Modeling and Analysis of sustainability performance Indicators in spool fabrication industry.

Abstract

Abstract The digitalized sustainability has become an inevitable element in the business strategies of organizations. Despite its huge potential, the implementation is a tedious and complicated task. Regardless of their prominent role in the oil & gas sector, the adaptation of sustainability in the spool fabrication industries is in the embryonic stage due to major impediments like organizational readiness, financial hurdles, lack of awareness and proper education, absence of stakeholder participation and lack of management support. In prior to the adaptation, the status quo of sustainability in the spool fabrication industry is to be assessed. The literature survey elucidated that there exists a dearth of studies pertinent to indicators of digitalized sustainable manufacturing in the spool fabrication industries. The objective of the current study is to assess the sustainability indicators in the spool fabrication business through a thorough examination of the literature and validation by professional opinion. The final list of indicators are accomplished by the expert’s opinion for exclusion of insignificance and inclusion of specific ones. The final list encompasses 9 Environmental indicators, 8 Economic Indicators and 10 Social Indicators which will be beneficial for developing sustainable strategies and serve as guidelines for the implementation of sustainable practices in spool fabrication industry.