With the disclosure of proactive design for sustainability, a new opportunity is offered to foster the transition toward Industry 5.0. To incorporate this heuristic concept, decision-makers should be able to foresee the environmental impacts associated with every life cycle stage of their product under development and anticipate sustainable measures during the preliminary design phase. In today's context, life cycle assessment (LCA) is widely recognized as an in-depth approach to environmental impact assessment. Since this approach is highly dependent on precise product-related data, ensuring reliable data input is crucial to obtaining optimized LCA results. A product lifecycle management (PLM) system can provide exploitable product-related data and offers interoperable interfaces. Therefore, integrating the PLM system with the LCA should be the fundamental step of our study. This paper provides a literature review on the panorama of key achievements linking PLM with LCA. The research opportunities and challenges identified during our research review, including the application of AI in PLM, are discussed. At the end of the paper, detailed directions for future work are outlined.