Toward sustainability 4.0: A comprehensive analysis of sustainability in corporate environment

Title

Toward sustainability 4.0: A comprehensive analysis of sustainability in corporate environment

Creator

Wankhar V.; Fukey L.; Sinha M.

Description

Sustainability is one of the key requirements for any business, and continuously changing business requirements and the environment are the main drivers of sustainable business practices. However, there exist gaps in recognizing and aligning these sustainable practices with everyday operational activities. This study's aim is to explore the current awareness level in business leaders and stakeholders about corporate responsibility toward sustainability and reflects on the obstacles encountered by them in diverse built environments, laying the groundwork for addressing these hurdles and contributing toward the overall sustainable development. The study has two major findings: the analysis revealed that there is a paradigm shift in the understanding of sustainability; in contrast to earlier publications, newer publications focus on technological advancements such as the use of "Green Building Information Management" and "Green Internet of Things" illustrating the real-time implications of sustainable practices. Further analysis found a knowledge gap that exists among business leaders in understanding the concept of sustainable development. This, in essence, poses a burden for corporate leaders to keep up with ongoing technological developments. The study concludes that to achieve sustainable growth, leadership in the corporate environment needs a 360-degree view of sustainability, allowing them to assign equal value to the environment, social, and economic pillars of sustainability to address the current issues leveraging from the state-of-the-art technological innovations. The Author(s), under exclusive license to Springer Nature Switzerland AG 2021. All rights reserved.

Source

Green Technological Innovation for Sustainable Smart Societies: Post Pandemic Era, pp. 67-87.

Date

2021-01-01

Publisher

Springer International Publishing

Subject

Circular economy; Corporate sustainable responsibility; Green Building Information Management; Green Internet of Things; Greenhouse gas emissions; Net-zero energy buildings

Coverage

Wankhar V., School of Business and Management CHRIST (Deemed to be University), Bangalore, India; Fukey L., School of Business and Management CHRIST (Deemed to be University), Bangalore, India; Sinha M., School of Business and Management CHRIST (Deemed to be University), Bangalore, India

Rights

Restricted Access

Relation

ISBN: 978-303073295-0; 978-303073294-3

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1007/978-3-030-73295-0_4

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85119979779&doi=10.1007%2f978-3-030-73295-0_4&partnerID=40&md5=06f64252c66b6e639d7ee650cb03c2ad