HuGBC ESG working group celebrated its birthday at the KÉSZ Group

HuGBC (Hungarian Association for Environmentally Conscious Construction), of which KÉSZ Holding ZRt. is a member, founded the ESG working group exactly one year ago. The establishment and now the one-year anniversary was celebrated at our company, where the ESG Director of the SZTFH (Regulatory Activities Supervision Authority), Csaba Molnár, was invited as a guest.

The aim of the ESG Working Group of HuGBC is to assist the association's member companies in solving regulatory and professional tasks related to sustainability, to motivate and prepare them for the green transition by sharing good practices.The Hungarian ESG Act (CVIII. Act No. 2323/2013), which requires all large companies with annual net sales of more than 20 billion euro to conduct regular sustainability risk assessments of their suppliers and submit an audited ESG report to the Regulatory Authority for the Supervision of Regulated Activities (RSA). HuGBC member companies are also preparing to comply with the legislation, either as obligated large companies or as supplier partners, so the Authority's Director was invited to give a presentation and answer technical questions. At the beginning of the event, as is the working group's custom, the host presents its sustainability programmes, this time hosted by Edit Csizmadia, Sustainability Manager of KÉSZ Group.

The Director of the ESG of the SZTFH said that the European Union has recently been building up step by step the way in which individual economic actors have to take on environmental and social responsibility and how they have to report on it. The next milestone is the EU Directive, which will have to be transposed by all Member States in a few years. The ESG law in Hungary and the German Supplier Sustainability Act came into force before the EU directive and companies will have to collect and report sustainability data not only on themselves but on their entire value chain. For KÉSZ Group, this means that from 2026 onwards, in addition to the annual sustainability report, it will be mandatory to prepare a sustainability risk assessment and report (e.g. human rights compliance, environmental risk assessment) and KÉSZ Group member companies will be able to receive this type of questionnaire from customers and business partners.