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ESG regulation and what lies behind it - opportunities and challenges in preparing businesses for ESG in Hungary
19-41Views:998On 12 December 2023, the Parliament adopted the proposal on the rules of corporate social responsibility (CSR) and other related laws to promote sustainable financing and unified corporate responsibility (ESG Act). Companies subject to the Act will gradually have to comply with several qualitative and quantitative requirements, which will pose significant challenges for market players and regulators monitoring their operations. This paper aims to review how the gradual extension of the scope of the Act will affect market and industry players, highlighting the opportunities and challenges for stakeholders in meeting regulatory requirements in environmental, corporate governance and social matters.
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Examination of Management of TESCO Hungary's sustainability and community activities
24-48Views:338In their fifth sustainability management case study, the authors examine the focus, organizational processes, and operation of TESCO's responsibility and community activities in Hungary. On the one hand they executed analyses of publicly available company reports and internal documents, while on the other hand, they conducted semi-structured interviews with internal and external experts who play a key role in the added CSR activities. In addition to the descriptive presentation of the activities, the authors' work points out that there are many crutial organizational conditions for the effective management of organizational processes related to sustainability and communities, furthermore they highligted the possibilities and limitations of involving external parties and service providers, as well. The value of the case study is enhanced by the fact that no comprehensive case study presenting the sustainability activities of the leading domestic food retail companies has been published recently.
Journal of Economic Literature (JEL) codes: A13, D6, F6, M14, M19, M38
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Fossil energy and economic growth in coal-based economies: empirical modeling and sustainability challenges
126-145Views:46The study examines the relationship between fossil energy consumption and economic growth in carbon-based economies, with a particular focus on the role of energy intensity and energy efficiency. We aim to quantify the impact of fossil energy consumption on economic growth through model-based analysis and identify the development and sustainability challenges of energy-intensive economies. The study used a Random Forest model to analyze the relationship between fossil energy consumption and GDP growth. The data are from the World Bank’s World Development Indicators database for the period 2013–2023, considering the economic structure of different countries. Energy intensity showed a strong positive correlation with GDP growth in China, Russia and Mongolia, while in more developed economies such as Canada and the United States, a lower or negative relationship is observed. Fossil energy-intensive economies benefit in the short term, but diversification is needed in the long term for sustainability. Diversifying the economy and increasing energy efficiency are key to sustainable development. The results can help policymakers plan the energy transition, especially focusing on reducing fossil fuel dependence and integrating renewable energy sources for economic and environmental stability.
JEL codes: O13, Q43, Q56, C53, O44
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Ensuring the scientific supply at the Doctoral School of Business and Management Sciences at the University of Debrecen
114-125Views:150Doctoral schools play a key role in training the next generation of researchers and renewing higher education. This study presents the operation, development directions, and international embeddedness of the Doctoral School of Business and Management Sciences at the University of Debrecen. It provides an overview of trends in student enrollment and degree completion, as well as the multidisciplinary and international character of the doctoral program. Special attention is given to the 2025 International Scientific Days conference, where 118 scientific presentations were delivered on topics such as digitalization, sustainability, and artificial intelligence. The study also highlights the significant growth in the doctoral school's publication performance, particularly in terms of internationally indexed, high-ranking academic journal articles.
JEL code: A23; I23; O30
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Sustainability-focused investors? - Exploring the determinants of individual ESG investment intentions using structural equation modelling
Views:230The aim of this study is to examine the determinants of individual ESG investment intentions. The own research model was developed by complementing Ajzen's theory of planned behaviour with literature-based approaches and adapting it to the topic. Based on the model, the relationships and the hypotheses were tested on a Hungarian sample of 228 participants using partial least squares structural equation modelling (PLS-SEM). Both the research model and the methodology used are novel in the context of this study.
The results suggest that both general and sustainability-focused investment attitudes positively influence ESG investment intentions. Subjective norms related to ESG investment and a sense of self-efficacy also support ESG investment intention. Moreover, it can be said that women's ESG investment attitudes and intentions are higher than in case of men. The results can contribute to the better understanding of the factors underlying individual ESG investment intentions, especially in the domestic context.
JEL codes: D12, Q56, Q58.