ANNOUNCEMENTS
The automobile industry plays a vital role in shaping the global economy and it is experiencing a paradigm shift towards sustainability. As the demand for sustainable vehicles grows, automobile manufacturers are acknowledging the importance of integrating sustainability not only their own operations but in the entire value chain. This study seeks to identify the environmental, social, and governance (ESG) risks in the value chain of the automobile industry in India as the industry's upstream supply chain co nsists of multiple tiers, and each tier poses various ESG risks. The sustainability performance of each player in the chain influences the sustainability of the whole supply chain as well as the end product. The automobile value chain is a complex network comprising of interlinked players and therefore it stands vulnerable to several risks that may result in serious financial losses and reputational damage. This study develops a framework to evaluate supply chain sustainability risk in view of the three pil lars of sustainability (Environment al , S ocial, and G overnance). A set of key material topics available in literature are used to characterize various risk themes for the supply chain. A su rvey was conducted and the study revea led industry experts’ opinion which wa s the n used to rank identified ESG risks.
Keywords: ESG risks, automobile sector, sustainable value chain, SSCM, sustainable procurement.
