Understanding and development of sustainability investing in the recent history

Starting from a time when sustainable investment was almost exclusively driven by investors, the po- litical arena has become increasingly dedicated to this issue in recent years. The Sustainable Finance Disclosure Regulation, which is to be implemented by financial market participants by March 2021, will represent a major step forward in terms of transparency on the sustainability of investments for investors. In order to be able to determine this information in a comparable and consistent manner, the Taxonomy Regulation will come into play in the next step. Their impact also extends further into the real economy, which has to report underlying data on its handling of ESG issues. The purpose is to provide investors with the tools to actively manage their investments and to give preference to such investments that meet the specified sustainability goals.