Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt

Businesses may adopt strategies and practices that support sustainable development goals. Such strategies include considering social and environmental impacts as well as prioritizing socio-environmental benefits at a higher level than profits. Supportive practices comprise enhancing social benefits...

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Autores principales: Ye Liu, Mahsa Samsami, Hakim Meshreki, Fernando Pereira, Thomas Schøtt
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Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/cfb4d9936a2f44b69dce17a5624adc77
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spelling oai:doaj.org-article:cfb4d9936a2f44b69dce17a5624adc772021-11-25T19:01:11ZSustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt10.3390/su1322124532071-1050https://doaj.org/article/cfb4d9936a2f44b69dce17a5624adc772021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12453https://doaj.org/toc/2071-1050Businesses may adopt strategies and practices that support sustainable development goals. Such strategies include considering social and environmental impacts as well as prioritizing socio-environmental benefits at a higher level than profits. Supportive practices comprise enhancing social benefits and limiting environmental harm. What SDG-related strategies and practices are businesses pursuing? Are businesses implementing practices and strategies? Do the practices and strategies differ across societies? A survey of representative samples of 399 businesses in Colombia and 413 businesses in Egypt was conducted in 2021, by the Global Entrepreneurship Monitor. The owner-managers reported that they frequently had strategies that considered social and environmental impacts of business operations, and they prioritized socio-environmental considerations over financial goals. In Columbia, there were more frequent practices that enhanced social benefits and limited environmental harm than in Egypt. In addition, strategies were implemented in practices supporting the SDGs more in Colombia than in Egypt. Our findings contribute to understanding business strategies that consider SDGs and their implementation in practices that are embedded in society.Ye LiuMahsa SamsamiHakim MeshrekiFernando PereiraThomas SchøttMDPI AGarticlesustainable development goalsbusinessstrategypracticeColombiaEgyptEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12453, p 12453 (2021)
institution DOAJ
collection DOAJ
language EN
topic sustainable development goals
business
strategy
practice
Colombia
Egypt
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
spellingShingle sustainable development goals
business
strategy
practice
Colombia
Egypt
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
Ye Liu
Mahsa Samsami
Hakim Meshreki
Fernando Pereira
Thomas Schøtt
Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
description Businesses may adopt strategies and practices that support sustainable development goals. Such strategies include considering social and environmental impacts as well as prioritizing socio-environmental benefits at a higher level than profits. Supportive practices comprise enhancing social benefits and limiting environmental harm. What SDG-related strategies and practices are businesses pursuing? Are businesses implementing practices and strategies? Do the practices and strategies differ across societies? A survey of representative samples of 399 businesses in Colombia and 413 businesses in Egypt was conducted in 2021, by the Global Entrepreneurship Monitor. The owner-managers reported that they frequently had strategies that considered social and environmental impacts of business operations, and they prioritized socio-environmental considerations over financial goals. In Columbia, there were more frequent practices that enhanced social benefits and limited environmental harm than in Egypt. In addition, strategies were implemented in practices supporting the SDGs more in Colombia than in Egypt. Our findings contribute to understanding business strategies that consider SDGs and their implementation in practices that are embedded in society.
format article
author Ye Liu
Mahsa Samsami
Hakim Meshreki
Fernando Pereira
Thomas Schøtt
author_facet Ye Liu
Mahsa Samsami
Hakim Meshreki
Fernando Pereira
Thomas Schøtt
author_sort Ye Liu
title Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
title_short Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
title_full Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
title_fullStr Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
title_full_unstemmed Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt
title_sort sustainable development goals in strategy and practice: businesses in colombia and egypt
publisher MDPI AG
publishDate 2021
url https://doaj.org/article/cfb4d9936a2f44b69dce17a5624adc77
work_keys_str_mv AT yeliu sustainabledevelopmentgoalsinstrategyandpracticebusinessesincolombiaandegypt
AT mahsasamsami sustainabledevelopmentgoalsinstrategyandpracticebusinessesincolombiaandegypt
AT hakimmeshreki sustainabledevelopmentgoalsinstrategyandpracticebusinessesincolombiaandegypt
AT fernandopereira sustainabledevelopmentgoalsinstrategyandpracticebusinessesincolombiaandegypt
AT thomasschøtt sustainabledevelopmentgoalsinstrategyandpracticebusinessesincolombiaandegypt
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