Integration of the United Nations sustainable development goals into corporate social responsibility business strategies: challenges and opportunities in consulting

Authors

DOI:

https://doi.org/10.5281/zenodo.13326287

Keywords:

corporate social responsibility, sustainable development goals, CSR integration, stakeholder engagement, regional variations, framework development, United Nations, consulting, business strategies

Abstract

Purpose: This article explores the integration of the United Nations Sustainable Development Goals (SDGs) into Corporate Social Responsibility (CSR) business strategies. The primary aim is to develop a comprehensive framework for aligning CSR business strategies with SDGs, establish effective evaluation criteria, and analyze the impact of stakeholder engagement and regional variations on this integration. The study addresses the need for standardized methodologies in aligning CSR business strategies with sustainability objectives.

Methods: The research adopts a qualitative approach, focusing on a detailed literature review and case studies. The literature review examines existing theories and practices related to CSR business strategies and SDGs, providing a theoretical foundation for the study. In-depth case studies of companies recognized for their exemplary CSR business strategies, such as Unilever and Patagonia, were conducted to identify successful strategies and best practices. Additionally, the study involved analyzing regional and sectoral differences in CSR business strategies to understand how contextual factors influence alignment with SDGs.

Results: The study successfully developed a structured framework for integrating SDGs into CSR business strategies. This framework includes practical guidelines for aligning business operations with sustainability goals and provides insights into effective stakeholder engagement. The research revealed significant regional and sectoral differences, demonstrating how varying contexts impact CSR business strategies. For instance, European firms tend to focus on environmental goals, while companies in Sub-Saharan Africa prioritize social impact. Effective stakeholder engagement emerged as a crucial element, with successful practices including regular dialogue and strategic partnerships.

Conclusions: The findings indicate that integrating SDGs into CSR business strategies requires a well-defined framework, practical guidelines, and an understanding of regional and sectoral differences. The developed framework and evaluation criteria offer valuable tools for businesses aiming to align their CSR business strategies with global sustainability goals. Future research should focus on refining these methodologies and exploring diverse stakeholder engagement strategies to enhance CSR effectiveness. This study contributes to the field by providing actionable insights and practical tools for advancing CSR business strategies in alignment with SDGs.

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Published

2024-09-02

How to Cite

Okhrimenko, O., Fomenko, D., & Sytailo, U. (2024). Integration of the United Nations sustainable development goals into corporate social responsibility business strategies: challenges and opportunities in consulting. Achievements of the Economy: Prospects and Innovations, (10). https://doi.org/10.5281/zenodo.13326287