November 7, 2022 (Investorideas.com Newswire) Toyota has been ranked as one of the companies exerting the most negative influence against climate change, with a score of -42%, according to TradingPlatforms.com.
Speaking on the data, TradingPlatforms specialist Edith Reads said. "The findings show that some of the world's largest companies are playing a major role in exacerbating climate change, which is already costing the global economy trillions of dollars and putting millions of people's lives at risk."
The company has been criticized for lobbying against stricter emissions standards and its production of gas-guzzling SUVs.
In recent years, Toyota has made some progress on environmental issues, setting goals to cut emissions from its vehicles and factories. But the company still has a long way to go to catch up to its rivals. The company has also been criticized for its environmental record in its home country of Japan.
Electric Vehicles Are the Solution
Electric vehicles (EVs) offer a cleaner and more efficient alternative to gas-powered cars, and their adoption is crucial for meeting climate change goals. But Toyota has been slow to embrace EVs, instead investing heavily in hydrogen fuel cell technology, which is much less developed than EV technology.
The German machine, Mercedes Benz, is among the companies making positive moves. Yet, despite their high performance on climate change, they still fell short of the global climate targets. Full story and statistics can be found here: Toyota Among Companies Exerting the Most Negative Influence Against Climate Change at -42%
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