Integrative model for integrating green initiatives in Industry 4.0 enterprises

University of Food Technologies – Plovdiv, Faculty of Economics, 4000 Plovdiv, 26 Maritsa blvd., Bulgaria

^* Corresponding author: i.kulova@abv.bg

Abstract

The convergence of green initiatives and Industry 4.0 presents both opportunities and challenges for modern enterprises. The aim of this study is to propose a model that offers a structured approach for companies and entrepreneurs to embed green initiatives into their operations, capitalizing on the technological advancements and operational efficiencies of Industry 4.0. By drawing parallels to Intel's Environmental, Social, and Governance (ESG) framework, this model is designed to be comprehensive, addressing critical aspects such as resource efficiency, supply chain sustainability, and technology-driven innovation. The proposed Integrative Model provides a strategic roadmap for achieving sustainability goals while leveraging the technological advancements of Industry 4.0. By incorporating cutting-edge technologies such as IoT, big data analytics, and advanced manufacturing, the model not only enhances operational efficiency but also promotes sustainable practices across the value chain. The study underscores the necessity of a phased approach for implementation, involving assessment, strategic planning, and continuous improvement. This model complements existing frameworks like Intel's ESG by providing specific tools and strategies tailored to the unique demands of Industry 4.0 enterprises. Ultimately, it serves as a critical resource for companies aiming to achieve a competitive advantage through sustainable, technology-driven practices.