Budapest Stock Exchange

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Domestic market capitalization
million US$

Budapest Stock Exchange

Name Budapest Stock Exchange
Country Hungary
Number of listed companies 50
Domestic market capitalization 34287.57 million US$
SSE Partner Exchange Yes
Has annual sustainability report No
ESG reporting required as a listing rule No
Has written guidance on ESG reporting Yes
Offers ESG related training Yes

BSE offers ESG training in cooperation with Budapest Institute of Banking (owned by the stock exchange). More details here.

Market covered by sustainability-related index No
Has sustainability bond listing segment No
Has SME listing platform Yes
Women on boards mandatory minimum rule No
Additional information
Organizational model of stock exchange
  • Non-listed, for profit. 81,35% owned by the MNB (the Central Bank of Hungary).
Regulatory bodies

Regulatory model
  • Government (Statutory) Model. Supervisory functions are separated and independent from ownership functions within the Central Bank.
About the stock exchange
Location: Budapest, Hungary

  • The Budapest Stock Exchange Ltd. (BSE) creates a platform for Hungarian companies to grow and prosper. Our mission includes providing small and medium sized firms with expertise and financial support needed to join the stock exchange, as well as improving the financial culture in our society. BSE has a considerable history: it was originally established in 1864 and re-established after the fall of communism in 1990. Today we are following our 2016-2020 strategy to become more attractive for investors and companies alike. Our blue chip companies represent well the Hungarian economy, with the total market capitalization of listed firms standing at approximately US $33.8 billion. We are set to further develop the capital market ecosystem where issuers are creating exciting opportunities for domestic and international investors, both retail and institutional.
  • We recently introduced Xtend as a special market for medium sized companies to join the exchange. Furthermore, BSE has a joint programme together with ELITE, a company of the London Stock Exchange Group, which gives mentorship to up and coming Hungarian companies to learn about the ways they can grow using diverse financing opportunities. BSE is powered by Xetra, one of the fastest and most reliable trading systems in the world. (Source).

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.