The impact of sustainable practices on the financial performance of companies: A review of the literature

Authors

Keywords:

Sustainable Development Goals; Business sustainability; Financial performance.

Abstract

The Sustainable Development Goals (SDGs) constitute a set of 17 global goals defined by the United Nations (UN) with the purpose of promoting sustainable development in its social, environmental and economic dimensions. Currently, companies face challenges due to the cost of implementing responsible and sustainable practices in the business world. This article examines the relationship between sustainable practices (SP) and financial performance (FD) of companies, within the framework of the SDGs. The research is based on a systematic review of existing literature. The study's findings support the idea that sustainable practices benefit companies financially, providing a competitive advantage for those businesses that implement sustainable strategies. Thus, sustainability is not only an ethical and environmental imperative, but it is also an opportunity to improve profitability and business competitiveness.

Author Biographies

Mariano Andrés Roffé, National University of Misiones

Master in Strategic Business Administration and Bachelor in Business Administration from the Faculty of Economic Sciences of the National University of Misiones. PhD student in Administration at FCE UNaM. University teacher. Extensionist. Independent consultant in activities linked to the management of organizations, oriented to administration and management tools. His line of research is oriented towards the SDGs and organizations.

Fernando Antonio Ignacio González, National University of Misiones

Doctor in Economics from the National University of the South. Adjunct Researcher at CONICET and Professor at the Faculty of Economic Sciences of the National University of Misiones. His research agenda focuses on the intersections between applied microeconomics, economic development and political economy.

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Published

2023-12-18

How to Cite

Roffé, M. A., & González, F. A. I. (2023). The impact of sustainable practices on the financial performance of companies: A review of the literature. Scientific Journal Visión De Futuro, 28(1). Retrieved from https://revistacientifica.fce.unam.edu.ar/index.php/visiondefuturo/article/view/839

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Section

Original Articles

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