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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MDPI AG
2021
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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) |
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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 |
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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 |
_version_ |
1718410433040220160 |