Implementation of Shared Value Creation to Achieve the Sustainable Development Goals

Author(s):  
Cesar Saenz
Author(s):  
Virginia Munro

The World Economic Forum Annual Meeting, incorporating the Business and Sustainable Development Commission (BSDC), has stated more rapid attention needs to be directed to implementation of the United Nations (UN) Sustainable Development Goals (also known as Global Goals) by 2030, and this is particularly the case in developing countries. Strategy with this type of inclusion is at the forefront of the solution to current global climatic change and escalating social problems such as poverty, hunger, and inequality. This chapter argues that multinational enterprises (MNEs) are in an excellent position to implement Social Initiatives (SIs) as part of the Sustainable Development Goals (SDG) framework and incorporate this into their CSR strategy. This will allow MNEs to be key instigators of SDG implementation and collaboration across sectors, governments, and public and private entities. This chapter provides an explanation of the various frameworks that support MNEs to implement SDGs, and describes the requirements for implementation, followed by a summary of 15 case studies where SDGs have been successfully implemented within a Shared Value and CSR context.


2020 ◽  
Vol 38 (5) ◽  
pp. 573-585 ◽  
Author(s):  
Belen Lopez

PurposeThis article aims to analyze the Corporate Social Responsibility (CSR) strategy of Spanish MNCs and how the firms integrate the Sustainable Development Goals (SDGs) in their reports and communication messages.Design/methodology/approachThe analysis is based on cases studies with data collected through the corporate websites of Spanish MNCs listed in the Dow Jones Sustainability Index.FindingsThe findings tend to indicate that the stakeholder theory and creating shared value are both useful in the analysis of CSR business goals linked to the sustainable development goals of MNCs. However, companies generate little engagement with their stakeholders.Research limitations/implicationsThe results of this article resulted from an in-depth analysis of case studies with data collected from a selected sample of MNCs. The qualitative analysis allows us to understand how SDGs are integrated in the CSR activities. But there is a lack of global indicators to measure the impacts of business through the SDGs.Practical implicationsMNCs with a CSR strategy report the information connected with SDGs. However, there is a need of metrics to better understand the contribution of companies for sustainable development and then to clearly know the contribution of business in sustainable development.Social implicationsCreate shared value means that companies integrate SDGs in their CSR activities and, as a result, they can create different impacts in economic, social, and environmental issues. If companies communicate these activities and engage the stakeholders the social impact may be even greater.Originality/valueThe stakeholders theory serves to explain that companies can make a real contribution to society in their relationship with stakeholders. In addition, the creation of shared value is applicable to the integration of SDGs in companies within the CSR strategy.


2020 ◽  
pp. 881-905
Author(s):  
Virginia Munro

The World Economic Forum Annual Meeting, incorporating the Business and Sustainable Development Commission (BSDC), has stated more rapid attention needs to be directed to implementation of the United Nations (UN) Sustainable Development Goals (also known as Global Goals) by 2030, and this is particularly the case in developing countries. Strategy with this type of inclusion is at the forefront of the solution to current global climatic change and escalating social problems such as poverty, hunger, and inequality. This chapter argues that multinational enterprises (MNEs) are in an excellent position to implement Social Initiatives (SIs) as part of the Sustainable Development Goals (SDG) framework and incorporate this into their CSR strategy. This will allow MNEs to be key instigators of SDG implementation and collaboration across sectors, governments, and public and private entities. This chapter provides an explanation of the various frameworks that support MNEs to implement SDGs, and describes the requirements for implementation, followed by a summary of 15 case studies where SDGs have been successfully implemented within a Shared Value and CSR context.


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