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

doi:10.3389/fsufs.2023.1214490

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 journal › Article › peer-review

12 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 language	English
Article number	1214490
Number of pages	21
Journal	Frontiers in Sustainable Food Systems
Volume	7
DOIs	https://doi.org/10.3389/fsufs.2023.1214490
Publication status	Published - 2023

Bibliographical note

Publisher Copyright:
Copyright © 2023 Asif, Lau, Nakandala and Hurriyet.

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.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure
SDG 12 Responsible Consumption and Production
SDG 13 Climate Action

Access to Document

10.3389/fsufs.2023.1214490

Cite this

@article{d30dbead886e48be9d0e879d73f6ede2,

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

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.",

author = "Asif, \{Muhammad Salman\} and Henry Lau and Dilupa Nakandala and Hilal Hurriyet",

note = "Publisher Copyright: Copyright {\textcopyright} 2023 Asif, Lau, Nakandala and Hurriyet.",

year = "2023",

doi = "10.3389/fsufs.2023.1214490",

language = "English",

volume = "7",

journal = "Frontiers in Sustainable Food Systems",

issn = "2571-581X",

publisher = "Frontiers Media SA",

}

TY - JOUR

T1 - Paving the way to net-zero : identifying environmental sustainability factors for business model innovation through carbon disclosure project data

AU - Asif, Muhammad Salman

AU - Lau, Henry

AU - Nakandala, Dilupa

AU - Hurriyet, Hilal

PY - 2023

Y1 - 2023

N2 - 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.

AB - 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.

UR - https://hdl.handle.net/1959.7/uws:71373

U2 - 10.3389/fsufs.2023.1214490

DO - 10.3389/fsufs.2023.1214490

M3 - Article

SN - 2571-581X

VL - 7

JO - Frontiers in Sustainable Food Systems

JF - Frontiers in Sustainable Food Systems

M1 - 1214490

ER -

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

Abstract

Bibliographical note

Open Access - Access Right Statement

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this