Toyota has been rated the ‘world’s greenest carmaker‘ and ranked 16th amongst the 500 largest publicly traded companies in the world.
Companies are rated against their industry rivals on a number of criteria, including energy consumption, water usage and waste levels.
The award recognises Toyota for its track record of sustainability achievements and for its eco-sensitive hybrid and fuel cell vehicles, and places the world’s largest automaker ahead of such respected companies as Apple, Starbucks and Nike.
Initiatives by the world’s largest automaker have helped save 350 million litres of water and reduced energy use by 22 per cent in their North American manufacturing plants. Toyota Financial Services was also the first in the industry to use an Asset-Backed Green Bond to finance the purchase of nearly 40,000 green vehicles.
“Globally, Toyota has demonstrated its leadership in sustainable mobility through its commitment to developing and improving existing and alternative vehicle technologies that reduce the impact on the environment,” said Sean Hanley, senior divisional manager for sales and marketing, Toyota Australia.
“The environment has been at the heart of everything we do at Toyota since our very beginning. The launch of our Environmental Challenge 2050 in 2015 reinforced the key areas in which we are reducing our impact on the environment throughout the entire lifecycle of our products. This recognition from Newsweek proves that the sustainable strategy that we at Toyota have adopted is paying dividends,” added Dr. Johan van Zyl, President and CEO of Toyota Motor Europe.