Economic Bulletin of the National Mining University

 

IssuesSectionsAuthorsKeywords

Article

Issue:2025 №3 (91)
Section:Management
UDK:005.3:334.716
DOI:https://doi.org/10.33271/ebdut/91.045
Article language:Ukrainian
Pages:45-56
Title:Efficiency of implementing sustainable development goals into a company`s corporate strategy
Authors:Tryfonova O. V., Dnipro University of Technology,
Baranets H. V., Dnipro University of Technology,
Varianychenko O. V., Dnipro University of Technology,
Dudnyk A. V., Dnipro University of Technology
Annotation:Methods. The research findings presented in the article were obtained using the following scientific methods: systematization and theoretical generalization – to examine approaches to integrating the concept of sustainable development into corporate strategy; analysis and synthesis – to select relevant Sustainable Development Goals and to identify existing achievements and potential opportunities for their attainment at the studied paint and coatings company; abstraction and modeling – to perform the mapping of Sustainable Development Goals within the value chain of the company. Results. The article substantiates the advantages of integrating the concept of sustainable development into the strategic growth plans of modern enterprises. A scientific and methodological approach to mapping Sustainable Development Goals (SDGs) within the value chain is developed using a paint and coatings company as a case study. Relevant SDGs are identified, along with value chain segments that exert both positive and negative impacts on the achievement of these goals. Measures already implemented by the enterprise, as well as those required to achieve the selected SDGs, have been systematized. Furthermore, specific targets and evaluation indicators within the sustainable development KPI system for the paint and coatings company are defined. Novelty. The study advances a scientific and methodological approach to integrating the Sustainable Development Goals into corporate strategy, illustrated by the case of a paint and coatings company. Practical value. The scientific findings provide a foundation for applying a goal-mapping approach across the value chain to identify business activities that exert positive or negative impacts on the achievement of selected Sustainable Development Goals. This, in turn, creates an opportunity to design targeted and effective measures aimed at ensuring the successful implementation of the chosen strategy. 
Keywords:Sustainable development, Sustainable Development Goals, Corporate strategy, Value chain, Paint and coating company, ESG factors, Non-financial reporting, Sustainable development KPIs, Efficiency
File of the article:EV20253_045-056.pdf
Literature:
  • 1. Griggs, David, Stafford, Smith Mark, Rock- ström, Johan, Öhman, Marcus C, Gaffney, Owen, Glaser, Gisbert, Kanie, Norichika, Noble, Ian, Steffen, Will & Shyamsundar, Priya. (2014). An integrated framework for Sustainable Development Goals. ECOLOGY AND SOCIETY. https://doi.org/10.5751/es-07082-190449
  • 2. INSTITUT FÜR ÖKOLOGISCHE WIRTSCHAFTSPRÜFUNG (IÖW): Handlungsfelder unternehmerische Nachhaltigkeit - Praxisbeispiele und Entwicklungsbedarf. Retrieved from http://www.innovative-nachhaltigkeit.de/htdocs_de/df/Handlungsfelder_unternehmerischer_Nachhaltigkeit_web.pdf.
  • 3. Thompson M. (2009). Cost effectiveness of CSR over time. Global Ethics Forum, Geneva. UNO. July 2-3, 2009. 21 p.
  • 4. Hristov, I., Chirico, A. & Ranalli, F. (2022). Corporate strategies oriented towards sustainable governance: advantages, managerial practices and main challenges. J Manag Gov. (26), 75-97. https://doi.org/10.1007/s10997-021-09581-x.
  • 5. Przychodzen, J., & Przychodzen, W. (2015). Relationships between eco-innovation and financial performance: evidence from publicly traded companies in Poland and Hungary. Journal of Cleaner Production. (90). 253-263. https://doi.org/10.1016/j.jclepro.2014.11.034.
  • 6. Balukja, Ina. (2024). Sustainable development goals and corporate strategy: Bridging the gap. Academic Journal of Business, Administration, Law and Social Sciences. 10 (2), Sciendo, 12-20. https://doi.org/10.2478/ajbals-2024-0011.
  • 7. Shulhina, Liudmyla & Qiao Dong. (2024). Sustainable Development of Corporations: Theory Evolution and Practical Implementation. Marketing of Scientific and Research Organizations. 53 (3), Sciendo, 62-79. https://doi.org/10.2478/minib-2024-0016.
  • 8. Vasylchuk, I.P. (2014). Teoretyko-metodolohichni pidkhody do vyznachennia sutnosti staloho rozvytku korporatsii. Problemy ekonomiky. (4). 256-261. Retrieved from https://www.problecon.com/export_pdf/problems-of-economy-2014-4_0-pages-256_261.pdf .
  • 9. The Importance of a Corporate Sustainability Strategy for Profit and the Environment. Retrieved from https://kaizen.com/insights/importance-corporate-sustainability-strategy/.
  • 10. How can sustainable practices influence brand positioning and consumer loyalty? 28.08.2024. https://blogs.vorecol.com/blog-how-can-sustainable-practices-influence-brand-positioning-and-consumer-loyalty-76998.
  • 11. Baranets, H.V. (2022). Zabezpechennia prozorosti lantsiuhiv postavok v konteksti dosiahnennia tsilei staloho rozvytku. Ekonomichnyi visnyk Dniprovskoi politekhniky (3). 131-138. https://doi.org/10.33271/ebdut/79.131.
  • 12. SDG Compass. Posibnyk dlia dosiahnennia Tsilei Staloho Rozvytku v sferi biznesu. Retrieved from https://sdgcompass.org/wp-con-tent/uploads/2016/09/SDG_Compass_Guide_Ukranian.pdf/.
  • 13. The Sherwin-Williams 2024 Sustainability Report. Retrieved from https://surl.lt/zrmtyi.
  • 14. The Sherwin-Williams 2022 Sustainability Report. Retrieved from https://surl.li/fjbdpy.