A Theoretical Substantiation of the Enterprises’ Participation Models in Achieving Global Sustainable Development Goals

Abstract

The article is concerned with the relevant issue both for Ukraine and the world of achieving global sustainable development goals based on the participation of enterprises (businesses) in ecological conservation processes and improving social well-being against the background of economic growth. The article is aimed at presenting the results of a study of the theoretical substantiation of models of the enterprise’s participation in achieving the global goals of sustainable development. Based on the use of general scientific research methods, it was logically substantiated that under the participation of enterprise in achieving the global goals of sustainable development, it is necessary to understand the alienation of assets or the acceptance of obligations to implement projects that correspond to sustainable development in the internal and external environment. On this basis, it is proposed to distinguish between four models of enterprise participation in processes aimed at achieving global sustainable development goals: «Outsider», «Activist», «Contributor», «Active Contributor». These models are based on two important characteristics: the presence or absence of internal transformation processes in favor of sustainable development at the enterprise, as well as the presence or absence of projects for financing transformations in favor of sustainable development in the external environment. The substantiation of the company’s behavior models in terms of the implementation of the global sustainable development goals allowed to propose an interpretation of the sustainable development of the enterprise in terms of its participation in these processes. In the logical course of the study, the types of sustainable development of enterprise are substantiated as follows: «driver», «supporter», «integrator». It is proved that these types should be determined on the basis of the ratio of the enterprise’s participation in sustainable development due to its activity in transformation processes in the internal and external environment. An analysis of the compliance of four models of enterprise participation in the implementation of the global sustainable development goals with three types of sustainable development of the enterprise is accomplished. Further research will concern the effectiveness of a particular model of enterprise participation in sustainable development from the point of view of different stakeholders.

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