Sustainability strategies: A proposal for food sector SMEs, based on the integration of life cycle assessment and ESG strategies

Jhon Pinedo-López, Rubén Baena-Navarro, Yulieth Carriazo-Regino, Adriana Urrea-Ortiz, Diana Reyes-Guevara

Article ID: 8934
Vol 8, Issue 12, 2024

VIEWS - 40 (Abstract) 4 (PDF)

Abstract


The significant climate change the planet has faced in recent decades has prompted global leaders, policymakers, business leaders, environmentalists, academics, and scientists from around the world to unite their efforts since 1987 around sustainable development. This development not only promotes economic sustainability but also environmental, social, and corporate sustainability, where clean production, responsible consumption, and sustainable infrastructures prevail. In this context, the present article aims to propose a development framework for sustainability in food sector SMEs, which includes Life Cycle Assessment (LCA) and the integration of Environmental, Social, and Governance (ESG) strategies as key elements to reduce CO2 emissions and improve operational efficiency. The methodology includes a comparative analysis of strategies implemented between 2019 and 2023, supported by quantitative data showing a 20% reduction in operating costs, a 10% increase in market share, and a 25% increase in productivity for companies that adopted clean technologies. This study offers a significant contribution to the field of corporate sustainability, providing a model that is adaptable and applicable across different regions, enhancing innovation and business resilience in a global context that requires collective efforts to achieve the sustainable development goals.


Keywords


sustainability; SMEs; life cycle assessment; ESG; clean technologies; competitiveness; CO2 emissions

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