Toyota Faces Shareholder Pressure Over Climate-Related Lobbying Disclosure

Company CultureHigh Tech / High Touch
Written By Jennifer Joslyn

Progressive investors, including California Public Employees’ Retirement System (Calpers) and New York City’s public-worker pension funds, are seeking to remove Chairman Akio Toyoda from his position at Toyota. They are pushing for a resolution at the upcoming shareholder meeting, demanding disclosure of the company's climate-related lobbying activities. This move is seen as a possible retaliation against Toyoda's skepticism towards the widespread adoption of electric vehicles (EVs) and his emphasis on alternative solutions like hybrids and plug-in hybrids.

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Jennifer Joslyn
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