AKFI Forms World’s First Task Force on Car and Tire Supply Chain Sustainability Reporting
[Dallas, June 16, 2024] — The Actionable Knowledge Foundational Institute (AKFI) is proud to announce the formation of the world’s first Task Force dedicated to Car and Tire supply chain sustainability and ESG efficient reporting. This pioneering initiative aims to address the pressing need for sustainable best practices in the Car and Tire industries, focusing on developing comprehensive sustainability reporting standards, promoting transparency, and encouraging efficient practices throughout the supply chain.
Leadership and Vision
This groundbreaking Task Force will be led by Dr. Vidushi Vashishtha, a renowned expert in the field of sustainability and ESG reporting. With her extensive experience and expertise, Dr. Vashishtha is poised to guide the Task Force toward achieving its ambitious goals. “We are excited to embark on this global first journey,” said Manuel Vexler, AKFI Executive Director. “Our Task Force is committed to making a significant impact on the Car and Tire industries. We believe that through our work, we can help shape a more sustainable future.”
Mission and Objectives
The Task Force will focus on creating uniform best practices and standards for sustainability data handling in the tire industry, aligning with the requirements of car manufacturers. This mission is driven by the recognition of a key misalignment between the sustainability data needs of car manufacturers and the current capabilities of tire suppliers. By addressing this gap, the Task Force aims to foster a more cohesive and efficient supply chain.
Regulatory Alignment
A critical aspect of the Task Force’s work will be ensuring that developed standards align with regulatory frameworks, particularly the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s sustainability reporting regulations. By considering these requirements, the Task Force will create guidelines that not only meet industry needs but also ensure compliance with important regulatory standards.
Comprehensive Research Approach
The study conducted by the Task Force will unfold in two phases: secondary research and primary research.
Secondary Research will cover three distinct categories:
- Sustainability: This will involve gathering data on sustainable practices in the supply chain, including eco-friendly sourcing, energy-efficient manufacturing, and environmentally conscious delivery methods.
- Regulations: This will focus on understanding the specifics of European and US sustainability reporting requirements, providing a thorough analysis of standards and obligations.
- Practices: This will identify and prepare best practices and standards essential for sustainability strategies and data reporting, tailored to meet the needs of both car manufacturers and tire suppliers.
Primary Research will involve developing structured questionnaires and conducting moderated sessions with car manufacturers and tire suppliers. This phase aims to gain deeper insights into the challenges and issues faced by both parties, facilitating the development of tailored solutions and strategies.
Industry Collaboration
The Task Force will invite tire and car manufacturers to collaborate, fostering a comprehensive approach that considers diverse viewpoints and expertise. Invitations will be extended through various channels, including email and LinkedIn, ensuring broad industry participation. Through thorough research, knowledge sharing, and analysis, the Task Force aims to build consensus on standards and best practices.
Dissemination and Impact
The findings of the Task Force will be disseminated through whitepapers, case studies, and presentations, providing valuable insights and benchmarks for the automobile industry. This dissemination will ensure that developed standards and practices are widely recognized and adopted, leading to a more sustainable future for the Car and Tire industries.
Conclusion
The formation of the world’s first Task Force on Car and Tire supply chain sustainability reporting by AKFI marks a significant milestone in the pursuit of sustainability and ESG efficiency. By bridging the gap between car manufacturers and tire suppliers, the Task Force aims to create a more transparent, efficient, and sustainable supply chain. With the leadership of Dr. Vidushi Vashishtha and the support of AKFI, this initiative is set to drive meaningful change and shape a sustainable future for the automotive industry.
For more information about the Task Force, please contact dr.vidushi@akfi.org.
About AKFI:
The Actionable Knowledge Foundational Institute (AKFI) is a leading industry association dedicated to creating actionable knowledge that drives positive change. AKFI supports initiatives that promote sustainability, transparency, and responsible practices in various industries.
Press Contact:
John Hoegerl, john@akfi.org
