Energy Management Practices In an Autoancillery to Reduce Carbon Footprint for Environmentally Sustainable Manufacturing

Abstract

In the era of extreme global competition the industries are more focusing on adoption of latest and advanced technology and sustainable manufacturing practices. These days manufacturing is also viewed from broader perspective of sustainability, therefore, manufacturing companies are also pushing them to achieve various dimensions of sustainability, such as social, economical and environmental. Industries are regularly working on reducing their carbon footprint. Energy management is one of the method through which industries are focusing on reduction of carbon footprint and cost to become more sustainable in this competitive time. Regular cost reduction pressure on auto component manufacturing company from their Original Equipment Manufacturer (OEM) is increasing day by day due to competition in market. To compensate the pressure auto-component manufacturing industries are taking many initiatives. Apart from raw material and manpower cost, energy cost is also one of the major contributors. Due to carbon footprint the role of energy management has greatly expanded. Major industries are contracting with energy service providers to implement energy management practices to improve efficiency. The present study aims to identify the energy management practices adopted by an auto ancillary to reduce its carbon footprint for environmentally sustainable manufacturing.