Thirdly, there is ample evidence that MNEs can have a negative impact on the economic development of the host country as a function of various contextual variables. Secondly, recognition of the need or willingness of MNEs to adhere to sustainable development is not yet accompanied by a clear understanding on the part of either the firms or the state as to how this can be best achieved. Motivation: The area requires further study as firstly, interrelationships between SDG1 and MNEs are far from clear, and there are no statistics on how they have influenced poverty across countries. If yes, what are the conditions under which it can be positive and what are the conditions under which it can be negative?.Can policy influence the ways by which MNEs affect poverty?.Thus, in order to understand the ways by which policy can nudge MNEs to contribute to the first pillar of sustainable development, namely SDG1-to end poverty in all its forms everywhere, we undertook an extensive literature survey. However, such policy outreach of the government is being met with varying degrees of success in different parts of the world.

Hence, governments are calling for multinational enterprises (MNEs) to take responsibility and strive to contribute to the SDGs, as MNEs are important private carriers of global economic growth and have substantial economic power. While governments all over the world have vowed to attain the SDGs, they recognize that they cannot mobilize the necessary resources and capabilities to fight diverse obstacles to sustainability like poverty, inequalities, and climate change alone. No wonder then that the United Nations SDGs assigned ‘No Poverty’ as Goal 1 for sustainable development. This document emphasised that poverty is among the root causes of environmental degradation. In 1987, Gro Harlem Brundtland, Head of the UN commission on Environment and development, released a document “Our Common Future” that coined the term sustainable development. Sustainable development refers to the process of economic growth and development wherein the needs of the present are met without compromising the ability of future generations to meet their own. Emerald Publishing, Pages 89-129.Ĭontext: In 2015, at the United Nations, world leaders adopted 17 goals, referred to as the Sustainable Development Goals (SDGs), to serve as guideposts for sustainable development. Chapter 5 of ‘Multinational enterprises and sustainable development’, International business & management volume 33, 2017. Ramani, Rushva Parihar and Shankhajit Sen.

Related to Sustainable Development Goal # SDG 1 (No Poverty)īased on: ‘On Nudging MNE toward SDG 1: A Policy Perspective’ by Shyama V. By Shankhajit Sen, Calcutta University Citation: SITE4society Brief No.

Castmaster sdn bhd