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  • Tech - News - Tech Companies
  • Updated: April 28, 2021

Toyota Reports Changes In Organizational Structure

Toyota Reports Changes In Organizational Structure

(Photo Credit: Toyota)

Toyota Motor Corporation (TMC) has released a report on Wednesday that it intends to implement changes to its organizational structure and senior professional/senior management employees.

The intended change takes effect from June 1, 2021, and members of the board of directors and operating officer changes effective on the date of the Ordinary General Shareholders' Meeting in June.

Earlier today, the company announced that its global sales and production have both been up year-on-year since September 2020 despite the COVID-19 pandemic which began spreading early in 2020.

In 2018, Toyota had announced its intention to transform from an automotive company into a mobility company. Under the common understanding that everyone lives on the same planet, Toyota takes action from the perspective of "home planet," above and beyond the concepts of "hometown" and "home country" that the automotive industry has long continued its business in.

READ ALSO: Toyota Developing Hydrogen Engine Technologies To Achieve Net Zero Carbon Dioxide Emissions

The current working generation is responsible for bequeathing this beautiful home to the next generation, as a place where people can live with peace of mind.

Under this perspective, Toyota has the "human-centered" philosophy that technology should contribute to people's happiness and health. By utilizing the strength it has cultivated through "monozukuri (manufacturing)", and by incorporating further technological innovations that expand the possibilities of mobility as it responds to CASE, Toyota seeks to provide services that make freedom of mobility available to all people.

The company also aims through its businesses to contribute to the realization of SDGs; among the 17 SDGs, reducing CO2 emissions is a global issue and, in order to achieve this, it is vital that electrification―the "E" of "CASE"―is implemented on a global scale.

Countries around the world are issuing declarations stating their aim to be carbon neutral by 2050. To make carbon neutrality a reality in the automobile industry, it is essential that energy policies that incorporate renewable energy and charging infrastructure be integrated with industrial policies that include purchase subsidies, supplier support, and battery recycling systems.

Coordinated efforts by various stakeholders, such as governments and industry groups, are also necessary. In the global expansion of its business, TMC, while consulting with the governments of various countries on how to improve environments for promoting electrification, plans to advance an electrification strategy that contributes to the reduction of CO2 throughout the entire lifecycle of its vehicles.

READ ALSO: Toyota's Global Sales And Production Up Year-On-Year In February For Sixth Consecutive Month

Also, to gain the understanding of more of its stakeholders, TMC intends to enhance its information disclosure, by conducting a review and information release within this year concerning whether its external affairs activities are consistent with the long-term goals of the Paris Agreement.

Toward achieving carbon neutrality, TMC is strengthening company-wide efforts to further accelerate its reduction of CO2 emissions. As part of this effort, the company intends to consolidate the resources of environmental technology development that is being carried out in various areas, including workplaces that are responsible for advanced development, and establish the CN Advanced Engineering Development Center.

The CN Advanced Engineering Development Center is to be responsible for, among others, technological development related to innovative improvement of electrified vehicle efficiency, advancement of new battery development, promotion of the utilization of renewable energy such as sunlight, and facilitation of various methods to utilize carbon-neutral fuels.

By further deepening coordination within the Toyota Group and cooperation among members of industry, academia, and government in Japan and overseas, TMC intends to press forward in accelerating its engagement in challenges to achieve carbon neutrality.

Click here to read the new organizational chart

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