The EU would put an end to the unsustainable operation of companies – more than a thousand companies may be affected here

The European Union expects companies to take decisive steps in order to meet the specified climate and energy goals. With the Taxonomy Regulation introduced in 2021, a common language was therefore created, which unifies in all member states what constitutes a sustainable economic activity and what does not. The task of the system is to objectively determine whether a company has a positive impact on the environment by examining sales revenue, operating costs (OPEX) and capital expenditures (CAPEX).

According to the analysis, only 55 percent of the Hungarian companies listed on the stock exchange and subject to the NFRD (non-financial reporting directive) published a report in accordance with the Taxonomy. Despite the fact that on average up to a quarter (25%) of the sales revenue of domestic companies could come from sustainable activities, in practice this amounts to only 1 percent. For this reason, Hungary has the largest gap between potential and actual sustainable sales revenue among EU countries.