Honda Motor Co Ltd
Automobiles & Auto Parts
Company Summary
Honda Motor Co., Ltd. is a major automaker known for its commitment to environmental sustainability through initiatives such as electric vehicle (EV) development and energy-efficient technologies. The company’s ESG rating is bolstered by its targets to reduce carbon emissions and improve fuel efficiency across its fleet. However, Honda faces criticism for its continued reliance on internal combustion engine vehicles in certain markets and the environmental impact of its supply chain practices, including labor conditions in some regions. While Honda continues to make strides toward a more sustainable future, its efforts are challenged by the legacy of traditional vehicle production. For a deeper understanding, refer to the Honda ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Honda is Average among 67 companies in the automobiles industry.
Temperature Rise :
FAQ
What is Honda's ESG rating?
Honda has an ESG score of 70/100 (MSCI), with strong environmental sustainability practices but challenges related to governance and social issues.
How does Honda contribute to environmental protection?
Honda is committed to carbon neutrality by 2050, focusing on electrification and producing more than 2 million EVs annually by 2030. The company is also working on reducing CO2 emissions from its manufacturing plants and promoting energy-efficient technologies.
What governance practices does Honda implement?
Honda has a strong corporate governance framework, with independent directors and a commitment to ethical business practices. It has a Code of Conduct that emphasizes transparency, anti-corruption policies, and sustainable decision-making.