Sustainability Management in Multinational Companies: Integrating Varied Development Challenges – Shinji Hasegawa

Sustainability Management in Multinational Companies: Integrating Varied Development Challenges – Shinji Hasegawa

Abstract

This chapter explores the role of multinational companies (MNCs) in advancing the Sustainable Development Goals (SDGs) through localized strategies and innovative sustainability management. The SDGs, a global framework with 17 goals and 169 targets, require addressing the complex interconnections among environmental, social, and economic dimensions. MNCs that leverage their resources, global reach, and technological expertise are key actors in minimizing trade-offs and maximizing synergies among these goals. This chapter emphasizes the importance of circular economy models and region-specific approaches, such as the French concept of “terroir,” which integrates natural, cultural, and social resources to create sustainable solutions. This highlights how MNCs can adapt to local contexts, mitigate the “liability of outsidership,” and foster collaboration with regional stakeholders. By aligning global strategies with local needs, MNCs can contribute to regional revitalization and broader sustainability goals. Despite challenges such as balancing global and local priorities and addressing negative spillovers, this chapter argues that MNCs have a unique opportunity to link local initiatives with global frameworks. By developing scalable and sustainable models, MNCs can play a transformative role in achieving the SDGs and significantly impact sustainable development worldwide.

Sustainability Management in Multinational Companies: Integrating Varied Development Challenges | Springer Nature Link