The integration of sustainable development goals into business strategies: evidence from the Johannesburg stock exchange top 100

The main of objective of this study was to identify factors influencing the integration of the Sustainable Development Goals (SDGs) into core business strategies and activities of the top 100 companies listed on the JSE for the period of 2018 to 2019. The study used one dependent variable (SDG integration) and five independent variables (company size, profitability, financial leverage, board size and mission/vision). To measure SDG integration, a dichotomous scale ranging from 0 and 1 was applied. A scale of 1 was allocated if SDGs are integrated into company strategies and business activities and 0 if there is no integration mentioned. The influence of company size, profitability, financial leverage, board size and mission statements on the integration of SDGs into strategies was investigated using random effect regression model. The findings showed that company size, board size and mentioning of sustainability in mission statements has a positive influence of SDG integration. Financial leverage and profitability were found not to have any significant influence on SDG reporting. The results of this study provided several important implications. Regulators, policy makers and sustainability advocates may gain further understanding into some of the factors that motivate firms to integrate SDGs into strategies. For various stakeholders, the findings suggested that stakeholders should seek ways to exert greater pressure on firms to not only disclose SDGs, but to integrate them in business strategies The study had some limitations, as it relied on a limited sample of only the top 100 firms listed on the JSE. The study period was only limited to 2018 and 2019 financial years. Due to these limitations, the researchers cannot claim that the results of the study are generalisable to all contexts. The study suggested future research to further explore how the board characteristics such as age, gender, education, and nationality influence the level of SDG integration. Furthermore, qualitative research was suggested to investigate the reasons that companies give for integrating SDGs into strategies, and the obstacles they face which could result in non-integration.Thesis (MA) -- Faculty of Business and Economic science, 202