MVM
MVM, or Magyar Villamos Művek Zrt., is a leading energy company headquartered in Hungary (HU). Established in 2006, MVM has rapidly evolved into a key player in the energy sector, primarily focusing on electricity generation, distribution, and trading. With a strong presence across Central and Eastern Europe, the company has made significant strides in renewable energy initiatives and smart grid technologies. MVM's core offerings include electricity supply, energy efficiency solutions, and innovative energy management services, setting them apart through their commitment to sustainability and technological advancement. The company has achieved notable milestones, including substantial investments in renewable energy projects, positioning itself as a market leader in Hungary and beyond. With a reputation for reliability and innovation, MVM continues to shape the future of energy in the region.
DitchCarbon Score
How does MVM'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 Electricity from Other Sources 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
MVM's score of 15 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MVM's reported carbon emissions
MVM, headquartered in Hungary (HU), currently does not report any specific carbon emissions data for the most recent year, as no emissions figures are available. Consequently, there are no recorded Scope 1, 2, or 3 emissions to detail. In terms of climate commitments, MVM has not outlined any specific reduction targets or initiatives. The absence of documented climate pledges or targets suggests that the company may still be in the early stages of formalising its climate strategy. As MVM Energetika Zártköruen Muködo Részvénytársaság is not inheriting emissions data from a parent company, all information regarding emissions and climate commitments is based solely on its own reporting. Overall, MVM's current climate strategy appears to lack defined metrics and targets, indicating an opportunity for future development in sustainability practices.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
MVM is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
