The last decade has seen an immense shift in focus towards environmental responsibility across all industries. ESG (Environmental, Social and Governance) goals have begun to dominate corporate conversations, as increasingly stringent government targets and consumer preferences demand lower carbon emissions.
As research into the effect of greenhouse gases and fossil fuels becomes more extensive, sectors are required to take accountability for their emissions. As a result, eyes have focused firmly onto the manufacturing industry, which contributes 24.6% of the world’s greenhouse gas emissions.
It’s never been more vital for manufacturers to take responsibility and reassess all aspects of their production process to reduce carbon emission levels, from sourcing and procurement to manufacturing and transportation. Even the smallest of changes could have a significant, positive impact on industry’s carbon footprint.
Eco-friendly manufacturing can also have a considerable impact on business wins and profit. It’s recently been found that 44% of consumers are now more likely to buy from a brand with a clear commitment to sustainability, a number that is likely only to increase. As more and more people assess their personal contributions to global warming, many are re-evaluating the businesses they partner with.
In recent times, manufacturers have engaged with sustainable initiatives purely from the point of view of efficiency, as they aim to streamline supply chains and counter rising commodity prices. But sustainability goes beyond these bigger challenges, and many smaller, more tangible changes can have an immediate and positive effect.
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