Toyota has long been a revolutionary company, whether it be their eco-friendly lineup of hybrid vehicles or their influential manufacturing practices. For the second time in three years, Toyota has been named to Fortune’s Change the World List, with it ranked #8 of the top 50 companies.
Toyota in Top 10 of Fortune’s Change the World List
In naming Toyota to the Change the World List, Fortune cited the Japanese automaker for its hydrogen strategy to reduce carbon emissions and the mass market introduction of the hydrogen fuel cell vehicle, the Mirai. The list recognizes leading global innovators that are making progress toward solving the world’s most pressing social or environmental problems as a key component of their competitive strategies.
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For the study, Fortune evaluated and ranked the companies by three factors: measurable social impact, business results and degree of innovation. The final 50 Change the World honorees were then selected by the editors of Fortune based on the magazine’s own reporting and analysis.
Toyota and Other Fortune Honors
Toyota has previously earned honors from Fortune. For the inaugural Change the World list in 2015, Toyota earned the number three spot due to its success with hybrid vehicles. Also, earlier this year, Fortune named Toyota the “World’s Most Admired Motor Vehicle Company” and No. 34 for their list of the “World’s Most Admired Companies.”