Toyota Industries
Toyota Industries Corporation, headquartered in Japan, is a leading player in the manufacturing sector, primarily focusing on automotive components, materials handling equipment, and textile machinery. Established in 1926, the company has achieved significant milestones, including the development of innovative technologies that enhance efficiency and sustainability in its operations. With a strong presence in Asia, Europe, and North America, Toyota Industries is renowned for its core products, such as forklifts and automotive engines, which are distinguished by their reliability and advanced engineering. The company holds a prominent market position, consistently recognised for its commitment to quality and innovation. As a subsidiary of the Toyota Group, Toyota Industries continues to contribute to the global economy while upholding the values of excellence and customer satisfaction.
DitchCarbon Score
How does Toyota Industries's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Toyota Industries's score of 73 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Toyota Industries's reported carbon emissions
In 2024, Toyota Industries reported total carbon emissions of approximately 675,631,000 kg CO2e. The previous year, 2023, saw emissions of 22,227,400 kg CO2e for Scope 1, 535,666,000 kg CO2e for Scope 2 (market-based), and a staggering 37,748,548,000 kg CO2e for Scope 3 emissions. This indicates a significant reliance on upstream activities, particularly in the use of sold products, which accounted for about 32,090,131,000 kg CO2e. Toyota Industries has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2031 from a FY2022 baseline. Additionally, the company targets a 30% reduction in Scope 3 emissions from the use of sold products by FY2031, using FY2019 as the reference year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the company's long-term goal of achieving net-zero emissions by 2040, which is ten years ahead of the Paris Agreement's 2050 target. The company previously achieved a 26% reduction in global emission volume per unit of production from FY2006 levels by FY2021, demonstrating its commitment to sustainability. Toyota Industries continues to work towards establishing a zero CO2 emissions society as part of its Environmental Vision 2050, reflecting its dedication to reducing greenhouse gas emissions across its entire supply chain.
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| 2014 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 229,019,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 712,300,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Toyota Industries is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
