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The picture on ESG is getting clearer – deeper insight into the implementing regulations of the ESG law

With more than 40 people in person, we held our next ESG working group meeting on 11 September 2024, hosted by KINSTELLAR.

The focus of the meeting was on the implementing regulations for the ESG law published in August. The most anticipated from companies were the detailed rules for the fulfilment of due diligence obligations for sustainability purposes, which were published in the Decree 13/2024 (VIII.15.) of SZTFH.

The event started with a welcome speech by Dr. Balázs Tomaj, lead lawyer of KINSTELLAR Energy Law Group. In his presentation he briefly described the domestic regulatory environment of ESG.

To our great pleasure, we again accepted the invitation of Gábor Csaba Molnár, ESG Director of the Regulatory Authority for Regulated Activities, who gave an overview of the specific implementing regulations and the content of the supplier questionnaire. His presentation was followed by a lively question and answer session.

 

Attila Bálint, the sustainability officer of IKEA Hungary, then used practical examples to show how sustainability criteria can be incorporated into the selection of suppliers and how their implementation can be monitored and ensured.
To conclude the event, Irén Márta informed the participants about the organisation’s upcoming events.

 

Human value and ESG: can a human approach move companies forward?

We held our second ESG Working Group meeting on 10 April, hosted by Allianz Hungária Zrt.

The issue of sustainability has also become an inescapable part of the insurance sector, emphasized Péter Török, Director of Accounting and Finance of Allianz Hungária Zrt. Anna Ötvös, sustainability and ESG expert, gave a deeper insight into the company’s sustainability objectives.

ESG-related legislative changes are in the focus of our working group meetings. We were delighted to have Gábor Csaba Molnár, ESG Director of the Regulated Activities Supervisory Authority (SZTFH), as our guest this time. He emphasized that the Hungarian ESG Act aims to support the competitiveness of Hungarian companies, to reduce the increasing information demand of external actors, to help them prepare for ESG reporting and certification, and to ensure predictable economic planning by reflecting the legislation of the European Union and the Member States. In his presentation, he also touched on the latest developments, indicating that several amendments to the ESG Act are expected in the near future, and the related implementing regulations are being prepared.

The SZTFH commentary on the amendments to the ESG Law is available here: https://sztfh.hu/az-esg-torveny-modositasa-tamogatja-a-hazai-vallalatok-versenykepesseget-kommentar/.

In the second half of the meeting, we further explored the theme of human values, the focus of the year. How important is work in the lives of Hungarian workers? How much do we like working from home? What do workers want to learn? Sándor Baja, Managing Director of Randstad Hungary Kft., gave us a presentation on the recent, and in many cases thought-provoking, results of the Randstad Workmonitor 2024 survey.

Companies can do most to reduce inequality through their employees. Andras Iljicsov, Managing Director of Spreadmonitor Ltd., invited Sara Pásztor, Managing Director of Skilly, to the meeting, who presented a new opportunity for participants in the employment of people with disabilities.

What is a life-long manager like? How to focus on people as an asset? What can managers learn from their subordinates? Zoltán Gazsi, Managing Director of Eisberg Hungary Kft., discussed these questions with Irén Márta, Director of BCSDH, in the context of her recently published book “Emberszemlélet”.

How can the ESG Act drive sustainability forward?

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Safety, Balance, Values – What can we do in the Society of Burnout? – ESG and Social Capital Working Group meeting

Social issues are receiving increasing emphasis in the business world, as growing inequalities carry systemic risks.

What can companies do to reduce social inequalities? What workforce trends should they prepare for in the near future? How can we support innovation in social issues by aligning with values? What psychosocial risks are present in the workplace? These were the topics that were discussed during our joint ESG and Social Capital Working Group meeting on April 27, 2023, with the participation of around 35 people, hosted by Randstad Hungary.

The participants of the joint working group were welcomed by Gréta Nagy, leader of the ESG Working Group and CEO of Dandelion, and Attila Kelemen, leader of the Social Capital Working Group and President-CEO of ProSelf International Ltd. They emphasized that social issues are gaining increasing importance in the business world, as the success of every organization depends on its people, i.e., colleagues, partners, and consumers.

Sándor Baja, the CEO of Randstad Hungary, presented the latest trends and indicators characterizing the Hungarian labor market in his presentation. He emphasized that in the uncertain economic environment, the financial stability of employers has become significantly more important. At the same time, the importance of work-life balance has further strengthened compared to the previous year.

Ágnes Vörös, Head of HR and Administration Hungary at BASF, and Kristóf Kovács, founder and trustee of the Invisible School Foundation, presented the Invisible School program, an exemplary initiative where volunteers support the academic development, vocational orientation, and social integration of children living in temporary homes through mentorship programs, personal tutoring, and summer camps.

Lajos Csaba, Deputy Head of PR and Government Relations at Richter Gedeon Nyrt., presented how the Richter Anna Prize helps the company contribute to the development of social issues such as education, healthcare, and pharmaceuticals. They support innovative ideas aimed at improving working conditions and service quality. The winning projects can serve as best practices on a wider scale.

Gréta Nagy‘s presentation focused on the issue of workplace stress. She emphasized how creating a trusting atmosphere, ensuring safety, and establishing balance greatly contribute to the mental well-being of employees.

To conclude the event, Zsófia Galambosné Dudás, Professional Project Manager of BCSDH, presented the organization’s plan for the new CSRD training.

Tag Archive for: ESG working group

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