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The article aims to systematize the state of knowledge of and research on the inclusion of ESG (Environmental, Social, and Governance) risk in companies' business models, with a special stress on energy sector companies. Many publications address incorporating ESG, but only some deal with it from the perspective of business models. This paper fills that gap. The methods of incorporating ESG risk into a sustainable business model, identified on the basis of the literature review, were verified based on the examples of three companies from the energy industry. A two-stage review of publications from the WoS and Scopus databases was carried out, considering a more comprehensive (sustainability) and a narrower (ESG risk) range of keywords, and the period from 2000 to 2022. The result showed that SMEs and large enterprises consider ESG risk in their risk management systems (ERMs), while small enterprises and start-ups do not. In Europe, Asia, and Australia, it is common to include ESG risk in an ERM, while it is rare in Latin America. In developing countries, companies in the service sector are more likely to include ESG risk in ERMs than those in the manufacturing sector. These findings may be useful for policymakers who wish to provide support and financial incentives for companies transforming their business models toward sustainability. [ABSTRACT FROM AUTHOR]

The aim of this contribution is to focus on the issue of business enterprise valuation. This is the most demanding discipline within valuation, and the value of the business in question, which is determined by the valuation, may not always be the only correct and objective one. It is appropriate to use at least 2 valuation methods when valuating a business. These methods are divided into 3 main groups: Earnings methods, Market value methods and Assets methods. These three main groups are subdivided into several subgroups. For the creation of a financial plan, it is appropriate to process the financial and situational analysis of the business, preceding the valuation itself. The aim of the contribution is to describe individual methods, which are supported by specific examples and results. These include, for example, the methods: "Financial Analysis" = it is necessary to carry out a financial analysis first and determine the financial condition of the business. Financial analysis is one of the basic prerequisites for valuating a business. The objective of the financial analysis is to examine the financial health of the business or to better diagnose the financial side of the business and to establish the basis for the financial plan from which the yield value is derived. Another method is "Business Valuation" = the method expresses the instant value of a business as of the valuation date and is based on the principle of simplicity and comprehensibility. The method recognizes the business‘ market value and past liabilities prior to the valuation date. The last method is then the "Discounted Cash Flow Method" which is the primary earnings method for valuating a business. The following are the results of the examples using these methods. Further examples of these methods are given in these results. The results are supported by graphs and tables composed from own sources. Finally, the strengths and weaknesses of the company are summarized. The aim of this contribution was fulfilled. [ABSTRACT FROM AUTHOR]

Sustainability is a system property; therefore, products/services/technologies/organisations cannot be sustainable on their own but they may be elements of sustainable systems. In addition, to achieve sustainability, there is a requirement for transformation of socio-technical systems which fulfil certain social functions such as energy, mobility and food. The theoretical and practical approaches proposed so far in the broad field of design and innovation for sustainability have not satisfactorily addressed system level changes. This paper provides a critical review of approaches targeting different phases of design and innovation processes. The strengths/shortcomings of these approaches are analysed based on the criteria developed by integrating insights from sustainability science and system innovation/transition management theories. Based on the critical review, a future research agenda is suggested in following areas: exploration of synergies between existing approaches/tools/methods, development of a theoretical framework for design and innovation for sustainability with references to system innovation and transition management theories, and, development of new approaches/tools/methods for the use of design and innovation teams. [ABSTRACT FROM AUTHOR]

An abstract of the review of the book "The Sustainable Enterprise Fieldbook: When It All Comes Together," edited by Jeana Wirtenberg is presented.

An abstract of the review of the book "Business Planning for Turbulent Times: New Methods for Applying Scenarios," edited by Rafael Ramirez is presented.