Sustainable Development Practices of Social Enterprises in Guangdong Hong Kong Macao Greater Bay Area: Basis for Strategic Plan

Abstract

This study employed quantitative analysis methods to comprehensively examine the sustainable development practices and challenges faced by social enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area in aspects of economy, society, environment and governance. The results present a panoramic view of the current state of sustainable development of social enterprises, and delve deeply into analyzing the key difficulties encountered in the development process, such as market environment pressures, multi-objective dilemmas, and uncertainty in the policy environment. The study indicates that although sample enterprises still have shortcomings in promoting sustainable products and services, they have laid the foundation for building economic sustainability. Meanwhile, the mechanisms for assessing and disclosing social impact urgently need to be strengthened. Companies demonstrate a high level of commitment to environmental protection, but there are still limitations in information transparency. Certain effectiveness has been achieved in corporate governance and fulfillment of social responsibilities. The study proposes proactive countermeasure suggestions in multiple dimensions including business transformation, management innovation and policy advocacy, to ensure the standing of social enterprises in market competition, and gradually optimize the external environment. This study elucidates the current state, influencing factors and strategic demands for the sustainable development of social enterprises, providing important reference for practitioners and policy makers.