Exploring modes of sustainable value co-creation in renewable energy communities

Mihailova, Darja; Schubert, Iljana; Burger, Paul; Fritz, Morgane M.C.

doi:10.1016/j.jclepro.2021.129917

Cited by 65 publications

(29 citation statements)

References 45 publications

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“…The methodology yielded a result of 41 articles addressing SBM in different contexts. The findings illustrate that SBM was explored in varying environments, and this signifies that the need to innovate toward more sustainable practices is interesting for different industries (Acciarini et al, 2022; Baldassarre et al, 2017; Fiore et al, 2020; Fiorentino et al, 2020; Giovanelli et al, 2021; Mihailova et al, 2022; Press et al, 2020). The full list of industries, along with the years of publication for the respective articles, can be found in Appendix A.…”

Section: Resultsmentioning

confidence: 87%

“…To address RQ3, the literature emphasised the need for understanding different stakeholders' interests (Guo et al, 2022), values and needs (Freudenreich et al, 2019), while also managing expectations (Freeman et al, 2007; Harrison & Wicks, 2019) and communication (Goni et al, 2021). Understanding the values of the stakeholders will guide the business in identifying aspects that are material to the success of the business, assist in formulating a value proposition (Baldassarre et al, 2017) and minimise the implications of strained relationships between the stakeholder network (Mihailova et al, 2022) and the business that may lead to issues of denied legitimacy. The literature asserts that awareness of the focal firm to its stakeholder network determines its ability to employ the right kind of strategies to attain its sustainability mission while minimising potential risk (Norris et al, 2021; Press et al, 2020; Sousa‐Zomer & Cauchick‐Miguel, 2017).…”

Section: Resultsmentioning

confidence: 99%

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Stakeholder integration in sustainable business models to enhance value delivery for a broader range of stakeholders

Rathobei,

Ranängen,

Lindman

2024

Bus Strat Env

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Sustainable business models (SBMs) represent a contemporary approach seeking to deliver value to businesses and a wide range of stakeholders. This paper addresses the existing gap in practical guidance for businesses aiming to incorporate a wider range of stakeholders into their SBMs. To address the gap, a systematic review of academic literature and a review of mining company reports were conducted. The findings demonstrate that it is imperative to integrate stakeholders to achieve sustainability objectives, gain societal acceptance and foster legitimacy while maintaining alignment with stakeholders' concerns. To this end, the theoretical implication of this study lies in introducing a stakeholder integration model (SIM) that underscores the roles of identification, communication, knowledge sharing and continual improvement in achieving sustainability objectives and societal acceptance within SBMs. Practically, it addresses a gap by providing practical guidance for businesses to integrate stakeholders to manage risk, uncover value‐creation opportunities and gain social acceptance.

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Section: Resultsmentioning

confidence: 87%

Section: Resultsmentioning

confidence: 99%

Stakeholder integration in sustainable business models to enhance value delivery for a broader range of stakeholders

Rathobei,

Ranängen,

Lindman

2024

Bus Strat Env

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“…Besides backers' value-co-creation behavior, entrepreneurs will update project information and promptly respond to comments. In sustainability-oriented crowdfunding projects, sustainable values in economic, environmental, or social dimensions are co-created through the efforts of creators and backers (Mihailova et al, 2022;Buana et al, 2021;Yousaf, 2021).…”

Section: Literature Review 21 Value Co-creation Behaviormentioning

confidence: 99%

Untangling the influence of perceived sustainability orientation on value-co-creation behavior in crowdfunding process: investigating a mediation model

Liang

et al. 2023

INTR

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PurposeSustainability-oriented projects are prevalent on crowdfunding platforms nowadays. The relationship between crowdfunding and sustainability has attracted the attention of many scholars. This study aims to examine the effects of perceived sustainability orientation on value-co-creation behavior from the perspective of backers and explore the mediation effects of three psychological factors: perceived affective reaction, perceived self-effectiveness and perceived risk.Design/methodology/approachThe study recruits 455 backers to evaluate 100 projects on a crowdfunding platform. Structural equation modeling based on partial least squares is used to analyze data and test the hypotheses.FindingsThe results show that perceived sustainability orientation influences value-co-creation behavior through perceived affective reaction and self-effectiveness. Furthermore, perceived sustainability orientation impacts participation behavior through perceived risk.Research limitations/implicationsOur study mainly focuses on sustainability-oriented and reward-based crowdfunding projects. Future research can examine other types of projects and other crowdfunding platforms.Practical implicationsThese findings can provide implications for project creators to improve the values co-created with backers in future sustainability-oriented projects. Furthermore, the findings can provide implications for backers and help them evaluate crowdfunding projects.Originality/valueThe existing studies are mostly concerned with project creators’ perspectives. This paper is one of the few to investigate how a project’s sustainability orientation influences backers’ psychological factors and value-co-creation behavior.

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“…Because ECs involve the active participation of citizens in their design, ownership or operation (Mihailova et al, 2022) the knowledge and skills of members is of vital importance. Skills include the ability to apply knowledge to solve a problem or complete a task; they include 'knowing how to make something happen; involve cognition, but also other aspects such as manual dexterity or sensory ability' (Senker, 1995: p. 427).…”

Section: Introductionmentioning

confidence: 99%

Knowledge and skills required to set up and operate clean energy communities

Golob

Kamin

Barnes

2024

Proceedings of the Institution of Civil Engineers - Energy

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An appropriate set of skills and knowledge is required to establish and operate clean energy communities (ECs). In most cases, building an EC is a team effort and it is very important not to neglect or undervalue the skills of the people involved. This paper identifies the knowledge and skills required to create and operate an EC. To this end, ten case studies of clean energy communities in six European countries are examined. The study concludes that skills can be divided into two categories – technical (hard skills) and non-technical (mainly soft skills). Pre-existing technical skills are necessary but not sufficient to create and operate energy communities. The study also focuses on learning and knowledge management and sharing within and outside communities, with an emphasis on learning by doing.

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Exploring modes of sustainable value co-creation in renewable energy communities

Cited by 65 publications

References 45 publications

Stakeholder integration in sustainable business models to enhance value delivery for a broader range of stakeholders

Stakeholder integration in sustainable business models to enhance value delivery for a broader range of stakeholders

Untangling the influence of perceived sustainability orientation on value-co-creation behavior in crowdfunding process: investigating a mediation model

Knowledge and skills required to set up and operate clean energy communities

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