Fully Charged : Analysing Vehicle-to-Grid’s Potential to Contributing Shared Value for Multinational Large-Fleet Operators

Abstract: The effects of businesses all over the globe on social issues like climate change have caused an increasing demand for those businesses to take responsibility for their actions. While corporate social responsibility has been concerned with such topics for a while, the more recent concept of ‘creating shared value’ aims to have a more justified approach in a way that it provides economic value for the implementing company while also targeting social issues simultaneously. Still, specific tools helping companies to implement initiatives that create shared value are missing.Multinational large-fleet operators, such as logistics companies or car rental services, are considered to contribute a significant share to the earlier mentioned social issue of climate change. With the rising adoption of electric vehicles by such large-fleet operators, the concept of Vehicle-to-Grid is identified as a way for multinational large-fleet operators to create shared value. Vehicle-to-Grid is a technology that promises to help increase the utilisation of renewable energy sources, thereby helping to tackle climate change. Since the concepts of creating shared value and Vehicle-to-Grid have not been combined so far, a research gap was identified. Therefore, this research aims to answer the questions of how Vehicle-to-Grid can create shared value for multinational large-fleet operators and how expected results of that implementation can be measured for the implementing company, society and other considered stakeholders.Empirical data is collected by qualitatively interviewing organisations that have been involved in Vehicle-to-Grid related projects and is analysed with the help of a conceptual framework that the authors developed. The conclusion of this study closes the identified research gap and contributes to the theory of how shared value initiatives can be implemented. The research suggests that for multinational large-fleet operators, shared value creation by implementing Vehicle-to-Grid could be achieved by redefining productivity in the value chain and enable local cluster development. Additionally, the research gives implications on how progress for all considered parties can be measured and suggests managerial and policy implications that would help to define Vehicle-to-Grid business cases in the future.