Challenges and innovations in applying SDG and ESG frameworks

Title

Challenges and innovations in applying SDG and ESG frameworks

Creator

Jain, Akshat; Ganguly, Deeksha Gupta

Description

Entrepreneurial skills have evolved significantly since initiatives like the "Green Paper on Entrepreneurship" (EU Commission, 2003) and the "Small Business Act" (European Commission, 2008), which emphasized knowledge, competencies, and sustainability. Entrepreneurs today prioritize long-term sustainability over short-term profits (Elkington, 2018), leveraging frameworks like the Sustainable Development Goals (SDGs) and Environmental, Social, and Governance (ESG) standards to integrate ethical practices with financial performance.Despite these obstacles, ESG and SDG frameworks present opportunities for innovation through systems thinking, foresight, and interdisciplinary collaboration (Senge, 1990). By adopting "green thinking," entrepreneurs mitigate external threats, foster innovation, and drive sustainability. This chapter explores the role of networking, strategic thinking, and ethics in sustainable practices, offering insights into aligning business strategies with global sustainability goals for long-term success. 2025, IGI Global Scientific Publishing. All rights reserved.

Source

Building a Green Future Through Essential Decision-Making Competencies;pp.411-436

Date

01-01-2025

Publisher

IGI Global

Coverage

Jain A., Christ University, India; Ganguly D.G., Christ University, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-833730191-4; 979-833730189-1;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3373-0189-1.ch015

https://www.scopus.com/pages/publications/105008933800?origin=resultslist