Abstract
Green industrialization is critical for Namibia’s sustainable economic growth, ensuring environmental preservation while promoting industrial development. The corporate sector is a key driver in this transition, adopting sustainable business models, clean technologies, and responsible resource management to align with national policies and global climate commitments. However, limited private sector engagement and regulatory challenges hinder progress.
This study aims to analyze the role of the corporate sector in advancing green industrialization in Namibia. It explores corporate sustainability initiatives, green technology investments, and policy alignment. The research also identifies challenges and opportunities for businesses to contribute to eco-friendly industrialization. A mixed-method approach is employed, including qualitative analysis of corporate sustainability reports, interviews with industry stakeholders, and a review of government policies on green industrialization. Furthermore, the study also utilized the SCOPUS database, and a comprehensive bibliometric analysis was conducted on 104 articles published between 2015 and 2024. VOS spectator version 1.6.20 was employed to generate visualizations and analyze keyword co-occurrence and clustering patterns. The findings indicate that the literature predominantly spans disciplines including energy, environmental studies, climate change, economics, business, and management.
While some Namibian corporations have adopted green practices, overall participation remains limited due to financial constraints, inadequate policy incentives, and a lack of technical expertise. The corporate sector has the potential to drive Namibia’s green industrialization, but stronger policy frameworks, financial incentives, and capacity-building initiatives are needed. Public-private partnerships and regulatory support can accelerate corporate engagement, ensuring a sustainable industrial future for Namibia.