In the context of Industry 4.0, the industrial landscape is facing significant challenges related to energy consumption and environmental responsibility. The energy demand of electric motors accounts for approximately 70% of the electricity consumption in industries. As the industries strives to reduce its carbon footprint and bolster sustainable practices, the efficient operation and monitoring of industrial assets have become paramount. This paper explores the symbiotic relationship among Industry 4.0, energy efficiency, and environmental responsibility within the industrial context and presents an assets digital condition monitoring solution to estimate energy consumption and CO2 emissions from electric motors, in addition to practical cases. It underscores the importance of adopting smart technologies for asset monitoring and highlights the competitive edge gained through comprehensive insights into carbon emissions, further reinforcing the significance of Environmental, Social and Governance (ESG) cosiderations in today's corporate landscape.