Toyota Motor Corporation
Climate Impact & Sustainability Data (2022, 2024-04 to 2024-09)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
Environmental Achievements
- Reduced GHG emissions by 10% by 2022 compared to the baseline year of 2020.
- Committed to achieving net-zero GHG emissions in own operations (Scope 1 & 2) by 2030 and net-zero across all scopes by 2065.
Social Achievements
- Not disclosed
Governance Achievements
- Established a climate change governance structure with roles and responsibilities outlined for the Board of Directors, Corporate Governance and Sustainability Committee, Management Committee, and Sustainability Management Committee.
- Incorporated climate performance into remuneration.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero GHG emissions across all scopes by 2065.
Medium-term Goals:
- Achieve net-zero GHG emissions in own operations (Scope 1 & 2) by 2030.
Short-term Goals:
- Reduce GHG emissions by 5% in Scope 1 & 2 by 2025, 11% by 2026, 16% by 2030 (compared to 2022 baseline).
Environmental Challenges
- Increased severity and likelihood of heatwaves and floods (physical risks).
- Government enforcement of carbon pricing instruments, increased investment in low-carbon technology, increasing consumer demand for green financing, and reputational pressure (transition risks).
Mitigation Strategies
- Developed a robust process framework for evaluating climate risk, including scenario analysis and a resilience strategy.
- Implemented a resilience strategy for own operations (Scope 1 & 2) focusing on energy efficiency, renewable energy, and carbon removal.
- Developed a comprehensive process for addressing financed emissions, including identifying climate-related risks and opportunities of clients and offering green products and services.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and likelihood of heatwaves and floods
Transition Risks
- Government enforcement of carbon pricing, increased investment in low-carbon technology, increasing consumer demand for green finance, reputational pressure
Opportunities
- Operational decarbonization through improved efficiency and renewable energy, development of green financial products and services.
Reporting Standards
Frameworks Used: TCFD, GRI
Certifications: Null
Third-party Assurance: Third-party assurance in accordance with GRI Standards (AA1000 AS)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Green bonds, ESG-linked derivatives, business loans for energy and environment conservation, environmental credit, green loans for innovations, loans for modification of machinery and equipment, home for cash (solar rooftop, EV charger, high-efficiency appliances).
Awards & Recognition
- Not disclosed
Reporting Period: 2024-04 to 2024-09
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The decrease in operating income was mainly due to the increase in expenses and others.
- The decrease in operating income was mainly due to the effects of the misconduct in relation to applications for certification by Hino Motors, Ltd and the increase in expenses and others.
- The decrease in operating income was mainly due to the increase in expenses and others.
- The decrease in operating income was mainly due to the unfavorable impact of inflation and weak peso in Argentina.
- Impact of climate change and the transition towards a low-carbon economy
Mitigation Strategies
- Cost reduction efforts