Hungarian Sustainable Investment & Finance Forum Launched
- 17 Sep 2024 2:50 PM
The Hungarian Sustainable Investment and Finance Forum (HuSiF), an initiative to support Hungary's investment and financial service providers in fostering the growth of sustainable investments within the country, has been launched, organiser Aquincum Sustainable Finance Nonprofit said.
The forum, which could transform into an independent organisation later, aims to step up the pace at which financial institutions and retail investors partner to advance the green transition.
Aquincum Sustainable Finance Nonprofit noted that investment products could be an important supplement to financing green investments necessary to achieve climate targets in addition to state and European Union funding.
Green investment products have already emerged in Hungary and have been supported by measures of the National Bank of Hungary (NBH), but their popularity still lags behind that of those in Western Europe and the region, it said.
"Dark green" assets in local investment funds targeted specifically at sustainability make up a tiny fraction of the total, while "light green" funds that take into account ESG factors make up around 6pc of the total, well behind the respective rates of 5pc and 50pc for the European Union as a whole.
HuSiF is organising a workshop on September 24.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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