The fourth industrial revolution is urging the traditional manufacturing sector to explore the potential of digital twin (DT) technology for digitalization, optimized production, and sustainable manufacturing practices. Digital twins provide a way to support decision-making towards efficient production and cost saving using the digital version of a physical asset. In the literature, several studies are available focusing on the connection between digital twin technology and intelligent manufacturing. However, the literature lacks information about how digital twin technology complements sustainability in manufacturing. There is unexplored potential in how digital twin technology can contribute to advancing sustainable manufacturing practices by providing real-time monitoring and process optimization, resulting in lower environmental impacts. The presented study explores digital twin technology concerning the sustainability aspects of the manufacturing sector. Real-time monitoring and analysis of a digital manufacturing system provide an opportunity to optimize energy, reduce waste, minimize failures and maintenance needs, and enhance supply chain efficiency. The current study reviews DT technology with respect to various aspects of sustainable manufacturing, such as reduction in energy consumption, reduction in waste streams, maintenance and failure prediction, supply chain aspects, and design for sustainability (DFS). The study will provide futuristic recommendations to help manufacturers meet their sustainability goals.