Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 42 , 10 November 2023
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Access | Article
The Relationship Between the SDGs and Corporate Performance: Key Factors Contributing to the Achievement of the SDGs
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Abstract
Sustainability has become a key concern for businesses and government agencies around the world. Companies are increasingly recognizing that achieving the Sustainable Development Goals (SDGs) not only has a positive impact on the environment and society, but also has a significant impact on their own performance and competitiveness. Therefore, this thesis aims to explore in depth the impact of SDGs on business performance and analyze the key factors for achieving SDGs. Through comprehensive analysis of relevant literature and case studies, this thesis concludes that actively promoting the realization of SDGs is an effective way to improve corporate performance. In pursuing SDGs, companies can ensure the relevance of their business activities to SDGs through the rational formulation and implementation of sustainability strategies and integrate sustainability into core business decisions and processes. At the same time, enhancing stakeholder engagement is one of the key factors in achieving the SDGs. Working closely with stakeholders, including employees, consumers, suppliers, communities, and governments, can help companies gain broader support and cooperation to jointly drive sustainability. In summary, the findings of this thesis suggest that actively promoting the achievement of SDGs is critical to improving business performance. To successfully achieve SDGs, companies need to develop and implement sustainability strategies, enhance stakeholder engagement, and adopt innovative business models and technology solutions. This will provide companies with a long-term sustainable competitive advantage and make a positive contribution to society and the environment.
Keywords
sustainable development goals, corporate performance, innovative business model, success factors, social responsibility
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-105-6
- ISBN (Online)
- 978-1-83558-106-3
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/42/20232074
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited