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The need to adapt sustainability audits to atypical business models

Author

Listed:
  • Eva Chance

    (UMR IATE - Ingénierie des Agro-polymères et Technologies Émergentes - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - INRA - Institut National de la Recherche Agronomique - UM2 - Université Montpellier 2 - Sciences et Techniques - Montpellier SupAgro - Centre international d'études supérieures en sciences agronomiques - UM - Université de Montpellier - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier, Complex and Sustainable Urban Networks (CSUN) Lab, Department of Civil and Materials Engineering - UIUC - University of Illinois at Urbana-Champaign [Urbana] - University of Illinois System)

  • Sybil Derrible

    (Complex and Sustainable Urban Networks (CSUN) Lab, Department of Civil and Materials Engineering - UIUC - University of Illinois at Urbana-Champaign [Urbana] - University of Illinois System)

  • Weslynne S. Ashton

    (Stuart School of Business - IIT - Illinois Institute of Technology)

Abstract

While a growing number of businesses aspire toward sustainability, doing so requires new business models that aim to achieve triple bottom line benefits (economic, environmental, and social), while utilizing appropriate technologies and new knowledge platforms for doing business. "Third Places," defined as places of public gathering outside of work or home, have emerged as powerful platforms for business model innovation, in the form of incubators, co-working spaces, and innovation hubs. Third Places enable a diverse group of actors, including entrepreneurs, employees, and investors to informally interact and develop innovative ways of doing business. Third Places tend to be structurally more complex than traditional production facilities as they have multiple firms interacting in formal and informal ways. In this commentary, we discuss the challenges of measuring the sustainability performance of Third Places using conventional sustainability audit tools.

Suggested Citation

  • Eva Chance & Sybil Derrible & Weslynne S. Ashton, 2018. "The need to adapt sustainability audits to atypical business models," Post-Print hal-01918019, HAL.
    • Handle: RePEc:hal:journl:hal-01918019
    DOI: 10.1007/s10098-018-1522-6
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    Cited by:

    1. Tajammal Hussain & Rick Edgeman & Jacob Eskildsen & Alaa Mohamed Shoukry & Showkat Gani, 2018. "Sustainable Enterprise Excellence: Attribute-Based Assessment Protocol," Sustainability, MDPI, vol. 10(11), pages 1-13, November.

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