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Achieving Sustainable Development Goals (SDGs) through Socially Responsible Business Models (SRBMs)

In: Socially Responsible Business Models for International Brands

Author

Listed:
  • T. Sowdamini
  • R. Seetha Lakshmi
  • Aruna Polisetty

Abstract

Currently, there is a drastic change in businesses which are slowly moving away from linear economy towards circular economy. More and more businesses are trying to address the environmental as well as social challenges of the current times with innovative concepts. This transformation in thought process can be viewed as a prelude to the wide range of reforms across business activities. Companies with sustainable goals are quite often referred to as Socially Responsible Business (SRB). Traditionally, the business entity’s interest is vested in profit making; however, the SRB operates keeping in mind the environmental concerns. The SRBs not only meet the revenue targets set by the shareholders but also address the environmental concerns pertaining to various stakeholders. In order to achieve this, they operate business models which are sustainable and have a lasting impact on the society and environment. If the companies fail to address the environmental issues concerning their business, they are failing to capture the market of those customers who are inclined towards environmental products. This chapter divulges three such SRBs whose business models are realistic and sustainable for the future.

Suggested Citation

  • T. Sowdamini & R. Seetha Lakshmi & Aruna Polisetty, 2026. "Achieving Sustainable Development Goals (SDGs) through Socially Responsible Business Models (SRBMs)," World Scientific Book Chapters, in: Suraksha Gupta & Parth Patel & Arijit De (ed.), Socially Responsible Business Models for International Brands, chapter 11, pages 241-272, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819814916_0011
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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

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