Fortune Magazine Recognizes Toyota as a Top 10 Company Changing the World
Toyota has been named to Fortune magazine’s Change the World List for the second time within three years. Toyota takes the 8th spot out of 50 companies, being recognized for its hydrogen strategy to reduce carbon emissions & mass market introduction of the hydrogen fuel cell vehicle, being the Mirai (Toyota – USA NEWSROOM).
The Change the World List is based off the shared-value principle of “doing well by doing good”. Companies that are known as leading global innovators and are making progress towards solving the world’s most social or environmental problems are named to the list.
“Toyota is in the unique position to shape the future of mobility”, chief executive officer of Toyota Motor North America Jim Lentz says. He also states that the Mirai hydrogen fuel cell vehicle is leading toward positive change and a more sustainable tomorrow (Toyota – USA NEWSROOM).
The three factors that are taken into consideration when evaluating and ranking the companies include measurable social impact, business results and degree of innovation (Toyota – USA NEWSROOM). The final 50 companies on the list are then selected by the editors of Fortune magazine based on the reporting and analysis.
Toyota was also on Fortune’s Change the World List in the year of 2015, being recognized for its success with hybrid vehicles. It’s a big deal that Toyota has been recognized to the list for a second time, as it was stated that it’s very rare for a company to be considered twice.
The top five companies listed on Fortune’s Change the World List include JPMorgan Chase, DSM, Apple, Novartis & LeapFrog Investments (Time Inc. Fortune).
Time Inc. Fortune. The Top 10. September 13, 2017.
Toyota – USA NEWSROOM. Toyota Recognized as a Top 10 Company Changing the World by Fortune Magazine. September 13, 2017.