MFB Hungarian Development Bank Private Limited Sustainability Profile
MFB Hungarian Development Bank Private Limited, commonly referred to as MFB, is a prominent financial institution headquartered in Hungary (HU). Established in 1993, MFB has played a pivotal role in the development of the Hungarian economy, focusing on providing financial solutions that support both public and private sectors. Operating primarily in Hungary, MFB offers a range of services including project financing, investment loans, and development funding, tailored to meet the unique needs of its clients. The bank is recognised for its commitment to sustainable development and innovation, positioning itself as a leader in the development banking sector. With a strong emphasis on fostering economic growth, MFB has achieved significant milestones, including partnerships with various international financial institutions, enhancing its market presence and credibility. Its core offerings are designed to facilitate long-term investments, making MFB a vital player in Hungary's financial landscape.
DitchCarbon Score
How does MFB Hungarian Development Bank Private Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
MFB Hungarian Development Bank Private Limited's score of 26 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MFB Hungarian Development Bank Private Limited's reported carbon emissions
MFB Hungarian Development Bank Private Limited currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. This lack of data suggests that MFB may not have established formal commitments to reduce its carbon footprint or engage in climate initiatives at this time. As a financial institution, MFB operates within an industry increasingly focused on sustainability and climate action. While no specific emissions data or targets are available, it is essential for organisations in this sector to consider the implications of climate change and the importance of transparent reporting. The bank may benefit from aligning with industry standards and frameworks, such as the Science Based Targets initiative (SBTi), to enhance its climate commitments in the future.
How Carbon Intensive is MFB Hungarian Development Bank Private Limited's Industry?
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MFB Hungarian Development Bank Private Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
MFB Hungarian Development Bank Private Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
