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Publication date: 11 December 2024

Julian M. Müller, Nikolai Kazantsev, Richard Allmendinger, Amirhossein Salehi-Amiri, Jacqueline Zonichenn Reis, Shaden Jaradat, Helena Bartolo and Paulo Jorge Da Silva Bartolo

This conceptual paper aims to present a perspective on how to engineer sustainability through the prism of Industry 4.0 technologies and outline propositions to guide future…

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Abstract

Purpose

This conceptual paper aims to present a perspective on how to engineer sustainability through the prism of Industry 4.0 technologies and outline propositions to guide future research.

Design/methodology/approach

This study presents a literature review developing four research propositions, focusing on the nine leading technologies underpinning Industry 4.0 to engineer economic, environmental and social sustainability dimensions.

Findings

The authors derive benefits and challenges of Industry 4.0 technologies across all three business model elements: value creation, value delivery and value capture. The authors derive those for the economic, environmental and social dimensions of sustainability. Thereupon, we develop several propositions for future research.

Practical implications

The authors provide suggestions to practice how to better achieve value in all three sustainability dimensions through implementing a business model perspective, ecosystem thinking, societal demands and Data Governance and AI integration.

Social implications

By linking societal aspects of Industry 4.0 technologies with environmental, and economic aspects, the authors provide several suggestions how to implement Industry 4.0. For instance, policymakers are recommended to support entire ecosystems than isolated solutions.

Originality/value

The paper contributes to extant literature by conceptualising how Industry 4.0 can leverage value in reaching sustainability in all three dimensions and produce broader ecosystems-wide impacts.

Details

Sustainability Accounting, Management and Policy Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8021

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