MANUFACTURING SECTOR SPOTLIGHT
Insights from 400 operational professionals and 275 business leaders, working in the manufacture of chemicals, food and beverage, pharmaceuticals, paper and plastics.
Reduce, reuse and recycle
Businesses in the manufacturing sector were focused on reducing waste in order to make them more sustainable. Reducing waste to landfill is the top organisational priority according to both operational professionals and business leaders, followed by ensuring products used are recycled (operational professionals) and ensuring products made are recyclable or biodegradable (business leaders).
Companies will need to be relentless in their search for efficiency gains, exploring every avenue and making incremental improvements wherever possible. Manufacturing companies are pursuing a range of strategies to improve energy efficiency and reduce waste, and Castrol is working with some of them to develop new products and services that can help them operate in a more sustainable way.— Susan Frame, Global Marketing Director, Castrol Industrial
What are the top three barriers in preventing focus on sustainability in the manufacturing sector?
According to operational professionals:
- Lack of return on investment (54%)
- The lifespan of key technology (52%)
- Lack of clear business strategy for delivering sustainability (52%)
According to business leaders:
- Lack of capital to fund our sustainability strategy (40%)
- Focus on short term performance due to COVID-19 pandemic (39%)
- Lack of support for sustainability from my business’s wider leadership team (39%)
You can find more details on the transition to a sustainable economy from the manufacturing sector in the insights section of the report.
