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Tag Archives: sustainability
American Honda Advances the Circular Economy
American Honda (NYSE: HMC) said today that operations of its new Resource Circularity Center have begun. Located near the Marysville and East Liberty Auto Plants in Ohio, the Honda Resource Circularity Center is consistent with Honda’s global goal to reduce its environmental impact by creating a circular economy business model that maximizes material value and extends the lifecycle of indirect goods.
“Going beyond traditional manufacturing recycling programs that focus on direct materials such as scrap metal and plastics used to produce products, the Honda Resource Circularity Center focuses on recycling and repurposing indirect goods – tools, equipment and other items used in operations, including those that support vehicle production. These include everything from tools like torque wrenches and industrial robots to office chairs and vehicle service replacement parts such as aluminum wheels. Honda aims to recover value from such decommissioned items, helping divert waste from landfills and lower reliance on virgin raw materials,” Honda said. Continue reading
Posted in auto news, environment, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, AutoInformed news, autoinformed.com, automotive blog, Automotive news and analysis, automotive recycling, circular economy, Honda Resource Circularity Center, Ken Zino of AutoInformed, Matt Daniel, sustainability, X @KenAutoinformed
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Ford Issues 2022 Integrated Sustainability and Financial Report
The problem with all such reports is that saying something doesn’t mean that other areas of the company are actually supporting the stated goals. “Combining sustainability and financial performance in a single report,” Ford said, “is significant.” Well, given this, Ford has actively opposed attempts by stockholders at the last few annual meetings to reveal its PAC contributions. Is Ford dispensing shareholder money to politicians or companies that are actively opposed to its stated goals? Given the vast complexity of Ford’s, Democracies’ and the globe’s survival threats, it’s a key measurable in AutoInformed’s view. Continue reading
Toyota Joins WWF on Living Asian Forest Project
WWF and Toyota Motor Corporation have a five-year agreement to work together to promote biodiversity, raise environmental awareness and accelerate the move toward a zero carbon society. Continue reading
Posted in environment
Tagged autoinformed, autoinformed.com, Ken Zino, sustainability, wwf
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EPA Releases Annual Enforcement Results
The U.S. Environmental Protection Agency or EPA today issued its annual enforcement results, which the Agency said showed significant environmental and public health protections achieved during 2012. EPA said that there was a reduction of 2.2 billion pounds of air, water and land pollution, and 4.4 billion pounds of hazardous waste, as well as $252 million in civil and criminal penalties levied. Continue reading
Posted in auto news, environment, fuel economy or emissions, news
Tagged 2012 election, air pollution, auto informed, autoinformed.com, automotive news, co2, epa, Ken Zino, sustainability
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More U.S. Companies Working on Sustainability and CO2 Reduction
The Carbon Disclosure Project released today an analysis showing that S&P 500 companies are making progress towards reducing carbon emission when compared to the so-called Global 500. CDP claims its results show a “tipping point” has now been reached in American C-suites and boardrooms to integrate a sustainability agenda into overall business strategy. This apparent acknowledgement of the growing spending and voting power of the green movement is occurring without comprehensive regulatory requirements in the U.S. to reduce CO2, and despite the goal – sometimes actually stated this election season – of Republican party candidates to abolish the Environmental Protection Agency and ignore climate change and possible remedial actions. Continue reading
Gibson Guitar Plea Avoids Prosecution for Importing Protected Woods
Gibson Guitar entered into an agreement with the United States today resolving a criminal investigation into allegations that the company violated the Lacey Act first passed in 1900 by illegally purchasing and importing ebony wood from Madagascar and rosewood and ebony from India. Continue reading
Posted in environment, litigation, news
Tagged auto informed, autoinformed.com, automotive news, exotic woods, gibson guitar, Ken Zino, lacey act, sustainability
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Toyota Starts a Strategic Investment Subsidiary
Toyota Motor Corporation (NYSE: TM, 7203T) today announced the establishment of Toyota Invention Partners Company, Ltd. (TIP), a new strategic investment subsidiary with ¥100 billion yen (~$670 million) in capital. TIP will focus on accelerating collaborations between Toyota, Woven by Toyota (WbyT), Toyota Group companies, their affiliates, and external partners as part of Toyota’s ongoing transformation into a mobility company. Woven Capital, Toyota’s venture investment arm, has established Fund II with $800 million (~¥120 billion), matching the size of Fund I launched in 2021.*
“To ensure that mobility continues to bring smiles to people and remains vital to society, the Toyota Group has embraced the vision of ‘Inventing our path forward, together’. This vision places a particular emphasis on ‘Invention’, which has always been the foundation of the Group” said Kenta Kon, Operating Officer and Chief Financial Officer of Toyota and CFO and Director of WbyT. Continue reading →