• Home
• Channel: Business
• CSR Spending Stagnating Among Hungarian Companies

CSR Spending Stagnating Among Hungarian Companies

• 21 Nov 2022 1:10 PM
• Budapest Business Journal

The majority of large Hungarian companies will spend the same or more on corporate social responsibility (CSR) activities in the coming year, despite the crisis.

Although most of them believe that the role it will play will increase, domestic CSR spending is relatively low, according to joint research by Scale Impact and the Hungarian PR Association, writes hrportal.hu.

The CSR spending of 60% of the companies is quite low, between HUF 1 million-15 mln, and only 10% of the respondents donate or spend more than HUF 100 mln-200 mln on social and sustainability programs.

Some 63% of the respondents already have or are preparing their CSR strategy, the research reveals, according to which it is surprising that 12% of large companies donate to charity as a substitute.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Spending Company

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

One of Asia's Biggest Food Firms to Build HUF 31 Billion Frozen Dumplings Factory in Hungary

• 21 Nov 2024 12:21 PM

South Korean-owned CJ Foods will build a HUF 31bn food plant in Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto announced.



Hungarian Transport Ministry “No Longer Friends” With Siemens As Train Maintenance Breaks Down

• 21 Oct 2024 3:53 PM

János Lázár, Minister of Transport announced a railway renewal worth hundreds of billions of forints. However, new Siemens Desiro motor trains continue to rest in a garage. According to the national railway company, their refurbishment is stalled “due to disruptions in the supply of spare parts, which also affect Austria”.



Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

• 18 Oct 2024 8:27 AM

The MNB has again urged fintech company Revolut to establish a subsidiary in Hungary, which would allow its clients’ savings to be covered by the National Deposit Insurance Fund (OBA).



Magyar Posta Restructuring in Hungary A 'Success'

• 16 Oct 2024 6:41 AM

Hungary's state-owned postal company, Magyar Posta, has undergone a successful restructuring that has transformed it into a well-functioning, self-sustaining public service provider that can also hold its own on foreign markets, chairman-CEO Barnabas Balczo said at a vehicle handover.