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

Author

Listed:
  • Ye Liu

    (Department of Public Administration, School of Politics and Law, Zhejiang Sci-Tech University, Hangzhou 310018, China)

  • Mahsa Samsami

    (Faculty of Economics and Business, International PhD School, University of Santiago de Compostela, 15705 Santiago de Compostela, Spain)

  • Hakim Meshreki

    (Department of Management, School of Business, American University in Cairo, New Cairo 11835, Egypt)

  • Fernando Pereira

    (Department of Management, School of Management, Pontificia Universidad Javeriana—Cali, Cali 760031, Colombia)

  • Thomas Schøtt

    (Department of Management, School of Business, American University in Cairo, New Cairo 11835, Egypt
    Department of Strategy and Management, School of Business and Law, University of Agder, 4630 Kristiansand, Norway
    Department of Entrepreneurship and Relationship Management, University of Southern Denmark, 6000 Kolding, Denmark)

Abstract

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.

Suggested Citation

  • Ye Liu & Mahsa Samsami & Hakim Meshreki & Fernando Pereira & Thomas Schøtt, 2021. "Sustainable Development Goals in Strategy and Practice: Businesses in Colombia and Egypt," Sustainability, MDPI, vol. 13(22), pages 1-15, November.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:22:p:12453-:d:676882
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    References listed on IDEAS

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    Cited by:

    1. María Garrido-Ruso & Beatriz Aibar-Guzmán & Albertina Paula Monteiro, 2022. "Businesses’ Role in the Fulfillment of the 2030 Agenda: A Bibliometric Analysis," Sustainability, MDPI, vol. 14(14), pages 1-35, July.

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