Leadership and Agenda 2030 in the Context of Big Challenges: Sustainable Development Goals on the Agenda of the Most Powerful CEOs

Isabel-María García-Sánchez (), Davi-Jonatas Cunha-Araujo, Víctor Amor-Esteban and Saudi-Yulieth Enciso-Alfaro
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Isabel-María García-Sánchez: Departamento de Administración y Economía de la Empresa, Instituto Multidisciplinar de Empresa (IME), Universidad de Salamanca, 37007 Salamanca, Spain
Davi-Jonatas Cunha-Araujo: Centro de Ciências Sociais e Aplicadas (CCSA), Universidade Presbiteriana Mackenzie, São Paulo 01302907, Brazil
Víctor Amor-Esteban: Departamento de Estadística, Universidad de Salamanca, 37008 Salamanca, Spain
Saudi-Yulieth Enciso-Alfaro: Departamento de Administración y Economía de la Empresa, Instituto Multidisciplinar de Empresa (IME), Universidad de Salamanca, 37007 Salamanca, Spain

Administrative Sciences, 2024, vol. 14, issue 7, 1-18

Abstract: The sustainable development goals (SDGs) are a guide for caring for the planet, guaranteeing the fundamental rights of its inhabitants and shaping sustainable economic growth. In the current context, characterised by great challenges and geopolitical conflicts, the figure of the CEO is key to driving the necessary transformation of companies and the prioritisation of their commitment to the current challenges of the world we live in. In this regard, the aim of this paper is to deepen current knowledge on the role of CEO visionary leadership in shaping inclusive and sustainable business models aligned with the goals of the 2030 Agenda. For the period 2019–2022, we study the information reported by the top 3910 companies worldwide on their contributions to the SDGs and analyse whether these commitments are determined by the structural power of the CEO within these companies. The results obtained confirm previous arguments, contradicting some of the previous evidence. In this sense, our findings show that the information disclosed by companies in relation to projects aligned with the SDGs is positively associated with leadership figures who wield power that allows them to influence the agenda and decisions made by the board of directors. The influence of leaders is reinforced in scenarios where companies excel in sustainability performance.

Keywords: CEO power; SDG; 2030 Agenda; disclosure; sustainability (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2024
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