Triple impact ventures as drivers of the Sustainable Development Goals: A systematic review of sustainable business models (2019–2025) (#603)

Authors

Ramos Farroñan, Emma Verónica

Vera Zelada, Persi

Vera Zelada, Luis Alberto

Luque Luque, Elmer Ovidio

Salcedo Dávalos, Rosa Amable

Cachay Salcedo, Silvia Mabel

Silva León, Pedro Manuel

Abstract

Triple impact ventures have emerged as a key catalyst for the Sustainable Development Goals, as they systematize the economic, social, and environmental dimensions through their business models. In this regard, this study conducts a systematic review of 50 articles published between 2019 and 2025 under the PRISMA 2020 guidelines. The objective of the review is to analyze the impact of triple impact ventures on the achievement of Sustainable Development. The methodology applied included searches in Scopus, ScienceDirect, and Wiley Online Library, seeking to include empirical studies with statements of quantifiable impact in multiple dimensions. The results show that hybrid models that focus on generating profits and return on investment account for 44%, followed by model B companies and cooperatives at 28%. In terms of their impact on the achievement of these models, the ventures contribute primarily to SDGs 8, 12, and 13, reducing 450,000 tons of CO2 equivalent and creating 12,500 green jobs. On the other hand, success factors include multisectoral partnerships and access to venture capital, sponsorship, and unsecured funding. On the other hand, barriers include the absence of a specific regulatory framework and the challenges of standardized measurement.