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The need to adapt emerging sustainability audits to atypical business models

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journal contribution
posted on 23.10.2018, 00:00 by Eva Chance, Sybil Derrible, Weslynne Ashton
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.

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Funding

This study was partially funded by the GloFoodS meta-program. The authors would like to thank everyone who has been taking part of the auditing process at The Plant, including Jonathan Pereira and the staff at Plant Chicago. We would also like to thank Julia Norberto who interned in the Complex and Sustainable Urban Networks (CSUN) Lab in summer 2016. We were thrilled to be part of The Plant, taking part into that great adventure to more sustainable businesses practices and a better society.

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Publisher Statement

Post print version of article may differ from published version. The final publication is available at springerlink.com; DOI:10.1007/s10098-018-1522-6

Citation

Chance, E., Derrible, S., & Ashton, W. S. (2018). The need to adapt sustainability audits to atypical business models. Clean Technologies and Environmental Policy, 20(5), 1113-1118. doi:10.1007/s10098-018-1522-6

Publisher

Springer Verlag

Language

en_US

issn

1618-954X

Issue date

02/04/2018

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