ADVANCEMENTS IN CORPORATE SUSTAINABILITY PRACTICES: A SYSTEMATIC REVIEW OF STRATEGIES ALIGNED WITH SUSTAINABLE DEVELOPMENT GOALS
Abstract
This study purposes to conduct an in-depth estimation and analysis of the ways in which corporate sustainability practices have progressed and how these practices link with the Sustainable Development Goals (SDGs). The aim is to understand how businesses embrace sustainability into their technical progressions, governance frameworks, and basic operations. Peer-reviewed literature was assembled from the Scopus database using an inclusive search procedure that concerted on the terms “Corporate Sustainability”, “Corporate Sustainability Practice”, “Sustainable Development Goal”. Only English- language publications from 2015 to 2023 were encompassed in the search. After demanding screening and full-text examination, 297 of the 628 articles that were primarily revealed met the inclusion requirements. The review high spot the merger of environmental, social, and governance (ESG) principles into business operations, figuring prominent developments in corporate sustainability policies. Strong corporate governance frameworks, cutting-edge technology like block chain and artificial intelligence, and broad stakeholder involvement are vital tactics. These approaches address global issues in line with the sustainable development goals (SDGs) and upsurge resource competence, lower carbon footprints, and lift company competitiveness. It is widely accepted that the cooperation with the stakeholders, technological advances and good governance are central to sustainable development. Moreover, in the light of these findings, policy implications have also been discussed to enhance the sustainability policies at the corporate as well as at the government level. This review is beneficial for organizations, governments and academics by providing the guidelines and pointing out the directions for the further advancement of corporate sustainability strategies.