Connecting the sustainable development goals to firm-level sustainability and esg factorsThe need for double materiality

  1. Javier Delgado-Ceballos 1
  2. Natalia Ortiz-De-Mandojana 1
  3. Raquel Antolín-López 2
  4. Ivan Montiel 3
  1. 1 University of Granada, Granada, Spain
  2. 2 University of Almeria, Almería, Spain
  3. 3 University of New York, New York, NY, USA
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Revista:
Business Research Quarterly

ISSN: 2340-9444,  2340-9436

Año de publicación: 2023

Volumen: 26

Número: 1

Páginas: 2-10

Tipo: Artículo

DOI: 10.1177/23409444221140919 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Business Research Quarterly

Resumen

In this essay, we connect the United Nations’ Sustainable Development Goals (SDGs)—an extensive collection of society-level goals and targets aimed at addressing grand challenges and achieving global sustainability by 2030—to firm-level sustainability and Environmental, Social, and Governance (ESG) factors. In doing so, we highlight the importance of connecting the SDGs with the concept of double materiality—stakeholder materiality and financial materiality. Our assessment helps businesses navigate the intricate sustainability space and understand the ways in which their sustainability interventions can help solve the ESG grand challenges encapsulated in the SDGs. We conclude the article by introducing the five research articles that are part of the special issue “Our house is on fire! The role of business in achieving the Sustainable Development Goals” and suggesting a path for the future that revolves around creating standardized “sustainability balance sheets” in business.

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