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Multinational financial corporations and the sustainable development goals in developing countries

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  • Eduardo Ordonez-Ponce
  • Olaf Weber

Abstract

Multinational financial corporations are key to sustainability by implementing practices disclosed through sustainability reports. This is where research has been focused, leaving a gap concerning their sustainability foci on developing countries. This article studies the largest financial corporations from developed and emerging countries identifying the SDGs on which they focus in developing countries, the evolution of their contributions and differences in the SDGs, and where their focus is in the developing world. The largest multinational financial corporations were selected, their sustainability reports assessed, and mixed methods conducted finding that the foci of those from developed countries vary across SDGs, countries of origin, impacted developing countries, and since the launch of the SDGs. Findings highlight the SDGs on which financial corporations focus, with those from developed countries implementing more practices than those from emerging economies, and that the contributions of multinational financial corporations have not affected the progress of the SDGs.

Suggested Citation

  • Eduardo Ordonez-Ponce & Olaf Weber, 2022. "Multinational financial corporations and the sustainable development goals in developing countries," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 65(6), pages 975-1000, May.
    • Handle: RePEc:taf:jenpmg:v:65:y:2022:i:6:p:975-1000
    DOI: 10.1080/09640568.2022.2030684
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    Cited by:

    1. Eduardo Ordonez‐Ponce & David Talbot, 2023. "Multinational enterprises' sustainability practices and focus on developing countries: Contributions and unexpected results of SDG implementation," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(2), pages 201-232, March.
    2. Ubeda, Fernando & Mendez, Alvaro & Forcadell, Francisco Javier & López, Belén, 2024. "How socially sustainable multinational banks promote financial inclusion in developing countries," LSE Research Online Documents on Economics 124260, London School of Economics and Political Science, LSE Library.
    3. Andrea Bencsik, 2022. "Background on the Sustainability of Knowledge," Sustainability, MDPI, vol. 14(15), pages 1-17, August.

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