Exploring Sustainability Practices in the Albanian Business Environment

This paper aim is to explore sustainability in business operations, with a particular emphasis on the Albanian context. This paper aimed to provide risk based insights into the environmental, economic, and social dimensions of sustainability, and to address how businesses can integrate sustainable practices into their operations. Key topics included circular economy activities, sustainability reporting (non-financial reports), risk management and the alignment of business practices with environmental standards. The paper is based on a mixed method approach, combining qualitative data gathered through group interviews, and quantitative data gathered through a questionnaire. The study emphasized the need for developing knowledge to support sustainable entrepreneurship through innovation and upskilling, with participants-ranging from environmental experts to entrepreneurs-sharing best practices and identifying areas for improvement. Economic benefits of sustainable development are analyzed and the social aspects of sustainability are also considered, with participants discussing current practices and potential improvements within the Albanian business environment. This paper addresses sustainability challenges and explores opportunities for Albanian businesses to embrace circular economy principles and improve sustainability reporting practices. Insights from the paper will inform the design of future risk management strategies within the business sector promoting sustainable entrepreneurship and fostering positive change in Albanian business operations.

Keywords: Sustainable entrepreneurship, Risk management, Circular economy, Albania.