Adoption Of Sustainable Development Goals Research Articles

Embedding Countries Governance in Assessing Companies' Sustainable Development Goals (SDGs) Reporting: A Quantitative Analysis

The United Nations Sustainable Development Summit in New York in September 2015 resulted in a tumultuous period for the companies in their quest to support the 17 Sustainable Development Goals (SDGs). The adoption of SDGs by all United Nations member states targets ending poverty and other deprivations, developing strategies to improve health and education, reducing inequality, and spurring economic growth while tackling climate change and working to preserve oceans and forests. This paper aims to assess the influence of countries' governance six dimensions (Voice and Accountability, Political Stability and Absence of Violence/Terrorism, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption) on European companies' Sustainable Development Goals (SDGs) reporting from 2019 to 2021. To achieve this goal, quantitative research was conducted through linear parametric regressions. The econometric analysis is based on six regression equations, one for each countries' governance dimension, data being collected from Thomson Reuters, World Bank Governance Indicator, and International Monetary Fund databases. The sample includes 2542 companies headquartered in Europe, with 6644 panel data observations highlighted. The results show that the indicators regarding countries’ governance negatively influence companies' SDGs reporting. This study fills the gap in countries' governance research in relation to companies' SDGs reporting, which helps develop future research. Therefore, future research should address other methods of quantifying the score of companies' SDGs reporting. Furthermore, this research may be extended to all 193 United Nations member states to investigate the impact of SDGs reporting on country performance.

Examining sustainable development goals: are developing countries advancing in sustainable energy and environmental sustainability?

Environmental sustainability is vital in developing countries for sustainable economic development, poverty reduction, food security, climate change adaptation, biodiversity conservation, global equity, and access to sustainable energy. In contributing to literature, this study computed composite variables following the unavailability of a unified sustainable development goals (SDGs) database to examine the progress of ten sample developing countries. The authors propose the design of a database that utilizes the specific SDG indicators for empirical research. In testing the applicability of the proposed database, we sampled 32 indicators from the World Development Indicators database and employed principal component analysis to compute composite variables. The authors then contribute to broadening the understanding of literature by examining to what extent developing countries advance towards ensuring agricultural, energy, and environmental sustainability. And how the interplay between the SDG indicators differ across the low- and middle-income countries in terms of econometric analysis. The findings suggest that since the adoption of SDGs in 2015, developing countries have made progress in advancing water and sanitation sustainability, leading to improved environmental sustainability. Furthermore, the middle-income countries have demonstrated greater improvements in energy and agriculture sustainability compared to low-income countries in contributing to overall environmental sustainability. The developmental relationship between sustainable energy and agriculture in low- to middle-income countries reveals increased diversity, thereby presenting challenges in attaining synergy within SDGs in developing countries. Therefore, addressing and understanding the intricacies behind the adverse relationship between sustainable energy and agriculture is crucial in formulating curative policies that advance the progress of SDGs. The study concludes that environmental sustainability is a vital developmental concern to be integrated into inter-generational and intra-generational development in the SDG framework. Also, the progress of the SDG indicators is endogenous and the extent to which low-income countries lag behind middle-income towards achieving collective goals requires critical policy intervention.

Applying sustainable development goals in financial forecasting using machine learning techniques

AbstractThis study seeks to identify the impact of sustainable development goals (SDGs) in predicting corporate financial performance (CFP) in the information communications technology (ICT) industry. Data over the period of 2016–2020 that are relevant to financial reporting and corporate social responsibility (CSR) reporting have been extracted for 208 firms in the ICT industry. Important variables have been identified to help predict the financial performance in the following years upon the publication of CSR reports. Drawing on resource‐based view and stakeholder theory, the purpose of this study is to find the quintessential variables that influence the prediction accuracy of financial performance. To better forecast earnings per share (EPS), machine learning feature selection methods have been implemented. The findings suggest that certain variables such as return on total assets, SDGs adoption and whether the firm has established KPI for SDGs achievements can help enhance EPS prediction. With the various predictive models, the artificial neural network model is the most effective in predicting CFPs. Most importantly, the adoption of SDGs can be utilized to sharpen the forecast on financial performance as it enables firms to bolster stakeholder engagement and evaluate environmental, social, and corporate governance efforts.

Moderating impact of non-performing loans on the relationship between sustainable development goals and the financial performance of banks

Sustainability is a vital perspective for banks to keep their survival in the long run. While nonperforming loans (NPLs) also impact sustainability, this study aims to examine the moderating impact of NPLs on the adoption of sustainable development goals and the financial performance of the banks. The central hypothesis assumes that even after adopting sustainable development goals, banks cannot get high profits if their NPLs are high. Economic, social, and environmental indicators represent SDG measurement using an ESE index. We are performing panel data analysis through regression and the GMM technique. This study also conducts independent research on economic, social, and environmental indicators. We found that NPL significantly moderates the relationship between the SDGs and the financial performance. This paper has the following vital contribution. Bank that adopts sustainable development goals may have low profits if it has a high nonperforming loan ratio so banks must focus on the customer to whom they offer loans. The novelty of this study is adopting the ESE index for measuring the adoption of SDGs.

A novel model linking UN SDGs with international experience and firm performance

Using an Uppsala internationalization framework, informed by upper echelons theory and institutional theory, we investigate the factors associated with a firm’s adoption of Sustainable Development Goals (SDGs) activities and their performance implications. For the period 2010–2020, from a dataset of 2744 Chinese firms, we find that international experience at the top management team (TMT) and firm levels has a positive effect on firm’s commitment to SDGs. TMT international experience is significantly related to all three types of SDG-related activities considered, but the results vary for the depth and breadth of firm internationalization activities. The organizational level SDG regarding innovation has a significant and positive effect on financial performance, but the performance effect is not significant for societal SDGs and other organizational SDGs, and significantly negative for environmental SDGs. Non-market behaviors, alongside market behaviors can be accommodated within an Uppsala internationalization approach, broadening its application, and confirming its contemporaneity in our modern world.

The Level of Carbon Emissions and Climate Change Engagement Through Corporate Reporting: An Analysis of Main Power Producer in Malaysia

Urbanization has extensively impacted the climate change issues as the ground level temperatures are dramatically increased from the greenhouse gas emissions (carbon emissions) caused by business operations globally. Consistently, the main contributor of climate change is from the power generation sector that emitted the highest carbon emissions from their coal burning activities. Amidst these circumstances, the growth of the development of policies and commitments in mitigating the issues had exponentially taken place globally. This research aims to observe the level of carbon emissions and climate change engagement through corporate reporting in Malaysia. Thus, this research analyses the main power producer in Malaysia, Tenaga Nasional Berhad for the year 2015 to year 2021. Based on the content analysis of annual reports, sustainability reports, and website’s statements, the overall results indicate that the level of reporting had significantly increased in 2018 with the introduction of new mandatory guidelines from Bursa Malaysia as well as the adoption of Sustainable Development Goals (SDGs) in their corporate reporting. The findings suggest that the awareness on the company to mitigate the issues as a goal congruence with Malaysia’s commitments internationally on climate change by communicating through corporate reporting.

Disclosures for slavery accounting concerning SDG 8 and corporate attributes: a study on the banking industry of Bangladesh

With the continuous adoption of sustainable development goals by all countries, there is a rising demand for implementing and disclosing related information by companies. This paper aims to find an idea about the nature of reporting practices related to slavery by listed banking companies of Bangladesh and the relationship between reporting practice and organizational attributes. Existing literature provides the foundation of this study. Annual reports from 2016 to 2021 were collected from the company websites, and content analysis was used to determine the nature and extent of slavery reporting; an index was developed based on content analysis. Independent variables were determined based on the current literature review. Statistical tools, including the test of multicollinearity, heteroscedastic, correlation, and linear regression and panel data analyses were used to determine the fitness of the model and the impact of independent variables on the dependent variable. Content analysis showed a clear picture of the consciousness about slavery accounting as all of the companies reported a minimum of three components of selected targets from SDG8. The evidence says that the quality and quantity of slavery reporting are improving yearly. A satisfactory correlation was found among the variables. Some variables, such as ownership nature, Board Size, etc., have a positive impact, and insignificant impact was found for Age and leverage on slavery disclosure. This paper only examines the banking industry, and it assesses only a few targets of SDG 8. Thus the results obtained from the study may not be similar to other companies. Data collection also has limitations; our target was to study till 2022 but some information requirements of few companies were not available on websites. This research paper is the first attempt to determine the nature of slavery accounting in Bangladesh. It will encourage business organizations to extend their reporting on slavery and SDGs.

The diffusion of the sustainable development goals (SDGs): an examination of preparer perceptions

PurposeThis paper aims to analyse the adoption of sustainable development goals (SDGs) disclosure via the lens of the diffusion of innovations theory, legitimacy theory and the theory of planned behaviour and presents insights into perceptions held by preparers on their decision to adopt or reject SDG disclosure.Design/methodology/approachThis paper uses a mixed-methods approach, combining content and statistical analysis as well as interviews, to examine SDG disclosure and preparer perceptions.FindingsThe analysis reveals low, but growing SDG disclosure. Although SDG disclosure is perceived as relatively advantageous for a variety of reasons, perceptions of incompatibility and complexity may limit diffusion of SDG disclosure. Trialability and observability of SDG disclosure, on the other hand, may support or hinder the decision to adopt or reject SDG disclosure.Research limitations/implicationsFindings generated may not be generalisable across all populations. A smaller sample of companies were interviewed.Practical implicationsThis paper offers insight into attitudes which must be altered if greater diffusion of SDG disclosure is to be achieved by the United Nations 2030 deadline.Social implicationsSustainability reporting (SR) has a pivotal role to play in supporting the achievement of the SDGs, and innovations in accounting and reporting are particularly needed. This paper raises issues that should be considered by both preparers and practitioners, if innovations are to succeed.Originality/valueThis paper contributes the application of an underutilised theoretical framework in SR research, the first longitudinal analysis of the diffusion of SDG disclosure to provide evidence of adoption over time and an extension of similar studies on diffusion of reporting innovations.

Assessing the Level and Impact of Adoption of Sustainable Development Goals (SDGs) in Malawi’s Development Agendas, Plans, Policies and Strategies

Assessing the Level and Impact of Adoption of Sustainable Development Goals (SDGs) in Malawi’s Development Agendas, Plans, Policies and Strategies

Research on Sustainable Development Goals: <em>How has Indian Scientific Community responded?

Since the adoption of Sustainable Development Goals (SDGs) in 2015, various countries across the world have started programmes to achieve the relevant targets under SDGs. The advancements in research and development play a crucial role in achieving these targets. Motivated by this a few studies have tried to map the research publications with their relevance to specific SDGs. However, there are no existing detailed studies with reference to India. Therefore, this article attempts to measure the research activities on SDGs in India. It utilises standard bibliometrics approach and textual analysis of data collected from Dimensions database for a five-year period (2016–2020). The results show a positive response from the Indian research community towards the SDGs. About 12 percent of the total research output from India is found directly related to SDGs. The three SDGs namely SDG 3 (Good Health and Well-being), SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Change) have received most attention from the Indian research community. Technical subjects such as, Engineering, Medical and Health Sciences, and Chemical Sciences are the main contributors. The major contributing institutions, authors and journals are identified.

Attainment of water and sanitation goals: a review and agenda for research.

One-fourth of the global population is without basic drinking water and half of the global population lacks sanitation facilities. The attainment of water and sanitation targets is difficult due to administrative, operational, political, transborder, technical, and policy challenges. Conducted after 5 years from the adoption of sustainable development goals by the United Nations reviews the initiatives for improving access, quality, and affordability of water and sanitation. The bibliometric and thematic analyses are conducted to consolidate the outcomes of scientific papers on sustainable development goal 6 (SDG 6). Africa is struggling in relation with water and sanitation goals, having 17 countries with less than 40% basic drinking water facilities and 16 countries with less than 40% basic sanitation facilities. Globally, the attainment of water and sanitation goals will be depended on economic development, the development of revolutionary measures for wastewater treatment, and creating awareness related to water usage, water recycling, water harvesting, hygiene, and sanitation. Behavioral changes are also required for a new water culture and the attainment of water and sanitation goals by 2030.

Investment needs to achieve SDGs: An overview

Estimating the investments needed to achieve the Sustainable Development Goals (SDGs) is key to mobilising the financial resources to achieve them. Despite an increasing body of research to estimate the capital and operational costs towards achieving various related SDG targets individually and collectively, an overview of the total estimated investment needs at the global scale has not been conducted since the adoption of SDGs in 2015. This study provides such an overview. Estimates for investment needs are found for nine goals: SDG 2 (zero hunger), SDG 3 (good health and well-being), SDG 4 (quality education), SGD 6 (clean water and sanitation), SDG7 (access to energy), SDG 9 (infrastructure), SDG 13 (climate action), SDG 14 (life below water), and SDG 15 (life on land). The reviewed studies vary significantly in terms of applied methodology, the assumed targets that need to be achieved, and presented estimates, but overall they indicate significantly higher investment needs to achieve all covered SDGs than previous estimates suggest. For most SDGs, annual investment needs are in the order of hundreds of billion USD annually, and for SDG6 and SDG13 estimates of a trillion or more are reported.

Well-Being on Prince Edward Island, Canada: a Statistical Case-Study of Well-Being Related Community Factors.

This research continues the advances in applied positive psychology by measuring and exploring the factors which contribute to the happiness among people living in Prince Edward Island (PEI), Canada. This research provides a province-wide account of subjective well-being (SWB), which is defined as a person’s cognitive and affective evaluation of his or her life, by answering the questions: What is the measurable level of well-being of individuals in PEI? What are the relationships between community factors and components of well-being in PEI? Which quality of life factors most influence individual’s emotions and life satisfaction in PEI? Participation was voluntary, anonymous, and included just over 1% of the adult population of residents (n = 1381). Data was collected online between October and November 2020. Demographic variables were collected and analyzed using variance of mean scores from three self-reported well-being measures, Satisfaction with Life Scale, Positive and Negative Effect Schedule, and the World Health Organization’s (brief) Quality of Life Scale. Regression analysis was used to investigate contributions to well-being. Findings uncovered inequity in well-being among minority populations including, LGBT, gender diverse, Indigenous, disabled, and those living under the poverty line. This study provides a deeper understanding that Islanders view psychological health and healthy environment as important aspects of quality of life influencing their well-being. Results build on existing theories on the influence of income, age, and education have on well-being. Finally, the research provides a starting point and methodology for the continuous measurement and tracking of both the affective and cognitive accounts of well-being on PEI, or in other communities, provinces, or islands. This research provides insight into happiness as an indicator of how our society is performing and adds momentum towards the adoption of sustainable development goals, such as national happiness.

Determinants of SDG Reporting by Businesses: A Literature Analysis and Conceptual Model

Despite the increasing adoption of Sustainable Development Goals (SDGs) by organizations since 2015, the literature on SDG disclosure is nascent and no significant effort has been made to collate the outcome of previous studies. In this study, the current state and determinants of SDG reporting have been identified from the literature. Our findings suggest that most studies focused only on large companies from developed countries. Also, there are three categories of determinants that impact SDG reporting. They are firm-level, report-level and regulation-level. Only report-level determinants are in the business’s control and firm and regulation-level determinants are not directly controlled by businesses. Our analysis summarizes key findings in the area of SDG reporting, as well as important theories and contexts used to explain SDG reporting-related phenomena. Finally, a conceptual framework has been proposed to explain the relationship between SDG reporting adoption and determining factors. As research interest is increasing in the SDG reporting area, researchers can benefit from this study while assessing the present state of SDG reporting and formulating future research directions. Industry practitioners can refer to this study for implementing SDG reporting as it helps them to identify relevant determinants.

Multinational enterprises’ internationalization and adoption of sustainable development goals

PurposeUsing a sample of 1,517 multinational enterprises (MNEs) from 25 countries, this study aims to examine whether firm’s level of internationalization has a deterministic role for their engagement with sustainable development goals (SDGs). Additionally, this study aims to investigate the country- and industry-specific moderation effects on the relationship.Design/methodology/approachThis study employs negative binomial regression model along with the fixed effects for industry and time in the empirical estimation.FindingsThis study shows that MNEs’ internationalization is associated with their higher engagement in SDGs. This is owing to the pressures MNEs face from diverse stakeholders coupled with the need to build local legitimacy to overcome the liability of foreignness. The country-level results of this study suggest that this positive relation is stronger in countries with weak legal environment, countries with weak investor protection and in countries with higher SDG index scores. However, the industry-level results of this study indicate that the positive relation between MNEs internationalization and their SDG engagement are weaker in industries facing more competition and industries exposed to negative externalities. The results survive to controls for factors specific to firm and industry.Originality/valueThis study is one of the early studies which empirically examine the role of MNE internationalization and SDG engagement. Also, the findings of this study improve the understanding on country-specific and industry-specific challenges in implementing SDGs.

The role of renewable energy and natural resources for sustainable agriculture in ASEAN countries: Do carbon emissions and deforestation affect agriculture productivity?

The adoption of Sustainable Development Goals (SDG) in 2015 shifted the attention towards sustainability-related concerns in both developing and developed counties. The aim of this paper is to examine how agricultural productivity – a key driver in achieving many of these SDGs – is affected by carbon emissions, deforestation, renewable energy consumption, natural resources, and regional integration for the ten Association of Southeast Asian Nations (ASEAN) countries. Using the Mean Group (MG) class estimators, able to tackle the cross-sectional dependence in the data, empirical findings reveal that environmental degradation (in the form of CO2 emissions) reduces agricultural productivity in the region. Both the forest area and natural resource variables negatively affect the productivity of the agricultural sector, while the use of renewable energy sources positively contributes to the agricultural sector. However, despite being one of the highest integrated regions in the world, regional integration among the ASEAN members does not boost their agricultural productivity. The causality tests confirm the existence of bidirectional causality between agricultural productivity and renewable energy consumption, and unidirectional causality across a few other variables. Accordingly, the study provides policy recommendations for the governments of ASEAN economies on improving the environmental performance of agriculture and achieving the SDGs by 2030.

Backcasting-Based Method for Designing Roadmaps to Achieve a Sustainable Future

Much attention has been paid internationally to the adoption of sustainable development goals to achieve sustainable outcomes. Although roadmapping is widely used by companies and other organizations to plan long-term strategies, relatively few studies have examined the development of roadmapping methods aiming at sustainability. To address this challenge, in this article, a backcasting-based method to design roadmaps that could be used to facilitate decision making and plan sustainable futures is proposed. By drawing on the concept of backcasting, the proposed roadmap design method consists of two phases: defining a sustainable vision, and describing the pathways that are required to realize that vision. In order to develop pathways that bridge the gap between the present and the vision, we develop a roadmap template called a “four-arrow model.” To demonstrate the proposed method, roadmaps are developed for Japanese manufacturing from the present to 2050 by organizing an expert workshop. As a result, two different roadmaps that connected sustainable visions and associated pathways are successfully developed. The number of ideas generated through the workshop indicates that the proposed method encouraged brainstorming and concept development. Future research will focus on making the roadmap design process more comprehensive by conducting industrial case studies.

Local voluntary reports: the implementation of sustainable development goals in northern and southern cities

Abstract Given the increasing relevance of cities in the global agenda, we examine the voluntary local reports from six northern and southern cities around the world to understand their approach to the 2030 Agenda for sustainable development. We examine not only the framework but also the content of the reports to identify the differences in reporting on sustainable development goals (SDGs) and the factors that may explain why these cities have voluntarily submitted their reports. The research has revealed a wide diversity in the structure and content of the voluntary local reports, demonstrating that there was little to no institutional framework used to submit and compile the reports. Although the reports of northern cities tend to align with previous strategies for the SDGs, the implementation of the 2030 Agenda in southern cities has had a more significant impact on the adoption of monitoring and evaluation mechanisms at the local level. We have found that both international bodies and national policies have an influence on the development of sustainable practices at the local level. Our analysis also indicates that all cities have some sort of international exposure either through their participation in transnational municipal networks or through their collaboration with international organizations, especially in southern cities, which can explain why these cities (and not others) are more active in the adoption of SDGs at the local level and in the submission of voluntary reports.

Accessibility, affordability, and efficiency of clean energy: a review and research agenda.

Clean, affordable, and efficient energy sources are inevitable for a sustainable world. Energy crisis, especially the poor access and affordability, demand-supply mismatches, energy inequality, and high dependence on non-renewable energy sources, are the challenges before the attainment of clean energy goals for sustainable development. The 5-year review from the adoption of sustainable development goals (SDGs) by using bibliometric and thematic analysis was conducted in this review. This review is a synthesis of 175 scientific papers on SDG 7. Policy reforms and better funding; technology innovation and inclusion; and economic growth, rapid promotion of renewable, and alternative fuels are the recommendations for the achievement of the energy goals. Future research on energy-related goals should focus on energy justice, policy reforms, energy poverty, poor affordability, off-grid transmissions, renewable energy sources, alternative fuels, reforms in the energy supply chain, and international cooperation for better implementation of projects and for attracting foreign capital and private funds. This paper invites the attention of practitioners, academicians, funding agencies, and international agencies to collaborate in the initiatives for a clean, green, and energized world.

Formation of the modern paradigm of countering gender-based violence in the activities of international organizations

The author conducted a retrospective review of the activities of international organizations through the prism of their role in forming the legislative foundation for combating gender-based violence. It is noted that for the first time at the international level the norm of equality of all people was enshrined in Art. 2 of the Universal Declaration of Human Rights in 1948. An important step towards combating gender-based violence was the signing in 2011 of the Council of Europe Convention on Preventing and Combating Violence against Women and Domestic Violence. The Istanbul Convention visualizes the issue of gender-based violence. It has been determined that women and girls are increasingly exposed to severe forms of violence, such as domestic violence, sexual harassment, rape, forced marriage, crimes committed in the name of so-called "honor", and genital mutilation, which constitutes a significant violation of human rights. for women and girls and is a major obstacle to achieving equality between women and men.
 The author singles out three conditional periods of formation of the modern paradigm of counteraction to gender - based violence in the activity of international organizations: 1) 1945 - 1974. The basic foundations of gender equality are laid at the level of the UN Charter and the Universal Declaration of Human Rights. Combating gender-based violence was not considered through the prism of sex discrimination. The activities of the world community were aimed primarily at combating discrimination against women in the political, socio-economic and cultural spheres of society. 2) 1975-2010.During this period, all 4 World Conferences on the Status of Women were held. In 1979, the General Assembly adopted the Convention on the Elimination of All Forms of Discrimination against Women. Articles 30 of the Convention clearly define discrimination against women and propose an agenda for action at the national level to end such discrimination. The Declaration on the Elimination of Violence against Women, adopted by the General Assembly in 1993, contains a definition of violence against women. 3) 2011 - to the present time. This period covers the process of realizing the scale of the spread of gender-based violence. A key event of this period was the adoption in 2011 of the Council of Europe Convention on Preventing and Combating Violence against Women and Domestic Violence. Activation of the world community to intensify the fight against gender-based violence. Adoption of sustainable development goals, in which gender equality is recognized as the general idea (Goal 5) and condition of sustainable development.