Incorporating Sustainable Development Goals (SDGs) into Building Environment-Related Business Models: A Comprehensive Review

¹ Peter the Great St. Petersburg Polytechnic University, Saint Petersburg 195251, Russian Federation
² Lovely Professional University, Phagwara, Punjab, India
³ Department of CSE, GRIET, Bachupally, Hyderabad, Telangana, India.
⁴ Uttaranchal University, Dehradun - 248007, India
⁵ Centre of Research Impact and Outcome, Chitkara University, Rajpura - 140417, Punjab, India
⁶ Chitkara Centre for Research and Development, Chitkara University, Himachal Pradesh - 174103 India
⁷ Rayat Bahra Institute of Pharmacy, Hoshiarpur - Chandigarh Road, Hoshiarpur, Punjab 146001, India
⁸ Faculty of Pharmaceutical Sciences, Research & Incubation Centre, Rayat Bahra University, Chandigarh-Ropar NH 205, Greater Mohali, Punjab, 140103, India

^* Corresponding author: plml@mail.ru

Abstract

This work investigates the incorporation of Sustainable Development Goals (SDGs) into business models (BM) associated to Building Environment (BEs) in order to promote sustainable development, innovation, and resilient infrastructure. Through an analysis of business models released from 2016 to 2019, we explore the integration of important Sustainable Development Goals (SDGs) such as affordable, green energy (SDG 7), sustainable growth (SDG 8), industrialization and innovation (SDG 9), and resilient cities (SDG 11) into the operational and strategic frameworks of various business designs. Evidence from case studies conducted in different nations demonstrates how business models may be modified to include sustainable practices and frameworks motivated by values. Furthermore, this text presents guidelines for integrating Sustainable Development Goals (SDGs) into upcoming Blue Models (BMs), emphasizing their significance in circular economies, green energy projects, and socially inclusive urban development. This paper provides important information to the stakeholders in the constructed environment as the legislators, developers, and academics who would wish to align their business agendas with the global sustainability goals. The research evidence suggests that business models associated with the SDGs allow for the management of modern sustainability challenges together with encouraging innovation and economic growth.