Supply Chain ESG Strategies

2023/2024

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Operations Management and Logistics

Course type:

Compulsory course

When:

4 year, 2 module

Instructor

Akim, Mikhail

Course Syllabus

Abstract

Technology today plays a critical role across all industries and sectors, helping businesses identify and eliminate bottlenecks in their operations. As organizations strive to become more sustainable, technology can be instrumental in delivering on organizations' environmental, social and governance (ESG) mandates and helping them on their transformation journey. Technology will not only help organizations in their ESG journey, but will also provide them with opportunities to innovate and explore, and reimagine them in terms of their products, customers and the stakeholders with whom they interact. A company's environmental, social and governance (ESG) performance is becoming increasingly important to corporate leaders. This is not just a reporting requirement, it is also important as large investors and clients scrutinize reports and initiatives taken by management in these areas. Energy is a critical pillar of economic growth for businesses and countries. The traditional investment paradigm is being phased out in favor of investments that prioritize environmental, social and corporate responsibility. The energy sector is one of the hardest hit. The transition to a more inclusive, sustainable, economic and secure global energy platform that addresses global environmental challenges while creating value should be highlighted. Dependence on fossil fuels can be changed by developing new alternative energy sources. In recent years, industrial production processes have undergone a transformation as a result of increasing digitalization , leading to the creation of intelligent, connected and decentralized production. The introduction of the Internet of Things ( IoT ), the fourth industrial revolution or Industry 4.0, enables technologies that seamlessly integrate engineering and business processes, allowing manufacturing to evolve in a scalable, efficient and sustainable manner while maintaining consistently high quality and low cost. This makes it possible to reduce costs at the enterprise level and also on a per unit basis. Currently, the scope of digital transformation is limited, and the analysis of business sustainability factors during digital transformation requires detailed analysis. It is important to identify and incorporate Industry 4.0 factors and solutions, all relevant technologies, taking into account the impact on ESG. A rapidly changing world provides exceptional investment opportunities to integrate and develop new technologies to support the ESG transition