The Relationship Between Industry 5.0 Process and ESG Process: A Qualitative Analysis in the Context of Türkiye's BIST Sustainability 25 Index White Good Sector

Abstract

This study aims to determine the relationship between Industry 5.0 processes and ESG (environmental, social and governance) processes. For this purpose, the annual reports of Vestel and Arçelik enterprises in the white goods sector, included in the BIST Sustainable 25 Index in Turkey, were analysed. Descriptive and content analysis were used in the study. The results show a close relationship between the concepts of Industry 5.0 and ESG processes. It can also be said that this relationship is bidirectional. In other words, investing in the ESG process will contribute positively to the Industry 5.0 process, and in the Industry 5.0 process will contribute positively to the ESG process. As a result of the analysis, it was determined that both enterprises carried out studies in accordance with the components of digital transformation, environment, employees and society and resilience of businesses in the Industry 5.0 process. In addition, studies on the ESG process have shown that both companies have similar characteristics. It is also one of the results that the studies carried out within the scope of the ESG process are carried out in collaboration with technology. No terminology related to Industry 5.0 was found in the documents analysed for either Vestel or Arçelik. The study results reveal that both companies exhibit weaknesses in the "Technology for Employees and People" section, an essential component of the Industry 5.0 process. The similarity of both companies in ESG-related issues may be associated with their inclusion in the BIST Sustainability 25 index. Integrating the technologies inherited from the Industry 4.0 process into the Industry 5.0 process and the themes of the ESG concept reveals the motto "Technology for Humanity".