Hungarian Family Enterprises and Family Farms in the Frame of Corporate Social Responsibility
Hungarian Family Enterprises and Family Farms in the Frame of Corporate Social Responsibility

Summary/Abstract: This study attempts to describe the legislative trends in the European Union and Hungary aimed at forcing enterprises to achieve social and green goals, among other things. From this viewpoint Corporate Social Responsibility (CSR), Environmental Social Governance (ESG), Corporate Governance (CG), Sustainable Finance (SF) and Corporate Purpose (CP) play important roles in the operation of enterprises, especially those of a family nature. These instruments may involve a major change in approach, whereby market participants have to consider not only profit, but also other aspects that they might not otherwise have taken into account. Our focus is on family enterprises, as they are inherently more sensitive to social objectives, and we examine them as a concept and their relationship with CSR at the European Union and national (Hungary) levels. We also deal with agricultural issues, in particular succession difficulties, which are mainly linked to family farms. Throughout this paper, we examine the extent to which the provisions of EU regulations are enforced in Hungary, and how Hungarian law seeks to facilitate the realisation of CSR objectives.

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