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Ethics in Business Award

Any working business or enterprise based in Hungary is eligible to receive the Ethics in Business Award. The award was created in 2000 by the Club of Budapest Foundation (philosopher Ervin László) and the Piac és Profit Üzleti magazin (Market and Profit Business magazine, chief editor Mária Demcsák). The award is given in the form of a marble statuette with a certificate.

Over the past six years, this award has helped solidify an awareness of responsible business practices among the local business community, and promotes better environmental improvement among companies which recognize that prosperity comes from the upliftment of others, and that along with this comes an increase in comfort.

Awards are given based on the following considerations:

  1. Ethical practices on the part of company employees
  2. Ethical practices by the company’s licensed owners
  3. Business-client partnerships based on ethical business practices
  4. The company’s societal responsibility, and
  5. Environmentally ethical practices.


Award recipients: Hungarian-based companies (independent of company, enterprise, form of business, ownership, or size of company).

Award presenters: Piac és Profit Kiadó Kft. (Market and Profit Press Ltd.).

Award judges: The Club of Budapest curatorium’s standing Hungarian-member jury, together with previous years’ award recipients’ top-ranking leadership.

Award frequency: annually, for three Hungarian companies and enterprises (in the main categories of multinational company, local company, and small enterprise)

Award date: each November, during the two-day “e-Hungary, e-government” conference opening days’ gala evening events. Participants: the conference has some 600 participants, as well as public personages and protocol guests invited in connection with this award.


Ethics in Business Award recipients to-date:

2005: MAM Hungária Kft.,Debreceni Vízmű Rt., OKI Systems Magyarország Kft.

2004: Főber Nemzetközi Ingatlanfejlesztő Mérnöki Rt., Mol Rt., National Instrument Europe Kft.

2003: Richter Gedeon Rt., Flextronics Kft., Telvill Kft.

2002: Kürt Computer Rt., Pannonplast Rt., Siemens Rt.

2001Westel Mobil Távközlési Rt., Alcoa-Köfém Kft., Styl Ruhagyár Rt.

2000: Compaq Computer Magyarország Kft., Ericsson Magyarország Kft., TVK Rt.


The Ethics in Business Award mounted by the Club of Budapest is selected based on criteria requested of relevant economic and professional organizations (Amcham, Joint Venture Association, IVSZ, VOSZ, manufacturing and commercial chambers, and so on). Only professional Hungarian-based organizations are eligible to apply for the annual Ethics in Business award. During the period when nominations are being considered, candidates may apply in any one of the three award categories (multinational company, local company, and small enterprise), to be judged by the the Club of Budapest curatorium’s standing Hungarian-member jury, together with previous years’ award recipients’ leadership.

All organization of the Ethics in Business Award is managed in its entirety by Piac és Profit Kiadó Kft.

The award ceremony gala enjoys the participation of distinguished members from the public sphere, conference participants, and additional members of the Hungarian business  community who support the societal-wide growth of responsible business practices.