Why Do South African Companies Adopt the UN Sustainable Development Goals?
Articles
Alan Bandeira Pinheiro
NEOMA Business School image/svg+xml
Ana Lidia de Oliveira Silva Ramalho
Federal University of Ceará image/svg+xml
Eduardo Becher de Lima Bernardo
Federal University of Paraná image/svg+xml
Nágela Bianca do Prado
State University of Campinas (UNICAMP) image/svg+xml
Published 2026-06-29
https://doi.org/10.15388/omee.2026.17.6
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Keywords

Sustainable Development Goals
Corporate Reputation
Emerging economies
board composition
agency theory
stakeholder theory
mixed-methods approach

How to Cite

Pinheiro, A.B. (2026) “Why Do South African Companies Adopt the UN Sustainable Development Goals?”, Organizations and Markets in Emerging Economies, 17(1 (34), pp. 117–139. doi:10.15388/omee.2026.17.6.

Abstract

Several previous studies have highlighted that the adoption of sustainable development goals in South Africa has contributed to poverty reduction, increased literacy rates, and progress in the fight against HIV. The purpose of this study is to understand the motivations underlying South African companies’ adoption of the UN Sustainable Development Goals and to assess the implications of this decision. To this end, the adoption of SDGs by 116 South African companies, focusing on board composition—specifically board size, diversity, skills, tenure, and independence—as antecedents, and corporate reputation as an outcome were analyzed. To analyze the data, we employed a mixed-methods approach, utilizing both multivariate analysis and fuzzy-set Qualitative Comparative Analysis (fsQCA). Both symmetric (multivariate analysis) and asymmetric (fsQCA) analyses provide strong evidence that three key board characteristics (gender diversity, board skills, and board independence) significantly influence the adoption of the SDGs. Additionally, the findings demonstrate that SDG adoption contributes to enhanced corporate social reputation. The findings have implications for both Agency Theory and Stakeholder Theory.

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References

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