What is a sustainable business model innovation? How the Financial Review and BCG decided who made the list.
and Boston Consulting Group .
We are observing companies on a journey from traditional CSR approaches, through ‘compliance driven’ and ‘reactive’ sustainability, to that we call Sustainable Business Model Innovation where business value creation and ESG are mutually reinforcing. The scale and scope of change driven by the innovation, which was considered across the organisation’s businesses and product and service lines, and along the company’s value chain. We sought to see how far the innovation had taken the entrant towards a fundamental re-imagining of their business model around sustainability as a source of competitive advantage.
Australasian organisations, or the Australasian offices of global organisations, that have operated for more than one year, were invited to submit an innovation that was embedded in the business, contributed to better environmental and social outcomes, and created tangible business value. This innovation could be a product or service, strategy or initiative.
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