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Toyota, Honda & Nissan Score Low In Greenpeace Decarbonization Ranking: Reuters

  • Environmental group Greenpeace said Japanese automakers Toyota Motor Corp (NYSE: TM), Honda Motor Co Ltd (NYSE: HMC), and Nissan Motor Co Ltd (OTC: NSANY) have ranked at the bottom of decarbonization efforts, Reuters reported.

  • Toyota came last with its zero-emission vehicles making up less than 1% of total sales.

  • Greenpeace also noted that Toyota made slow progress in supply chain decarbonization.

  • The auto giant has been criticized for not fast-tracking its battery electric vehicles production.

  • "The time for hybrids, I think, has finished," said climate and energy campaigner Daniel Read.

  • "We do recognize that they've made some gains," Read said. "However, fundamentally, when compared to other global automakers, they're falling far behind."

  • The report added that Nissan and Honda ranked eighth and ninth, respectively, dropping three places from last year.

  • Greenpeace added that Honda lacked a proper roadmap to achieve its zero-emission vehicles target.

  • Price Action: TM shares closed lower by 0.42% at $143.34 on Wednesday.

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