Toyota Australia
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OVERALL |
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Owned |
JPN |
Rating |
N/A |
Automobiles and parts
Company Ownership
Toyota Motor Corporation Australia Ltd | AUS | website | ||||
Toyota Motor Corporation
owns 100% of Toyota Motor Corporation Australia Ltd |
JPN | website | ||||
Automobiles and parts |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Toyota Motor Corporation Australia Ltd | ||||
Between 2015 and 2018 this company paid $444 million tax on a total income of $30.8 billion, earning the number 35 spot on Michael West's Top 40 Tax Payers 2020. West calculated which of Australia's largest companies have paid the most tax using three years of tax transparency data published by the Australian Tax Office.
Source: Michael West (2018) |
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Toyota Motor Corporation | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
This company is a Carbon Trust Standard Bearer, signifying they have certified reductions in the environmental impact of their operations and supply chain
Source: Carbon Trust (2021)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of B.
Source: CDP (2023) |
The Auto Environmental Guide 2022 by Greenpeace East Asia ranked the world's top 10 carmakers on their climate action. Companies are rated on 2021 zero-emission vehicle sales percentage, Combustion engine vehicle phase-out, Supply chain decarbonisation, Resource sustainability and Violations/negative climate lobbying. Of the 10 carmakers, this company ranked last.
Source: Greenpeace (2022)
InfluenceMap's 2021 Climate Policy Footprint report identifies the world's most obstructive corporate and industry association holding back Paris Agreement-aligned climate policy. This company is named in the report as the world's third most negatively influential corporation. "Very significant economic clout. Strategic engagement opposing regulation to phase out ICE vehicles and electrify road transport."
Source: Influence Map (2021)
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 42.8% (Minimal).
Source: As You Sow (2019)
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 15.7%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (2022)
In February 2016 the US Consumer Financial Protection Bureau and the Department of Justice resolved an action with Toyota Motor Credit Corporation, a subsidiary of this company, to change its pricing and compensation system to substantially reduce dealer discretion and accompanying financial incentives to mark up interest rates. They are required to pay US$21.9 million in restitution to thousands of African-American, Asian and Pacific Islander borrowers who paid higher interest rates than white borrowers for their auto loans without regard to their creditworthiness, as a result of past practices.
Source: US CFPB (2016) |
In March 2014 the US Justice Department announced criminal charges against this company and a deferred prosecution agreement with a US$1.2 billion financial penalty. This company admitted to misleading consumers and the US Regulator about safety issues related to the unintended acceleration in its cars by issuing misleading statements about safety issues in Toyota and Lexus vehicles. The agreement imposes an independent monitor to review and assess policies, practices and procedures relating to Toyota's safety related public statements and reporting obligations. [Listed under Information due to age of court finding]
Source: US Dept of Justice (2014)
This company received a score of 72/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
This company has sustainability claims on its website in the areas of sustainability policy, environmental initiatives and social initiatives.
Source: company website (2021)
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 32.96/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
This company received an S&P Global ESG Score of 45/100 in the Automobiles category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet.
Source: Corporate Research Project (2018) |
Company Details
Type | Wholly-owned subsidiary |
Contact Details
Address | Australia |
Website | www.toyota.com.au |