Which of the following best describes the term "business model" in sustainability?

The term "business model" in sustainability best aligns with a plan detailing how an organization creates, delivers, and captures value. This definition encompasses the key components of a business model, which include the value proposition, target market, revenue streams, and operational processes. In the context of sustainability, a business model also incorporates environmental and social dimensions, showcasing how a company can generate economic value while contributing positively to society and minimizing its ecological footprint.

By focusing on creating sustainable value, organizations can innovate their approaches to products, services, and customer interactions, ensuring they align with sustainability goals. This holistic view enables businesses not only to thrive economically but also to contribute to sustainable development, making it a more comprehensive and strategic framework for guiding corporate practices.

The other options, while related to aspects of corporate organization, do not capture the full essence of what a business model entails in a sustainability context. For instance, a framework for corporate social responsibility defines specific goals and commitments but does not detail the operational mechanisms of value creation. Similarly, a company history or financial performance overview provides background information and results but lacks a focus on the actionable strategies that define how a business positions itself for sustainable success.