Toyota

Lexus
Japan
Automobiles and Components

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Toyota scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Toyota increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Toyota forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Toyota supports the Equality Act and funds multiple LGBTQ organizations. Toyota has donated to the Equality PAC. Toyota subsidiary, Lexus, is a gold sponsor of the HRC. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. For these reasons, Toyota receives a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/14/23EnvironmentalAkademikerPensionAnnual review and report on impact on TMC caused by climate-related lobbying activities and the alignment with the goals of the Paris AgreementAgainst15.26%
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