Anatomy of successful sustainable business models

Maria Antikainen; Vafa Järnefelt

Anatomy of successful sustainable business models

Maria Antikainen^*
, Vafa Järnefelt

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific

Abstract

ustainability is already creating a competitive advantage for forerunner companies that have been successful in the transition process towards more sustainable business models. Although there is a growing body of literature concerning this topic, there remains limited understanding of the building blocks of sustainable business models (SBMs). Our study aims to understand 1) what kinds of SBMs have top rated ESG companies implemented and 2) what kinds of SBM patterns and their combinations these SBMs consist of? The study examines the 10 best performers on two MCSI indexes (MSCI Europe SRI Index 12/2021 and MSCI USA SRI Index 12/2021). By comparing these index listings, we were able to identify similar sustainable business model patterns among the case companies. The patterns identified in the cases were mostly focused on the ecological and economic aspects, as only three of the companies had implemented social sustainability-oriented patterns.

Original language	English
Title of host publication	Proceedings of the XXXIII ISPIM Innovation Conference
Subtitle of host publication	Innovating in a Digital World
Place of Publication	Lappeenranta
Publisher	Lappeenranta University of Technology
ISBN (Electronic)	978-952-335-694-8
Publication status	Published - 5 Jun 2022
MoE publication type	B3 Non-refereed article in conference proceedings
Event	XXXIII ISPIM Innovation Conference: Innovating in a Digital World - RAdisson Blu Hotel, Copenhagen, Denmark Duration: 5 Jun 2022 → 8 Jun 2022 https://www.ispim-innovation-conference.com/ https://www.conferencesubmissions.com/ispim/copenhagen2022/index.html (Proceeding submissions)

Publication series

Series	LUT Scientific and Expertise Publications: Research Reports
ISSN	2243-3376

Conference

Conference	XXXIII ISPIM Innovation Conference
Country/Territory	Denmark
City	Copenhagen
Period	5/06/22 → 8/06/22
Internet address	https://www.ispim-innovation-conference.com/ https://www.conferencesubmissions.com/ispim/copenhagen2022/index.html (Proceeding submissions)

Keywords

sustainability
business model
pattern
case study
ESG

Cite this

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title = "Anatomy of successful sustainable business models",

abstract = "ustainability is already creating a competitive advantage for forerunner companies that have been successful in the transition process towards more sustainable business models. Although there is a growing body of literature concerning this topic, there remains limited understanding of the building blocks of sustainable business models (SBMs). Our study aims to understand 1) what kinds of SBMs have top rated ESG companies implemented and 2) what kinds of SBM patterns and their combinations these SBMs consist of? The study examines the 10 best performers on two MCSI indexes (MSCI Europe SRI Index 12/2021 and MSCI USA SRI Index 12/2021). By comparing these index listings, we were able to identify similar sustainable business model patterns among the case companies. The patterns identified in the cases were mostly focused on the ecological and economic aspects, as only three of the companies had implemented social sustainability-oriented patterns.",

keywords = "sustainability, business model, pattern, case study, ESG",

author = "Maria Antikainen and Vafa J{\"a}rnefelt",

note = "only abstracts peer-reviewed; XXXIII ISPIM Innovation Conference : Innovating in a Digital World ; Conference date: 05-06-2022 Through 08-06-2022",

year = "2022",

month = jun,

day = "5",

language = "English",

series = "LUT Scientific and Expertise Publications: Research Reports",

publisher = "Lappeenranta University of Technology",

booktitle = "Proceedings of the XXXIII ISPIM Innovation Conference",

address = "Finland",

url = "https://www.ispim-innovation-conference.com/, https://www.conferencesubmissions.com/ispim/copenhagen2022/index.html",

}

Anatomy of successful sustainable business models. / Antikainen, Maria; Järnefelt, Vafa.
Proceedings of the XXXIII ISPIM Innovation Conference: Innovating in a Digital World. Lappeenranta: Lappeenranta University of Technology, 2022. (LUT Scientific and Expertise Publications: Research Reports).

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific

TY - GEN

T1 - Anatomy of successful sustainable business models

AU - Antikainen, Maria

AU - Järnefelt, Vafa

N1 - only abstracts peer-reviewed

PY - 2022/6/5

Y1 - 2022/6/5

N2 - ustainability is already creating a competitive advantage for forerunner companies that have been successful in the transition process towards more sustainable business models. Although there is a growing body of literature concerning this topic, there remains limited understanding of the building blocks of sustainable business models (SBMs). Our study aims to understand 1) what kinds of SBMs have top rated ESG companies implemented and 2) what kinds of SBM patterns and their combinations these SBMs consist of? The study examines the 10 best performers on two MCSI indexes (MSCI Europe SRI Index 12/2021 and MSCI USA SRI Index 12/2021). By comparing these index listings, we were able to identify similar sustainable business model patterns among the case companies. The patterns identified in the cases were mostly focused on the ecological and economic aspects, as only three of the companies had implemented social sustainability-oriented patterns.

AB - ustainability is already creating a competitive advantage for forerunner companies that have been successful in the transition process towards more sustainable business models. Although there is a growing body of literature concerning this topic, there remains limited understanding of the building blocks of sustainable business models (SBMs). Our study aims to understand 1) what kinds of SBMs have top rated ESG companies implemented and 2) what kinds of SBM patterns and their combinations these SBMs consist of? The study examines the 10 best performers on two MCSI indexes (MSCI Europe SRI Index 12/2021 and MSCI USA SRI Index 12/2021). By comparing these index listings, we were able to identify similar sustainable business model patterns among the case companies. The patterns identified in the cases were mostly focused on the ecological and economic aspects, as only three of the companies had implemented social sustainability-oriented patterns.

KW - sustainability

KW - business model

KW - pattern

KW - case study

KW - ESG

M3 - Conference article in proceedings

T3 - LUT Scientific and Expertise Publications: Research Reports

BT - Proceedings of the XXXIII ISPIM Innovation Conference

PB - Lappeenranta University of Technology

CY - Lappeenranta

T2 - XXXIII ISPIM Innovation Conference

Y2 - 5 June 2022 through 8 June 2022

ER -

Anatomy of successful sustainable business models

Abstract

Publication series

Conference

Keywords

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Cite this