Business Models for Sustainable Value Creation in Companies and Financial Markets

Abstract

AbstractThe Triple Layered Business Model Canvas (TLBMC) has been proposed in response to the need for new innovative business models that address the three pillars of sustainability: the economic, social and environmental aspects. A business model can use different tools to support sustainability through an outside-in or inside-out approach. The triple bottom line (TBL) perspective, which has been incorporated into the standard Canvas model, expands the possibilities of using management tools in innovative ways. This article demonstrates how introducing environmental, social, economic and managerial value elements contributes to value creation. The aggregated EGS indicators used in the assessment of companies by the financial market on the basis of environmental, social and corporate governance aspects are presented. They are linked to a modern management support tool, TLBMC. The links, as well as the advantages of the introduced solutions, foster the development of a holistic approach and, in the long term, can bring mutual benefits for all stakeholders, both measurable and non-measurable. Stakeholders play an important role in promoting, demanding and initiating various types of initiatives, including those related to sustainable development.