Faced with an increasingly environmentally conscious population, companies must adapt to these new consumer needs and demands. In this sense, and in order to make the world population aware of the importance of taking care of the ecosystem and promoting respect for the environment, World Environment Day is celebrated every June 5. Therefore, and to help entrepreneurs find a business model that meets these characteristics, we highlight in this article ten sustainable business models and profitable. Keep reading!
You may be interested in: MBA in Digital Business
10 sustainable and profitable business models
Then check out some of the sustainable business models that are booming. Take note!
1. Food Technology
It is a trend that is gaining in importance in Spain and, in particular, the interest in startups focused on food production and processing. Mainly in alternative proteins. It is a sector of the future for all. It includes all the agents who apply technologies to the agrifood value chain, from food production to consumption, bringing innovation, safety, efficiency, traceability and sustainability. According to a report by Etable Adventures, the volume of investments in the sector in Spain increased from 45 million euros in 2019 to a forecast of 131 million for 2021. That is to say that a growth of 191, 1% is expected.
2. Green financing
Significant amounts of financing to build and renovate the built heritage in terms of sustainability. This concept is known as “green finance” and being new, it requires professionals specialized in the field so that they can channel all these new financial instruments. According to the annual report of the Spanish Observatory for Sustainable Financing (OFISO), sustainable financing in Spain in 2020 reached 33,026 million euros, which is 45% more than the previous year.
3. VPM (Personal Mobility Vehicles)
Micromobility is this mode of transport through very light vehicles such as scooters, bicycles or electric motorcycles. This was one of the sustainable business models which has been the key to de-escalation in big cities. In fact, according to AMBE, bicycle sales have increased by more than 300% due to the pandemic and, according to the idealo.es portal, the demand for electric scooters has increased by 142% in the last year, which clearly shows that they are a clean and indispensable transport alternative at the moment.
4. Shared mobility
Another of sustainable business models on the rise is shared mobility. Shared mobility services make it possible to reduce and renew the existing vehicle fleet. In addition, reduce pollution, promote sustainable mobility and drive clean energy vehicles. The use of shared vehicle services, such as carsharing, can replace five vehicles on the road, representing significant economic and environmental savings.
5. Sustainable fashion
The aim of the sustainable or ethical fashion trend is create an indefinitely supported system in terms of environmentalism and social responsibility. The product is made with materials free of toxic components leveraging brands, clothing and fabrics made locally by workers with decent working conditions and through artisanal processes. Circular fashion – the buying and selling of second-hand clothes – is also playing an increasingly important role.
6. Natural cosmetics
The demand for natural cosmetics has also increased significantly in recent years. They are these products that use a maximum of ingredients from organic farming and breeding. It respects the environment and does not contain toxic products, but natural. Turn your customers into responsible consumers. In fact, according to IKW’s semi-annual report, experts predict that global sales of natural and organic cosmetics will increase by 5-8%.
7. Transform products with recycled materials
A few years ago the word became fashionable upcycling among the youngest. It is a movement that was born with the aim of take advantage of the large quantities of waste that we produce by contributing to the improvement of the environment. It consists of the transformation of waste or old products into other products of the same or higher quality, whether for the same or different use.
8. Energy sharing
This new concept of electricity produced from renewable energy sources from distributed electric generators, back-up batteries and a digital grid is combined to allow the marketing of energy between individuals. We all have energy reserves in our homes. This energy that we accumulate and do not automatically use could be bought by neighbors for much less than it would cost to buy from a normal energy source. At the moment, they are still doing pilot tests in the Netherlands.
9. rental models
Resale of products is also a rebounding trend, as is the use of rental models. It is being able to rent things that we would typically buy. In recent years, car rental has become very common, for example. On the other hand, Ikea launched Ikea Rental a few days ago, a concept focused on the rental and leasing of furniture and decorative items.
ten. Telecommuting tools
Finally, according to the White Paper of Teleworking of Fundación Másfamilia and Ecoembes, it has been shown that the impact of remote work on our ecosystem is very positive. This is mainly due to the reduction in polluting gas emissions into the atmosphere linked to transfers to work centers. Due to the rise of telework, which is partly sustainable, creating tools to meet the different needs of a teleworker can be a good business opportunity.
What did you think of this article on sustainable business models? Leave your comments and share!
Since the birth of the IEBS over ten years ago, one of the fundamental pillars of the organization has been the commitment to business innovation, business ethics and the sustainability of projects that s ‘integrate into society and seek mutual benefit. . Therefore, for those who want to create or transform a business with a sustainable business model, we offer the MBA in Digital Business, a program focused on leading and managing a digital business integrating, among other things, innovation, technology and automation. We are waiting for you!