Role of the Private Sector in Sustainable Development

Juan Diaz-Granados, Benedict Sheehy

Research output: A Conference proceeding or a Chapter in BookEntry for encyclopedia/dictionarypeer-review


The expression “role of the private sector in sustainable development” refers to the role of for-profit organizations in the creation, adoption, development, and execution of public policies that promote environmental, social, and economic aims. The private sector has a critical role in sustainable development in general and the United Nations’ Sustainable Development Goals (SDGs) in particular (UN General Assembly 2015). Arguments in support the active role of the private sector in sustainable development include the improvement of innovation and technology, the provision of resources and jobs, the adoption of sustainable business models, the significance of the private sector in addressing environmental issues, and the capability, know-how, leadership.
Original languageEnglish
Title of host publicationEncyclopedia of Sustainable Management
EditorsSamuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu
Number of pages6
ISBN (Electronic)9783030020064
Publication statusPublished - Nov 2023


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