Sustainability - the key to manufacturing future

Over the past three decades, there’s been a paradigm shift in attitude towards sustainability. Previously condemned to an afterthought, corporate sustainability has now become part of the mainstream discourse, with more than eight in 10 CEOs believing that businesses now must lead efforts to deliver on environmental goals.

I strongly believe that organizations now have an enormous responsibility and opportunity to move towards more sustainable business models with economies now returning to pre-pandemic productivity(opens in new tab) levels.

As environmental, social, and governance (ESG) goals move to the center of decision-making criteria for both investors and tender processes, the organizations that succeed in the years to come will be those that make sustainability a core tenet of their operations.

While the manufacturing industry has made significant strides in boosting its ESG credentials over recent years, there is undoubtedly more that can be done, especially for organizations with the stated goal of becoming net zero. From sourcing to engineering, production to transportation, a concerted effort is required across sectors if meaningful and long-lasting change is to be achieved. This will not only help avert the climate crisis but also help increase profitability; almost half of manufacturing executives report that their environmental sustainability initiatives measurably boosted their corporate financial performance.

Author - Paul Sedman

Ref: published By CP Gurnani TechRadar Pro 15 February 2023