First steps – the nascent green bond ecosystem in Hungary

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Attila Becsi
Marton Varga
Mate Loga
Pal Peter Kolozsi


This study aims to provide a complex overview of the sustainability aspect of green mortgage and corporate bonds issued in the Hungarian market. The assessment is based on the green bond frameworks, the business profile of each issuer, and the publicly available data of the issuances. The study analyses the seven sectors of the green bond market (real estate, construction, mortgage banks, holding companies, manufacturing, agriculture, wholesale and retail trade). It is proven that out of the sustainable development goals (SDG), SDG 7 is the most supported one. Most issuers plan to use metrics related to pollution prevention, energy efficiency, clean transportation, and water- and wastewater management. Moreover, in four of the seven sectors involved, corporate awareness of green issues could be considered high.

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Becsi, A., Varga, M., Loga, M., & Kolozsi, P. P. (2022). First steps – the nascent green bond ecosystem in Hungary. Cognitive Sustainability, 1(1).


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