MK Group has achieved a business revenue of 420 million euros with a 30 percent increase in revenue and net profit, as announced during the presentation of the company’s sustainability (ESG) report. The executives announced plans to invest approximately 1.6 billion euros in the next investment cycle until 2026, with the majority, 900 million euros, allocated to green energy.
ESG reporting is the process of creating and publishing a company’s report on the impact its operations have on the environment (environmental), the social environment, and how it manages the organization (governance). “We will make a special contribution in the coming period through new investments in the production of energy from renewable sources,” said Mihailo Janković, the director of MK Group.
As part of their sustainable development plans, Janković highlighted that MK Group has three wind farms and has committed to “reduce carbon dioxide and other greenhouse gas emissions by 25 percent by 2026.”
The director of MK Group emphasized that 50 percent of the permanent employees in MK Group are women, with 40 percent of women in leadership positions, and they plan to increase this number to 50 percent. As recently announced by the Vice President of MK Group, Aleksandar Kostić, MK Group has doubled its value in the last five years, with significant plans and investments ahead. Speaking about the development of the banking sector, he mentioned that their AIK banking group now has assets of around 9 billion euros, and the plan for the next five years is to reach at least 20 billion euros.
“We have ambitions to open at least one or two more markets in the former Yugoslavia, either by acquiring a bank or expanding existing operations,” said Kostić.
Sign up for business updates & specials
