2025
Vijaya, Annas; Meisterknecht, Johanne Paula Sophia; Angreani, Linda Salma; Wicaksono, Hendro
Advancing sustainability in the automotive sector: A critical analysis of environmental, social, and governance (ESG) performance indicators Journal Article
In: Cleaner Environmental Systems, vol. 16, 2025.
Abstract | Links | BibTeX | Tags: automotive industry, ESG, multi criteria decision making, sustainability
@article{nokey,
title = {Advancing sustainability in the automotive sector: A critical analysis of environmental, social, and governance (ESG) performance indicators},
author = {Annas Vijaya and Johanne Paula Sophia Meisterknecht and Linda Salma Angreani and Hendro Wicaksono},
url = {https://www.sciencedirect.com/science/article/pii/S2666789424000862},
doi = {https://doi.org/10.1016/j.cesys.2024.100248},
year = {2025},
date = {2025-03-01},
journal = {Cleaner Environmental Systems},
volume = {16},
abstract = {ESG (Environment, Social, Governance) is becoming increasingly important as sustainability concerns in the industry increase. The automotive industry is one that receives significant attention and pressure on sustainability, with the ever-growing regulations pushing it towards sustainability. However, ESG improvement could be more effective due to the many factors. Although previous studies have revealed the evaluation and prioritization of ESG key performance indicators (KPIs) in the automotive sector, there is still a need for other approaches to identify the priorities and interdependencies between critical factors that enhance organizational strategic improvement measures. The study aims to address the gaps by identifying critical indicators in ESG reporting standards and utilizing Fuzzy DEMATEL and Fuzzy TOPSIS methodologies to explore the priorities and causal relationships of ESG KPIs in the automotive industry. The findings indicate that the top three of 17 identified factors are the top priorities that influence others in improving ESG performance, including corporate governance, air emissions, and sustainable product development. The importance of addressing social sustainability issues in strengthening stakeholder relationships is also highlighted in the research findings, such as human rights and labor practices. Businesses in the automotive sector can use the study's insights to enhance their sustainability strategies, determine critical opportunities for improvement, and rank their priorities to achieve sustainability objectives. Policymakers can use it to promote industry-wide efforts for sustainable development and create regulatory frameworks.},
keywords = {automotive industry, ESG, multi criteria decision making, sustainability},
pubstate = {published},
tppubtype = {article}
}
ESG (Environment, Social, Governance) is becoming increasingly important as sustainability concerns in the industry increase. The automotive industry is one that receives significant attention and pressure on sustainability, with the ever-growing regulations pushing it towards sustainability. However, ESG improvement could be more effective due to the many factors. Although previous studies have revealed the evaluation and prioritization of ESG key performance indicators (KPIs) in the automotive sector, there is still a need for other approaches to identify the priorities and interdependencies between critical factors that enhance organizational strategic improvement measures. The study aims to address the gaps by identifying critical indicators in ESG reporting standards and utilizing Fuzzy DEMATEL and Fuzzy TOPSIS methodologies to explore the priorities and causal relationships of ESG KPIs in the automotive industry. The findings indicate that the top three of 17 identified factors are the top priorities that influence others in improving ESG performance, including corporate governance, air emissions, and sustainable product development. The importance of addressing social sustainability issues in strengthening stakeholder relationships is also highlighted in the research findings, such as human rights and labor practices. Businesses in the automotive sector can use the study's insights to enhance their sustainability strategies, determine critical opportunities for improvement, and rank their priorities to achieve sustainability objectives. Policymakers can use it to promote industry-wide efforts for sustainable development and create regulatory frameworks.
2024
Fan, Xiaotong; Valilai, Omid Fatahi; Wicaksono, Hendro
Integrating Economic, Technological, and Consumer Factors for Enhanced Accuracy in Electric Vehicle Demand Forecasting: A Case Study in Germany Proceedings Article
In: Lecture Notes in Mechanical Engineering (LNME): Flexible Automation and Intelligent Manufacturing: Manufacturing Innovation and Preparedness for the Changing World Order , Springer, 2024.
Abstract | Links | BibTeX | Tags: automotive industry, demand forecasting, machine learning, supply chain management, sustainability, timeseries analysis
@inproceedings{nokey,
title = {Integrating Economic, Technological, and Consumer Factors for Enhanced Accuracy in Electric Vehicle Demand Forecasting: A Case Study in Germany},
author = {Xiaotong Fan and Omid Fatahi Valilai and Hendro Wicaksono
},
doi = {https://doi.org/10.1007/978-3-031-74485-3_50},
year = {2024},
date = {2024-12-13},
booktitle = {Lecture Notes in Mechanical Engineering (LNME): Flexible Automation and Intelligent Manufacturing: Manufacturing Innovation and Preparedness for the Changing World Order },
publisher = {Springer},
abstract = {The development of the electric vehicle industry has the potential to reduce CO
emissions significantly and overcome energy supply challenges. However, manufacturing electric cars is a complex process consisting of procurement, logistics, and assembly. Accurate demand forecasting plays an essential role in the industry’s long-term development because it effectively fulfills customer needs while mitigating the risks of overproduction. Forecasting electric vehicle demand presents a significant challenge due to limited data availability and multiple factors influencing it. Comprehensive research integrating economic, technological, and consumer dynamics into demand forecasts remains notably deficient. The main goal of this research is to develop demand forecasting of electric vehicles within Germany, considering those factors, including variables like gasoline prices, the count of installed charging stations, and the Google search index. The research involves experimentation with various models, including Prophet, SARIMA, and their variants, incorporating different combinations of exogenous variables. The results demonstrate that SARIMA and its variants outperform other models regarding predictive accuracy. This research equips electric vehicle manufacturing companies with invaluable insights into market trends and the potential impact of diverse influencing variables. With this knowledge, companies can adapt their production strategies to align with market dynamics, enhancing their competitiveness in the rapidly evolving electric vehicle landscape.},
keywords = {automotive industry, demand forecasting, machine learning, supply chain management, sustainability, timeseries analysis},
pubstate = {published},
tppubtype = {inproceedings}
}
The development of the electric vehicle industry has the potential to reduce CO
emissions significantly and overcome energy supply challenges. However, manufacturing electric cars is a complex process consisting of procurement, logistics, and assembly. Accurate demand forecasting plays an essential role in the industry’s long-term development because it effectively fulfills customer needs while mitigating the risks of overproduction. Forecasting electric vehicle demand presents a significant challenge due to limited data availability and multiple factors influencing it. Comprehensive research integrating economic, technological, and consumer dynamics into demand forecasts remains notably deficient. The main goal of this research is to develop demand forecasting of electric vehicles within Germany, considering those factors, including variables like gasoline prices, the count of installed charging stations, and the Google search index. The research involves experimentation with various models, including Prophet, SARIMA, and their variants, incorporating different combinations of exogenous variables. The results demonstrate that SARIMA and its variants outperform other models regarding predictive accuracy. This research equips electric vehicle manufacturing companies with invaluable insights into market trends and the potential impact of diverse influencing variables. With this knowledge, companies can adapt their production strategies to align with market dynamics, enhancing their competitiveness in the rapidly evolving electric vehicle landscape.
emissions significantly and overcome energy supply challenges. However, manufacturing electric cars is a complex process consisting of procurement, logistics, and assembly. Accurate demand forecasting plays an essential role in the industry’s long-term development because it effectively fulfills customer needs while mitigating the risks of overproduction. Forecasting electric vehicle demand presents a significant challenge due to limited data availability and multiple factors influencing it. Comprehensive research integrating economic, technological, and consumer dynamics into demand forecasts remains notably deficient. The main goal of this research is to develop demand forecasting of electric vehicles within Germany, considering those factors, including variables like gasoline prices, the count of installed charging stations, and the Google search index. The research involves experimentation with various models, including Prophet, SARIMA, and their variants, incorporating different combinations of exogenous variables. The results demonstrate that SARIMA and its variants outperform other models regarding predictive accuracy. This research equips electric vehicle manufacturing companies with invaluable insights into market trends and the potential impact of diverse influencing variables. With this knowledge, companies can adapt their production strategies to align with market dynamics, enhancing their competitiveness in the rapidly evolving electric vehicle landscape.