Toyota executives fielded challenges and reaped praise from investors at an annual general meeting Wednesday where shareholders ultimately rejected demands the automaker do better on fighting climate change.
Toyoda and other company officials defended their green record, noting Toyota is aiming for carbon neutrality, or net-zero carbon emissions, in its lineup by 2050.
Others behind the proposal said Toyota needs to live up to its commitment to the Paris Agreement, an international treaty to reduce greenhouse emissions. President Koji Sato, who has acknowledged Toyota has fallen behind in battery EVs and must play catchup, tried to assure shareholders the company is working hard to “move people’s hearts,” based on a team-oriented style of management.for EVs by as early as 2027.
Outside the grounds where the meeting was held, several demonstrators for Greenpeace were holding up a sign that read: “No fossil fuel cars by 2030.” That target is two decades earlier than Toyota’s. Most of the shareholders who spoke at the meeting gushed praise. Toyoda's remarks were welcomed with enthusiastic applause.
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