D 2023

EU Taxonomy in the Context of Environmental, Social and Governance (ESG) Ratings

HOLÚBEK, Ivan; Renata SKÝPALOVÁ; Michal RUSCHAK and Radovan SAVOV

Basic information

Original name

EU Taxonomy in the Context of Environmental, Social and Governance (ESG) Ratings

Authors

HOLÚBEK, Ivan; Renata SKÝPALOVÁ; Michal RUSCHAK and Radovan SAVOV

Edition

Liberec, Proceedings of the 16th International Conference Liberec Economic Forum 2023, p. 274-281, 8 pp. 2023

Publisher

Technická univerzita v Liberci

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

electronic version available online

References:

Marked to be transferred to RIV

Yes

Organization unit

Ambis University

ISBN

978-80-7494-672-1

Keywords in English

ESG; EU; environmental; entrepreneurship; bibliometric analysis

Tags

Tags

Reviewed
Changed: 9/4/2026 16:34, Ing. Kateřina Lendrová

Abstract

In the original language

The effects of climate change will have a significant economic impact on the global economy in the future. In some cases, these will be gradual changes, while others will be more dramatic. These occur at a higher frequency of extreme weather events. The impacts caused by the effects of climate change, which are already taking place on a large scale and are visible, are costing billions of dollars. The 2030 Agenda for Sustainable Development, adopted at the 2015 New York Summit, includes 17 global sustainable development goals (SDGs). The aim is to universally manage the development of contemporary society on a global and local level. The European Green Deal is the European Commission's plan for the ecological and societal transformation of the European Union's economy for a sustainable future. The main objective of the European Green Deal is to make Europe a climate-neutral continent by 2050. An ecological transformation of companies' business models in the EU will be inevitable and a prerequisite for the path towards a sustainability model. In order to meet the above objectives, the European Commission has developed an evaluation base (EU taxonomy) that will allow transparent decision-making towards sustainability. Companies will have to disclose their economic activities in a transparent and comparable way, which will contribute to a rapid and green transformation of the economy.