Abstract
The role of public authorities in the process of implementing the SDGs is determined on the example of the analyzed group of foreign countries (USA, UK, Germany, France and Japan): an important function of state regulation is noted in terms of overcoming “market failures” and internalizing social and environmental costs. It has been established that the process of adapting state policies to the 2030 Agenda is currently underway; the political leadership of the countries under consideration initiates the formation of mechanisms for the interaction of various stakeholders in the interests of the implementation of the SDGs at the national and global levels. The factors that encourage transnational businesses to participate in the implementation of the SDGs are analyzed: the possible benefits acquired by the private sector as a result of this activity (creation of long-term qualitative "value" and short-term quantitative "value" are investigated and evaluated); specific business cases are described that prove in practice the commercial feasibility of companies' activities in the interests of the SDGs; shows the relationship between financial and non-financial indicators of the business. The main ways of participation of transnational business in the implementation of the SDGs at the present stage (FDI, the implementation of the SDGs through key business operations, social and green investments, the promotion of individual SDGs within corporate strategies, "mixed" financing) are identified and described. models of such participation (philanthropic, commercial, hybrid). Based on the author's analysis of the key areas of participation of transnational businesses in the implementation of the SDGs, content analysis of non-financial reporting and financial performance of the largest and most socially responsible TNCs in the world, as well as an analysis of the activity of the private sector in transactions of "mixed" financing, an assessment was made of the involvement of transnational businesses in the implementation of the SDGs at the present stage.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
