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Sustainability is becoming increasingly pivotal in the corporate sector, mainly due to emerging EU regulations. The introduction of the European Union's Corporate Sustainability Reporting Directive (CSRD) will also lead to substantial changes for Hungarian businesses.

The amendment's main objective is to simplify companies' obligations and compliance with sustainability and ESG legislation based on practical experience. On 17 December 2024, Parliament adopted a package of proposals for the amendment of the ESG Act, which now awaits the signature of the President of the Republic. The new rules will enter into force on the 30th day following their publication (except for the fine regulations in Article 145).

Today, there is an increasing focus on the sustainability performance of companies. Consumers, business partners, and investors alike are seeking companies that operate transparently and responsibly. The EcoVadis certification is an excellent tool for helping companies demonstrate their commitment to social and environmental responsibility.

In September, the SDG Summit 2024 was held in New York, bringing together world leaders, companies, and NGOs to assess the performance of the Sustainable Development Goals (SDGs) so far and discuss the steps needed to achieve the targets set for 2030.

At Vantage Point, we believe it is essential to approach businesses from a broad perspective. Our name reflects our approach: we offer a different perspective on sustainability issues. Our services are primarily targeted at companies subject to ESG regulations, and sustainability compliance is particularly important to us. As such, our first legal blog post will provide a brief overview of the complexities of the legal aspects of sustainability.

Sustainability is one of the most critical issues of our time but it is easy to get lost in the information. In this sea of information, it is difficult to filter out what is really relevant and applicable in practice. Finding the right, credible sources and gathering practical experience is a time-consuming task, and this is where the Körforgásban podcast can help.

A new perspective, attention to unique client needs, commitment, expertise, and partnership are key elements of Vantage Point's mission. But what do these words mean in practice, and why did we choose "Vantage Point" as our company name? How is our decades of knowledge reflected in the way we work?