Sustainable economic growth means continuous development following and considering interaction and colobration in terms of micro, macro and mezo economic factors in context of social envirnoment and ecology. The European Union has formed a strong stance on sustainable development by setting it as the priority and developing the strategy and setting objectives to achieve it. Good governance at both national and organizational levels establishes the grounds to achieve the set goals successfully, thus providing the basis for sustainable economic growth. Companies and their activities influence the economic processes significantly not only by the offered products and services but also, and more importantly, by setting safe working conditions, caring about human rights, ensuring health benefits, appropriate environment, emboldening innovations, education and training. A possible solution to ensure sustainability in economics and enviornmentaly friendly economic processes is to know and follow the basic principles of social responsibility. Companies tend to be reluctant to implement the basic principles of social responsibility in their organizations voluntarily claiming it would require additional resources and investment. However, there is a completely opposite view – being socially and environmentally responsible is a way a company can ensure its own growth and economic sustainability. The aim of the research is to identify possible problems of sustainable economic growth and develop a concept which could lead to successful tools and methodology to ensure the EU strategy and goals are implemented in companies and their daily activities and processes. The findings and analysis of the research data clearly show the disparty of the implementation of sustainable development goals in different regions of the EU, thus challenging to take more purposeful actions to achieve the European Union goals by 2030. Moreover, social entrepreneurship must be considered as an important tool to identify and solve issues of sustainable economy as well as to help achieving the goals of sustainable economic development. However, the level of acceptance of the type of entrepreneurship, the developed strategies and the degree of implementation differ significantly across the European Union countries