Sustainability Impact on Business Models

Abstract

As the impact of sustainable development on the world’s future is better understood, each industry is encouraged to find a solution for sustainability in its own field. We want to show why the sustainability approach is important for building business models. We will seek answers that banks will gain by including a sustainability factor in their business models. We will not only analyze how to effectively build business models in banks, or we’ll analyze the approach to redefining them based on risk factors. We want to show how banks should approach the construction of their business models taking into account their internal specificity, creating original values, the factor of social responsibility, but also ESG risk factors. We also want to consider how to approach business model design so that they are effective both in the face of the economic crisis and the experience of the COVID-19 pandemic. The end result of this chapter will be to answer the question of the differences in designing business model canvases and how to approach sustainable business models.