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Hungary near EU avg in MNB Sustainability Index

MNB

MNB headquarters in Budapest.

Image by posztos / Shutterstock.com

Hungary scored just under the European Union average in the Sustainability Index of the National Bank of Hungary (MNB), a gauge of 108 objective indicators compiled for the central bank's debut Sustainability Report published on its website this week.

Hungary's overall score on the index was 51.8 points, just under the EU average of 53.9 points and a hair over the 51.1-point average for the other Visegrád Group members: the Czech Republic, Poland, and Slovakia.

Hungary scored 48.7 points in environmental sustainability, 43.9 points for sustainable growth, 55.9 points for financial sustainability, and 58.7 for social sustainability.

"The results confirm that Hungary must continue its shift to a green economy and strengthen its convergence with the digital revolution," the MNB said in an executive summary of the report. "Although Hungary's performance in environmental sustainability is above average in the expansion of green financing and the reduction of greenhouse gas emissions, boosting energy efficiency and the broader use of environmentally-friendly energy sources remains an essential task for increasing sustainability," it added.

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