ABSTRACT
Our study focusses on the sustainable finance framework of the European Union. Given
that the concept, target system and practical implementation of sustainability have
become one of the top priorities, we consider it important to present in an understandable
and simple form what activities and regulations have been created in this regard within
the scope of the European Union's common policy. Starting from the concept of sustainability,
we analyse its significance. We examine the economic, social, corporate governance
and environmental pillars and the European Green Deal based on them as foundations,
as well as some prominent elements of sustainable finance: the Taxonomy, the Corporate
Sustainability Reporting Directive, the Sustainable Finance Disclosure Regulation
and the Union's Corporate Sustainability Due Diligence Directive. We review the relationships
and interactions of the above elements. We describe the sustainability objectives
of the European Green Deal and the resources related to them, as well as the Sustainable
Finance package of the European Commission. We also provide an overview of the regulatory
details of the above-mentioned elements of EU law, thereby making the complex and
complicated process of regulation transparent. These issues are relevant to Hungary
and other EU member states located in Central and Eastern Europe and they have an
effect on their policies.
