Green Business Consulting
We have a team of expert business consultants and lawyers, head quartered in Budapest with experience of offering services internationally
The global community has an ambitious plan to end poverty and hunger, ensure a decent education for every child, and protect the planet.
Achieving these targets by 2030, as enshrined in the United Nations’ Sustainable Development Goals (SDGs), requires a transition to a green economy.
To seize the business opportunities arising from the transition to a green economy, requires new approach and understanding of the green economy:
- consider the importance of internationally available green labels and its application
- measure and manage your environmental, social and governmental (ESG) progress and publish your ESG rating
- understand sustainable finance considerations and apply the related disclosures that will be needed in a green economy
- Green labelling is a recognised scheme for businesses to communicate the environmental credentials of products or services they put on the market.
- Green labelling is not only a way of communicating about environmental performance, but also a way of gaining market advantage for certain products and services.
- There are many types of green labels, thus, it is not easy to choose whichever is right for you. We assist you in the selection and also the application and implementation process.
- Environmental, social, and governance (ESG) criteria are an increasingly popular way for investors and banks to evaluate companies in which they might want to invest or give a loan.
- Many mutual funds, brokerage firms, and robo-advisors now also offer products that employ ESG criteria.
- ESG criteria can help investors and banks avoid companies that might pose a greater financial risk due to their environmental or other practices.
- Measure your company’s ESG risks, identify and assess ESG issues and tap into ESG opportunities.
- Apply for ESG Linked Loans and improve your ESG performance.
- The Non-Financial Reporting Directive (NFR Directive) applies to you if you have offices within the EU with over 500 members of staff (or 250 in Sweden, Bulgaria, Hungary and The Netherlands) and don’t already produce an annual sustainability report or integrated report.
- But even aside from the EU Directive, the regulatory space is blowing up on non-financial disclosure. Companies not already reporting on those aspects are going to become affected.
- Task Force on Climate-related Disclosures (TFCD) will apply to companies not disclosing on climate related topics. Whether or not this voluntary initiative becomes law, investors, banks and the public deem that climate risk is material and it should be reported.