Sustainable business model adoption among S&P 500 firms

Sustainable business model adoption among S&P 500 firms: A longitudinal content analysis study

Ritala, Paavo (Lappeenranta University of Technology)
Huotari, Pontus (Lappeenranta University of Technology)
Bocken, N.M.P. (TU Delft Marketing and Consumer Research; Lund University)
Albareda, Laura (Lappeenranta University of Technology)
Puumalainen, Kaisu (Lappeenranta University of Technology)

2018

In this study, we examine the diversity of sustainable business models adopted by the largest global corporations — those listed in the S&P 500 index — over the period 2005–2014. We examine press release communications during this period, which represent public data about business-relevant events. We expect that examining this communication can reveal longitudinal patterns in the adoption of sustainable business activities and models. Empirically, we utilize academic and practitioner expert panels to build a set of keywords across nine sustainable business model archetypes and utilize automated content analysis to examine the breadth and nature of a firm's sustainable business activities and practices. We find evidence of the increasing prominence of different types of sustainable business models over time. In particular, the results show that large capitalized firms have mostly adopted the environmentally-oriented archetypes, and to much lesser extent the societal and organizational ones.

Sustainable business models
Sustainability
Content analysis
Large cap
S&P 500

http://resolver.tudelft.nl/uuid:775fe80b-b306-47b8-ae25-9195b7f69985

https://doi.org/10.1016/j.jclepro.2017.09.159

2019-09-22

0959-6526

Journal of Cleaner Production, 170, 216-226

Accepted author manuscript

Institutional Repository

journal article

© 2018 Paavo Ritala, Pontus Huotari, N.M.P. Bocken, Laura Albareda, Kaisu Puumalainen