How Corporate Social Responsibility Translates Into The Sustainable Development Goals In Mongolia

Challenges And Future Prospects

Survey prepared by the Corporate Governance Development Center of Mongolia.

This survey was prepared by the Mongolian Corporate Governance Development Center (CGDC) on behalf of Konrad Adenauer Stiftung Mongolia (KAS). The publication aims at outlining the state of the art of Corporate Social Responsibility (CSR)/responsible/sustainable business in Mongolia as well as future prospects of Mongolian companies’ contribution to the Sustainable Development Goals (SDGs, or Global Goals, as they are also called). It is focused on the perspective of business in order to shed light on a stakeholder group that is considered to be crucial for spreading ideas of sustainable living and to break them down from the global arena to country level. Against this background, it shall help spreading knowledge among stakeholders from politics, state administration, business and civil society and foster dialogue on the prospects and challenges of sustainable development and sustainable business in particular. It shall also help deepening the exchange of ideas on that matter and to promote better understanding of the benefits of an economic system that brings welfare to all parts of society in a sustainable way and that is based on lived commitments and commonly shared core principles of responsible conduct. The survey finds that:

  • Globally, there is an increasing understanding of the benefits responsible business is offering to company and that CSR “pays off”. More and more companies want to contribute to achieving the SDGs in their countries and beyond but feel a need for stronger guidance about day-to-day business implications of the individual SDGs. Awareness-raising and support for their efforts by politics, civil society, consumers and the general public are described as additional factors that shape individual companies’ commitment and ability to invest into more responsible and sustainable business. Dialogue and communication within and beyond company borders is seen as essential for trust-building – A precondition of transparent and honest exchange of ideas, concerns and joint solutions to the benefit of all.
  • In Mongolia, companies have a relatively broad understanding of what CSR/responsible/sustainable business means in general and in relation to their own business. Implementing and managing corresponding measures is still evolving and in the opinion of company representatives requires better financial and non-financial support by politics and state administration, as well as by costumers and the general public. There is limited knowledge about the SDGs, meanwhile, companies see good opportunities and reasons to participate in achieving the Global Goals, provided that their efforts meet acknowledgment and support.
  • Compared to global trends, Mongolian companies agree that there is a stronger need for cooperation, exchange of ideas and trust-building, both in and among business and politics. At the same time, Mongolian companies rather tend to limit the role of their employees to implementing tasks and not to be a stakeholder group that might be an important actor on the way to sustainable business.