In February 2022, ALTEO Energiaszolgáltató Nyrt. became the first company in the Hungarian energy sector to obtain an independent, international ESG certificate.
„We have believed in sustainable development from the very beginning, which is why we started laying the foundations for our ESG vision and strategy several years ago. As a listed company, transparency is a fundamental principle for us, and as a new generation energy provider, we want to set an example to all energy market players”
– said ALTEO CEO Attila Chikán Jr., adding:
„We are proud to be the first company in Hungary in the energy sector, not including oil and gas industry, to obtain ESG certification. The seventh edition of our integrated report presents in a transparent and credible way our efforts to ensure sustainability and our achievements in this regard.”
ALTEO Plc has achieved a silver rating in one of the world's most trusted sustainability schemes.
EcoVadis is an independent assessment platform that evaluates the performance of companies and suppliers based on environmental, social and governance criteria. It currently assesses more than 130,000 companies in all countries of the world. ALTEO's Silver rating also means that it is in the top 15% of companies assessed. The company scored particularly high in the environmental performance assessment (80 out of a maximum of 100 points), but also outperformed the industry average in ethics and labour and human rights. A distinctive feature of the rating is that, unlike traditional ESG certifiers, it not only measures companies' environmental, social and governance performance, but also takes into account sustainable procurement practices.
The EcoVadis system provides users with the opportunity to interact with their suppliers and learn about their sustainability efforts. The recognition from EcoVadis demonstrates the Company's ongoing commitment to sustainability and CSR (Corporate Social Responsibility). It will continue to use the valuable experience gained from this certification to maintain and improve its processes to ensure a high level of compliance in the area of sustainability.
More information about our EcoVadis rating is available at the following link.
