Intellectual Capital For Enhancing Sustainable Development Goal (SDG)

Abstract

Intellectual Capital (IC) has been crucial in fostering long-term growth, enhancing competitiveness, and ensuring the durability of organisations, so enhancing the welfare of individuals and bolstering economic performance. The Sustainable Development Goals (SDGs) of the United Nations are an attempt to take a holistic approach to the many aspects of sustainable development, such as people, planet, prosperity, peace, and collaboration, these goals were established in 2015. These goals address one of the most pressing concerns of our day. The industrial sector faces significant difficulties in implementing a sustainable strategy to resolving development challenges by achieving the Sustainable Development Goals (SDGs). Sustainable Development Goal 9 (SDG 9) is based on three interrelated pillars: infrastructure, industry, and innovation. These pillars are closely interwoven and have the shared objective of attaining socially equitable and ecologically sustainable economic development. The global community may derive inclusive and sustainable industrial growth, which has a consequential effect on all other SDGs, by embracing SDG 9 and its associated objectives. From a strategic standpoint, Intellectual Capital (IC) is primarily examined as a collection of intangible assets that generate value. These assets represent a crucial set of resources that are essential for maintaining a competitive advantage, which is vital for long-term viability and promoting societal well-being and economic development, in alignment with the Sustainable Development Goals (SDGs). Although there have been several research investigating the connections between IC (information and communication) and sustainability, a significant deficiency arises about the impact of IC on the attainment of SDGs (Sustainable Development Goals) in particular or related objectives. The purpose of this article is to study how the characteristics of the IC may support the 2030 Agenda for Sustainable Development, namely the sustainable and creative growth of organisations through the adoption of Goal 9 and the goals linked with it. This research adds to the existing body of knowledge on intellectual capital (IC) as a catalyst for achieving sustainable development goals (SDGs). Specifically, it provides opportunities for further investigation into enhancing capacities to address developmental obstacles, including various participants, interested parties, industries, and areas.