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The role of multinational companies for world sustainable development agenda
Muhammad Izzuddin Syakir Ishak1, Nur Farhana Asyikeen Ishak2, Mohd Sayuti Hassan3, Azlan Amran4, Mohd Hafiidz Jaafar5, Mohamad Shaharudin Samsurijan6.
Multinational Company (MNC) is a key stakeholder to the global economy, hence, imposes significant implications to sustainable development. Today, besides economy, environment and society also appeared as the main components in sustainability agenda of MNCs. However, in reality, wearisome updates of increasing environmental degradation and endless poverty make up the view marking the end of Millennium Development Goal (MDG). The samples of 34 MNCs were selected randomly from Top 100 Global Companies in 2013 based on market capitalization. It comprises seven categories of industry. The MNCs sustainability report was analysed systematically using summative content analysis approach Social Accounting Matric (SAM) for an effective analysis of sustainability keywords. Results showed that the components of environment, social and economy are balanced (20-25%) for all industries. For Sustainable Development pillars, Cross-sectoral issues and sectoral challenges, the economy and environment appear as the most concern sustainability components, followed by production and consumption and energy components, respectively, suggesting that the cost and energy savings for production and consumption are of importance to MNC’s sustainability agenda as the earth’s ecosystems are nearing critical tipping points of depletion. As well, the results demonstrate a slow but steady progress of the sustainable development agenda despite commitments of MNCs.
Affiliation:
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
- Universiti Sains Malaysia, Malaysia
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Indexation |
Indexed by |
MyJurnal (2021) |
H-Index
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4 |
Immediacy Index
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0.000 |
Rank |
0 |
Indexed by |
Scopus 2020 |
Impact Factor
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CiteScore (0.9) |
Rank |
Q3 (Geography, Planning and Development) Q4 (Pollution) Q4 (Management, Monitoring, Policy and Law) |
Additional Information |
SJR (0.175) |
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