Toyota Named Greenest Auto Company in the World
Newsweek has once more named Toyota among its annual Newsweek Green Rankings, which evaluate the world’s largest publicly traded companies. Toyota was ranked 16th in the list of the Global 500 greenest companies, up from 107th in 2016, and first among automobile companies, earning it a spot on the “Best in Industry Global” list.
Newsweek uses eight metrics to measure environmental performance, accounting for variables such as waste, water, and energy. Toyota’s performance in the 2017 rankings is an improvement upon 2016, showing the company’s continued commitment to green initiatives, and placing the automaker ahead of companies the likes of Nike, Apple, and Starbucks. The next-highest automaker was ranked 45th.
Related: 10 reasons to buy a Toyota
“Toyota is proud to be recognized by Newsweek as the world’s top green automaker and as a leader among global companies,” said Jim Lentz, chief executive officer, Toyota Motor North America. “We are continually working to develop and improve technologies for our operations and vehicles. Our aim is to reduce the impact on the environment, while maintaining affordability for our customers, and position our company as an industry leader in sustainable mobility.”
In 2017, Toyota redoubled its focus on hydrogen energy, pledging to build a 100% renewable hydrogen plant and leading a newly-formed global Hydrogen Council. It also announced the development of a new fuel cell truck, fuel cell bus, and even a fuel cell boat, all the while continuing to deliver the most efficient hybrid vehicles on the market and opening its new North American headquarters, which feature more than 20,000 on-site solar panels and various systems for saving energy and waste.
News Source: Newsweek