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Ahead of time, Toyota Material Handling Europe follows the EU's ESRS framework in new sustainability report

In its latest sustainability report, Toyota Material Handling Europe already follows the new European Sustainability Reporting Standards (ESRS framework), although this approach is not yet mandatory. By doing so, the company is raising standards by embracing change.

For its sixth sustainability report, Toyota Material Handling Europe aligned its reporting process with the ESRS well ahead of time. This approach allows the company to identify the gaps in its sustainability communications early on, disclose information currently available and prepare itself for the new standards, which come into effect in 2026. A key part of the EU Corporate Sustainability Reporting Directive (CSRD), the ESRS framework is an upcoming set of EU compliance and disclosure requirements for large companies.

‘We are committed to being transparent towards our stakeholders on the challenges we face in becoming a more sustainable company. We aim to be publicly accountable on our commitments towards progress through our sustainability reporting,’ says Ernesto Domínguez, President and CEO at Toyota Material Handling Europe.

For over a decade, Toyota Material Handling Europe has been a sustainability frontrunner in the material handling industry. By aligning its 2023 Sustainability Report structure with ESRS ahead of EU requirements being phased in - and by setting new targets linked to each of the standards - the company challenges itself to continue leading the way, sharpening its focus not only on its own operations, but also on relationships with suppliers, subcontractors, customers and other stakeholders.

Other report highlights include the company's submission of emissions targets to the Science Based Targets initiative (SBTi), a new DE&I commitment to deliver an inclusive workplace, and the creation of an ESG Committee to enhance the company's sustainability strategy and ESG decision making.

‘Every sustainability challenge is inherently cross-functional. That’s why putting together a team of directors from every business function enables us to tackle a full range of sustainability issues, such as climate change, diversity, and health & safety. The ESG Committee will enable us to support our Management and gain momentum in transitioning to a more sustainable business,’ says Tom Schalenbourg, Director Sustainable Development at Toyota Material Handling Europe.

You can access Toyota Material Handling Europe's 2023 Sustainability Report here >>

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