Toyota Ranks Fourth On Fair360’s Top 50 Companies List For Third Consecutive Year

Published: Tuesday, May 14, 2024, 21:03 [IST]

PLANO, Texas (May 14, 2024) — Fair360, formerly known as DiversityInc, has named Toyota North America one of its 2024 Top 50 Companies, ranking fourth among the 160 companies participating in the survey. Toyota has maintained its position for the third consecutive year and continues to be the only automotive manufacturer ranked in the Top 10.

"Everyone at Toyota plays a role in creating an inclusive culture where people belong and can contribute to their fullest potential," said Tellis Bethel, chief diversity officer and group vice president of social innovation at Toyota Motor North America. "Representation from a variety of cultural backgrounds unlocks innovation, as well as opportunity for an equitable future. Together, we can create limitless possibilities for all."

The Fair360 Top 50 survey has been a benchmark for large U.S. employers that model fairness in their talent strategies, workplace and supplier diversity practices, and philanthropic engagement since 2001. Fair360 rankings are empirically driven, based on company-submitted data in six key areas: Leadership Accountability, Human Capital Diversity Metrics, Talent Programs, Workforce Practices, Supplier Diversity, and Philanthropy.

Special Recognitions for Toyota

Toyota also received special recognition in several categories:

Category	Rank
Top Company for Black Executives	2
Top Company for LGBTQ Employees	2
Top Company for Philanthropy	3
Top Company for Environmental, Social & Governance	4
Top Company for Asian American Executives	5
Top Company for NAPI	5
Top Company for Board of Directors	5
Top Company for Latino Executives	6
Top Company for Sponsorship	11
Top Company for Supplier Fairness	14
Top Company for Mentoring	17

Toyota's Community Engagement and Philanthropy Efforts

Toyota team members significantly contributed to the company's rise to number three in Philanthropy through record levels of community involvement and donations. In 2023, nearly 50,000 volunteer hours were logged with 995 organisations across the US by team members. This marks an increase of nearly 26% over the previous year in volunteer hours and nearly a 13% increase in the number of organisations helped.

This commitment underscores Toyota's culture of prioritising connections within the communities where team members live and work.

Toyota's Commitment to Diversity and Inclusion

Toyota Motor North America and Toyota Financial Services moved their headquarters to Plano in 2017 as part of the OneToyota initiative. This move facilitated faster decision-making processes and improved experiences for both customers and team members. Information from both companies was collected and submitted to Fair360.

Toyota has been part of North America's cultural fabric for over 65 years. The company is dedicated to advancing sustainable mobility through its Toyota and Lexus brands and more than 1,800 dealerships. Toyota employs over 63,000 people in North America who have contributed to designing, engineering, and assembling nearly 47 million cars and trucks at its twelve manufacturing plants.

Toyota's Future Plans and Contributions

By 2025, Toyota’s thirteenth plant in North Carolina will begin manufacturing automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers twenty-eight electrified options.

Toyota has contributed more than $1 billion to American nonprofit groups. For more information about Toyota’s contributions in the U.S., visit their website.

About Fair360

Fair360 leverages comparative human capital data to help organisations develop fair and inclusive workplaces using benchmarking and best practices. Its mission is to provide committed leaders with insights to drive effective workforce planning strategies, ensuring equity for all employees. Fair360 is a VA-certified veteran-owned business certified by Disability:IN as a company owned by a person with a disability.

For more information about Fair360’s methodology with a Cronbach Alpha Reliability score of .93, visit their website.