13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India
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Shefali Saluja
Abstract
Responsible and sustainable consumerism is everyone’s business in today’s world. No organization can ignore the environmental problems that impact us all in the face of growing worries over climate change and energy security. Micro, Small and medium-sized businesses (MSMEs) are crucial to the nation’s growth. Sustainable development may be attained through socially conscious businesses and innovative MSMEs led by entrepreneurs who follow 21st-century’s viewpoints and recommendations and produce new eco-friendly technology that could replenish natural resources. MSMEs can build the foundation for regional, national, and global sustainability initiatives. To successfully incorporate sustainability concepts and practices into their corporate cultures, MSMEs must understand the new opportunities and how they apply them. This chapter presents a rationale for implementing the principles of sustainable development and demonstrates how MSMEs may support it. It shows that it takes changing regulations and systemic changes in how financial markets and institutions function to fully realize the promise of MSMEs for the SDGs. This would ease the barriers that MSMEs must overcome to access financial resources and help turn informal MSMEs into formal ones. And this would have several far-reaching effects, opening more funding sources, boosting extra economic growth, and creating more job prospects.
Abstract
Responsible and sustainable consumerism is everyone’s business in today’s world. No organization can ignore the environmental problems that impact us all in the face of growing worries over climate change and energy security. Micro, Small and medium-sized businesses (MSMEs) are crucial to the nation’s growth. Sustainable development may be attained through socially conscious businesses and innovative MSMEs led by entrepreneurs who follow 21st-century’s viewpoints and recommendations and produce new eco-friendly technology that could replenish natural resources. MSMEs can build the foundation for regional, national, and global sustainability initiatives. To successfully incorporate sustainability concepts and practices into their corporate cultures, MSMEs must understand the new opportunities and how they apply them. This chapter presents a rationale for implementing the principles of sustainable development and demonstrates how MSMEs may support it. It shows that it takes changing regulations and systemic changes in how financial markets and institutions function to fully realize the promise of MSMEs for the SDGs. This would ease the barriers that MSMEs must overcome to access financial resources and help turn informal MSMEs into formal ones. And this would have several far-reaching effects, opening more funding sources, boosting extra economic growth, and creating more job prospects.
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
