AKFI Launches Pioneering Task Force for Sustainable Car and Tire Supply Chain Reporting
[Dallas, June 16, 2024] — The Actionable Knowledge Foundational Institute (AKFI) proudly announces the formation of the world’s first Task Force dedicated to sustainability and ESG (Environmental, Social, and Governance) reporting in the Car and Tire supply chain. This innovative initiative aims to establish comprehensive sustainability reporting standards, enhance transparency, and promote efficient practices across the industry.
Trailblazing Leadership and Vision
Spearheaded by Dr. Vidushi Vashishtha, a distinguished expert in sustainability and ESG reporting, the Task Force is set to tackle the industry’s pressing challenges. Dr. Vashishtha’s leadership will be instrumental in guiding the team toward its 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. Through our work, we aim to help shape a more sustainable future.”
Mission and Objectives
The primary mission of the Task Force is to create uniform best practices and standards for sustainability data handling in the tire industry, aligning with the requirements of car manufacturers. This initiative seeks to address the critical misalignment between the sustainability data needs of car manufacturers and the current capabilities of tire suppliers, thereby fostering a more integrated and efficient supply chain.
Regulatory Alignment
Ensuring compliance with key regulatory frameworks is a cornerstone of the Task Force’s efforts. The standards developed will align with the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s sustainability reporting regulations. By adhering to these requirements, the Task Force will ensure that its guidelines are both industry-relevant and legally compliant.
Comprehensive Research Methodology
The Task Force’s research will be conducted in two phases: secondary research and primary research.
Secondary Research will focus on three key areas:
- Sustainability: Gathering data on sustainable practices in the supply chain, including eco-friendly sourcing, energy-efficient manufacturing, and environmentally conscious delivery methods.
- Regulations: Understanding the specifics of European and US sustainability reporting requirements, providing a thorough analysis of standards and obligations.
- Practices: Identifying and preparing 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
