Budapest Airport is one of the world’s top 50 transport companies

Budapest Airport (BUD) is a gateway to Hungary. The number-one Hungarian airport is a world and European leader in many, many ways, here are two pieces of good news.

According to a study by KPMG Consulting, Budapest Airport’s contribution to Hungary’s gross value added last year was estimated at HUF 1,780 billion, or 2.7% of GDP.

BUD is one of the world’s top 50 transport companies

Budapest Airport continuously monitors and benchmarks its sustainability performance, in order to improve it. According to an ESG assessment carried out this year, the airport operator has achieved a low risk rating, which confirms that the company pays special attention to environmental, social and governance (ESG) aspects in its investment decisions. The airport operator received a score of 13.2 in Sustainalytics’ ESG risk management rating process this year, ranking 49th out of 187 transport companies assessed worldwide and 995th out of 15,718 companies rated globally.

In order to achieve its environmental objectives and to further develop its sustainability activities, Budapest Airport conducted an ESG (environment, social, governance) focused assessment for the second time. During the risk analysis, Sustainalytics assesses companies primarily on the basis of the market situation and key global and regional indicators; a comprehensive ESG risk analysis includes more than 70 management indicators.

As we wrote a few days ago, the completion of the Hungarian state takeover of Budapest Airport may face a delay until 2024, and subsequent plans involve the potential construction of a third terminal at Liszt Ferenc Airport in collaboration with a Qatari investment company, details HERE.

Budapest Airport is among the European leaders in greener aircraft

The most effective way for Budapest Airport to reduce the environmental impact of the airport is to cooperate with its airport partners. Therefore, as part of its Greenairport program, launched in 2015, BUD works with more than 40 partner companies to reduce the airport’s carbon and ecological footprint. The program’s objectives cover not only the operation of the airport in the strictest sense, but also making aviation greener.