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What is Eco-Efficiency

Technological Developments in Industry 4.0 for Business Applications
Philosophy that aims to encourage entities achieve environmental improvements that yield simultaneous economic benefits.
Published in Chapter:
Towards Industry 4.0: Efficient and Sustainable Manufacturing Leveraging MTEF – MTEF-MAESTRI Total Efficiency Framework
Emil Lezak (IZNAB Sp. z o.o., Poland), Enrico Ferrera (Istituto Superiore Mario Boella, Italy), Rosaria Rossini (Istituto Superiore Mario Boella, Italy), Zofia Masluszczak (Lean Enterprise Institute Poland, Poland), Malgorzata Fialkowska-Filipek (Lean Enterprise Institute Poland, Poland), Gunnar Große Hovest (ATB - Institut für angewandte Systemtechnik Bremen GmbH, Germany), Alexander Schneider (Fraunhofer FIT, Germany), Emanuel J. Lourenço (Instituto de Ciência e Inovação em Engenharia Mecânica e Engenharia Industrial, Portugal), Antonio J. Baptista (Instituto de Ciência e Inovação em Engenharia Mecânica e Engenharia Industrial, Portugal), Gonçalo Cardeal (Instituto de Soldadura e Qualidade, Portugal), Marco Estrela (Instituto de Soldadura e Qualidade, Portugal), Ricardo Rato (Instituto de Soldadura e Qualidade, Portugal), Maria Holgado (University of Cambridge, UK), and Steve Evans (University of Cambridge, UK)
DOI: 10.4018/978-1-5225-4936-9.ch009
Abstract
An overview of the work under development within the EU-funded collaborative project MAESTRI is presented in this chapter. The project provides a framework of new Industrial methodology, integrating several tools and methods, to help industries facing the fourth industrial revolution. This concept, called the MAESTRI Total Efficiency Framework (MTEF), aims to advance the sustainability of manufacturing and process industries by providing a management system in the form of a flexible and scalable platform and methodology. The MTEF is based on four pillars: a) an effective management system targeted at continuous process improvement; b) Efficiency assessment tools to support improvements, optimization strategies and decision-making support; c) Industrial Symbiosis paradigm to gain value from waste and energy exchange; d) an Internet-of-Things infrastructure to support easy integration and data exchange among shop-floor, business systems and MAESTRI tools.
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Ecological Performance as a New Metric to Measure Green Supply Chain Practices
A strategy that emphasize on resource and energy optimization and waste minimization. It advocates balance development between economic and ecology.
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Sustainable Consumption and Green Marketing in Developing Countries: Contemporary Perspective Using Nigeria and Kenya as Case Studies
This is usually calculated as the economic value added by a firm in relation to its aggregated ecological impact.
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Ecological Performance as a New Metric to Measure Green Supply Chain Practices
A strategy that emphasize on resource and energy optimization and waste minimization. It advocates balance development between economic and ecology.
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Knowledge Management for the Circular Economy
A process of reducing ecological damage and at the same time maximizing the efficiency of company’s production process utilising less water, material, and energy while recycling.
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Sustainable Performance Evaluation for European Airports With Principal Component Approach
Acting more environmentally efficiently while increasing the value-added performance.
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Strategic Directions in European Sustainable City Management
A concept based on the principles of the use of high efficiency production methods and technology, the use of less energy and natural resources for the same amount of production and the more advanced waste management system. As a concept and strategy approach it also enables efficient use of productive capacity sources alongside with preservation of equality in terms of environmental economy. Integrative and pro-active concepts of eco-efficiency have an extensive impact on environment composing a wide range of economic and social benefits.
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Corporate Social Responsibility (CSR) and the 2030 Agenda in the Framework of New Trends in Tourism and Hotel Companies' Performance
The relationship between the value of the product or service produced by a company and the sum of environmental impacts throughout its life cycle.
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Alignment of Organizational Competence for Sustainability With Dimensions of the Triple Bottom Line
Balanced action of the economic and social pillars of sustainability through the pursuit of economic prosperity through more efficient use of resources and reduction of environmental degradation.
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