These developments mean that the perspective is evolving from people serving organizations to organizations serving people. A company's understanding of gaining competitive advantage and using it to create unique added value for customers is changing. In the Industry 5.0 approach, companies adopt the understanding of not only gaining competitive advantage but also using it to create unique added value for employees.
Durability
In the Industry 5.0 approach, the primary focus is not on profit, growth and efficiency. In this approach, it is now important to have more flexible, unbreakable and stronger structures. In recent years, the world has been in a constant crisis. Covid-19, one of the biggest epidemics, and the wars that break out one after another are changing the world agenda. In parallel, Industry 5.0 prioritizes companies' ability to predict possible crises, react, systematically learn from crises at the right time, act more agile and thus ensure stable, sustainable performance.
Such unexpected developments may lead to results such as decreasing stocks and changing demands. For this reason, companies may need to respond faster to production processes and manage processes more accurately. Companies that can manage the crisis can better adapt to changing market conditions. Industry 5.0 to the business world; He says they need to be flexible and resilient and think about how they can survive in a changing and uncertain environment.
Sustainability
To date, many companies have included sustainability-oriented developments in their business strategies. Companies are largely working to reduce damage and minimize damage to the environment. Industry 5.0, on the other hand, refers to the complete inclusion of sustainability in a company's strategy. In other words, we're talking about being truly sustainable companies. Being a truly sustainable company means that a company focuses on increasing its positive impacts on the environment rather than reducing its negative impact.
There are two more concepts about sustainability that have entered our lives with the innovative perspective of Industry 5.0. One of these is the business model called "Net Positive", named after Paul Polman and Andrew Winston. Net Positive, as we have just mentioned, is an approach that focuses on increasing positive impacts on the environment. For example, while a company tries to reduce carbon emissions, it also contributes to nature through methods such as afforestation projects or renewable energy investments. One of the underlying dynamics of Industry 5.0 is that businesses aim to create a net positive impact in their activities.
The concept of "Green Swan", which aims to make our world a better place, also appears in this parallel. Green Swan, which means that a natural disaster occurs unexpectedly and affects a large ecosystem, is a metaphor symbolizing global climate problems, named by John Elkington. It refers to large-scale, extraordinary and often unpredictable events occurring in the environmental and ecological field. For example, an increase in global diseases due to extreme temperatures. Due to these changes, social and economic impacts such as forced human migration and increased health expenses are experienced.
In a possible negative scenario, technological advances resulting from closer cooperation between humans and machines are likely to lead to innovations that will reduce or positively change the environmental impact. For example, the FutureView platform produced by ACSI Labs works on various scenarios by combining artificial intelligence, cognitive science and metadata. Here, specially developed scenarios are created to deal with negative events such as green swans that may occur in real life. Users can make decisions about issues and see what social and economic impacts they might cause.
Industry 5.0 offers companies to be part of the solution, not part of the problem. The concepts of Net Positive and Green Swan also play an important role in this transformation.
We lead digital and green transitions
As SOCAR Türkiye, we are ready for the future with our strong sustainability vision. In 2020, the World Economic Forum (WEF) included only Petkim in the "Global Lighthouse Network", where it identified the world's leading production facilities in the field of Industry 4.0. STAR Refinery was selected to the "Factories of the Future" league in the same field in 2021, becoming the first and only refinery in the world to receive this award.
Our next goal is within the scope of Industry 5.0, which is the industrialization process that focuses on people and leads to digital and green transformation; To provide social, economic and environmental benefits with pioneering projects and business models. As SOCAR Turkey, we prioritize carrying out activities that will strengthen efficiency and productivity as well as the contribution and role of industry to society. With sustainable investment
There are two more concepts about sustainability that have entered our lives with the innovative perspective of Industry 5.0. One of these is the business model called "Net Positive", named after Paul Polman and Andrew Winston. Net Positive, as we have just mentioned, is an approach that focuses on increasing positive impacts on the environment. For example, while a company tries to reduce carbon emissions, it also contributes to nature through methods such as afforestation projects or renewable energy investments. One of the underlying dynamics of Industry 5.0 is that businesses aim to create a net positive impact in their activities.
The concept of "Green Swan", which aims to make our world a better place, also appears in this parallel. Green Swan, which means that a natural disaster occurs unexpectedly and affects a large ecosystem, is a metaphor symbolizing global climate problems, named by John Elkington. It refers to large-scale, extraordinary and often unpredictable events occurring in the environmental and ecological field. For example, an increase in global diseases due to extreme temperatures. Due to these changes, social and economic impacts such as forced human migration and increased health expenses are experienced.
In a possible negative scenario, technological advances resulting from closer cooperation between humans and machines are likely to lead to innovations that will reduce or positively change the environmental impact. For example, the FutureView platform produced by ACSI Labs works on various scenarios by combining artificial intelligence, cognitive science and metadata. Here, specially developed scenarios are created to deal with negative events such as green swans that may occur in real life. Users can make decisions about issues and see what social and economic impacts they might cause.
Industry 5.0 offers companies to be part of the solution, not part of the problem. The concepts of Net Positive and Green Swan also play an important role in this transformation.
We lead digital and green transitions
As SOCAR Türkiye, we are ready for the future with our strong sustainability vision. In 2020, the World Economic Forum (WEF) included only Petkim in the "Global Lighthouse Network", where it identified the world's leading production facilities in the field of Industry 4.0. STAR Refinery was selected to the "Factories of the Future" league in the same field in 2021, becoming the first and only refinery in the world to receive this award.
Our next goal is within the scope of Industry 5.0, which is the industrialization process that focuses on people and leads to digital and green transformation; To provide social, economic and environmental benefits with pioneering projects and business models. As SOCAR Turkey, we prioritize carrying out activities that will strengthen efficiency and productivity as well as the contribution and role of industry to society. With sustainable investments, innovative technologies and digital transformation, we are taking strong steps towards becoming one of Europe's leading petrochemical and integrated refinery facilities and production bases.
We work for tomorrow with today's energy.
