Corporate strategies for sustainable development and adoption of new technologies

Pirzada, Kashan and Ahmed, Kamran and Moens, Gabriel (2023) Corporate strategies for sustainable development and adoption of new technologies. National Research University Higher School of Economics, Russia.

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Abstract

Technological advancements might have positive or negative impacts on sustainability. It’s essential to understand the adoption of these technologies to achieve better sustainability. The United Nations 2030 Agenda and the associated SDGs have been promoted as tools suitable to alleviate poverty, protect Planet Earth, and contribute to worldwide prosperity (UN, 2015; Tsalis, 2020). But governments alone cannot achieve sustainable development; they must be supported by the private sector, which plays a colossal role in advancing and achieving the SDGs. Specifically, the private sector can integrate the ‘green’ principles into their corporate strategies. This integration depends on, and requires, an effective approach to green development and the knowledge generation of SDGs as embedded in the companies’ functions, values, and day-to-day operations. The papers in this special issue investigate the role of corporate strategies for sustainable green development and knowledge generation in the implementation of the SDGs or principles by Asian and Eastern European companies from Malaysia, Vietnam, Indonesia, Emirates, Zimbabwe and Russia. Hence, there is a need to expand the research in further studies to gauge the contribution of corporate strategies towards the achievement of the SDGs in a wider group of countries. These further studies could also focus on a comparative cross-country analysis to provide insights into how institutional differences among countries influence the implementation and achievement of the SDGs. In addition, there is also a need to understand the role of other corporate strategies, including integrated reporting and long-term value, in the achievement of the SDGs. It is a matter of great importance for companies to explain how businesses create value for their key stakeholders in the long term by implementing the SDGs.

The insights drawn from this special issue contribute to the existing literature and provide valuable practical information for practitioners, policymakers, and developers. Practitioners can rely on the insights provided in this special issue to make informed decisions that consider both the short-term and long-term impacts of technology solutions and their adoption in organizations. They need to consider the opportunities and challenges associated with technology adoption and develop plans to mitigate the negative impacts and maximize the positive effects of technology adoption. Additionally, policymakers can use the findings of the eight papers to establish policies and regulations that encourage the adoption of sustainable technologies that serve society while minimizing the negative impacts on the environment, economy, and the general public. Further, developers can consider the barriers identified in the analysis to develop more effective solutions. They can also incorporate sustainable practices into the development process to ensure their technologies align with sustainable development principles.

Item Type: Other
Dates:
DateEvent
31 December 2023Published Online
Subjects: CAH00 - multidisciplinary > CAH00-00 - multidisciplinary > CAH00-00-00 - multidisciplinary
CAH15 - social sciences > CAH15-02 - economics > CAH15-02-01 - economics
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance
CAH17 - business and management > CAH17-01 - business and management > CAH17-01-08 - accounting
Divisions: Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship > Centre for Accountancy Finance and Economics
Depositing User: Kashan Pirzada
Date Deposited: 09 Feb 2024 11:45
Last Modified: 09 Feb 2024 11:45
URI: https://www.open-access.bcu.ac.uk/id/eprint/15128

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