OBSERVANCE OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) ISSUES WITH RESPECT TO DOUBLE MATERIALITY IN AUTOMOTIVE SECTOR

Abstract

Sustainability is increasingly getting discussed as one of the main of the major contributor in the overall health of the business. It is expanding deep into the business models and long term corporate strategies of any organization. Investors demand of sustainability information, government regulations and consumer awareness are triggering this whole shift. This paper aims to highlight the various ESG related issues and challenges observed by the Automotive sector with reference to double materiality and also discusses the high-level process for determining materiality issues. The paper also surfaces strategic & operational risks along with opportunities with Toyota as a case reference.