Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management

The Sustainable Developments Goals (SDGs) are imperative from both environmental and social aspects, as well as for the long-term financial sustainability of a firm. Contextually, there might be various internal and external determinants influencing firms’ willingness to implement and reveal the SDG...

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Main Author: Wong, Jia Ci
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2021
Subjects:
Online Access:https://eprints.nottingham.ac.uk/63226/
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author Wong, Jia Ci
author_facet Wong, Jia Ci
author_sort Wong, Jia Ci
building Nottingham Research Data Repository
collection Online Access
description The Sustainable Developments Goals (SDGs) are imperative from both environmental and social aspects, as well as for the long-term financial sustainability of a firm. Contextually, there might be various internal and external determinants influencing firms’ willingness to implement and reveal the SDGs activities. This study specifically investigates the influence of firm size and financial performance, ownership structure, corporate governance and industry affiliation on adoption, extent and comprehensiveness of SDGs engagement by embracing a multi-theoretical framework. Based on data from FTSE Bursa Malaysia Top 100 (FBM100) Index constituents, the findings indicate the level of business awareness on the SDGs is fulfilling expectations with prosperous related developments gaining the most attention. However, it can be observed that firms seem reluctant to integrate the SDGs into broad business strategy. By employing both logistic and multiple regression analyses, the alignment of the SDGs in business sustainability management is found to be significantly related to firm size and leverage. Impacts of ownership structure namely ownership concentration and government ownership are found to be modest. Additionally, boards with larger size and a great extent of non-executive directors are more likely to embrace the SDGs in a systematic and measurable manner. In contrast to what was anticipated, there is no evidence for a coherent industry membership effect in the SDGs integration. These findings can serve as an incentive for the private sector, especially from developing countries, to intensify the level of SDGs integration into their plans and operations.
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spelling nottingham-632262021-04-16T03:41:32Z https://eprints.nottingham.ac.uk/63226/ Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management Wong, Jia Ci The Sustainable Developments Goals (SDGs) are imperative from both environmental and social aspects, as well as for the long-term financial sustainability of a firm. Contextually, there might be various internal and external determinants influencing firms’ willingness to implement and reveal the SDGs activities. This study specifically investigates the influence of firm size and financial performance, ownership structure, corporate governance and industry affiliation on adoption, extent and comprehensiveness of SDGs engagement by embracing a multi-theoretical framework. Based on data from FTSE Bursa Malaysia Top 100 (FBM100) Index constituents, the findings indicate the level of business awareness on the SDGs is fulfilling expectations with prosperous related developments gaining the most attention. However, it can be observed that firms seem reluctant to integrate the SDGs into broad business strategy. By employing both logistic and multiple regression analyses, the alignment of the SDGs in business sustainability management is found to be significantly related to firm size and leverage. Impacts of ownership structure namely ownership concentration and government ownership are found to be modest. Additionally, boards with larger size and a great extent of non-executive directors are more likely to embrace the SDGs in a systematic and measurable manner. In contrast to what was anticipated, there is no evidence for a coherent industry membership effect in the SDGs integration. These findings can serve as an incentive for the private sector, especially from developing countries, to intensify the level of SDGs integration into their plans and operations. 2021-02-24 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/63226/1/14309077.pdf Wong, Jia Ci (2021) Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management. [Dissertation (University of Nottingham only)] crporate sustainability Sustainable Development Goals (SDGs)
spellingShingle crporate sustainability
Sustainable Development Goals (SDGs)
Wong, Jia Ci
Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title_full Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title_fullStr Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title_full_unstemmed Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title_short Assessing the integration of the Sustainable Development Goals (SDGs) in business sustainability management
title_sort assessing the integration of the sustainable development goals (sdgs) in business sustainability management
topic crporate sustainability
Sustainable Development Goals (SDGs)
url https://eprints.nottingham.ac.uk/63226/