April 7, 2008 - New York, NY - Toyota today was named one of DiversityInc's Top 50 Companies for Diversity, finishing 48th overall in the magazine's eighth annual survey.
Toyota's 2008 inclusion marks the second time the company has been recognized by DiversityInc. The annual DiversityInc Top 50 Companies for Diversity® competition is an editorial process, entirely driven by metrics obtained in a detailed survey. Top 50 companies demonstrate consistent strength in four areas: CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity.
Commenting on the DiversityInc survey, Dian Ogilvie, senior vice president at Toyota Motor North America, said, "At Toyota, we consider diversity and inclusion to be a top priority and we are honored to be recognized for the second time by DiversityInc. An award like this reminds us that regardless of any successes, there is still much work to do in every aspect of our business, including employment, procurement, and dealer development."
To help meet these goals, Toyota has worked closely with its Diversity Advisory Board (DAB), which was formed six years ago and provides outside perspective and guidance to the company. Chaired by former Secretary of Labor Alexis Herman, the
DAB consists of eight prominent leaders, including former Congressman Jack Kemp, and establishes clear goals for Toyota's efforts and commitment to nurturing inclusion and diversity in the workplace.
"Top 50 companies have clarity of their absolute values of human dignity, demonstrating a global adherence to these core beliefs," said Luke Visconti, Partner and Co-founder of DiversityInc. "These sustainable values drive margin."
Toyota (NYSE:TM) established operations in North America in 1957 and currently operates 13 manufacturing plants. In addition, two new plants are under construction in Ontario, Canada and Mississippi. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America which sold more than 2.9 million vehicles in 2007. Toyota directly employs over 43,000 in North America and its investment here is currently valued at more than $21 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $30 billion. According to a 2005 Center for Automotive Research study, Toyota, along with its dealers and suppliers, has generated nearly 400,000 U.S. jobs, including jobs created through spending by direct, dealer and suppliers employees. For more information about Toyota, visit www.toyota.com.
With a monthly business magazine and a daily news web site, DiversityInc is the leading print and online news source covering corporate diversity. DiversityInc was launched in 1997. Please visit www.DiversityInc.com for more information.
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