ESG standards crucial for automakers
With investors and consumers pushing for sustainable emissions standards, environmental, social, and corporate governance (ESG) reporting is becoming a top priority for automakers and suppliers. In Automotive News, Mark Barrott and Laurie Hoose recommend a proactive approach for long-term competitiveness.

As automakers prioritize ESG, it increases pressure on manufacturers and suppliers to document, codify, and comply with new standards to remain competitive. Downstream suppliers are facing a stream of requests from customers for disclosures and data that may be new and not readily available. However, this evolution within the industry also presents opportunities for differentiation by implementing sustainable practices and demonstrating a real, impactful commitment to ESG.