ConvergenCE to make office portfolio greener in Budapest

Green Forum
The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.

Since establishing contact in 2022, the two parties have been working on crafting the deal that now sees several properties in Budapest being onboarded in the sustainability management system Varig.

The Norwegian firm will provide a technology that gives a complete overview of the environmental performances of ConvergenCE's properties. This technology will help to make improvements and automates sustainability reporting. 

The first agreement with Varig Technologies covers Kálvin square, CityZen, Zengarden and ACADEMIA office buildings, all in Budapest. ConvergenCE says the implementation of Varig is an important step in making sure their portfolio complies with the increasing regulatory demands.

RECOMMENDED
ESG compliance to appear in the judicial system in Hungary
Regulation

ESG compliance to appear in the judicial system in Hungary

Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.

RECOMMENDED FROM THE HOME PAGE
Business

AQUILA meets 2026 emissions target two years early

AQUILA, a leading distributor in Romania's fast-moving consumer goods (FMCG) sector with over 30 years of experience, announced significant progress in 2024 under its 2022–2026 Sustainability Strategy.

Industry

EC approves €400 million for Spanish hydrogen scheme

The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank's "Auctions-as-a-Service" tool for the auction closing in 2025.

READ MORE
Green Forum  |  22 April, 2025 at 12:00 PM
Green Forum  |  21 April, 2025 at 6:21 PM