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Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth

Author

Listed:
  • Mabel Gabriel

    (OECD)

  • Patrick Lenain

    (OECD)

  • Mirna Mehrez
  • Julien Reynaud

    (International Monetary Fund)

  • Payal Soneja

Abstract

The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance. Firms could contribute through three different approaches: philanthropic activities not related to the firm’s activities through which businesses seek to contribute to improving social and environmental conditions; initiatives related to the firm’s operations to diminish their negative impacts and to strengthen those that are positive; and development of innovative products and services. Particularly in the latest two approaches, firms themselves stand to benefit in terms of business opportunities, cost reduction, and consumer loyalty. This paper analyses how Mexican firms perform in terms of environmental, social, and governance practices. The paper provides evidence suggesting that contributing to sustained and inclusive growth brings several financial and productivity advantages to firms. This Working Paper relates to the 2017 OECD Economic Survey of Mexico (www.oecd.org/eco/surveys/economic-survey-mexico.htm).

Suggested Citation

  • Mabel Gabriel & Patrick Lenain & Mirna Mehrez & Julien Reynaud & Payal Soneja, 2017. "Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth," OECD Economics Department Working Papers 1383, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:1383-en
    DOI: 10.1787/7dd74eb4-en
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    Cited by:

    1. Marian Socoliuc & Cristina-Gabriela Cosmulese & Marius-Sorin Ciubotariu & Svetlana Mihaila & Iulia-Diana Arion & Veronica Grosu, 2020. "Sustainability Reporting as a Mixture of CSR and Sustainable Development. A Model for Micro-Enterprises within the Romanian Forestry Sector," Sustainability, MDPI, vol. 12(2), pages 1-34, January.
    2. Camelia-Daniela Hategan & Nicoleta Sirghi & Ruxandra-Ioana Curea-Pitorac & Vasile-Petru Hategan, 2018. "Doing Well or Doing Good: The Relationship between Corporate Social Responsibility and Profit in Romanian Companies," Sustainability, MDPI, vol. 10(4), pages 1-23, April.

    More about this item

    Keywords

    environment; inclusive growth; inequality; participation; productivity;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H1 - Public Economics - - Structure and Scope of Government
    • I0 - Health, Education, and Welfare - - General
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J0 - Labor and Demographic Economics - - General
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General

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