SUSTAINABILITY, ECOSYSTEMS AND RESPONSIBLE BUSINESS PRACTICES IN EDINBURGH

Abstract
Small and Medium-Sized Enterprises (SMEs) are essential to economic development and play a crucial role in fostering sustainable growth. As the demand for responsible business practices increases, entrepreneurial ecosystems have become key enablers in supporting SMEs to align with broader social and environmental objectives. This study examines the responsible business entrepreneurial ecosystem (RBEE) in Edinburgh, analysing the role of institutions and stakeholders in encouraging SMEs to develop responsible business practices. Using institutional theory as a framework, the research explores how government agencies, business support organisations, financial institutions, universities, and third-sector actors contribute to shaping an environment where SMEs can engage with the United Nations Sustainable Development Goals (SDGs). The study focuses on critical ecosystem elements, including leadership, policy frameworks, financial support, and advisory services, that influence the development of responsible business practices. Employing a case study approach, this research identifies the key enablers and barriers within Edinburgh’s RBEE. The findings provide insights for policymakers, industry leaders, and support organisations on how to enhance sustainable business practices among SMEs. By strengthening the connections between institutions and businesses, Edinburgh’s RBEE can serve as a model for fostering responsible entrepreneurship and advancing sustainable economic growth. Keywords - Entrepreneurial Ecosystem; Responsible Business, institutional theory, Stakeholders, Edinburgh.