Russian SMEs in achieving sustainable development goals

Abstract

This article examines trends and opportunities in implementing the concept of sustainable development in the world and in the economy of the Russian Federation at the level of small and medium-sized enterprises. Based on the analysis of statistical data on contribution and forms of participation in solving environmental problems and formation of sustainable development trends in terms of achieving the SDGs of SMEs in the Russian Federation, we conclude that there is insufficient participation and weak motivation in this sector. The analysis is done using data from Eurostat, Rosstat, and Fedstat (an OECD institutional website), studying how values of indicators have changed during recent years. This conclusion is in line with studies of global trends showing a decline in business and economic activity towards the achievement of the SDGs, especially in the SME sector. At the same time, we show the existence of business niches and significant growth potential in this sector. In conclusion, we consider possibilities for overcoming these trends through external influence in the form of government support and through internal transformation of business processes. Furthermore, we propose business models for implementing participation of small and medium-sized businesses in the formation of a sustainable development economy.

Achieving Sustainable Development Goals (SDGs) by Effective Compliance of Good Corporate Governance

“…To see the strength of the relationship between GCG and SDGs, the researchers used the coefficient of determination with the following results: However, the problems experienced by MSME actors are a separate obstacle to the progress of their business. GCG has a low relationship to the SDGs because there is still a lack of facilitators in socializing the importance of GCG to MSMEs in achieving the SDGs (Biryukov et al, 2021). Other factors that can affect MSMEs in achieving SDGs include access to funding receipts, government support in improving MSMEs, business management skills, and especially finance as a condition for submitting capital acquisition from third parties.…”

“…The SDGs are not only applied to large companies, but the SDGs have begun to be socialized to MSMEs to achieve the SDGs to come true immediately (Auemsuvarn, 2019;Biryukov et al, 2021; Lopes de Sousa Jabbour et al, 2020; Verma, 2019). The trend of implementing the SDGs on MSMEs has already been implemented in Russia (Biryukov et al, 2021). The achievement of the SDGs is not only borne by large companies.…”