Title: Sustainable development goals in Latin America: a mechanism that improves financial performance

Authors: Manuela Echeverri-Pimienta; Santiago Valencia-Herrera; Diego Andrés Correa-Mejía

Addresses: Accounting Department, Faculty of Economics, University of Antioquia, Medellín, Colombia ' Accounting Department, Faculty of Economics, University of Antioquia, Medellín, Colombia ' Accounting Department, Faculty of Economics, University of Antioquia, Medellín, Colombia

Abstract: The sustainable development goals (SDGs) are intended for different organisations around the world to guide their actions towards the benefit of society and the sustainability of the planet. The purpose of the SDGs is for different organisations around the world to orient their actions and processes towards the benefit of society and the sustainability of the planet. The aim of this study is to determine the impact of prioritising the people-related SDGs on the financial performance of Latin American firms. The analysis was conducted based on corporate reports between 2016 and 2019 of 76 firms from Colombia, Chile, Mexico and Peru, which were analysed using a panel data methodology. The results of this research show that the commitment of the different firms to the SDGs associated with people generates a positive impact on financial performance. This paper develops a recent topic at global level and contributes to the existing literature, as it analyses the relationship between SDGs and financial performance in emerging economies, specifically in Latin America.

Keywords: sustainable development goals; SDGs; financial performance; corporate reports; corporate social responsibility.

DOI: 10.1504/IJSE.2022.125980

International Journal of Sustainable Economy, 2022 Vol.14 No.4, pp.331 - 348

Received: 02 Aug 2021
Accepted: 30 Aug 2021
Published online: 05 Oct 2022 *

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