Toyota’s Chairman just got a very rare rebuke from shareholders who’ve
joined the call for the giant carmaker to go green.

It’s time for Toyota to quit dirty lobbying and deliver affordable
electric vehicles. Build on the momentum and sign the petition!

[ [link removed] ]Close up image of black Toyota car. Text says shareholders express
concern about Toyota's direction at AGM. Toyota: time to go all-electric!


[ [link removed] ] Sign the petition 

   
John,

In the lead up to Toyota’s AGM on June 14, Ekō members from all around the
world sent their pension, mutual and superannuation funds emails asking
shareholders to vote for Toyota to go green.

It worked, but I need to explain – Chairman Akio Toyoda’s approval rating
plummeted by 11%. Anything less than 95% approval is considered a rebuke
at shareholder meetings in Japan.

What’s more, about 15% of shareholders voted to support a resolution
asking the carmaker to issue an annual review of its climate lobbying
activities.

 

[1]Newspaper headlines read Toyota faces down activist investors over
climate lobbying and Toyota shareholders make 15% the new win-win

It’s not a victory, but it’s a clear sign that climate-conscious investors
are concerned about the road Mr Toyoda has steered the carmaker down.

In Australia Toyota has been leading the car lobby’s dirty lobbying to
keep pollution regulations weak and riddled with loopholes so it can keep
selling its gas guzzling vehicles.

But Toyota’s greenwash is peeling off. Let’s make sure Toyota doesn’t get
away with driving the story and call on the car company to stop pushing
polluting petrol cars.  

[ [link removed] ]Can you sign the petition calling on Toyota to stop its negative
lobbying in Australia and start delivering clean, affordable electric
vehicles?

We can win this together – We have to.

As countries like the US, New Zealand, the UK and EU pass regulations to
phase out polluting petrol vehicles, countries in the Global South are at
risk of becoming a dumping ground for cars Toyota can’t sell anywhere
else.

Toyota is still lobbying to prevent electric vehicle mandates and clean
air laws, but the shareholder vote this month shows that it’s a
controversial topic, even among insiders.  

[3]Newspaper headlines read Shareholder ire takes shine off stock rally
for Toyota chairman and Toyota faces investor admonition over EVs at
annual meeting

[ [link removed] ]→ Tell Toyota to get out of the slow lane and accelerate its plans for
all-electric vehicles.

More than 52,000 Eko members from all around the world have already signed
the petition. Will you add your name too?



[ [link removed] ] Sign the petition 



Thanks for all that you do,
Nish, Eoin and the team at Ekō


More information:

[ [link removed] ]Toyota faces down activist investors over climate lobbying
Sustainable Views. 21 June 2023.
[ [link removed] ]Toyota shareholders make 15% the new win-win
Reuters. 16 June 2023.
[ [link removed] ]Shareholder ire takes shine off stock rally for Toyota chairman
The Japan Times. 16 June 2023.
[ [link removed] ]Toyota faces investor admonition over EVs at annual meeting
Daily Maverick. 14 June 2023.

 

 

Ekō is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

Please help keep Ekō strong by chipping in $3. [link removed]