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.
-3 vs industry average
MVM’s score of 12 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
MVM's reported carbon emissions
In 2023, MVM reported total carbon emissions of approximately 13.7 billion kg CO2e. This figure includes Scope 1 emissions of about 3.7 billion kg CO2e, Scope 2 emissions of approximately 26.3 million kg CO2e, and Scope 3 emissions amounting to about 9.4 billion kg CO2e. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. MVM's emissions data is not cascaded from any parent company, indicating that these figures are independently reported by MVM Energetika Zártköruen Muködo Részvénytársaság. MVM's emissions performance reflects its operational impact and highlights the need for ongoing efforts in sustainability and climate action within the energy sector.
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MVM’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for MVM yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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MVM
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