The relationships between corporate narrative reporting practices and sustainable business models

One of the biggest challenges faced in ing the world today is to understand the implications of sustainability for people’s everyday lives. This is true especially in the world of business, where the sustainability agenda is increasingly coming to bear on the decision -making of customers, managers, shareholders, lenders, suppliers, and employees. A growing range of issues has a bearing on this agenda, including regulatory challenges, global biodiversity loss, climate change (Bevan et al., 2020), and increased expectations on companies with regard to product responsibility, human rights, and providing a decent work environment for employees. In order to address this agenda, companies are increasingly turning to the sustainable business model (SBM hereafter). This model focuses on commercializing social and environmental activities as core business transactions. It requires a new corporate strategy, new sustainable accounting tools, and processes for by which business organizations to can identify and manage these opportunities. The actual conceptual framework of this SBM is quite unclear in the literature. Therefore, this chapter aims to clarify the role of narrative reporting in managing SBM in business organizations.