One of the biggest topics of discussion in the last decade has been the climate change and the related global warming. This has rightfully contributed to people being more aware than ever about how to live a more sustainable life and to some extension know how they should act in their everyday life in order to reduce their carbon footprint. These are maybe the most important actions one could take in order to secure a healthy planet for generations to come. What is less known is how to invest in a sustainable way and how to understand if companies are operating sustainably. This thesis aims to solve this problem, enabling people to make more sustainable investment decisions through quickly analyzing the investment target’s financial performance. The result of the thesis is a model that can partly help investors to understand if a company is operating in a sustainable manner. The findings are that ROA, short for return on assets, is the most influential financial performance metric to look at when analyzing a company’s sustainable performance. Unfortunately, the model produced and suggested in this thesis can only explain 15.4% of the CO2 emissions produced by a company. That being said, there is still much to learn about how companies / Ett av de mest omdiskuterade ämnena under det senaste decenniet är klimatförändringarna och den tillhörande globala uppvärmningen. Detta har med rätta bidragit till att människor är mer medvetna än någonsin om hur man lever ett mer hållbart liv och i viss utsträckning hur man ska agera i sin vardag för att minska sitt koldioxidavtryck. Det är kanske dessa åtgärder som är de viktigaste att vidta för att säkra en frisk planet för de kommande generationerna. Hur man investerar hållbart och hur man kan ta reda på om ett företag verkar hållbart, är däremot ett mer outforskat område. Denna avhandling syftar till att lösa detta problem, vilket skulle möjliggöra fattandet av mer hållbara investeringsbeslut genom att snabbt analysera det aktuella företagets finansiella resultat. Avhandlingens resultat är en modell som delvis kan hjälpa investerare att förstå om ett företag verkar på ett hållbart sätt. Slutsatsen är att ROA, avkastning på totalt kapital, är det mest inflytelserika finansiella resultatmåttet att titta på vid en analys av ett företags hållbara prestanda. Den utvecklade och föreslagna modellen i denna avhandling visar dessvärre en förklaringsgrad på endast 15,4 % av ett företags koldioxidutsläpp. Med det sagt finns det fortfarande mycket att lära om hur företag fungerar och presterar i förhållande till deras globala fotavtryck.

Circular economy (CE) is widely seen as a potential solution to negative impacts caused by thelinear economy; however, companies must integrate CE principles into the business modeldeeper to achieve sustainable development. The Product-Service System (PSS) businessmodel is a potential solution to the superficial implementation of CE due to shifting the focusto delivering functionality rather than ownership. However, several researchers point out thatPSS systems, whilst promoted as sustainability alternatives, rarely have enough quantitativedata supporting these outcomes and where the research field widely highlight the need tofurther develop assessment methods for PSS, with the use phase being a specifically criticalarea to monitor due to companies increased responsibility. This master’s thesis, therefore,aims to evaluate how companies monitor and assess their use-oriented PSS during the usephase to safeguard the intended increase in sustainability performance. To achieve theseobjectives, a qualitative, multiple case study was employed, where four companies wereinterviewed following a semi-structured approach, creating in-depth knowledge in each case. The case studies reveal that the different companies' primary methods to safeguard theirsustainability ambitions were through data collection, which, however, lacked the structuralsupport of Key Performance Indicators (KPIs). The different case studies could be seen tomainly collect performance data for proactive maintenance and consumer behaviour data toadjust their services and, by that, reduce environmental impact. However, only Volvo CarMobility did try to reduce the risk of unforeseen rebound effects by investigating customers'changed mobility behaviour. All of the companies did during the interviews refer to KPIs thatthey used to ensure that their sustainability goals were met; however, only one of the casestudies had an indicator that could meet the requirements of KPIs, whereas others lackedspecified targets, were vaguely defined or were irregularly collected. Additionally, the casestudies confirmed different strategic reasons for implementing their PSS other thansustainability and whether all sustainability goals could be connected to economic incentives.These different drivers confirm the PSS attraction and suitability for companies; however, italso emphasises the importance of implementing a system perspective to mitigate risks ofburden shifting and loss of the potential to contribute to sustainable development. Future research could further evaluate the importance of information and communicationtechnologies (ICT) when collecting data on PSS consumers, how AI-supported technologycould facilitate the recognition of consumer behaviour, and how this data collection shouldbe efficiently managed in the organisation. Additionally, another interesting avenue for futureinvestigation would be the overall consumer behaviour of society and its impact on businessmodels such as PSS. In conclusion, this master's thesis confirms and extends previous assertions on theimportance and complexity of use-oriented PSS and adds to the emerging literature on the subject through the information from the case studies. The findings also point to the holisticinsights and performance assessments required to optimise the potential and ensure thesustainability of the services. / Cirkulär ekonomi (CE) betraktas allmänt som en potentiell lösning på den negativa påverkansom den linjära ekonomin orsakar. För att uppnå en hållbar utveckling är det nödvändigt förföretag att djupare integrera CE-principer i affärsmodellen. Affärsmodellen förprodukttjänstsystem (product service system - PSS) anses vara en potentiell lösning när CEytligt implementerats i företag, detta genom att fokusera på att leverera funktionalitetsnarare än äganderätt. Dock pekar flera forskare på att PSS-system, trots att de främjas somhållbarhetsalternativ, sällan har tillräckligt med kvantitativ data som stödjer dessa resultat.Inom PSS forskningsfältet betonas behovet av att vidareutveckla bedömningsmetoder(Nakada et al., 2020), där användningsfasen anses vara ett specifikt kritiskt område attkontrollera på grund av företagens ökade ansvar. Denna masteravhandling syftar därför tillatt utvärdera hur företag kontrollerar och bedömer sina användningsorienterade PSS underanvändningsfasen för att säkerställa den avsedda ökningen i hållbarhetsprestanda. För attuppnå dessa mål användes en kvalitativ, flerfallstudie där fyra företag intervjuades med ettsemistrukturerat förhållningssätt, vilket skapade mer djupgående kunskap om vardera fall. Fallstudierna visar att de olika företagens huvudsakliga metod för att säkerställa sinahållbarhetsambitioner var genom datainsamling, men detta saknade dock det strukturellastödet av nyckeltal (Key Performance Indicators - KPI:er). De olika fallstudierna kunde sessamla prestandadata främst för proaktivt underhåll och konsumentbeteendedata för attjustera sina tjänster och därigenom minska miljöpåverkan. Endast Volvo Car Mobility försökteminska risken för oförutsedda rekyleffekter genom att undersöka kunders ändraderörelsebeteende. Samtliga företag hänvisade under intervjuerna till KPI:er som de användeför att säkerställa att deras hållbarhetsmål uppnåddes, men endast företaget som hyrde utbilbarnstolar hade en indikator som kunde uppfylla KPI-kraven, medan de andra fallensaknade specificerade objektiv, var vagt definierade eller insamlades oregelbundet.Dessutom bekräftade fallstudierna olika strategiska skäl för att implementera sina PSS utöverhållbarhet, och alla hållbarhetsmål kunde kopplas till ekonomiska incitament. Dessa olikadrivkrafter bekräftar PSS attraktion och lämplighet för företag, men betonar också vikten avatt implementera ett systemperspektiv för att minska riskerna för tunnelseende ochförskjutning av belastningen (s.k. burden shifting) och förlora potentialen att bidra till enhållbar utveckling. Framtida forskning kan rikta sig mot att ytterligare utvärdera betydelsen av informations- ochkommunikationsteknologier (Information and Communication Technology - ICT) vid insamlingav data om PSS-konsumenter, hur AI-stödd teknik kan underlätta igenkänning avkonsumentbeteende och särskilt hur denna datainsamling bör hanteras effektivt iorganisationen. Dessutom skulle en annan intressant väg för framtida undersökningar kunnavara samhällets övergripande konsumentbeteende och dess påverkan på affärsmodeller somPSS.   Sammanfattningsvis bekräftar denna masteravhandling tidigare påståenden omanvändningsorienterade PSS betydelse och komplexitet och bidrar till den växandelitteraturen om ämnet genom information från fallstudierna. Resultaten pekar också på deholistiska insikter och prestandabedömningar som krävs för att optimera potentialen ochsäkerställa tjänsternas hållbarhet.

This thesis explores the environmental and social responsibilities being increasingly shouldered by cement manufacturing sector and outlines a new approach for these companies to accept their responsibilities and to utilise professional approaches to address the economic, environmental and social dimensions of sustainable business. Managing these three dimensions in business translates corporate responsibility into an integrated responsibility for doing business profitably, ethically and in sustainable manner. This three-pronged approach is sometimes called the Triple Bottom Line. It helps companies to fulfil their more holistic Corporate Social Responsibility. A critical review of the literature led the thesis author to develop the theoretical framework for environmental and social reporting to proceed on TBL/CSR journey within the cement industry. Data were collected from TBL/CSR reports from cement companies on key environmental and social performances. Based upon those data, a questionnaire was developed to obtain more information from the leading worldwide cement companies. The combined results of the responses to the questionnaire and the quantitative data derived from the TBL/CSR reports were used to establish best practice benchmarks to serve as performance targets for the author¿s case study company, Oman Cement Company (OCC). The contribution to knowledge of this research is the summarisation and prioritisation of the cement industry¿s implementation of TBL/CSR management systems, which integrate the elements of TBL/CSR into their strategic plans and daily operational procedures. Guidelines were derived from the Global Reporting Initiative, the United Nations Global Compact and the new ISO 26000 standard, which promotes a new way of working towards innovation, value creation and incremental actions for transforming businesses to become more responsible. The contributions to practice of this research are the practical and procedural insights, gained by quantitative analysis of environmental and social indicators, into how cement companies are making improvements in their processes and products in response to climate change, economic, governmental regulations and social pressures for improvement. Based upon the findings, recommendations and timetables were developed and are being implemented within the OCC as it progresses on its TBL/CSR journey.

This thesis investigates how Jönköping Science Park frames and supports sustainable entrepreneurship in the region. More specifically, it discusses how this Science Park implements sustainability in collaboration with entrepreneurs and start-ups. In addition, the study evaluates how the Jönköping Science Park offering meets entrepreneurs' needs and expectations. In light of the gaps identified, recommendations are made for improving Science Park's sustainability support services in the future. The study applies Klaus Fichter and Karsten Hurrelmann’s conceptual framework for analyzing and designing sustainability orientation in incubators and science parks. This paper also uses the Client-Oriented Model of Evaluation by Evert Vedung to analyze how current Science Park sustainability support meets entrepreneurs' needs. A qualitative research approach was used in this study, with content analysis of open sources and internal documents, three interviews with Science Park officials, and corresponding email correspondence. The data was also gained through ten interviews with entrepreneurs and start-ups. The results show that Science Park implements sustainability in their collaboration with entrepreneurs and start-ups on the strategic level (vision, mission, strategy, and communication) and operational level (programs, activities, methods, and tools). The study's findings revealed that Science Park exhibits a clear strategic commitment to sustainability and acknowledges the responsibility to provide fully sustainable business development support to entrepreneurs and startups. On the operational level, sustainability implementation is fragmented and can be characterized by the “learning-by-doing” approach. Overall, Science Park places more emphasis on promoting sustainability and fostering a sustainability mindset than on providing extensive sustainability education. It is attributed to the fact that Science Park does not specialize in sustainability consultancy or services. Moreover, their focus primarily on early-stage entrepreneurship presents challenges when implementing sustainability support for entrepreneurs and start-ups.  Based on the identified gaps and provided recommendations, Science Park can strengthen its sustainability support offering in a practical perspective and contribute to tackling entrepreneurs' misunderstandings of the sustainability concept which is crucial for creating sustainability-oriented enterprises.

Sweden has an ambitious goal that the country will be carbon neutral by 2045, where this includes all sectors, including transportation and thus aviation. The aviation sector is an important part of the transportationsystem where the development of society has become dependent on this transportationalternative. In 2017, the aviation accounted for six percentof Sweden’s carbon dioxide emissions, one percentfrom domestic flightsand five percentfrom international flights. In order toreduce these emissions, active work is ongoing for a transition where domestic aviation will be fossil-free in 2030 and all departures from Sweden to the international market will be fossil-free in 2045. Aviation has historically had a strong connection to fossil fuels and environmentally friendly alternatives have not yet managed to compete in the market.This study has investigated how sustainability can be a central part of the business model and how these should be adapted as part of the work to a fossil-free business, as well as the role of sustainable aviation fuels (SAF) and policy instruments in the energy transition. By mapping important aspects for sustainable business models, market potential for SAFand the development of new policy instruments,this study contributes with a systems perspective on the Swedish aviation industry's energy transition. The delimitationofthe study has been the Swedish market with focus on actors with their operations in Sweden. The methodologyhas consisted of a literature study, an interview study with 11 actors in the Swedish market and a case study on the airline corporationBraathens Regional Airlines (BRA), which mainly operates domestic flights in Sweden with Bromma as their headquarters.The results showed that there are three areas that are important in the work with sustainable business models, three areas for the market potential for biofuels and four areas for policy instruments. In the development of sustainable business models, cooperation and co-financing are seen as central aspects for an effective transition with better risk distribution. Transparent sustainability work, climate calculations and biofueltickets are considered important tools to increase the customer's understanding of the company's transition towards a sustainable future. The public's lack of knowledge regarding the energy transition for aviation is considered an obstacle towards increased sales of biofuel tickets, which also creates flygskam and avoidance of aviation as a means of transportation. The biggest obstacle towards an increased share ofSAFon the Swedish marketis mainly considered to be the lack of Swedish production.Increased production would mean large investment costs and high risks, which means that co-financed projects are proposed to overcome this obstacle. Biomass as a raw material and how it is used and classified in the EU is also an obstacle towards increased use. Current policy instruments show that the reduction obligation is a positive addition, but the penalty fee needs to be raised above the price of SAF.The EU taxonomy can also play a decisiverole in the transitionprocess, as the classification of biomass and bioenergy can affect interest and willingness to make new investments.In addition, travel policies of companies are an obstacle when they prohibit travel by aviation.Finally, policy instruments are needed that favor Swedish production of SAF, where the industry sees great opportunities in both technology and raw materials, but lack of political initiatives.

In order to mitigate climate change, human activity needs to be decarbonised through a phase-out of fossil fuels, replaced by renewable energy sources. Here, sustainable business models can play an important role through connecting niche renewable technologies to the wider system and thereby allowing them to diffuse. Alternative business models towards the traditional centralised utility model have emerged, but remain poorly developed, and understood, especially their impact on transition dynamics over time. Therefore, this study combines business model research with the multi-level perspective on socio-technical transitions, in order to investigate how emerging sustainable business models in Germany co-evolve with the country’s energy system over time. The three studied business models are tenant electricity, community microgrid and virtual power plant. To this end, the study applied a qualitative research approach, involving an interview, survey and document review in order assess with which transition pathways, based on the multi-level perspective, the three studied business models share most characteristics with. The results suggest that community microgrid currently follows a substitution pathway, in which old regime structures are replaced over time. The business model of tenant electricity is still stuck in its niche, but under adjusting regulatory structures expected to follow a transformative pathway with minor regime adjustments, while the basic regime architecture remains unchanged. Lastly, virtual power plants as a symbiotic business model shares most characteristics with a reconfiguration pathway, in which it triggers internal change and over time can result in major structural reconfigurations. These results underline that not only the type of employed technology plays a crucial role, but also how it is made available to society in form of business models. Further, the alignment with different transitional pathways provides a more nuanced perspective on how different business model types co-relate and impact transition dynamics and thereby provides a basis for future discussions around how a sustainable energy transition can be steered towards a more democratic and inclusive energy system.

Yes / Blockchain operates on a highly secured framework, and its decentralized consensus has benefits for supply chain sustainability. Scholars have recognized the growing importance of sustainability in supply chains and studied the potential of blockchain for sustainable supply chain management. However, no study has taken stock of high-quality research in this area. To address this gap, this paper aims to provide a state-of-the-art overview of high-quality research on blockchain for sustainable supply chain management. To do so, this paper conducts a systematic literature review using a bibliometric analysis of 146 high-quality articles on blockchain for sustainable supply chain management that have been published in journals ranked “A*”, “A”, and “B” by the Australian Business Deans Council and retrieved from the Scopus database. In doing so, this paper unpacks the most prominent journals, authors, institutions, and countries that have contributed to three major themes in the field, namely blockchain for sustainable business activities, decision support systems using blockchain, and blockchain for intelligent transportation system. This paper also reveals the use of blockchain for sustainable supply chain management across four major sectors, namely food, healthcare, manufacturing, and infrastructure, and concludes with suggestions for future research in each sector.

Access to clean drinking water is a fundamental human right, yet many urban and peri-urban areas struggle to provide this service. While rural water access has improved, urban areas face stagnation or declining access to safe water services due to rapid urbanization, environmental changes, and social disparities. With urban populations in the global South expected to double and concerns about water quality from centralized systems in high-income countries, adaptable and resilient water service solutions are urgently needed. Decentralized systems are gaining attention for their adaptability, cost-effectiveness, and resilience, offering flexible alternatives to large treatment plants and aiming to provide safe, clean water at the household or community level. These systems improve local responsiveness, reduce inequalities, and enhance resilience by utilizing alternative water sources like rainwater harvesting. Innovative service delivery models are essential to bridge gaps, increase local responsiveness, and benefit vulnerable groups. Business model innovation is crucial for adopting and sustaining decentralized water technologies, especially in urban and developing contexts. Private companies are increasingly stepping in to provide decentralized drinking water services, often in partnership with government-led projects or community-managed initiatives, filling gaps where public institutions fall short. This thesis investigates private entities as viable alternatives for decentralized drinking water service provision, considering the complex landscape of urban water provision and the challenges centralized systems face. Using a mixed-methods approach, including a systematic literature review and interviews with eight organizations, the study explores how private companies operate and engage with communities to improve water services. Findings show that private companies use innovative business models, such as Social Enterprise and Product-Service System Models, to balance profitability with social and environmental responsibilities, though this raises concerns about the commodification of water. The thesis emphasizes the importance of subsidies, innovative financing, and government support to ensure affordable and accessible water services, especially in low-income and water-stressed regions. It stresses the need for supportive policy frameworks to promote decentralized services in different income-level countries. The adaptability of private companies to diverse customer bases and their ability to secure funding from various sources are crucial for the scalability and sustainability of their services. The thesis concludes that private companies play a vital role in bridging the service provision gap, but their success depends on innovation, stakeholder engagement, and supportive policies. It highlights the importance of balancing centralized and decentralized systems to ensure sustainable and resilient water services and uphold the human right to clean drinking water. The thesis contributes to the discourse on sustainable urban water management, underlining the potential of private companies to improve the accessibility and sustainability of drinking water services while emphasizing the need for ethical considerations in commodifying essential resources.

The Sustainable Development Agenda 2030 is halfway to the finish line, underscoring the urgency for engagement of all stakeholders to accomplish its overarching objectives. The private sector, particularly small and medium-sized enterprises, play a crucial role, with a significant potential to advance sustainable development. Nevertheless, they frequently abstain from sustainable endeavours due to several constraining factors such as lack of resources or knowledge. This thesis aims to explore strategies for sustainable business practices that SMEs implemented despite these limitations. These strategies can consequently enhance their contribution to the Agenda 2030. Building on the theoretical concepts of dynamic capabilities and transformational leadership, a case study was developed including eight semi-structured interviews with SME leaders from the food and beverage industry in Skåne, Sweden. In addition to the interviews, data from three documents provided by the interviewed SMEs were reviewed. The main findings of this thesis illustrate that SMEs can develop essential capabilities and strategies to address sustainability. Moreover, the owner-managers’ perceptions of sustainability and leadership style influence the organisational commitment towards sustainability. The strategies SMEs employ are focused on developing a long-term, holistic perspective towards sustainability, focusing on sustainable product development, adjusting their operational processes, and enhancing integration of resources of external stakeholders by maintaining collaborative efforts, partnerships, and networks.

West Africa’s textile and clothing (T&C) industries have persevered through the decline following the economic liberalization policies in the 1980s. This thesis seeks to explore the sustainable and circular business models which exist in the West African region. It also explores the ways that businesses relate to the social conditions of poverty, a small T&C industry, strong competition from imports, and the concentrated levels of imported textile waste. Through a qualitative methodology, secondary data is collected on thirty T&C businesses in West Africa. These businesses are analyzed through the framework of the eleven sustainable business model (SBM) pattern groups by Lüdeke-Freund, et al. (2018). In the results, five main SBM pattern groups emerge: Supply Chain, Social Mission, Closing-the-Loop, Eco-design, and Cooperative pattern groups. Most of the businesses do not fall neatly into one pattern, but rather embody various hybrid sustainable business models. West Africa is unusual in facing both high poverty rates and textile waste landfills, which may influence the multi-dimensional approach to sustainability. By working with the local textile value chain and artisan communities, the thirty businesses contribute to poverty alleviation. They also pave the way for ‘artisan futurism,’ where handicraft is combined with circularity and eco-design initiatives, leading the West African T&C industry into the future.