Can green finance facilitate Industry 5.0 transition to achieve sustainability? A systematic review with future research directions

Dhayal, Karambir Singh; Giri, Arun Kumar; Kumar, Anil; Samadhiya, Ashutosh; Agrawal, Shruti; Agrawal, Rohit

doi:10.1007/s11356-023-29539-w

Cited by 23 publications

(2 citation statements)

References 140 publications

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“…Considering sustainability issues, three types of factor appear-social, economic, and ecological [41]. Social factors are related to the society and its needs, while economic factors reflect the economic steadiness of a particular firm or industry, and ecological factors represent the state of the environment [27,41,42]. These factors are also referred to throughout the Sustainable Development Goals (SDGs) established by the United Nations [6].…”

Section: Industry 50: Sustainability Approachmentioning

confidence: 99%

The Evaluation of Industry 5.0 Concepts: Social Network Analysis Approach

Slavic,

Marjanovic,

Medic

et al. 2024

Applied Sciences

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During 2022 and 2023, Industry 5.0 attracted a lot of attention. Many articles and papers regarding the basics of Industry 5.0, its pillars, and a comparison of Industry 5.0 and Industry 4.0, Society 5.0, and Operator 5.0 have been published. Although the concept of Industry 5.0 is relatively new, companies from developed countries that have a high level of implementation of Industry 4.0 have already started the transition to Industry 5.0. Even though Industry 5.0 enables developing countries to become a part of developed countries’ value chains, it is not known which path to Industry 5.0 developing countries are taking. To fill this gap, the authors proposed research questions regarding the key indicators for measuring the levels of implementation of Industry 5.0 approaches in the manufacturing sector of the Republic of Serbia. This research includes insights from 146 manufacturing companies, gathered in 2022 as a part of the European Manufacturing Survey. The main findings of this study show that the most important indicator when it comes to human-centricity is training and competence development of production employees with a task-specific focus; the implementation of measures for improving efficiency in material consumption is significant for achieving sustainability; and the use of standardized and detailed work instructions is crucial in order to become resilient.

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Section: Industry 50: Sustainability Approachmentioning

confidence: 99%

The Evaluation of Industry 5.0 Concepts: Social Network Analysis Approach

Slavic,

Marjanovic,

Medic

et al. 2024

Applied Sciences

View full text Add to dashboard Cite

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“…Similarly, while these economic gains are beneficial, principles of fairness distribution and long-term sustainability are noteworthy. • Agricultural Productivity: The study discloses that significant comparisons are existing between the size of the farm and the level of productivity of agriculture, which is of the largest scale or farmers stages by economic phenomenon as the economies of scale, a better technology and better resources [13]. • Farm Income: Large farming enterprises earn very high farm income; but small homeland farmers have low income, and go on to bear brunt of market instabilities, volatility of input prices, and indebtedness trap.…”

Section: Social Indicatorsmentioning

confidence: 99%

Green Revolution and Sustainability Impact in the Indian Economy

Ms. Himani Gupta, Namrata Jain

2024

jier

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This work assesses the Indian economy by evaluating the environment, economy, and society. It determines the Green Revolution’s impact on sustainability. Sustainability analysis is wide-ranging and, in its scope, it exposes uneven sustainability prospects across regions, whereby the South region demonstrates environmental resilience that is higher than the North and East regions. The environmental indicators such as soil management, water management and biodiversity are moderately good or good in case of South region. However, the region of East and North have environmental degradation in varying degrees. On the economic side, different metrics are used to show the discrepancies between smallholders and large-scale farmers which means that the former have a lower standard of living and a lack of access to the market. Social indexes emphasise the concept of inequality and insecurity of the North and East region. So, these policies demand the formulation of inclusive policies and targeted programmes in order to rectify the socioeconomic disparities. Therefore, the research reaffirms the significant role of region-specific solutions along with the adoption of up-to-date technologies and progressive developmental strategies in promoting Indian agriculture's progressive transformation.

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Model of Relationship Between Circular Economy and Industry 5.0

Sulich

2024

IFIP Advances in Information and Communication Technology

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Can green finance facilitate Industry 5.0 transition to achieve sustainability? A systematic review with future research directions

Cited by 23 publications

References 140 publications

The Evaluation of Industry 5.0 Concepts: Social Network Analysis Approach

The Evaluation of Industry 5.0 Concepts: Social Network Analysis Approach

Green Revolution and Sustainability Impact in the Indian Economy

Model of Relationship Between Circular Economy and Industry 5.0

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