is intertwined with nature, and so is business, as nearly half of global GDP is directly dependent on nature and its services. How has biodiversity become one of the fastest-growing ESG topics? What role does nature play in achieving net-zero goals? What should companies do in this regard?
The Business Council for Sustainable Development in Hungary (BCSDH) presented a three-point recommendation at its business lunch to help the business world take steps in the field of biodiversity.
For a sustainable future, systemic changes are necessary. In addition to utilising the low-tech solutions provided by nature, it’s crucial to leverage the opportunities offered by artificial intelligence. This topic was discussed by Greta Nagy, a member of the BCSDH Board, in a conversation with Dr. George Tilesch, an expert and consultant in artificial intelligence (AI) who works with various sectors and industries, primarily in the transatlantic region.
“The most powerful tool that humanity has been given, thanks to artificial intelligence, is also the best instrument to solve civilisational problems. However, this only works if we can make it human-centric. The one who can steer it towards socially beneficial results and manage risks correctly will achieve the greatest long-term success. We need to create alternative technological visions and paradigms,”explained Dr. George Tilesch.
However, technological solutions alone will not provide the answer; we need ecosystem services provided by nature. Nature accounts for one-third of climate solutions.
In his opening remarks, Attila Chikán Jr., president of BCSDH, emphasised, “The decline in biodiversity can pose an even greater problem than the climate crisis, as we are on the brink of [biodiversity] collapse. The World Economic Forum (WEF) annual report already lists the disappearance of biological diversity as among the most serious risks. Biodiversity provides important adaptation functions in the context of climate change, as the more diverse and varied a system is – including the business [ecosystem] – the more resilient it is to external impacts. It has a much better chance of survival or adaptation.”
The time for action is undoubtedly now. Within our Time to Transform 2030 framework this year, which addresses the topic of biodiversity, we have formulated the following three recommendations that can assist the business sphere in taking the necessary steps:
Conduct organisational impact assessments and set goals for preserving and restoring natural and biological diversity.
Identify relevant areas and implement strategic initiatives incorporating natural diversity into decision-making processes.
Adopt and apply a holistic approach and mindset throughout the value chain, fostering partnerships and collaboration.
“How to embark on this journey?” was the focus of the executive roundtable discussion featuring Gábor Décsi, CEO of Dome Facility Services Kft., János Mészáros, Deputy CEO for Strategy and Economics at BKM Budapesti Közművek Nonprofit Zrt., and Anita Simon, Deputy CEO of the ALTEO Group. The discussion was moderated by Irén Márta, Director of BCSDH.
This year’s highlighted sponsors of the Race to Zero program were Deloitte and E.ON, with additional support from Alteo, ALD|Leaseplan, and Unilever. ALD|LeasePlan was a sponsor of BCSDH’s carbon-conscious events.
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Dr. George Tilesch
An expert in artificial intelligence (A.I.) and senior executive and consultant, working primarily in the transatlantic space across sectors and industries, specialising in AI Strategy, Ethics, Impact, Policy, and Governance.
He is Founder and President of the PHI Institute for Augmented Intelligence with the mission of putting machine intelligence in the service of enhancing the human condition for all. As a global senior executive and strategy consultant, Dr. Tilesch has worked for 25 years with a wide array of actors: government leaders on all continents (the EU, the White House, the U.S. Navy, NASA, Dubai, New Zealand), for corporations (Microsoft, Ipsos, and other companies from the Fortune 50 Tech list), and international organisations and global think tanks (World Economic Forum, Club de Madrid), in addition to startups, scaleups and global social innovation leaders. He is the co-author of the 2022 World Economic Forum AI C-Suite Toolkit, read and implemented worldwide by big enterprise CEOs. Dr. Tilesch is also the co-author of the book Between Brains: Taking Back our AI Future, published in 2020. Dr. Tilesch has American and Hungarian citizenship and is based in Silicon Valley.
https://bcsdh.hu/wp-content/uploads/2023/10/DSC_5618.jpg9281392eszter.chikankovacshttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngeszter.chikankovacs2023-10-13 12:46:272023-11-27 20:11:30Dramatic biodiversity loss has become a business risk – it poses a greater near-term problem than climate change.
https://bcsdh.hu/wp-content/uploads/2023/09/1695873993778-scaled.jpg19162560Galambosne Dudas Zsofiahttps://bcsdh.hu/wp-content/uploads/2021/12/bcsdh-logo.pngGalambosne Dudas Zsofia2023-09-28 15:08:082023-11-30 15:29:42We are getting closer to the launch of the CSRD – focus on regulatory details at the ESG working group meeting
Rózsai, CEO of KPMG, provided participants with insights into the results of the KPMG CEO Outlook 2023 survey conducted among over 1,300 CEOs of the world’s largest companies. Currently, geopolitics and broader political uncertainty represent the most significant risks to a company’s business success. While dealing with this increasingly uncertain situation, the strategic priorities for business leaders remain the following: technology-digitalization-AI, the ESG framework, and the workforce-talent trio.
