Toyota recognized by Fortune magazine list as a Top 10 Company Changing the World

Toyota has been named to Fortune magazine’s Change the World List for the second time within three years. Toyota takes the 8^th spot out of 50 companies, being recognized for its hydrogen strategy to reduce carbon emissions and the mass market introduction of the hydrogen fuel cell vehicle, the Mirai.

The Change World List is based on the shared value principle, of “doing well by doing well”. It recognizes the best global innovators that are making progress towards solving the world’s environmental and social problems.

“Toyota is proud to be recognized by Fortune, once again, as an agent of change,” said Jim Lentz, Toyota Motor North America chief executive officer. “As one of the world’s largest automakers, Toyota is in the unique position to shape the future of mobility. The Mirai hydrogen fuel cell vehicle is leading the way toward positive change and a more sustainable tomorrow.”

Three factors are taken into consideration during the process of evaluation and ranking and they include business results, social impact and the degree of innovation. This evaluation was done by Fortune magazine in partnership with FSG, a nonprofit social-impact consulting firm, the Shared Value Initiative, a global platform for organizations seeking business solutions to social challenges, and Professor Michael E. Porter from Harvard Business School.

In the end, the list included 50 companies which were selected by the editors of Fortune, based on the magazine’s analysis and reporting.

Toyota was also on Fortune’s Change the World List in the year 2015 and earned the number three spot due to its success with hybrid vehicles. For Toyota, it is a big achievement being recognized by Fortune’s list for the second time. The Shared Value Initiative states that it is very rare for a company to be considered twice.

To see the complete Fortune Change the World List, visit http://fortune.com/change-the-world