Fortune Magazine Names Toyota To Their First-Ever Change The World List

Sep 2, 2015

The Toyota brand has been included on Fortune Magazine’s first-ever “Change the World” list, which was recently released. There is a total of 51 companies on this list and Toyota was listed to the number three spot due to its advancements in Hybrid and zero-emissions vehicles. Overall, Toyota hybrid vehicles account for 40 percent of the hybrid models sold globally in the hybrid market.

Toyota was the first brand to ever mass-produce a Hybrid vehicle when it developed the Toyota Prius back in 1997. Now, 18 years later, the brand is about to make history again when it launches the first-ever mass-produced Hydrogen Fuel Cell Zero-emissions vehicle next month. This all-new model is of course none other than the highly-anticipated Toyota Mirai.

The Magazine put this list together by asking business, academic, and nonprofit experts to provide them with businesses that they felt had made a significant impact on global social and environmental issues along with performing at the top of their game in terms of their profit-making strategy. Fortune ended up with a total of 200 nominees which were then evaluated based on four main factors. These factors included the degree of business innovation involved, the measurable impact at scale on an important social challenge, the contribution of the shared-value activities to the company’s profitability and competitive advantage, and the significance of the shared value effort to the overall business. In the end, they narrowed the list down to 51 overall winners.