Callenges in Preparing Sustainable Developmant Reports by Small and Medium-Sized Enterprises (SMEs) in Georgia:             A Comparative Analysis with Armenia and Azerbaijan

Levan Sabauri

Journal number 3 ∘ Levan Sabauri ∘
Callenges in Preparing Sustainable Developmant Reports by Small and Medium-Sized Enterprises (SMEs) in Georgia: A Comparative Analysis with Armenia and Azerbaijan

doi.org/10.52340/eab.2025.17.03.10

This article examines the role and significance of sustainable development reporting by small and medium-sized enterprises (SMEs) within the context of Georgia\'s economic reality. It evaluates how the principles of sustainable development and the associated reporting practices influence the operational strategies and long-term growth of SMEs. The study also presents a comparative analysis of practices and experiences in Armenia and Azerbaijan, offering insights into broader regional trends in economic and sustainable development. This comparison underscores the challenges and opportunities that arise when assessing these countries in relation to one another.
The research findings aim to improve the preparation of sustainable development reports by SMEs and highlight their essential contribution to advancing the region’s sustainable economic development.

Keywords: Corporate responsibility, environmental responsibility, economic efficiency, sustainable development, social responsibility.
JEL Codes: L26, M14, O13, Q56, R11

References:
• Angel Gurría. (2020, January 28). https://www.oecd-ilibrary.org/docserver/25aa3d56-en.pdf?expires=1731502485&id=id&accname=guest&checksum=58CA610A73189F9CEB45F84A82FC6A84. Retrieved from www.oecd-ilibrary.org.
• Gill, Indermit. (2024). WORLD DEVELOPMENT REPORT. World Bank Group. Washington: World Bank. doi:10.1596/978-1-4648-2078-6; 10.1596/978-1-4648-2097-7
• Group, W. B. (2024). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=AM. Retrieved from https://data.worldbank.org.
• Levan Sabauri. (2024, April 16). Internal Audit\'s Role in Supporting Sustainability Reporting. International Journal of Sustainable Development & Planning, 1981-1988.
• Levan Sabauri; Nadezhda Kvatashidze. (2023, December 31). Sustainability reporting issues. (E. a. Center, Ed.) Entrepreneurship and Sustainability Issues, pages 282-289.
• OECD. (2020, April 29). https://www.oecd.org/content/dam/oecd/ka/publications/reports/2019/12/access-to-green-finance-for-smes-in-georgia_29beb631/943e0535-ka.pdf. doi:10.1787/943e0535-ka
• statista. (2024). https://www.statista.com/statistics/440639/unemployment-rate-in-armenia/. Retrieved from https://www.statista.com.
• tradingeconomics. (2024). https://tradingeconomics.com/azerbaijan/unemployment-rate. Retrieved from https://tradingeconomics.com.
• TrendEconomy. (2024). https://trendeconomy.com/data/h2/Armenia/TOTAL. Retrieved from https://trendeconomy.com.
• TrendEconomy. (2024). https://trendeconomy.com/data/h2/Azerbaijan/TOTAL. Retrieved from https://trendeconomy.com.
• World Bank Group. (2023). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2023&locations=AZ&start=1991&view=chart. Retrieved from https://data.worldbank.org.
• საქართველოს ეკონომიკისა და მდგრადი განვითარების სამინისტრო. (2021). https://www.economy.ge/uploads/files/2017/ek__politika/sme_strategy/sme_development_strategy_2021_2025_.pdf. Retrieved from www.economy.ge.
• საქართველოს სტატისტიკის ეროვნული სამსახური. (2023). https://www.geostat.ge/ka/modules/categories/23/mtliani-shida-produkti-mshp. Retrieved from https://www.geostat.ge.
• საქართველოს სტატისტიკის ეროვნული სამსახური. (2023). https://www.geostat.ge/ka/modules/categories/683/dasakmeba-umushevroba. Retrieved from https://www.geostat.ge.
• საქართველოს სტატისტიკის ეროვნული სამსახური. (2024). https://www.geostat.ge/ka/modules/categories/765/sakonlit-sagareo-vachroba. Retrieved from https://www.geostat.ge.

Economics and Business Referential and Reviewed International Scientific-Analytical Journal of Ivane Javakhishvili Tbilisi State University, Faculty of Economics and Business

ISSN 1987-5789 ESSN 2587-5426 doi 10.52340	Journal number 3 ∘ Levan Sabauri ∘ Callenges in Preparing Sustainable Developmant Reports by Small and Medium-Sized Enterprises (SMEs) in Georgia: A Comparative Analysis with Armenia and Azerbaijan doi.org/10.52340/eab.2025.17.03.10 This article examines the role and significance of sustainable development reporting by small and medium-sized enterprises (SMEs) within the context of Georgia\'s economic reality. It evaluates how the principles of sustainable development and the associated reporting practices influence the operational strategies and long-term growth of SMEs. The study also presents a comparative analysis of practices and experiences in Armenia and Azerbaijan, offering insights into broader regional trends in economic and sustainable development. This comparison underscores the challenges and opportunities that arise when assessing these countries in relation to one another. The research findings aim to improve the preparation of sustainable development reports by SMEs and highlight their essential contribution to advancing the region’s sustainable economic development. Keywords: Corporate responsibility, environmental responsibility, economic efficiency, sustainable development, social responsibility. JEL Codes: L26, M14, O13, Q56, R11 References: • Angel Gurría. (2020, January 28). https://www.oecd-ilibrary.org/docserver/25aa3d56-en.pdf?expires=1731502485&id=id&accname=guest&checksum=58CA610A73189F9CEB45F84A82FC6A84. Retrieved from www.oecd-ilibrary.org. • Gill, Indermit. (2024). WORLD DEVELOPMENT REPORT. World Bank Group. Washington: World Bank. doi:10.1596/978-1-4648-2078-6; 10.1596/978-1-4648-2097-7 • Group, W. B. (2024). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=AM. Retrieved from https://data.worldbank.org. • Levan Sabauri. (2024, April 16). Internal Audit\'s Role in Supporting Sustainability Reporting. International Journal of Sustainable Development & Planning, 1981-1988. • Levan Sabauri; Nadezhda Kvatashidze. (2023, December 31). Sustainability reporting issues. (E. a. Center, Ed.) Entrepreneurship and Sustainability Issues, pages 282-289. • OECD. (2020, April 29). https://www.oecd.org/content/dam/oecd/ka/publications/reports/2019/12/access-to-green-finance-for-smes-in-georgia_29beb631/943e0535-ka.pdf. doi:10.1787/943e0535-ka • statista. (2024). https://www.statista.com/statistics/440639/unemployment-rate-in-armenia/. Retrieved from https://www.statista.com. • tradingeconomics. (2024). https://tradingeconomics.com/azerbaijan/unemployment-rate. Retrieved from https://tradingeconomics.com. • TrendEconomy. (2024). https://trendeconomy.com/data/h2/Armenia/TOTAL. Retrieved from https://trendeconomy.com. • TrendEconomy. (2024). https://trendeconomy.com/data/h2/Azerbaijan/TOTAL. Retrieved from https://trendeconomy.com. • World Bank Group. (2023). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2023&locations=AZ&start=1991&view=chart. Retrieved from https://data.worldbank.org. • საქართველოს ეკონომიკისა და მდგრადი განვითარების სამინისტრო. (2021). https://www.economy.ge/uploads/files/2017/ek__politika/sme_strategy/sme_development_strategy_2021_2025_.pdf. Retrieved from www.economy.ge. • საქართველოს სტატისტიკის ეროვნული სამსახური. (2023). https://www.geostat.ge/ka/modules/categories/23/mtliani-shida-produkti-mshp. Retrieved from https://www.geostat.ge. • საქართველოს სტატისტიკის ეროვნული სამსახური. (2023). https://www.geostat.ge/ka/modules/categories/683/dasakmeba-umushevroba. Retrieved from https://www.geostat.ge. • საქართველოს სტატისტიკის ეროვნული სამსახური. (2024). https://www.geostat.ge/ka/modules/categories/765/sakonlit-sagareo-vachroba. Retrieved from https://www.geostat.ge.