Newsweek named Toyota One of the greenest companies

Toyota moved up 57 spots from the last year

Toyota, as a car company, took the title of the greenest companies, ahead of highly respected brands like Google, Nike, Coke and Microsoft. In an annual Newsweek estimation, Toyota moved up 57 spots to #35 in the Global 500 and #2 in autos.

Newsweek together with Corporate Knights Capital and HIP Investor judged the largest publicity-traded companies in the world using eight metrics to measure environmental performance. They were scored against their industry peers on each metric, which includes energy, water and spending levels.

“We are proud to be recognized as one of the world’s greenest companies,” said Jim Lentz, Toyota Motor North America chief executive officer. “Through continuous improvement, our global teams have made great strides in reducing our environmental impact. From hybrids to fuel cells, Toyota is at the forefront of developing energy efficient technologies. We are deeply committed to contributing to the environment, our communities, and to leading the future of sustainable mobility.”

Toyota's commitment as the largest automaker is being acknowledged for its tenable work and achievement in developing green vehicles such as the Mirai hydrogen fuel cell vehicle, which discharges only water vapor.

Toyota's green action saved over 93 million gallons of water in North America and reduced energy use by 22% in Toyota’s North American manufacturing plants. In addition to all of this, Toyota Financial Services issued the auto industry’s first-ever Asset-Backed Green Bond to finance the purchase of almost 40,000 green vehicles.