Paving the way to net-zero : identifying environmental sustainability factors for business model innovation through carbon disclosure project data

Muhammad Salman Asif, Henry Lau, Dilupa Nakandala, Hilal Hurriyet

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

Net-zero emission targets are crucial, given the environmental impact of the food and beverage industries. Our study proposes an environmentally focused Sustainable Business Model (SBM) using data from 252 food, beverage, and tobacco companies that reported to the Carbon Disclosure Project (CDP). We investigated the risks, opportunities, business strategies, emission reduction initiatives, and supply chain interactions associated with climate change by analyzing their qualitative answers using the NVivo software. Following the grounded theory approach, we identified the Environmental Sustainability Factors (ESFs) that support businesses in meeting pollution reduction targets. The ESFs were integrated with Osterwalder’s business model canvas to create an archetype focused on delivering “net-zero” or “carbon neutral” value to customers. The model’s efficacy is enhanced by the advantages and motivations of environmental collaborations. The paper provides critical support for sustainability theories and assists Small and Medium Enterprises (SMEs) to develop strategic business models for net-zero emission targets.
Original languageEnglish
Article number1214490
Number of pages21
JournalFrontiers in Sustainable Food Systems
Volume7
Publication statusPublished - 2023

Open Access - Access Right Statement

© 2023 Asif, Lau, Nakandala and Hurriyet. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (https://creativecommons.org/licenses/by/4.0/). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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