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FAQWhat is KÖVET? The author of the Money back through the window programme, the Environmental Saving Award and this website is KÖVET Association for Sustainable Economies (Hungary). KÖVET, established in October 1995, is an association to promote environmentally aware business management towards enterprises. The main activity of KÖVET is to promote preventive environmental solutions, and ensure information exchange primarily in the business sector. KÖVET is the Hungarian member organization of INEM (International Network for Environmental Management), CSR Europe and Global Footprint Network through which it is linked to international sustainable business initiatives and projects. KÖVET has about 80 member companies, and 23 associated members (universities, other NGOs). KÖVET’s secretary-general is Gergely Tóth, the president is László Vagdalt (environmental manger of AUDI Hungary Motor). More info: www.kovet.hu What is Money back through the window? Money back through the window (MBW) is the fantasy name of our programme started in 2002. The phrase shows that money spent on envirnmental protection is not money „thrown out the window”, rather a good investment that pays back in a short period, and gives economical advantages to environmentally aware companies. Details » What is Environmental Saving Award? The best measures sent to us in the form of a case-study are awarded with this prize. The announcement for the competition is issued in every May. The Environmental Savings Awards are given in three categories every year. The categories are differed according to the payback period of the measures. There are immediately remunerative changes (which don’t need investment), measures that payback in three years, and investments with a payback period more than three years. Since 2007, the immediately remunerative category has been changed to the category of SME-s, encouraging the smaller companies to apply for the Award, and emphasising that environmental savings can not only be found at big companies. Details and the winners so far » What kind of measures are we talking about? Typical measure is selective waste collection, minimizing paper use in the office (e.g. double sided printing), rationalizing of transport routes, technological innovation. A part of the measures (that have been translated to English so far) can be found in the database. Details » How much money can be saved with these measures? Depending on the case-studies gathered so far, an average of 88.000 euros can be saved with measures that need no investment at all. The payback time of the “Low hanging fruits” is 1 year, and brings an average saving of 180.000 euros. The so called “High hanging fruit” measures need more than 3 million euros investment in average, and have a payback period of 8 years. This means 400.000 euros saving annually. Details » Where can I find these measures? The documented measures are published on this website since 2008. There are measures from 56 companies in Hungarian, but only the best 16 have been translated to English yet. The measures are issued every year in the Money back through the window case-study books in Hungarian. The booklets can be downloaded » What is the “fruit” analogy? The technical literature calls the investments with less than 3 years payback period “low hanging fruits”. Following this phrase we call the investments with more than 3 years payback period “high hanging fruits”, and the measures with no investment “washed fruits on the table”. |
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