Role of Stakeholder Engagement in Sustainable Development in Estonian Small and Medium-Sized Enterprises
Journal Title: Green and Low-Carbon Economy - Year 2024, Vol 2, Issue 4
Abstract
As the world becomes increasingly aware of the negative impacts of human activity on the environment, there is an urgent need for sustainability. Small and medium-sized enterprises (SMEs) are essential contributors to the economy and their role in promoting sustainability cannot be overstated. This study examines the role of stakeholders in promoting the sustainable development of SMEs, with focusing on environmental sustainability and innovation. Specifically, it investigates the role of customers, local governments, competitors, and non-governmental organizations (NGOs). This study employs a qualitative approach using 10 semi-structured interviews to collect data from SMEs operating in Estonia. These findings suggest that stakeholder engagement is crucial for promoting the sustainable development of SMEs. While the government may not play an active role in promoting sustainability, NGOs, consumers, and competitors can all play an important role in supporting SMEs' sustainability efforts. These findings provide insights into the various stakeholders that SMEs should consider in their sustainability strategies and highlight the importance of collaboration and engagement with stakeholders to achieve sustainable development goals. The study contributes to the understanding of the role of stakeholders in promoting sustainable development in SMEs, specifically in the context of Estonia.
Authors and Affiliations
Tarlan Ahmadov, Siret Ulp, Wolfgang Gerstlberger
Keywords
Related Articles
- EP ID EP750393
- DOI 10.47852/bonviewGLCE42022504
- Views 1
- Downloads 0
Modeling the Influence of Expropriated Farmers' Determinants on Compensation Payments Using Multiple Regression
In recent years, Rwanda's economic shift has been triggered by expropriation for land conversion in areas of urbanization, roadways, modern village settlements, and agricultural modernization. Even though various studies...
Carbon Farming: Nature-Based Solutions in Brazil
Agriculture can breach the emission gap between countries' and companies' declared goals and actual achievements related to carbon neutrality. But to do so, techniques must change from the monocultural to more integrated...
New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
In the context of increasing anti-globalization trends, sustainable economic development has become an inevitable and feasible solution to address the growing contradictions between social, environmental, and economic fa...
Analysis of Electric Power Transmission Lines Through Graph Theory: Protecting Environmental Preservation Areas Through Strategic Planning
Electrical networks consist of generation plants, transmission and distribution substations of electrical en-ergy. Power is transmitted through towers and lines that span hundreds or even thousands of kilometers. To ensu...
Environmental Regulation and Public Environmental Concerns in China: A New Insight from the Difference in Difference Approach
Facing severe air pollution, the Chinese government has introduced bottom-up public participation in environmental policy. The increase in public environmental attention can promote the participation of all people in env...