Over the past decade, the topic of sustainable development has gained importance across various sectors. The development of this topic has been driven by increasingly stringent regulations in different industry sectors, higher potentials for product diversification and increased public awareness. Industrial sector plays an important role for achieving a green and sustainable economy. On a global scale, the industrial sector accounts for one third of total greenhouse gas (GHG) emissions-more than residential, commercial, or transportation sectors. The sustainability strategy development of various companies in industrial segment has witnessed a shift towards the green economy concept which is vastly influenced by the “Sustainable Development Goals” developed by the United Nations in 2012.
The stakeholders in industrial segment device sustainability strategies and business models that enable a low-carbon, resource efficient and socially inclusive economy. The research service is focused on the profiling and benchmarking of various sustainability strategies developed and adopted by global companies in industrial sector - Siemens, Philips, Schneider Electric, ABB, Veolia and CNH Industrial.