Towards the implementation of the Sustainable Development Goals in business strategy and operations

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The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 have become a point of reference for guiding corporate sustainability until 2030. Criticism, however, has been raised regarding the comprehensiveness and effectiveness of the 17 goals to deliver sustainability. The interconnectedness of the SDGs is meant to create synergistic effects in reaching environmental, social and economic sustainability. Yet, there are concerns about the possible trade-offs and the authenticity of corporate efforts. Increasingly, businesses are challenged to make their conduct more transparent by reporting their sustainability impacts (rather than just activities), validating their societal value. Sometimes, the SDG “rainbow washing” may seem tempting to minimise own responsibility. This chapter discusses the business impetus for meaningfully engaging with the SDGs and recaps on the role of businesses in advancing the Agenda 2030. The chapter includes managerial insights from an influential bioeconomy player – Stora Enso Group - to illustrate practical challenges of translating SDGs into company operations and strategy. Focusing on societal needs, institutional voids and moving forward in partnerships represent viable pathways for genuinely advancing the Agenda 2030. For that, nexus thinking and applying the multi-centric approach are a useful means to negotiate and balance the involvement of diverse actors across different sectors.
Originalspråkengelska
Titel på värdpublikationThe Role of Business in Global Sustainability Transformations
RedaktörerDalia D'Amato, Anne Toppinen, Robert Kozak
FörlagRoutledge
ISBN (tryckt)9780367434830
StatusInsänt - 2022
MoE-publikationstypA3 Del av bok eller annan forskningsbok

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