This study aims to examine how enterprises operationalise the United Nations’ Sustainable Development Goals (SDGs) within their strategies by conducting a bibliometric analysis and systematic literature review of management research.
This research analyses 335 papers using bibliometric techniques to map the research landscape of SDG studies in management. The analysis identifies six thematic clusters and develops a conceptual model grounded in institutional, stakeholder and legitimacy theories.
The analysis reveals six key thematic clusters: politics and policy in SDG integration, innovation and entrepreneurship, transforming business models, sustainable supply chains, stakeholder engagement and competitive advantage and corporate reporting practices. The research landscape shows a cohesive structure concentrated in specific thematic journals, reflecting the field’s evolving priorities.
This study provides targeted recommendations for managers, such as embedding SDGs into core strategy, enhancing stakeholder engagement through transparent reporting and adopting circular economy practices; and for policymakers, including the design of sector-specific sustainability regulations, support for innovation ecosystems and mechanisms to ensure the credibility of SDG disclosures.
To the best of the authors’ knowledge, this research presents the first comprehensive mapping of SDG-related management literature, offering a novel conceptual model that illustrates the interconnected roles of institutions, stakeholders and businesses in fostering SDG-aligned strategies.
Introduction
The concept of sustainable development, as defined by the United Nations (1987, p. 37), emphasises meeting present needs without compromising the ability of future generations to meet theirs. This principle formed the foundation of the United Nations’ 2030 Agenda for Sustainable Development, a transformative framework of 17 Sustainable Development Goals (SDGs) and 169 targets aimed at addressing environmental stewardship, socio-economic advancement and urgent climate action (United Nations, 2015). The attainment of these ambitious objectives necessitates collaborative efforts spanning governments, civil society and, critically, the private sector (Del Río Castro et al., 2021). However, despite decades of discourse, recent statements from the UN Secretary-General highlight the insufficiency of incremental strategies, calling for transformative business practices to avert catastrophic failures in sustainability (UNCTAD, 2023).
The integral role of businesses in advancing the SDGs has increasingly been recognised in both practice and academic research, resulting in a growing body of literature. Scholars have explored the ways in which businesses contribute to the SDGs and integrate these goals into their strategies and operations (e.g. Mio, Panfilo, and Blundo, 2020; Pizzi et al., 2020a, 2020b). However, despite this growing body of research, significant theoretical and empirical gaps remain. These include insufficient understanding of the intellectual structure of SDG-related research in management and limited clarity on the processes through which businesses embed SDGs into their strategic frameworks. Addressing these gaps is crucial to advancing theoretical discourse and providing actionable insights for practice.
This paper contributes to the debate by conducting a literature review based upon bibliometric and systematic literature review (B-SLR) methods (Marzi et al., 2024) to answer two key research questions (RQs):
What is the intellectual structure of SDG research in the management field?
What processes do companies use to embed SDGs into their strategies?
By tackling these questions, the study provides a robust understanding of the evolving landscape of SDG integration in enterprising strategies, identifying key trends, challenges and opportunities for future research and practical implications.
This study contributes to the sustainability literature by offering a theoretically informed and methodologically advanced review of SDG-related research in management. Firstly, it maps the intellectual structure of the field through a comprehensive B-SLR method, revealing its thematic evolution, dominant clusters and conceptual gaps. Secondly, it proposes an integrative framework grounded in institutional, stakeholder and legitimacy theories to explain how businesses embed SDGs within their strategic and operational practices. Thirdly, it offers actionable recommendations for managers, policymakers and civil society by identifying best practices and implementation challenges. While earlier reviews, such as Mio et al. (2020) and Pizzi et al. (2020a, 2020b), provided important descriptive overviews particularly of CSR and reporting practices, this study advances the field by adopting a dual-mode B-SLR approach (Marzi et al., 2024) that enables both structural mapping and theoretical synthesis. Moreover, our analysis updates the state of the literature, revealing a 97% bibliographic coupling rate compared to 25.9% reported by Pizzi et al. (2020a, 2020b), indicating a more cohesive and mature research landscape. In doing so, this study not only builds on prior work but substantially extends its theoretical and methodological scope.
The paper is structured as follows: the methodology section details the B-SLR methods used. The subsequent section discusses the results of these analyses and presents a proposed model for SDG integration in enterprising strategies. The paper concludes with a discussion of theoretical and practical implications, research limitations and a forward-looking agenda for advancing SDG scholarship in management.
Methods
This study adopts a B-SLR approach (Marzi et al., 2024), combining bibliometric mapping with systematic synthesis to examine how the SDGs are embedded within enterprising strategies in the management field. The method enables analysis of the field’s intellectual structure and its evolving theoretical and practical contributions. Building on earlier studies (e.g. Mio et al., 2020; Pizzi et al., 2020a, 2020b), this review advances prior work by using a dual-mode review design that facilitates both structural mapping and theoretical integration, in line with recent best practice guidelines.
Search strategy and data selection
Following protocols established in systematic review scholarship (Hiebl, 2023; Marzi et al., 2024), the Scopus database was chosen as the primary source due to its comprehensive indexing of peer-reviewed journals in business and management (Dabić et al., 2022). To ensure the quality and disciplinary relevance of included studies, the review was restricted to journals listed in the ABS Academic Journal Guide 2018, a recognised standard in the field (Marzi et al., 2024).
Keyword selection was informed by preliminary scoping and existing literature. The terms “sustainable” and “SDG” were used to search titles, abstracts and keywords. An initial search conducted on 28 September 2023 returned 13,779 records. Two inclusion criteria were then applied: (1) the article must be published in English in a peer-reviewed academic journal, and (2) it must explicitly address SDGs in the context of enterprising strategies. Studies that only mentioned SDG-related terminology without linking it to enterprise, such as those focused exclusively on health care or public policy, were excluded. Limiting the results to ABS-ranked journals yielded 1,897 articles. After removing duplicates and screening titles and abstracts, a final data set of 335 articles was retained for full analysis.
Bibliometric analysis and rationale
The bibliometric component of the review was designed to identify conceptual patterns and the intellectual structure of SDG-related research in management. To strengthen analytical validity, the study followed recommendations to apply a multi-indicator approach rather than relying on a single bibliometric metric (Marzi et al., 2017; Pizzi et al., 2020a, 2020b). Analyses were conducted using the bibliometrix package in R (Aria and Cuccurullo, 2017) and VOSviewer (Van Eck and Waltman, 2010), both widely used tools in bibliometric research.
The bibliometric analysis combined performance analysis and science mapping. Performance analysis provided a descriptive overview of the field’s development by examining citation counts, author and journal productivity and temporal publication trends. Science mapping then offered a deeper exploration of the field’s structure through three techniques: co-citation analysis, bibliographic coupling and keyword co-occurrence.
Co-citation analysis was used to identify foundational literature by examining how frequently pairs of documents, journals or authors were cited together. To ensure the interpretive rigour of results, thresholds were set at a minimum of three citations for individual articles and 40 citations for journals and authors, consistent with prior bibliometric studies (Pizzi et al., 2020a, 2020b). Bibliographic coupling, in contrast, identified clusters of conceptually related articles based on shared references (Kessler, 1963; Ferreira, 2018). Minimum thresholds of two citations per article and two articles per journal or author were applied to retain analytical focus while avoiding noise from peripheral contributions.
To identify thematic clusters, we conducted a keyword co-occurrence analysis using VOSviewer (Van Eck and Waltman, 2010). A minimum keyword occurrence threshold of five was applied to focus the analysis on terms that appeared with sufficient frequency across the data set. Prior to analysis, we implemented a keyword harmonisation process to standardise spelling, consolidate synonyms and avoid redundancy (Marzi et al., 2024). The clustering algorithm applied was VOSviewer’s default LinLog/modularity-based clustering method, with the resolution parameter set at 1.0, in line with recommendations from prior studies (Pizzi et al., 2020a, 2020b). This technique prioritises keyword frequency and co-location over citation prominence, facilitating the identification of emerging themes and conceptual linkages (Fisch and Block, 2018; Pizzi et al., 2020a, 2020b). It groups keywords based on co-occurrence strength, enabling the detection of conceptually coherent clusters. Articles were then assigned to clusters based on keyword proximity and density in the co-occurrence network.
Thematic synthesis and Sustainable Development Goal mapping
These procedures resulted in six thematic clusters, each representing a major research focus within the SDG-management literature. To synthesise these clusters, the ten most-cited articles within each thematic area were reviewed in depth. This sampling strategy balanced breadth and depth by capturing the most influential work within each cluster while retaining sensitivity to theoretical variation. Articles were assigned to clusters based on keyword proximity and thematic similarity, resulting in a conceptually grounded framework for analysis.
To strengthen alignment with the SDG agenda, the study incorporated Scopus SDG classifications, which use machine learning and curated keyword logic to link documents to individual SDGs (Scopus, 2023). This mapping enabled an additional layer of analysis, tracing how management scholarship engages with specific sustainability goals.
Integration of bibliometric and systematic approaches
The integration of bibliometric mapping with systematic literature review offers a comprehensive lens on the field. The bibliometric component clarifies the intellectual architecture of SDG-related research, while the systematic review component offers a deeper examination of the theoretical and practical content of each thematic cluster. Together, these components reveal how research on SDGs in the management domain has evolved, how it is structured and where future contributions are most needed. This dual approach reflects current best practice in management research synthesis and provides a robust foundation for advancing theory and informing practice (Marzi et al., 2024).
Results of the bibliometric analysis
Performance analysis
Annual scientific production serves as a key indicator of research activity and trends in SDG-related management scholarship. The publication volume has grown rapidly, with an annual growth rate of 80.57% between 2015 and 2023. This surge aligns with the adoption of the 2030 Agenda, signalling the integration of sustainability into mainstream management research.
Within the most active journals: the Journal of Cleaner Production accounts for 17% of publications, significantly ahead of Corporate Social Responsibility and Environmental Management (7%) and Business Strategy and the Environment (6%). While these journals maintain a strong sustainability focus, the presence of generalist outlets like the Journal of Business Research (3%) reflects broader disciplinary engagement.
Citation analysis of the 335-article data set shows 9,741 citations across 120 journals, with an average of 29.08 citations per article (SD = 58.26). The top ten articles account for 28.45% of all citations, a decline from 40.32% in Pizzi et al. (2020a, 2020b), reflecting a more distributed pattern of influence.
Among 918 contributing authors, the average is 3.12 authors per article, yet only 84 authors contributed more than once and 184 received over 50 citations, pointing to a concentrated core of influence and opportunities to broaden participation in the field.
Country-level analysis (Figure 1 and Table 1) shows Italy leading in output, while the UK ranks first in total citations (1,506) and average citations (51.93). Denmark (78.67) and New Zealand (65.56) also show high average impact, despite fewer publications, underscoring the influence of quality over volume.
Total citations per country
| Country | Total citations | Average article citations |
|---|---|---|
| United Kingdom | 1,506 | 51.93 |
| Italy | 1,141 | 23.29 |
| Denmark | 717 | 78.67 |
| New Zealand | 590 | 65.56 |
| China | 544 | 41.85 |
| Country | Total citations | Average article citations |
|---|---|---|
| United Kingdom | 1,506 | 51.93 |
| Italy | 1,141 | 23.29 |
| Denmark | 717 | 78.67 |
| New Zealand | 590 | 65.56 |
| China | 544 | 41.85 |
The horizontal bar chart displays publication counts across ten countries, divided into S C P and M C P categories. The vertical axis lists countries: Italy, United Kingdom, Spain, India, Australia, United States, China, Switzerland, Germany, and Brazil. The horizontal axis represents the number of publications. Each bar is segmented to show contributions from S C P and M C P. Italy shows the highest publication count, nearing 50, followed by the United Kingdom and Spain. Countries such as Brazil, Germany, and Switzerland have lower totals. A key below the chart identifies the segments as S C P and M C P, with consistent spacing applied in all labels.Most productive countries
Source: Authors’ own work
The horizontal bar chart displays publication counts across ten countries, divided into S C P and M C P categories. The vertical axis lists countries: Italy, United Kingdom, Spain, India, Australia, United States, China, Switzerland, Germany, and Brazil. The horizontal axis represents the number of publications. Each bar is segmented to show contributions from S C P and M C P. Italy shows the highest publication count, nearing 50, followed by the United Kingdom and Spain. Countries such as Brazil, Germany, and Switzerland have lower totals. A key below the chart identifies the segments as S C P and M C P, with consistent spacing applied in all labels.Most productive countries
Source: Authors’ own work
While citation metrics provide useful insights, they should be interpreted with caution. They may not fully capture research quality or reflect the contributions of multi-country collaborations, particularly when based solely on first-author affiliations.
Co-citation analysis
The co-citation analysis identified 427 key references from a data set of 24,754 cited sources, mapping the intellectual foundations of SDG-related management research. Figure 2 shows a density map of co-cited articles, where node proximity and clustering reflect how often articles are cited together. Denser areas indicate stronger conceptual linkages.
The image presents a network visualization of authors and key phrases associated with sustainability research. Text elements appear in different font sizes, where larger words represent higher relevance or frequency. The layout is non-linear, with names and phrases positioned irregularly across the space. The phrase Transforming our world: the twenty appears centrally and in the largest font, indicating high significance. Other names and phrases are scattered around it, suggesting thematic relationships without directional flow. A background gradient subtly differentiates areas but does not imply strict clusters.Density map of co-cited articles
Source: Authors’ own work
The image presents a network visualization of authors and key phrases associated with sustainability research. Text elements appear in different font sizes, where larger words represent higher relevance or frequency. The layout is non-linear, with names and phrases positioned irregularly across the space. The phrase Transforming our world: the twenty appears centrally and in the largest font, indicating high significance. Other names and phrases are scattered around it, suggesting thematic relationships without directional flow. A background gradient subtly differentiates areas but does not imply strict clusters.Density map of co-cited articles
Source: Authors’ own work
Van Zanten and Van Tulder (2018) and Rosati and Faria (2019b) emerge as central works, offering key insights on institutional drivers of SDG engagement and organisational factors in SDG reporting. The United Nations (2015) agenda document also ranks highly, highlighting its normative influence. Clustering around these works underscores their foundational role in shaping the field.
At the journal level, over 7,000 journals were cited, but only 71 received more than 40 citations. The Journal of Cleaner Production is the most co-cited (1,826 citations), followed by Sustainability (783 citations) and the Journal of Business Ethics (782 citations), reflecting the field’s alignment with environmental and ethical concerns.
Figure 3 illustrates thematic clusters of journals based on co-citation patterns. The green cluster, led by Journal of Cleaner Production and Sustainability, focuses on environmental management. The blue cluster, centred on Business Strategy and the Environment, addresses strategy and reporting. The red cluster, led by Journal of Business Ethics, emphasises ethics in management. The yellow cluster, anchored by Journal of Business Research, spans broader theoretical themes such as marketing and innovation.
The image shows a network map of academic journal titles addressing themes of sustainability, corporate social responsibility, and business ethics. Titles are positioned organically across the layout, with varying text sizes to indicate prominence or influence. The title, Journal of Cleaner Production appears centrally in larger font, surrounded by other related journals spaced throughout the map. Lines or spatial proximity suggest thematic relationships among the publications.Density map of co-cited journals by clusters
Source: Authors’ own work
The image shows a network map of academic journal titles addressing themes of sustainability, corporate social responsibility, and business ethics. Titles are positioned organically across the layout, with varying text sizes to indicate prominence or influence. The title, Journal of Cleaner Production appears centrally in larger font, surrounded by other related journals spaced throughout the map. Lines or spatial proximity suggest thematic relationships among the publications.Density map of co-cited journals by clusters
Source: Authors’ own work
Author-level co-citation (Figure 4) shows 239 authors cited more than 20 times out of 35,000+. The map highlights central scholars often cited together, forming the intellectual core of SDG research. Authors like Hall and Scott appear on the periphery, reflecting a specialised focus on areas such as sustainable tourism rather than marginal influence.
The image presents a heatmap visualisation of names displayed in a clustered format. Names appear in different font sizes, where larger text suggests greater importance or stronger connectivity. Central names are the most prominent, while smaller names appear at the edges. The background features a gradient transitioning from deep blue to bright yellow, with the warmest areas highlighting regions of higher name density. Spatial grouping implies relationships among names without defined borders. The lower left corner contains the V O S viewer logo, identifying the software used to generate the bibliographic network map.Density map of co-cited authors
Source: Authors’ own work
The image presents a heatmap visualisation of names displayed in a clustered format. Names appear in different font sizes, where larger text suggests greater importance or stronger connectivity. Central names are the most prominent, while smaller names appear at the edges. The background features a gradient transitioning from deep blue to bright yellow, with the warmest areas highlighting regions of higher name density. Spatial grouping implies relationships among names without defined borders. The lower left corner contains the V O S viewer logo, identifying the software used to generate the bibliographic network map.Density map of co-cited authors
Source: Authors’ own work
Bibliographic coupling
Bibliographic coupling identifies conceptual similarity between documents based on shared references. When two articles cite the same sources, they are considered coupled, indicating alignment in research focus. This method is valuable for mapping the intellectual structure of a field and identifying emerging research communities. In this study, 261 of 269 articles with at least two citations were interconnected, producing a connectivity rate of 97%. This represents a substantial increase from the 25.9% reported by Pizzi et al. (2020a, 2020b), indicating greater coherence and maturity in SDG-related management research. Figure 5 presents a density map of bibliographic coupling among articles, where nodes closer together share more references, and denser areas indicate stronger thematic overlap. The tight clustering reflects a well-integrated network and a more unified research trajectory.
The image depicts a heatmap that visualizes authors and their corresponding publication years regarding a specific field or topic. The authors' names are scattered across a vibrant gradient background, ranging from deep blue in the corners to bright yellow and red in the center. Names are displayed in varying font sizes, with larger names indicating a higher density or significance of publications in the area. The design includes numerous author-year pairs, facilitating a quick visual assessment of the prominence of each name within the dataset.Density map of the bibliographic coupling of articles
Source: Authors’ own work
The image depicts a heatmap that visualizes authors and their corresponding publication years regarding a specific field or topic. The authors' names are scattered across a vibrant gradient background, ranging from deep blue in the corners to bright yellow and red in the center. Names are displayed in varying font sizes, with larger names indicating a higher density or significance of publications in the area. The design includes numerous author-year pairs, facilitating a quick visual assessment of the prominence of each name within the dataset.Density map of the bibliographic coupling of articles
Source: Authors’ own work
At the journal level, 51 journals with at least two qualifying articles were connected. The Journal of Cleaner Production had the highest link strength, followed by Corporate Social Responsibility and Environmental Management and Business Strategy and the Environment, confirming their central role in SDG discourse within management. Author-level coupling showed similar integration. Of 77 authors with at least two articles, 76 were linked. Figure 6 displays a density map of author coupling, with clusters representing researchers who draw on similar foundational work. Larger nodes reflect greater influence or productivity, and proximity indicates thematic alignment.
The image presents a heatmap visualisation where names are arranged in spatial clusters with varying font sizes and text intensities. Names such as audretsch, david bruce and di vaio, assunta appear in distinct groupings, suggesting thematic or relational connections. Larger and more prominent names reflect higher relevance or frequency, while smaller names indicate lower association. The layout highlights clustering effects without using borders or axes, forming an abstract map of linked individuals based on visual prominence and proximity.Density map of the bibliographic coupling of authors
Source: Authors’ own work
The image presents a heatmap visualisation where names are arranged in spatial clusters with varying font sizes and text intensities. Names such as audretsch, david bruce and di vaio, assunta appear in distinct groupings, suggesting thematic or relational connections. Larger and more prominent names reflect higher relevance or frequency, while smaller names indicate lower association. The layout highlights clustering effects without using borders or axes, forming an abstract map of linked individuals based on visual prominence and proximity.Density map of the bibliographic coupling of authors
Source: Authors’ own work
Keyword co-occurrence
Keyword co-occurrence analysis offered valuable insights into research topics by identifying thematic clusters within the literature (López-Fernández et al., 2016). For this study, only keywords occurring at least five times were retained, narrowing the initial pool of 320 to 54. The most frequent keywords “Corporate Social Responsibility”, “Reporting”, “Innovation”, “Circular Economy” and “MNE” (Multinational Enterprise), are closely aligned with SDG strategies, underscoring their significance within the research landscape. Figure 7 visualises the interconnections among these keywords, grouping them into distinct clusters. These clusters form a structured basis for thematic analysis, providing a clearer understanding of the research landscape and facilitating the identification of dominant themes and emerging areas of interest.
This network diagram displays a web of interconnected concepts focused on corporate social responsibility, innovation, and sustainability. Central terms like corporate social responsibility and circular economy are prominently located, surrounded by various related terms such as innovation, firm performance, and social entrepreneurship. The nodes are color-coded to represent different thematic areas, such as environmental sustainability and management, while the links illustrate the relationships and connections between these concepts.Network diagram of the co-occurrence of keywords
Source: Authors’ own work
This network diagram displays a web of interconnected concepts focused on corporate social responsibility, innovation, and sustainability. Central terms like corporate social responsibility and circular economy are prominently located, surrounded by various related terms such as innovation, firm performance, and social entrepreneurship. The nodes are color-coded to represent different thematic areas, such as environmental sustainability and management, while the links illustrate the relationships and connections between these concepts.Network diagram of the co-occurrence of keywords
Source: Authors’ own work
Sustainable Development Goals in articles
An analysis of SDGs addressed in the selected articles, indicates a prevalent focus on 2 (21%), 3 (29%) or 4 (23%) SDGs per study. This pattern may reflect an “optimal concentration”, allowing researchers to delve into interrelated goals while avoiding an overly broad scope. It also highlights the interconnected nature of the SDGs, supporting the assertion by Van Zanten and Van Tulder (2018) that the 17 goals are “integrated and interconnected”.
Figure 8 illustrates the distribution of specific SDGs in the analysed articles, with Goal 17 emerging as the most studied, followed by Goals 9 and 12. The prominence of Goal 17 aligns with its cross-sectoral focus, while Goals 9, 12 and 8 are likely prioritised due to their relevance to private-sector activities. In contrast, the remaining goals receive comparatively less attention, despite the potential for significant private-sector contributions. This discrepancy highlights an opportunity for future research to explore less-studied SDGs, broadening the scope of corporate engagement with sustainability initiatives.
The bar chart presents Sustainable Development Goals on the vertical axis, listed from Goal 17 at the top to Goal 11 at the bottom. The horizontal axis is labelled Number of Articles and ranges from 0 to 300. Each goal has a horizontal bar extending to the right, representing its article count. Goal 17 has the longest bar, indicating the highest number of articles, followed by Goal 9, Goal 12, and Goal 8. Goals such as Goal 6, Goal 3, and Goal 11 have the shortest bars, reflecting the fewest articles.SDG number in articles
Source: Authors’ own work
The bar chart presents Sustainable Development Goals on the vertical axis, listed from Goal 17 at the top to Goal 11 at the bottom. The horizontal axis is labelled Number of Articles and ranges from 0 to 300. Each goal has a horizontal bar extending to the right, representing its article count. Goal 17 has the longest bar, indicating the highest number of articles, followed by Goal 9, Goal 12, and Goal 8. Goals such as Goal 6, Goal 3, and Goal 11 have the shortest bars, reflecting the fewest articles.SDG number in articles
Source: Authors’ own work
Overview of identified clusters
The literature review focused on the ten most-cited articles within each thematic cluster identified with co-occurrence of keywords analysis (Figure 7), with some articles contributing to multiple clusters. Articles are grouped based on their topics and key findings, enabling a structured thematic overview. Table 2 summarises the main findings for each cluster, highlighting the core themes and significant contributions to the SDG research landscape. This approach provides a clearer understanding of the primary areas of focus and the evolving discourse in SDG-related enterprising strategies.
Main findings of clustered literature
| Cluster | Main findings |
|---|---|
| 1. Politics and policy in SDG integration | • Influence of politics and critique of neoliberal policies and growth-driven strategies (Hall, 2019; Mio et al., 2020) |
| • Need for better and tailored policies (Bhatt et al., 2020; Centobelli et al., 2020; Monteiro et al., 2019) | |
| • Most policies are based on the concept of “weak sustainability” rather than “strong sustainability” (Tost et al., 2018) | |
| • Broader sustainability knowledge, including community involvement and human perspectives (Bhatt et al., 2020; Hall, 2019; Monteiro et al., 2019) | |
| • Interest of stakeholders in companies’ sustainability (Pizzi et al., 2020a, 2020b; Silva, 2021) | |
| • The importance of businesses’ contribution to SDGs and the focus of research on companies’ strategies (Mio et al., 2020; Pizzi et al., 2020a, 2020b) | |
| • Need for a better alignment between companies and SDGs (Bhatt et al., 2020) | |
| • The importance of innovation and emerging technologies (Bhatt et al., 2020; Bogers et al., 2020; Centobelli et al., 2020; Pizzi et al., 2020a, 2020b) | |
| • Different countries’ cultures influence companies’ sustainability (Bogers et al., 2020) | |
| • Companies’ efforts are more symbolic than substantive, so there is a need for business model changes (Bogers et al., 2020; Silva, 2021) | |
| • Different solutions to address SDGs based on the industry (Bhatt et al., 2020; Centobelli et al., 2020) | |
| • Possibility to measure SDGs through ESG scores (Khaled et al., 2021) | |
| 2. Innovation, technology and entrepreneurship | • Country technology and innovation are not drivers for SDG reporting (Rosati and Faria, 2019b) |
| • Innovation is paramount to achieving SDGs and can foster cross-sector collaboration (Bogers et al., 2020; Schaltegger et al., 2018; Wang et al., 2020) | |
| • Multilateral cooperation, fair relationships and knowledge sharing in a supply chain foster green innovation (Zhou et al., 2020) | |
| • Intellectual capital is central to shaping innovative decisions to address sustainability (Alvino et al., 2021) | |
| • The sustainable energy transition is central to achieving all SDGs (Ali Shah et al., 2021) | |
| • Sharing platforms may have a positive effect on SDGs, while collaborative platforms could be detrimental to SDGs (Gössling and Hall, 2019) | |
| • Entrepreneurship is a driver to achieving SDGs (Horne et al., 2020) | |
| • Horizontal and vertical collaborative entrepreneurship is a driver to address SDGs (Schaltegger et al., 2018) | |
| • Values of companies and employees can help engage in SDGs (Fleming et al., 2017) | |
| 3. Transforming business models for sustainability | • Need for business models that integrate sustainability in their core (Bocken and Short, 2021; Moldavska and Welo, 2019; Naidoo and Gasparatos, 2018) |
| • Profitability, environmental policies and stakeholder pressure are the main drivers of adopting sustainability strategies (Naidoo and Gasparatos, 2018) | |
| • Sustainability must be seen by companies as directed change (Moldavska and Welo, 2019) | |
| • Circular economy practices are effective tools for achieving several SDGs (Schroeder et al., 2019) | |
| • Companies are recognising the importance of environmental sustainability (Gunawan et al., 2020) | |
| • Renewable energy, securitisation and fair distribution of energy are fundamental to reach sustainability (Ali Shah et al., 2021) | |
| • Need for an integrated approach, considering there could be no trade-off between different SDGs (Hall, 2019; van Vuuren et al., 2015) | |
| • Need for a change in the managerial approach, going beyond market-driven strategies (Hall, 2019) | |
| • Robust policy frameworks to mitigate the negative impacts of positive actions for SDGs must be in place (Aust et al., 2020) | |
| 4. Sustainable operations and supply chains | • Integrating GRI guidelines with SDGs helps with operational issues (Tsalis et al., 2020) |
| • Companies can enhance sustainability through transparency and transformation strategies (Silva, 2021) | |
| • Intellectual capital drives internal operations’ sustainability (Alvino et al., 2021) | |
| • The main retail sector strategies include energy management, GHG emissions reduction, integrated waste management and water conservation (Naidoo and Gasparatos, 2018) | |
| • Sustainable manufacturing should be based on six paradigms: capability development for environmental management, lean practices and environmental management, environmental management and firm performance, integrating lean and green practices, green supply chain management and sustainability (Bhatt et al., 2020) | |
| • Corporate sustainability should be assessed by following criteria for sustainable manufacturing and a sustainable world, based on SDGs (Moldavska and Welo, 2019) | |
| • Green practices in firms boost supply chain green practices (Centobelli et al., 2020) | |
| • Logisticserviceprovidersarekeyforgreensupplychains(Centobelli et al., 2020) | |
| • To achieve SDGs in the fashion industry, the following practices are paramount: sustainable fashion supply chain management, sustainable design, sustainable dyeing, sustainable production, sustainable retailing and consumption, sustainable sourcing, reverse activities and closed-loop supply chain and life cycle assessment (Cai and Choi, 2020) | |
| • Open innovation and multilateral collaboration in supply chains are paramount for sustainability (Bogers et al., 2020; Zhou et al., 2020) | |
| 5. Stakeholder engagement and competitive advantage | • There is a positive relationship between sustainability and company reputation across stakeholders (Gomez-Trujillo et al., 2020) |
| • Including stakeholders in CSR activities helps achieve a balance between SDG implementation and cost management (Lu et al., 2021) | |
| • Transparent reporting is a way to foster dialogue with stakeholders and develop sustainability strategies (Gomez-Trujillo et al., 2020; Lu et al., 2021; Tsalis et al., 2020) | |
| • Stakeholder engagement enhances the environmental focus of retail companies (Naidoo and Gasparatos, 2018) | |
| • CSR activities positively impact societal well-being, by addressing community problems and the achievement of SDGs (Gunawan et al., 2020) | |
| • CSR and circular economy can tackle sustainability issues presented by stakeholders while increasing brand preference, employee loyalty and investor interest (Morea et al., 2021) | |
| • Islamic banking principles could offer valuable lessons for advancing SDGs (Jan et al., 2021) | |
| • Stakeholder engagement, including government, NGOs and local communities, contributes to collaboration, coordination and adoption of sustainability strategies in supply chains (Nayal et al., 2022) | |
| • Organisations that embrace collaborative strategies are better positioned to achieve sustainable outcomes (Khaled et al., 2021) | |
| • The sharing economy can contribute positively to SDGs, while there is a need for policies contrasting the negative effects of the collaborative economy (Gössling and Hall, 2019) | |
| 6. Corporate reporting practices | • Organisations based in nations highly susceptibletoclimatechange,highCSRlevels,investmentintertiaryeducation,permissive,egalitarian,short-term-focused,individualistic,withfewermarketcoordinationlawsandweakeremploymentprotectionreportmoreonSDGs (Rosati and Faria, 2019b) |
| • Larger companies tend to report more on SDGs, as well as those committed to UNGC and CDP (Rosati and Faria, 2019a; van der Waal and Thijssens, 2020) | |
| • There is a positive relationship between young board directors and SDG disclosure, and a weakly significant one between female participation in boards and SDG disclosure (Rosati and Faria, 2019a) | |
| • SDG disclosure is mainly driven by image considerations (Emma and Jennifer, 2021; Heras-Saizarbitoria et al., 2022; van der Waal and Thijssens, 2020) | |
| • In controversial sectors SDG reporting has a positive influence on firm performance (Emma and Jennifer, 2021) | |
| • There is a low quality of reporting (Heras-Saizarbitoria et al., 2022; Tsalis et al., 2020) | |
| • SDG reporting should be more regulated, follow the materiality guideline and include stakeholders (Heras-Saizarbitoria et al., 2022) | |
| • Need for substantive rather than symbolic reporting, which could be considered “SDG-washing” (Heras-Saizarbitoria et al., 2022; van Vuuren et al., 2015) | |
| • SDG reporting can be classified into conciliatory, stimulation, transparency and transformation. The latter two are the most effective in contributing to SDGs (Silva, 2021) | |
| • Sustainability reporting is a tool for accountability and transparency (Tsalis et al., 2020) | |
| • GRI guidelines integrated with SDGs aid reporting (Heras-Saizarbitoria et al., 2022; Tsalis et al., 2020) | |
| • SDGs may be implemented with education, information, innovation, implementation and monitoring (Gusmão Caiado et al., 2018) | |
| • A sustainability assessment could be made by using three modules: organisational module, criteria for sustainable manufacturing and criteria for a sustainable world (Moldavska and Welo, 2019) | |
| • Need for additional policies to drive substantive change (van Vuuren et al., 2015) |
| Cluster | Main findings |
|---|---|
| 1. Politics and policy in | • Influence of politics and critique of neoliberal policies and growth-driven strategies ( |
| • Need for better and tailored policies ( | |
| • Most policies are based on the concept of “weak sustainability” rather than “strong sustainability” ( | |
| • Broader sustainability knowledge, including community involvement and human perspectives ( | |
| • Interest of stakeholders in companies’ sustainability ( | |
| • The importance of businesses’ contribution to SDGs and the focus of research on companies’ strategies ( | |
| • Need for a better alignment between companies and SDGs ( | |
| • The importance of innovation and emerging technologies ( | |
| • Different countries’ cultures influence companies’ sustainability ( | |
| • Companies’ efforts are more symbolic than substantive, so there is a need for business model changes ( | |
| • Different solutions to address SDGs based on the industry ( | |
| • Possibility to measure SDGs through | |
| 2. Innovation, technology and entrepreneurship | • Country technology and innovation are not drivers for |
| • Innovation is paramount to achieving SDGs and can foster cross-sector collaboration ( | |
| • Multilateral cooperation, fair relationships and knowledge sharing in a supply chain foster green innovation ( | |
| • Intellectual capital is central to shaping innovative decisions to address sustainability ( | |
| • The sustainable energy transition is central to achieving all SDGs ( | |
| • Sharing platforms may have a positive effect on SDGs, while collaborative platforms could be detrimental to SDGs ( | |
| • Entrepreneurship is a driver to achieving SDGs ( | |
| • Horizontal and vertical collaborative entrepreneurship is a driver to address SDGs ( | |
| • Values of companies and employees can help engage in SDGs ( | |
| 3. Transforming business models for sustainability | • Need for business models that integrate sustainability in their core ( |
| • Profitability, environmental policies and stakeholder pressure are the main drivers of adopting sustainability strategies ( | |
| • Sustainability must be seen by companies as directed change ( | |
| • Circular economy practices are effective tools for achieving several SDGs ( | |
| • Companies are recognising the importance of environmental sustainability ( | |
| • Renewable energy, securitisation and fair distribution of energy are fundamental to reach sustainability ( | |
| • Need for an integrated approach, considering there could be no trade-off between different SDGs ( | |
| • Need for a change in the managerial approach, going beyond market-driven strategies ( | |
| • Robust policy frameworks to mitigate the negative impacts of positive actions for SDGs must be in place ( | |
| 4. Sustainable operations and supply chains | • Integrating |
| • Companies can enhance sustainability through transparency and transformation strategies ( | |
| • Intellectual capital drives internal operations’ sustainability ( | |
| • The main retail sector strategies include energy management, | |
| • Sustainable manufacturing should be based on six paradigms: capability development for environmental management, lean practices and environmental management, environmental management and firm performance, integrating lean and green practices, green supply chain management and sustainability ( | |
| • Corporate sustainability should be assessed by following criteria for sustainable manufacturing and a sustainable world, based on SDGs ( | |
| • Green practices in firms boost supply chain green practices ( | |
| • Logisticserviceprovidersarekeyforgreensupplychains( | |
| • To achieve SDGs in the fashion industry, the following practices are paramount: sustainable fashion supply chain management, sustainable design, sustainable dyeing, sustainable production, sustainable retailing and consumption, sustainable sourcing, reverse activities and closed-loop supply chain and life cycle assessment ( | |
| • Open innovation and multilateral collaboration in supply chains are paramount for sustainability ( | |
| 5. Stakeholder engagement and competitive advantage | • There is a positive relationship between sustainability and company reputation across stakeholders ( |
| • Including stakeholders in | |
| • Transparent reporting is a way to foster dialogue with stakeholders and develop sustainability strategies ( | |
| • Stakeholder engagement enhances the environmental focus of retail companies ( | |
| • | |
| • | |
| • Islamic banking principles could offer valuable lessons for advancing SDGs ( | |
| • Stakeholder engagement, including government, NGOs and local communities, contributes to collaboration, coordination and adoption of sustainability strategies in supply chains ( | |
| • Organisations that embrace collaborative strategies are better positioned to achieve sustainable outcomes ( | |
| • The sharing economy can contribute positively to SDGs, while there is a need for policies contrasting the negative effects of the collaborative economy ( | |
| 6. Corporate reporting practices | • Organisations based in nations highly susceptibletoclimatechange,highCSRlevels,investmentintertiaryeducation,permissive,egalitarian,short-term-focused,individualistic,withfewermarketcoordinationlawsandweakeremploymentprotectionreportmoreonSDGs ( |
| • Larger companies tend to report more on SDGs, as well as those committed to | |
| • There is a positive relationship between young board directors and | |
| • | |
| • In controversial sectors | |
| • There is a low quality of reporting ( | |
| • | |
| • Need for substantive rather than symbolic reporting, which could be considered “SDG-washing” ( | |
| • | |
| • Sustainability reporting is a tool for accountability and transparency ( | |
| • | |
| • SDGs may be implemented with education, information, innovation, implementation and monitoring ( | |
| • A sustainability assessment could be made by using three modules: organisational module, criteria for sustainable manufacturing and criteria for a sustainable world ( | |
| • Need for additional policies to drive substantive change ( |
Cluster 1: Politics and policy in Sustainable Development Goal integration
This cluster highlights the critical role of politics and policy in shaping enterprising strategies for SDG integration, advocating for a shift from growth-centric approaches to more inclusive, holistic frameworks (Hall, 2019). Strong sustainability, which prioritises preserving natural capital as non-substitutable, is emphasised over weak sustainability, which assumes technological progress can offset environmental degradation. Achieving effective SDG integration requires tailored policies, active stakeholder engagement and innovative practices that respect ecological boundaries and leverage emerging technologies. These efforts, shaped by internal strategic visions and external pressures, enable firms to contribute meaningfully to sustainable development (Bhatt et al., 2020; Bogers et al., 2020; Centobelli et al., 2020; Mio et al., 2020; Monteiro et al., 2019; Pizzi et al., 2020a, 2020b; Tost et al., 2018).
Cluster 2: Innovation, technology and entrepreneurship
This cluster examines the roles of innovation, emerging technologies and entrepreneurship in advancing SDGs. Key themes include open innovation and collaboration (Bogers et al., 2020), knowledge sharing and fairness in supply chains (Zhou et al., 2020) and the influence of intellectual capital on sustainable business models (Alvino et al., 2021). Challenges and opportunities in the sharing economy (Gössling and Hall, 2019) and the importance of fostering an organisational culture conducive to entrepreneurial action are also explored (Fleming et al., 2017; Horne et al., 2020).
Cluster 3: Transforming business models for sustainability
This cluster underscores the need for businesses to embed SDGs into their core strategies by transforming their models. Scholars critique the limitations of current sustainability efforts and call for more comprehensive hierarchies of sustainable business models (Bocken and Short, 2021). Themes include sustainability assessments, circular economy practices (Moldavska and Welo, 2019; Schroeder et al., 2019) and renewable energy’s role in green economic recovery (Ali Shah et al., 2021). Policy interventions and foreign direct investment are identified as critical enablers, while integrated approaches to sustainability are emphasised (Van Vuuren et al., 2015; Hall, 2019).
Cluster 4: Sustainable operations and supply chains
This cluster focuses on improving corporate sustainability through internal operations and supply chains. Effective reporting and assessments (Tsalis et al., 2020; Moldavska and Welo, 2019), transparency (Silva, 2021) and intellectual capital (Alvino et al., 2021) are key drivers. Sustainable practices in supply chains, such as green sourcing (Centobelli et al., 2020; Naidoo and Gasparatos, 2018), solutions for the fashion industry (Cai and Choi, 2020) and collaborative innovation (Bogers et al., 2020; Zhou et al., 2020), are highlighted as pivotal for achieving sustainability.
Cluster 5: Stakeholder engagement and competitive advantage
This cluster examines the role of stakeholder engagement in aligning sustainability with financial performance and corporate reputation (Gomez-Trujillo et al., 2020). Models of shared value creation (Lu et al., 2021), transparent reporting (Tsalis et al., 2020) and community-focused CSR practices (Gunawan et al., 2020) reinforce SDG efforts. Integrating circular economy principles is seen as a competitive advantage that aligns with stakeholder expectations (Morea et al., 2021). In addition, Islamic banking principles offer ethical governance models (Jan et al., 2021), and collaborative strategies in supply chains and the sharing economy play a critical role (Gössling and Hall, 2019; Nayal et al., 2022).
Cluster 6: Corporate reporting practices
This cluster highlights corporate reporting practices in SDG adoption, with larger firms and those in climate-vulnerable regions showing higher reporting rates (Rosati and Faria, 2019a, 2019b). However, many reports are criticised as symbolic rather than substantive (van der Waal and Thijssens, 2020), and concerns about report quality persist (Heras-Saizarbitoria et al., 2022; Tsalis et al., 2020). Improved reporting frameworks are needed, emphasising transparency, collaboration and rigorous evaluation mechanisms (Gusmão Caiado et al., 2018; Moldavska and Welo, 2019; Tsalis et al., 2020).
Discussion
The framework presented in Figure 9 synthesises the main thematic clusters from the bibliometric analysis and offers a theoretically grounded model for understanding how SDGs are embedded within enterprising strategies. It advances a more relational and adaptive account of enterprise transformation in response to the SDG agenda. Rather than locating sustainability solely within the remit of business, the framework highlights the mutual dependence of organisations, institutional contexts and stakeholders. The bidirectional relationships within the model reflect the recursive nature of SDG implementation, wherein firms are both influenced by and exert influence on their external environments. Three theoretical lenses, institutional, stakeholder and legitimacy, jointly inform the patterns identified in the review. Institutional structures establish the formal and informal parameters within which organisations act; stakeholders introduce claims and expectations that influence strategic direction; and legitimacy serves both as a normative objective and as a mechanism through which organisational actions are rationalised and evaluated.
The diagram presents three boxes representing institutional, stakeholder, and company roles in sustainability strategies. The box for the institutional role is at the top left and includes bullet points such as shifting from neoliberal policies, enhancing corporate innovation, and encouraging entrepreneurship. The box for the stakeholders' role is positioned at the top right and outlines points like consumer preference for sustainability and cooperation among non-governmental organisations, academic institutions, and companies. Positioned below both is the companies role box, which includes developing broad sustainability strategies, fostering innovation, and adopting collaborative approaches. Arrows connect the three boxes, illustrating interaction and influence among institutions, stakeholders, and companies.Model for the process of SDG embedding in companies’ strategies
Source: Authors’ own work
The diagram presents three boxes representing institutional, stakeholder, and company roles in sustainability strategies. The box for the institutional role is at the top left and includes bullet points such as shifting from neoliberal policies, enhancing corporate innovation, and encouraging entrepreneurship. The box for the stakeholders' role is positioned at the top right and outlines points like consumer preference for sustainability and cooperation among non-governmental organisations, academic institutions, and companies. Positioned below both is the companies role box, which includes developing broad sustainability strategies, fostering innovation, and adopting collaborative approaches. Arrows connect the three boxes, illustrating interaction and influence among institutions, stakeholders, and companies.Model for the process of SDG embedding in companies’ strategies
Source: Authors’ own work
Institutional theory offers a foundation for explaining how organisations respond to external pressures, particularly from entities such as the United Nations and the European Union. Clusters in the review point to the institutionalisation of SDG practices, evident in standard-setting, disclosure requirements and regulatory frameworks. As Scott (2014) notes, institutional environments exert coercive, normative and cognitive pressures that guide organisational behaviour. Within this context, SDG-related convergence in corporate practice often stems not from deep commitment but from the pursuit of legitimacy and the need for predictability in a shared institutional field.
The prominence of cross-sector partnerships, community engagement and collaborative sustainability initiatives across multiple clusters reflects the relevance of stakeholder theory. Organisations increasingly co-develop SDG priorities with NGOs, academic institutions and local communities. This reflects Freeman’s (2010) perspective of firms as embedded in networks of stakeholder relationships, where responsiveness to diverse interests becomes a strategic necessity. The framework captures how stakeholder influence informs and reshapes enterprising strategies, particularly as these actors gain visibility in sustainability discourse.
Legitimacy theory provides further explanatory depth, clarifying why organisations engage not only in SDG-aligned practices but also in the construction of narratives that affirm their legitimacy in the eyes of both institutional gatekeepers and the public. Clusters concerned with sustainability reporting, impact metrics and strategic communication suggest that legitimacy is not a passive consequence of compliance but an actively pursued outcome. As Silva and Figueiredo (2020) argue, organisations mobilise sustainability narratives to maintain moral and cognitive legitimacy within their operational spheres. In this light, SDG engagement is not solely about fulfilling obligations but also about managing perception and signalling alignment with evolving societal values.
The systematic review also reveals key contextual enablers that shape enterprise engagement with the SDGs. Research across clusters one and six highlights the role of governments and institutions in facilitating or constraining sustainability transitions. These actors are not merely external forces but constitute institutional structures that define the normative and regulatory context in which firms operate. From the perspective of institutional theory, state and supranational bodies exert coercive and normative pressures that move organisations away from market-driven, neoliberal approaches towards more inclusive, stakeholder-oriented models (Hall, 2019; Monteiro et al., 2019). This shift is particularly evident in contexts where sector or country-specific policies promote what Tost et al. (2018) term “strong sustainability”, involving a balance of economic, social and environmental objectives, even when it requires foregoing short-term gains. Such institutional arrangements are essential for redirecting firm behaviour towards long-term sustainability goals.
Clusters two and three emphasise the importance of innovation and entrepreneurship in advancing the SDGs. Although some evidence suggests that country-level innovation does not directly influence SDG reporting (Rosati and Faria, 2019b), broader findings support the relevance of institutional entrepreneurship, organisational actors who mobilise resources to initiate change within institutional settings. This aligns with Scott’s (2014) account of institutional dynamism, where strategic agency can reshape prevailing norms and expectations. Government initiatives, regulatory frameworks and targeted incentives help mitigate the risks of disruptive business models emerging from the sharing economy (Aust et al., 2020; Gössling and Hall, 2019). These clusters also point to stakeholder-inclusive innovation systems in which public and private actors co-develop sustainability solutions through subsidies, start-up hubs and collaborative funding. This convergence reflects both institutional and stakeholder enablers of SDG-oriented entrepreneurship.
Cluster four shifts attention to internal organisational processes, especially operations and supply chains. While institutional incentives and penalties influence firm behaviour, this cluster also shows how stakeholder engagement becomes embedded in daily routines and decision-making. In line with stakeholder theory, NGOs and local communities act not only as external advocates but as active participants in shaping strategy (Nayal et al., 2022). Adoption of circular and sharing economy models (Ali Shah et al., 2021; Bocken and Short, 2021; Schroeder et al., 2019) points to a deeper orientation where sustainability is integrated into value creation rather than addressed through peripheral reporting. While transparency and transformative approaches are widely applicable, tailoring strategies to sector-specific challenges ensures more targeted and effective outcomes (Centobelli et al., 2020; Moldavska and Welo, 2019; Naidoo and Gasparatos, 2018; Silva, 2021).
Cluster five frames’ stakeholders as both constraints and resources, emphasising their dual influence on enterprising behaviour. Rising public concern for socio-environmental goals contributes to growing demands for moral legitimacy, the perception that firms are acting appropriately within societal norms (Silva and Figueiredo, 2020). Legitimacy theory helps explain why organisations increasingly align with stakeholder values: to maintain trust and credibility with customers, employees and civil society (Fleming et al., 2017; Gosselt et al., 2019; Hall, 2019; Pizzi et al., 2020a, 2020b). Employee expectations shape governance and internal practices, while collaboration with academia and NGOs contributes to co-created sustainability solutions, such as shared consumption platforms (Ethical Consumer Research Association Ltd, 2024; Gössling and Hall, 2019). These dynamics suggest that legitimacy is actively constructed through ongoing stakeholder interaction and not passively granted (Gunawan et al., 2020; Khaled et al., 2021; Lu et al., 2021; Nayal et al., 2022). Collaborative entrepreneurship and supply chain partnerships enhance these efforts, promoting broader systemic impacts (Alvino et al., 2021; Schaltegger et al., 2018; Tost et al., 2018).
Finally, cluster six returns to the relevance of transparent governance and inclusive reporting as mechanisms for institutionalising legitimacy. The adoption of frameworks such as the Global Reporting Initiative and efforts to diversify board composition illustrate how firms seek to secure legitimacy across multiple audiences (Heras-Saizarbitoria et al., 2022; Rosati and Faria, 2019b; Tsalis et al., 2020). In this setting, legitimacy theory provides a compelling account of how organisations respond to shifting societal expectations by adapting their structures and disclosures. The combination of governance innovation and sustainability performance supports long-term value creation, indicating that legitimacy is not only reputational but also strategic.
Building on the integrative framework and thematic synthesis, the following propositions are advanced to theorise the mechanisms through which institutional pressures, stakeholder relationships and legitimacy concerns shape enterprise engagement with the SDGs:
The presence of coercive and normative pressures from institutional actors (e.g. governments, the UN, EU) increases the likelihood that firms will adopt SDG-aligned practices, regardless of internal commitment to sustainability.
Firms operating in countries with sector-specific sustainability regulations or strong policy frameworks (e.g. policies promoting “strong sustainability”) are more likely to internalise SDG-related objectives into core strategies.
Institutional entrepreneurship, supported by innovation-friendly public policy, enhances a firm’s capacity to reshape sustainability norms within its sector.
Firms that actively engage with diverse stakeholder groups − including NGOs, academia and local communities − are more likely to co-create and implement inclusive SDG strategies.
Stakeholder salience positively moderates the relationship between institutional pressure and SDG adoption, such that firms facing both strong institutional mandates and high stakeholder expectations are more likely to integrate SDG goals into their operational practices.
Firms embedded in stakeholder-inclusive innovation ecosystems are more likely to develop novel sustainability-oriented business models than firms operating in isolated or investor-centric environments.
Firms that adopt transparent reporting frameworks (e.g. GRI) and diversify governance structures (e.g. board composition) are more likely to secure moral and cognitive legitimacy in their institutional environments.
Organisations strategically use sustainability narratives to reinforce legitimacy among stakeholders, particularly when operating under conditions of reputational scrutiny or evolving societal expectations.
Stakeholder-driven expectations regarding environmental and social performance contribute to the construction of legitimacy as an active organisational process rather than a passive outcome of compliance.
Firms that align SDG strategies with institutional norms, stakeholder priorities and legitimacy goals are more likely to achieve sustained performance outcomes than those that treat sustainability as peripheral to core business operations.
The recursive interaction between organisational strategies and external institutional or stakeholder environments leads to adaptive SDG practices that evolve over time rather than follow a linear path.
Reflections on a future research agenda
The present review identifies interrelated avenues for advancing scholarship on SDG integration in enterprising strategies. These are grounded in conceptual and empirical gaps identified through the synthesis of bibliometric clusters and systematic literature.
Firstly, future research should prioritise longitudinal, context-sensitive studies that examine how firms internalise and adapt SDG strategies over time. Current work remains overly reliant on cross-sectional designs and disproportionately focused on Western contexts. Studies situated in the Global South, such as analyses of regulatory change in Nigeria’s oil sector or institutional support for rural enterprises in India could offer new insight into how firms respond to evolving policy, investment and stakeholder pressures. Mixed-method longitudinal designs incorporating panel data, process tracing and stakeholder interviews are particularly well-suited to capturing these dynamics.
Secondly, although technologies such as artificial intelligence, blockchain and Internet of Things (IoT) are frequently cited as SDG enablers, little is known about how their effectiveness is mediated by behavioural and organisational conditions. Future research should investigate how employee engagement, consumer trust and organisational learning shape technological outcomes in sustainability contexts (Nayal et al., 2022). Empirical work on blockchain traceability in Congolese mining or IoT applications in Amazonian deforestation monitoring could yield practical insight. Simultaneously, comparative studies of entrepreneurial ecosystems, such as India’s off-grid energy ventures or township micro-enterprise hubs in South Africa can illuminate how institutional support influences SDG-oriented innovation (Lu et al., 2021; Bogers et al., 2020; Dabić et al., 2022).
Thirdly, there is a need to examine how informal governance structures and socio-cultural institutions shape business model innovation for sustainability. Traditional and indigenous systems, such as communal resource management in the Andes or youth-led networks in East Africa may offer underexplored mechanisms for embedding SDG commitments. Furthermore, studies comparing “strong” and “weak” sustainability logics across industries, including Ghana’s gold mining and Bangladesh’s textile sectors, could clarify when and how ecological priorities are reconciled with economic objectives (Tost et al., 2018; Mensah et al., 2021). Ethnographic and comparative longitudinal methods are particularly apt for tracing such dynamics.
Fourthly, more attention is needed on how supply chains function as platforms for SDG delivery. Research should explore how firms co-create sustainability with suppliers, intermediaries and logistics providers, especially in fragmented or transnational supply chains (Cai and Choi, 2020). In West Africa’s cocoa industry, firms must navigate ethical imperatives such as child labour while ensuring commercial viability (Nyantakyi-Frimpong, 2020). In South Asia’s garment sector, studies might assess how multinationals promote compliance through incentives and capacity building. Tracing sustainability practice diffusion across supply chain tiers could reveal critical inter-organisational mechanisms.
Fifthly, stakeholder engagement remains under-theorised as a driver of strategic change and competitive advantage. There is scope for deeper inquiry into participatory and collaborative CSR practices, especially where informal authority and hybrid governance shape legitimacy. Participatory governance in Colombia’s reforestation efforts and chieftaincy involvement in West African extractives offer compelling contexts (Vanegas-Cubillos et al., 2022). Future research should examine how stakeholder inclusion interacts with institutional complexity and legitimacy strategies, with configurational methods well-suited to revealing context-specific engagement pathways.
Finally, the expansion of SDG reporting has outpaced rigorous evaluation of its organisational impact. The field remains largely descriptive, with limited insight into how disclosures affect investor behaviour, firm valuation or risk (Mio et al., 2020). Future studies should examine whether reporting influences outcomes such as cost of capital, ESG financing access or reputational performance. Emerging markets where institutional and financial constraints are more pronounced offer valuable empirical settings (Emma and Jennifer, 2021). Content analysis, text mining and fsQCA can uncover patterns in disclosure quality and governance configurations. Moreover, the role of third-party verification in strengthening trust and mitigating greenwashing warrants further scrutiny. In contexts such as Vietnam and Ethiopia, sustainability-linked bonds merit investigation for their capacity to align growth with SDG goals. Research should also assess how microfinance institutions in South Asia and Latin America embed SDG criteria in lending, and whether third-party mechanisms enhance reporting credibility (Sarfo et al., 2024).
Conclusion
The exponential growth of scholarly interest in SDGs underscores their importance, yet achieving these global objectives remains a persistent challenge. This study seeks to advance understanding by offering an intellectual framework for SDG research in management and presenting a model that elucidates the mechanisms of SDG integration into enterprising strategies. The bibliometric and co-citation analyses conducted reveal the intellectual structure of SDG research, identifying key themes, influential works and emerging clusters within the field. The proposed model extends institutional, stakeholder and legitimacy theories by detailing how institutions and stakeholders shape enterprising decision-making. This integration enhances the theoretical understanding of the interconnected dynamics underlying SDG adoption across organisational contexts.
From a practical perspective, the framework provides actionable insights for companies aiming to integrate SDGs into their strategic planning and operations. By understanding the mechanisms and stakeholder dynamics identified in the model, managers can align sustainability efforts with global SDG objectives, enhancing both organisational impact and long-term competitiveness. For policymakers, the model serves as a tool to design targeted policies that encourage private-sector contributions to SDGs. It also highlights the potential for public−private partnerships to bridge gaps between corporate initiatives and broader public goals, fostering collaborative approaches to sustainability. Other stakeholders, including NGOs, academia and civil society, can use the framework to clarify their influence on enterprising contributions to SDGs. By delineating the roles and interactions of diverse actors, the model empowers stakeholders to engage strategically in advancing sustainability initiatives and fostering collective impact.
Despite its comprehensive findings, this study has limitations that highlight opportunities for further exploration. The reliance on the Scopus database and journals listed in the ABS Academic Journal Guide may have excluded contributions from newer or unranked journals, including those led by sustainability experts. Moreover, the absence of industry reports and unpublished studies limits the incorporation of practical, innovative perspectives, potentially narrowing the scope of analysis (Vinayavekhin et al., 2023).

