Towards Smarter Sustainability: SPHERE as a Framework for Hybrid Economic Models

Rémi Raher ()
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Rémi Raher: ESPI2R - Laboratoire ESPI2R Research in Real Estate [Nantes] - ESPI - Ecole Supérieure des Professions Immobilières, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université

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Abstract: Traditional ESG metrics and sustainability reports provide valuable insights but they often fail to capture the true complexity of hybrid economic models. Organizations balancing profitability, social responsibility, and environmental impact need more than generic checklists: they need a framework that reflects the real trade-offs and interdependencies shaping their decisions. This paper introduces the SPHERE Framework (Sustainable Performance Hybrid Evaluation and Reporting Environment), a practical model for evaluating sustainable performance in organizations that integrate financial imperatives with ecological responsibility. SPHERE is structured around three key dimensions: 1) Financial viability – Ensuring economic balance while integrating sustainability constraints. 2) Societal impact – Measuring stakeholder value creation beyond financial returns. 3) Environmental sustainability – Translating green commitments into measurable transformation. Through case studies of public-private partnerships, investment funds with impact mandates, and circular economy pioneers, we demonstrate how SPHERE can provide a decision-making tool that goes beyond compliance. In an era where hybrid models are reshaping industries, this framework offers a pragmatic, data-driven approach to measuring what truly matters.

Keywords: Governance; Integrated reporting; Circular economy; Public-private partnerships; Triple bottom line; Impact measurement; Sustainable performance; Hybrid economic models; SPHERE Framework (search for similar items in EconPapers)
Date: 2025-06-13
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Published in FMOS 2025 - At the crossroads of Finance, Marketing, and Operations for Sustainable Business, American Institute of Applied Sciences Institute in Switzerland, Jun 2025, La Tour-de-Peilz, Switzerland

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