Newsweek has named a car company as one of the world’s greenest companies, ahead of highly-regarded brand like Microsoft, Google, Nike and Coke. Toyota moved up 57 spots in Newsweek’s annual green ranking to #35 in the Global 500 and #2 in autos.
Newsweek in
partnership with Corporate Knights Capital and HIP Investor evaluated
the world's largest publicly-traded companies, using eight metrics to
measure environmental performance. Companies were scored against their
industry peers on each metric, including energy, water and waste 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.”
The
world’s largest automaker is being recognized for its commitment to
sustainable practices and its efforts to develop green vehicles,
including the Mirai hydrogen fuel cell vehicle, which emits only water
vapor. Toyota’s green initiatives saved over 93 million gallons
of water in North America and reduced energy use by 22% in Toyota’s
North American manufacturing plants. And Toyota Financial Services
issued the auto industry’s first-ever Asset-Backed Green Bond to finance
the purchase of almost 40,000 green vehicles.
The full Newsweek Green Rankings list is available now on Newsweek’s website at http://www.newsweek.com/green-2015 and on newsstands June 5.
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