Toyota Says Wants To Achieve Carbon Neutrality In Its Global Factories By 2035

The Japanese auto major Toyota Motor Corp will set the aim to achieve carbon neutrality in all its factories throughout the world by 2035, said a senior executive on Friday as the company apparently is advancing the goal by 15 years as the company had previously set the target in for 2050.

At the initial stage of achieving the target, the company will focus on introduction of new technologies for processes such as painting, coating and casting, said the company’s chief production officer Masamichi Okada.

“In this way, the processes that have high generation of CO2 will be focused on to reduce as much as possible, or even eliminate CO2 emissions,” Okada told an online media briefing.

“By identifying these areas, we will focus our resources and we believe that will contribute to shorten the time until we can achieve carbon neutrality,” he said.

He added the company will also take into account the possibility of identifying and developing onsite and offsite power sources which can be relied on by the automaker as alternative renewable sources of power.

There is growing pressure on the global automakers to cut down the emissions because of their business processes. In lieu of this, the German luxury automaker BMW has announced that it manufacturing units in China plan to achieve carbon emissions neutrality by the end of this current year. On the other hand, the United States based auto major Ford has also announced the company’s aims to provide all the energy for all its factories through locally generated renewable sources of energy by 2035.

In recent years, Toyota has mentioned multiple times its belief that electric vehicles (EVs) will play a greater role in reducing emissions but car makers also need to use other solutions such as the successful hybrid cars developed by Toyota or its slow-selling hydrogen powered vehicles.

Okada said that Toyota aims to develop a wide range of options in it achieving its set target of carbon neutrality and added that the auto manufacturer also wants to work with multiple types of models for EVs and engage in assembling the vehicles simultaneously.

“We’re going to utilise our experience and knowledge that we have gained through the years,” he said.

(Adapted from CarAndBike.com)



Categories: Economy & Finance, HR & Organization, Regulations & Legal, Strategy, Sustainability, Uncategorized

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