Integrating SDGs into Corporate Strategy: A Management Perspective on Sustainable Business Practices

Abstract

Implementation of the Sustainable Development Goals (SDGs) within the corporate strategy has become a pivotal option in the quest by organizations to balance profitability with social and environmental responsibility. This paper focuses on the adoption of SDGs by businesses in terms of their business structures, leadership models, and approaches of engaging their stakeholders. In the study, there is a focus on the management side with an accent on the role in which sustainability imperatives are remaking corporate decision-making. A qualitative analysis of the literature in use, coupled with case study analysis, shows that companies concerning SDGs enjoy an opportunity to be perceived with better reputation, mitigate risks over the long run, and provide a possibility to innovate. Nevertheless, the issues of impact measurement, prioritization between short-term shareholder value and long-term sustainability heighten and lack of balance across industries and regions are still present. The results may indicate that although there is an improvement in transition, the integration process is still not completely equaled because of the contextual restriction, resource scarcity and weak reporting structures. In the paper, the inability to find standardized measures and the possible financial impact on Mexico and other countries is also emphasized as practical constraints upon the growing field of research regarding development, and it is recommended that future studies address how screens and cross-industry partnerships can spur application more quickly.