Aligning Sustainable Development Goals with Human Rights: Policy Integration and Implementation in European Companies

Abstract

Abstract The study aims to evaluate the integration of Sustainable Development Goals (SDGs) and specific policies related to human rights, within listed European Union companies. The investigation builds upon the existing literature that examines the behavioral patterns of different nations in relation to these objectives and policies that exist to mitigate the problematic areas within the country. The literature employs a variety of indicators, collectively reflecting the specific targets of the SDGs and policies related to human rights. We conducted a quantitative analysis using data extracted from the Refinitiv Eikon database, providing a representative snapshot of the corporate landscape in 2022. Through this dataset, we delve into the dynamics of European Union companies and their implementation of SDGs and policies related to human rights. The study involves a statistical analysis of the applicability of these goals and policies between companies, taking into account not only the industry-specific nuances, but also the country-specific dimensions. The paper represents a valuable contribution to the academic discourse by providing evidence regarding the implementation of SDGs and policies related to human rights in the context of the 2030 Agenda of the United Nations. Furthermore, the study places emphasis on the exemplary initiatives taken by top-contributing companies in nations such as Sweden, aiming to sketch a model for entities that are yet to reach comparable levels of commitment. Beyond its scholarly significance, this analysis serves as a practical benchmark for companies aspiring to fortify their commitment to human rights-related goals. Ultimately, this research aims to propel a paradigm shift in corporate practices, steering them toward a more harmonious alignment with the crucial imperatives of the 2030 Agenda.