Applicability of industry 4.0 technologies in the adoption of global reporting initiative standards for achieving sustainability

Narula, Sanjiv, Puppala, Harish, Kumar, Anil, Frederico, Guilherme, Dwivedy, Maheshwar, Prakash, Surya and Wankhede, Vishal A. (2021) Applicability of industry 4.0 technologies in the adoption of global reporting initiative standards for achieving sustainability. Journal of Cleaner Production. ISSN 0959-6526 (In Press)

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Abstract / Description

Global reporting initiative (GRI) is the global standard of sustainability. It epitomizes the global best practice of triple bottom line, i.e., economic, environmental, and social impacts. This research is an expert-based analysis of 132 industry leaders and policymakers from 36 industries to evaluate the significance of Industry 4.0 (I4.0) technologies on GRI adoption. In the first phase, the influence of I4.0 on GRI standards is analysed using basic descriptive statistics and analysis of variance. In the second phase, the significance of the GRI standards in the context of I4.0 is evaluated using the Fuzzy Analytical Hierarchy Process (AHP). The findings indicate that 85% of environmental, 65% economic, and 50% societal GRI standards are influenced by I4.0. It is also found that the influence on economic performance, indirect economic impacts, energy, and emissions are significantly high. Findings ratify that the social aspect, which is often overlooked, needs more focus in manufacturing. Most of the contemporary research on evaluating the impact of I4.0 on sustainability is conceptual, lacks comprehensiveness, and rigor by thorough testing and validation. This study is one of the pioneering works offering a conceptual framework that aids in integrating I4.0 with GRI.

Item Type: Article
Uncontrolled Keywords: industry 4.0; sustainability; government policy; global reporting initiative; digitisation; industrial internet of things
Subjects: 600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
Depositing User: Anil Kumar
Date Deposited: 13 Apr 2021 15:42
Last Modified: 13 Apr 2021 15:42
URI: http://repository.londonmet.ac.uk/id/eprint/6517

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