Hungary to Increase Fines for Large Manufacturers That Pollute
In Hungary, Prime Minister, Peter Magyar, announced that large manufacturers that are found to have polluted will receive bigger fines than previously. It comes off the back of a newly setup environmental authority, which aims to keep tabs on battery manufacturers, recycling, and decommissioning.
It’s all part of a new governmental approach to tackling emissions by companies operating in Hungary as Magyar’s regime aims to crack down on those they deem to be the worst offenders. Magyar discussed exactly how this would be implemented, hinging on a three-strike policy, in particular.
“If a large company violates environmental regulations for a third time within five years, there will be a minimum fine that is at least half a percent of the company’s annual net revenue,” Hungary’s Prime Minister, Magyar, said.
Magyar drew particular attention to Samsung, which was fined a few times from 2022 to 2023, saying that in that instance, the fine would be approximately 5 billion forints, which is around €13 million. It’s a sizeable upper limit and will no doubt catch the eye of companies working across the industries potentially impacted.
FlexManager is proud to offer our Eco-Compliance modules which aim to help companies be ready for legislative change by having a strong environmental policy in place. Our modules, including Corporate Social Responsibility, Waste Permits, Waste Tracking, Emissions Calculations, and Environmental Audits can help businesses stay informed about their environmental impact and they can help them address the associated responsibilities.
Take a step towards achieving environmental compliance today with our Eco-Compliance suite. And, when you’re ready, book a demo with one of our experts who can help you see the benefits.
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