A concern about the current state of relations between industry and the environment is

often neglected. However, it is important to underline that industry and sustainability are

not mutually exclusive. There are many industrial processes to blame when analyzing the

negative impact on current socio-ecological environment. The emerging question is whether

companies nowadays are ready to face challenges in the name of sustainability, the future

of the planet and generations to come. In addition, an assessment of industrial processes

may be very time-consuming and costly in financial terms. This fact allows developing sustainability

assessment approach and its measures for keeping track on to evaluate scale of

environmental, social and economic changes. The goal of the paper is to develop a multicriteria

decision-making approach for sustainability assessment of renewable energy technology.

A sustainability assessment approach combines life cycle-based methods integrated with

multi-criteria decision-making method based on analytical hierarchy process. The resulting

assessment method allows finding a compromise between industry and the environment and

identify potential intervention points for further research. As a result of decision-making

process, string ribbon technology was considered as the most sustainable. The applicability

of the proposed method is assessed based on photovoltaic panels.