Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces
Increasing globalization and climate change have significantly affected business activities. Government and other stakeholders are creating pressure to have a sustainable business model for efficient resource utilization and minimizing negative environmental impact. Many organizations have started f...
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| Fformat: | Erthygl |
| Iaith: | English |
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Springer
2023
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| Mynediad Ar-lein: | https://repository.londonmet.ac.uk/8385/3/Revised%20Manuscript%20-%20Accepted%20Version.pdf |
| _version_ | 1825625792949780480 |
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| author | Agrawal, Rohit Priyadarshinee, Pragati Kumar, Anil Luthra, Sunil Garza-Reyes, Jose Arturo Kadyan, Sneha |
| author_facet | Agrawal, Rohit Priyadarshinee, Pragati Kumar, Anil Luthra, Sunil Garza-Reyes, Jose Arturo Kadyan, Sneha |
| author_sort | Agrawal, Rohit |
| collection | LMU |
| description | Increasing globalization and climate change have significantly affected business activities. Government and other stakeholders are creating pressure to have a sustainable business model for efficient resource utilization and minimizing negative environmental impact. Many organizations have started focusing on sustainable and cleaner production through the adoption of net zero economy (NZE) practices. Certain technological advancements are required to put these concepts into practice. Firms have begun to adopt digital technologies (such as Big Data Analytics, Artificial Intelligence, and Internet of Things, among others), and have been widely used in practice to achieve NZE. Is digitalization unlocking the potential of sustainable practices in the context of a net zero economy? This question is still unanswered, therefore this study aims to identify and analyse the drivers of digitalization that ensure sustainable practices to achieve net zero economy. Through an extensive literature review and experts’ opinions, a list of drivers was identified. An empirical investigation was conducted to validate the identified drivers and further understand the influencing relationship among the drivers, Pythagorean Fuzzy-Decision Making Trial and Evaluation Laboratory (PF-DEMATEL) was employed. The findings of the study show that ‘high degree of automation’, ‘enhancing the flexibility in the manufacturing process’, and ‘real-time sensing capability’ are the main influencer drivers among all cause group forces. The present study can be a source for industrial practitioners and academia that can provide significant guidance on how the adoption of digitalization can unlock the potential to achieve CE, which can lead us towards net-zero. |
| first_indexed | 2024-07-09T04:06:27Z |
| format | Article |
| id | oai:repository.londonmet.ac.uk:8385 |
| institution | London Metropolitan University |
| language | English |
| last_indexed | 2024-07-09T04:06:27Z |
| publishDate | 2023 |
| publisher | Springer |
| record_format | eprints |
| spelling | oai:repository.londonmet.ac.uk:83852024-03-18T01:58:11Z https://repository.londonmet.ac.uk/8385/ Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces Agrawal, Rohit Priyadarshinee, Pragati Kumar, Anil Luthra, Sunil Garza-Reyes, Jose Arturo Kadyan, Sneha 330 Economics 650 Management & auxiliary services Increasing globalization and climate change have significantly affected business activities. Government and other stakeholders are creating pressure to have a sustainable business model for efficient resource utilization and minimizing negative environmental impact. Many organizations have started focusing on sustainable and cleaner production through the adoption of net zero economy (NZE) practices. Certain technological advancements are required to put these concepts into practice. Firms have begun to adopt digital technologies (such as Big Data Analytics, Artificial Intelligence, and Internet of Things, among others), and have been widely used in practice to achieve NZE. Is digitalization unlocking the potential of sustainable practices in the context of a net zero economy? This question is still unanswered, therefore this study aims to identify and analyse the drivers of digitalization that ensure sustainable practices to achieve net zero economy. Through an extensive literature review and experts’ opinions, a list of drivers was identified. An empirical investigation was conducted to validate the identified drivers and further understand the influencing relationship among the drivers, Pythagorean Fuzzy-Decision Making Trial and Evaluation Laboratory (PF-DEMATEL) was employed. The findings of the study show that ‘high degree of automation’, ‘enhancing the flexibility in the manufacturing process’, and ‘real-time sensing capability’ are the main influencer drivers among all cause group forces. The present study can be a source for industrial practitioners and academia that can provide significant guidance on how the adoption of digitalization can unlock the potential to achieve CE, which can lead us towards net-zero. Springer 2023-03-18 Article PeerReviewed text en https://repository.londonmet.ac.uk/8385/3/Revised%20Manuscript%20-%20Accepted%20Version.pdf Agrawal, Rohit, Priyadarshinee, Pragati, Kumar, Anil, Luthra, Sunil, Garza-Reyes, Jose Arturo and Kadyan, Sneha (2023) Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces. Environmental Science and Pollution Research. ISSN 0944-1344 https://doi.org/10.1007/s11356-023-26434-2 10.1007/s11356-023-26434-2 10.1007/s11356-023-26434-2 |
| spellingShingle | 330 Economics 650 Management & auxiliary services Agrawal, Rohit Priyadarshinee, Pragati Kumar, Anil Luthra, Sunil Garza-Reyes, Jose Arturo Kadyan, Sneha Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title | Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title_full | Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title_fullStr | Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title_full_unstemmed | Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title_short | Are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy? An analysis of driving forces |
| title_sort | are emerging technologies unlocking the potential of sustainable practices in the context of a net zero economy an analysis of driving forces |
| topic | 330 Economics 650 Management & auxiliary services |
| url | https://repository.londonmet.ac.uk/8385/3/Revised%20Manuscript%20-%20Accepted%20Version.pdf |
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