Mar 02, 2021 15:34 JST

Source: Toyota Motor Corporation

Toyota Plans to Issue 'Woven Planet Bonds'
Advancing SDG Initiatives Based on the Toyota Philosophy

Toyota City, Japan, Mar 02, 2021 - (JCN Newswire) - Toyota Motor Corporation (TMC) announced today that it plans to issue "Woven Planet Bonds" to raise funds for projects that contribute to the U.N. Sustainable Development Goals (SDGs). The maximum issuance amount is planned to be a combined total of approximately 500 billion yen of yen-denominated and foreign currency-denominated bonds.

The automobile industry is entering a once-in-a-century transformational period. Taking advantage of this opportunity, TMC is transforming itself from an automobile manufacturing company into a mobility company. Through its effort to evolve, TMC hopes to provide society with greater value and contribute to the achievement of the SDGs through its business activities.

In addition to initiatives to solve social issues related to safety and the environment, TMC has been advancing initiatives for building a mobility society of the future. To raise funds necessary for such initiatives and accelerate its SDG initiatives, TMC plans to issue its Woven Planet Bonds.

TMC's Woven Planet initiatives represent the company's determination to move step by step toward the future in the Toyota Philosophy spirit of "doing things for someone other than ourselves", which TMC has safeguarded and nurtured since its founding, and the SDG spirit of "leaving no one behind".

The "Woven" of Woven Planet stems from the founding spirit that Sakichi Toyoda--Toyota Group's founder--had of "wanting to help his mother and others" when he invented the Toyoda automatic loom that led to the establishment of TMC. It also means to "weave" together the "streets" that are necessary to support the development and implementation of autonomous driving and mobility services. TMC will aim to create new services and products by connecting goods, information, and cities through software and connected technology centered on people.

Meanwhile, the "Planet" of Woven Planet comes from the ambition to leave a beautiful home for the next generation, which embodies the global perspective that Earth is our "home planet", similar to our hometown or home country, and the people that live on this planet contribute to the future. Instead of conflicts, if each individual were united with the simple idea of "wanting to use one's strength for others", TMC believes this would contribute to achievement of the SDGs.

Based on these ideas, TMC will continue to work on creating a better world, as envisioned by the SDGs and the international community.

Source: Toyota Motor Corporation
Sectors: Automotive

Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Toyota Launches LS and Mirai Equipped with "Advanced Drive" that Enables Drivers and Cars to Drive Together in Japan
April 08 2021 12:40 JST
 
Outline of TOYOTA GAZOO Racing GT Cup 2021 Announced
April 06 2021 16:47 JST
 
Toyota: Investment in e-Mobility Power
April 05 2021 14:03 JST
 
TOYOTA GAZOO Racing Presents World Debut of the New GR 86
April 05 2021 12:15 JST
 
Toyota: First Refrigerated Vehicle for Vaccine in the World to Obtain WHO's Performance, Quality and Safety Prequalification
March 31 2021 13:09 JST
 
Japanese Red Cross Kumamoto Hospital and Toyota to Begin Utilization Demonstration of the World's First Fuel Cell Electric Vehicle Mobile Clinic
March 31 2021 12:41 JST
 
Toyota's Global Sales and Production Up Year-on-Year in February for Sixth Consecutive Month
March 30 2021 13:41 JST
 
Flying Finn Rovanpera Claims the Championship Lead in the Toyota Yaris WRC
March 01 2021 09:46 JST
 
Toyota's Global Sales and Production Up Year-on-Year in January for Fifth Consecutive Month
February 25 2021 14:12 JST
 
Toyota Breaks Ground for 'Woven City'
February 23 2021 12:43 JST
 
More Press release >>

Latest Press Release


More Latest Release >>