The role of Sustainable Development Goals (SDGs) in guiding CSR and SMEs 2/2
The Bahrain experience is one of the pioneering experiences in supporting emerging institutions. Great efforts have been made to strengthen the entrepreneurial environment, encourage young people, women and retirees to pursue entrepreneurship and create local jobs, encourage emerging companies to innovate and diversify the national economy. The Kingdom’s efforts continue to strengthen its position as a center for emerging projects and a magnet for foreign investment.
The decision of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister, No. 06-2416 of 2017, for small and medium enterprises to obtain a 10 per cent advantage in government procurement and tenders and in service facilities within government entities is an important decision that will positively reflect the support and development of these Institutions and involve them in large vital projects, especially as they constitute about 98% of the total institutions in the Kingdom.
The decision issued by the Minister of Justice, Islamic Affairs and Endowments on the regulations governing the establishment of eighteen-year-old minors for commercial enterprises will contribute to the promotion of the entrepreneurial environment. In particular, the contribution of young Bahrainis up to 35 years of age and owning 34% Total GDP.
Here the role of small and medium-sized entrepreneurs to benefit from these benefits and facilities and at the same time contribute to the efforts of the Kingdom of Bahrain and the international community to achieve the goals of sustainable development.
However, when we monitor the status of many Bahraini businesses and try to evaluate the service or product in achieving some of the 17 goals of the sustainable development plan, we see that the road ahead is still long.
For example, private sector companies have paid much attention to diversity and inclusiveness in the past few years, but are still under increasing pressure to ensure equal treatment of employees and clients rather than simply recognizing their diversity as a priority in corporate social responsibility. The issue of socially and environmentally added value-added products through the adoption of green marketing principles, the provision of effective mechanisms to address existing social challenges and attempts to find solutions to them, as well as reliance on social marketing to promote responsible behaviors to reduce the environmental and social costs of consumption, Current and deserve special attention by institutions.
Population growth, associated land degradation and waste of resources are the most important challenge facing the Kingdom of Bahrain as a small island nation with scarce water resources and agricultural land, a threat to the sustainability of the coastal ecosystem and a threat to large investments in coastal installations. Here we need to see more engineering and real estate companies moving away from the interactive approach to a more proactive approach by committing to better urban and urban planning.
In addition, we need technology companies specialized in the adoption of green technologies such as clean production techniques, future agriculture and waste recycling, smart cities and others, which reduces the use of resources and reduce their degradation and resulting pollution, while increasing the quality of life.
With regard to educational projects, these projects can build quality education issues and support the education infrastructure by designing innovative and innovative curricula to ensure quality education.
Advisory firms also play a major role in the analysis of large data, policy-making, and forecasting of scenarios to monitor progress towards sustainability.
The establishment of projects commensurate with Bahrain’s needs, capacities and challenges and channeling investments to sectors of importance and impact is the best way to achieve sustainable development goals for 2030.
In conclusion, we hope that these institutions of different nature of their activities to achieve competitive performance and take into account the balance required between the objectives of the institution itself and between its objectives towards society.
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