The key drivers of sustainable practices in SMEs

Sabri Aliphana (2022) The key drivers of sustainable practices in SMEs. In: No Question: Sustainability is Everyone’s Business V. BBS International Sustainability Student Conference Proceedings. Budapesti Gazdasági Egyetem, Budapest, Magyarország, pp. 166-178. ISBN 978-615-6342-38-6

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Official URL: https://doi.org/10.29180/9786156342386_12

Abstract

According to the Globalization Council (2009), SMEs have more potential to meet important environmental and social targets than MNCs. However, it is quite challenging even for SMEs to synchronize sustainable development with the financial outcomes of a business and still offer economic prosperity. Therefore, the purpose of this study is to do a comprehensive investigation of the external and internal determinants which have an influence on the SMEs’ incentive to contribute to society, both socially and environmentally. I used the systematic literature review technique to list the external and internal drivers of the sustainability practices in SMEs which were identified globally by various researchers. For policymakers and also for SMEs owners and managers, this paper can have practical implication, They should keep in mind that if SMEs want to get more benefits from their sustainability efforts, they should consider sustainability as a long-term strategy, in other words, if SMEs adopt environmental practices mainly due to strategic intent, not only cost saving intent, and focus on long-run financial and market position payoffs, they can be still beneficial and even increase their profits

Tudományterület / tudományág

társadalomtudományok > gazdálkodás- és szervezéstudományok

Faculty

Pénzügyi és Számviteli Kar

Institution

Budapesti Gazdasági Egyetem

Item Type: Book Section
Creators:
CreatorsORCIDMTMT szerző azonosító
Sabri Aliphana
Uncontrolled Keywords: Sustainable practices, SME, drivers
Depositing User: Eszenyi-Bakos Kinga
DOI id: https://doi.org/10.29180/9786156342386_12
Date Deposited: 2022. Oct. 06. 13:59
Last Modified: 2022. Oct. 13. 14:30
URI: http://publikaciotar.uni-bge.hu/id/eprint/1928

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