| Invested through |
|
|---|---|
| Asset Classes | Listed equity & Corporate bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2001192231 |
| Industry group | Automobiles & Components |
| Aligned with SDGs |
Toyota Motor is a global car manufacturer. The company designs and builds passenger cars, mini vehicles and commercial vehicles. Besides the Toyota brand the company also sells luxury cars under the Lexus brand, Daihatsu mini vehicles and Hino trucks. Toyota manufactures and sells over 10 million vehicles per year in every region of the world. The majority of revenues are from the automotive division with the remainder coming mainly from the finance division that provides car loans and leasing finance. In 1890 Toyota started as a maker of wooden hand looms. In 1935, the first automobile prototype was developed. Today Toyota employs over 370,000 people globally and is headquartered in Toyota City, Japan.
Investment rationale
In 1997, Toyota introduced the world’s first hybrid electric vehicle (HEV), the Prius, and in 2014 it introduced the first hydrogen powered vehicle (FCEV), the Mirai. In 2019, Toyota made its hybrid technology freely available to the market. Toyota deliberately skipped the current generation fully electric vehicles (BEV) that use ion-lithium batteries. The company puts all its efforts in the next generation solid state batteries that have much better performance and require substantially less rare earth metals and chemicals. These batteries will come to the market within the next few years. Toyota wants to have an electrified version of all its models and has built a global production platform that enable that ambition. Toyota has a very good track record on safety and reliability. In many surveys of consumer groups and industry organisations, Toyota shows low maintenance costs and above average residual values. This keeps total cost of ownership for car owners low and helps in extending the useful life of cars.
Alignment with Triodos Transitions:
35% of the company's revenues is aligned with the Energy Transition. The contribution to the Energy Transition comes from 35% of revenues related to the impact objective Clean Transport.