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Survey Analyzes Disclosure on Corporate Social Responsibility (CSR) by Listed Companies in Hungary
Survey Analyzes Disclosure on Corporate Social Responsibility (CSR) by Listed Companies in Hungary
Published 03-25-04
Submitted by East-West Management Institute
The Survey of Reporting on CSR by Listed Companies in Hungary was conducted by the Hungarian Environmental Economics Center (MAKK) during the time period August - November 2003. It investigates Hungarian-language information available in the 2002 annual reports and websites of 27 companies listed on the Budapest Stock Exchange.
Encompassing corporate governance, environmental and social policies, the Hungarian survey employs the same template used by the PFS Program in its
Survey of Reporting on CSR by the Largest Listed Companies in Czech Republic, Estonia, Latvia, Lithuania, Slovak Republic and Slovenia, published in September 2003. In addition, country studies of listed companies in Czech Republic and Poland have been completed using the same template. (The Czech survey was published in March 2004; the Polish survey was published in December 2003.) As a result, the group of surveys should enable for the first time benchmarking of reporting on CSR in these countries against other countries in the European Union (EU) and elsewhere.
Survey findings include the following:
In the field of environmental policy,
In the social policy sphere,
Starting today, the survey is available online in English at:
http://www.ewmi.hu/capitalmarkets_research.php and www.makk.zpok.hu.
About the Hungarian Environmental Economics Center (MAKK)
The primary objective of the Hungarian Environmental Economics Center (MAKK - Magyar Környezetgazdaságtani Központ) is to create and disseminate knowledge that supports citizens, public officials and business entities in recognizing and properly incorporating the value of natural resources and environmental services into their decision making. The goals of MAKK are achieved through research, related advisory activities, the publication and dissemination of its fellows' research results in professional and popular articles, presentations, discussions, and education. MAKK selects the topics for study independently. The focus of MAKK is on the efficient use of scarce environmental and natural resources, therefore the principal research discipline is economics (“environmental economics” as well as other economic sub-disciplines). Since its projects often involve examination of public policy issues, MAKK activities also regularly include work in related disciplines such as law, environmental engineering and finance.
MAKK was established in 1998 to continue the influential environmental policy assistance initiative of the Harvard Institute for International Development (HIID). While the focus of the Center is to carry out research of superior quality in Hungary, it also inherited the regional concern from its HIID history. Due to the international nature of many environmental problems and the mutual advantages of shared expertise, MAKK aims at continued cooperation with complementary organizations and individuals from both Central and Eastern Europe (CEE) and beyond.
Contact:
Jozsef Fucsko
Director of Research
MAKK Hungarian Environmental Economics Center
Email: fucsko.jozsef@makk.zpok.hu
Internet: http://www.makk.zpok.hu
About the Partners for Financial Stability (PFS) Program
The Partners for Financial Stability (PFS) Program, established in December 1999, is a cooperative program of the United States Agency for International Development (USAID) and East-West Management Institute (EWMI), a New York-based non-profit organization. Active in the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, the PFS Program is mandated to fill remaining gaps in the institutional development of the financial sector through regional integration and cooperation, selective technical assistance programs and the practical application of lessons learned in neighboring countries. The substantive areas covered under the PFS Program are: accounting, auditing, banking, capital markets, insurance and pension reform.
Contact:
Geoffrey Mazullo
Director
Partners for Financial Stability (PFS) Program
East-West Management Institute
Email: gmazullo@ewmi.hu
Internet: http://www.ewmi.hu/activities_pfs.html
East-West Management Institute
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