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Manuscript received June 4, 2025; accepted July 1, 2025; published July 21 2025.
Abstract—Through qualitative interviews with eight owners and managers, this research explores Environmental, Social, and Governance (ESG) practices in Macau's Small and Medium-sized Enterprises (SMEs) restaurants. Key findings reveal that government regulations often drive environmental initiatives like reducing plastic use and improving food management. Social responsibility is less emphasised, with limited collaboration on charitable efforts due to financial constraints. Governance practices include electronic workflows and risk management, focusing on operational efficiency instead of attracting investors. The study highlights that cost-savings and operational efficiency are primary drivers for ESG implementation in SME restaurants rather than investor interest or consumer trust.
Keywords—Environmental, Social, and Governance (ESG) practices, Small and Medium-sized Enterprises (SMEs), restaurants
Cite: Wai Man Fong and Jenny O. L. Phillips, "ESG Practices in Macau’s Small to Medium-Sized Restaurants," International Journal of Trade, Economics and Finance, vol.16, no.2, pp. 145-151, 2025.
Copyright © 2025 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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