Sustainability insights
Please find below our latest sustainability related insights.
Major changes brought about by the new ESG Act coming into force on 1 January 2024
On 12 December 2023, the Hungarian Parliament adopted the ESG Act, which will bring significant changes for many large companies, SME’s listed on the stock exchange, and even their direct suppliers. In addition to setting out the obligations of companies, the new legislation also lays down the framework and conditions for the complex operation of the ESG system. In this newsletter, we summarise the most important provisions for stakeholders.
Sustainability practices stocktake: how banks and insurers have progressed
Financial institutions have a leading role to play in shaping our sustainable future, and a strong need to reboot and shift to a more responsible finance model. As a core component of the economy, they bear the responsibility of upholding rigour and resilience in their risk management. With time running out to achieve a move towards nature-positive outcomes, what sustainability progress have banks and insurers made?
Fenntarthatósági Webinárium - Felkészülés a fenntarthatósággal kapcsolatos kötelezettségekre
Fenntarthatósági webinárium a Mazars szakértőivel, amelyben elmondjuk, hogyan készülhetnek fel a fenntarthatósággal kapcsolatos kötelezettségekre
European Sustainability Reporting Standards Set 1: What companies should know to prepare
As a framework for sustainability reporting, the first set (“Set 1”) of European Sustainability Reporting Standards (ESRS) lay the foundations of the standardised common language for sustainability-related matters throughout Europe.
COP27 insights: joining the global effort to build a better future
Climate change is no longer a minority belief, it is a global priority for every one of us. Increasing concerns for the state of the planet and life as we know it has led to a fundamental shift in behaviors in both individuals and organisations, with sustainability now front and centre of the international agenda.
How advanced are you on your sustainability journey?
As environmental, social and governance (ESG) issues rise in global importance and increasingly dominate the business narrative, the Mazars report ESG: Where are you on the journey? sets out choices and pathways for companies of all sizes and sectors as they look to embark on the transition to a more sustainable business model.
Preparing for the Corporate Sustainability Reporting Directive (CSRD)
The Corporate Sustainability Reporting Directive (CSRD) is now in force across the EU, with Member States given 18 months to adopt it into national law. The highly-anticipated directive requires companies operating in the EU to publicly disclose and report on environmental, social, and governance (ESG) issues. This means businesses will need to be prepared for more complex commitments to improve and report on their sustainable impact.
First set of draft ESRS: putting sustainability and financial information on an equal footing
As a framework for sustainability reporting, Set 1 of European Sustainability Reporting Standards (ESRS) lay the foundations of the standardised common language for sustainability-related matters throughout Europe.
Impact of the Corporate Sustainability Reporting Directive (CSRD) on non-EU groups and their EU subsidiaries
The European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD) includes an extra-territoriality principle that widens the population of companies subject to sustainability reporting to those outside the EU. The objective is to maintain a level playing field for all economic players operating in the European market.
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