Sector trends

Why sustainability makes sense for manufacturers

WMG and the High Value Manufacturing Catapult in partnership with NatWest are introducing a new webinar series which explores how sustainable manufacturing practices can lead to positive impacts on profit as well as the environment.

Climate change is the biggest crisis facing the world today, and all businesses must unite to tackle it. The UK government is committed to bringing all greenhouse gas emissions to net zero by 2050 compared to 1990 levels, by investing in green technologies and decarbonisation measures. As the eyes of the world turn to Glasgow for the COP26 UN Climate Change Conference in November, all businesses are expected to show how they are minimising their environmental impact.

For manufacturing businesses, which often have premises or suppliers in climate-vulnerable zones, climate change is a significant risk. But in order for the sector to meet net-zero targets, it has to tackle a range of day-to-day, practical issues, including the use of materials such as plastic, rising energy costs, and the streamlining of processes. 

Businesses in the sector are also aware of the benefits and new opportunities a sustainable manufacturing strategy could bring. Increases in resource efficiency, a reduction in costs and waste and a reduced carbon footprint are all on the table, along with the competitive advantage that will come from meeting the gold standards of customers and supply chains.

Dr Kathi Kaesehage, Director of Research at the Centre for Business, Climate Change and Sustainability and Lecturer in Climate Change and Business Strategy at the University of Edinburgh Business School, is one of the guest speakers in the webinar series. She says all stakeholders must act.

“Climate change as a ‘grand challenge’ is incredibly complex to comprehend and as such scientific evidence alone leads to minimal behaviour change,” she says. “It’s of vital importance to make climate change actionable through co-developing mitigation and adaptation solutions, across decision making levels, from a variety of knowledge disciplines.”

The next step is action: to find out how to embed sustainability confidently and successfully into business models and provide solutions.

The world is changing. To make sure you’re aware of the climate challenges for the manufacturing industry and the latest insights and innovations that can help you pivot and adapt your business for the future, register for the Sustainable Manufacturing Insights webinar series.

This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of NatWest Group, as of this date and are subject to change without notice. Copyright © NatWest Group. All rights reserved.

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