California Voluntary Carbon Market Disclosures Act

Toyota Motor North America, Inc. (“TMNA”) provides the following disclosure in compliance with Section 44475 of the California Health and Safety Code, as added by California Assembly Bill 1305, referred to as the Voluntary Carbon Market Disclosures Act.  This information relates to statements made or activities undertaken by TMNA as of December 31, 2024.  TMNA is a wholly owned subsidiary of Toyota Motor Corporation (“TMC”) (collectively, including affiliates “Toyota”).

In North America, TMNA, Toyota Motor Manufacturing Canada Inc. (“TMMC”) and Toyota Canada Inc. (“TCI”) (together “Toyota North America”) have been producing an annual regional environmental report covering activities in the United States, Canada, and Mexico since 2002.  The Toyota North American Environmental Sustainability Report (“NAESR”) is prepared with reference to the Global Reporting Initiative Sustainability Reporting Standards.  The NAESR features information about TMNA’s environmental sustainability strategy, targets, and performance.  TMNA’s measurements of progress toward its carbon reduction goals are updated in the most recent NAESR, which are included in this disclosure.

TMNA’s claims related to California’s Voluntary Carbon Market Disclosures Act are primarily found in the NAESR.  Additionally, claims can also be found on TMNA’s environmental sustainability website and in certain Newsroom press releases or feature stories.

TNMA does not sell, market, or use voluntary carbon offsets covered by the Voluntary Carbon Market Disclosures Act.  For purposes of Section 44475.2 of AB 1305 regarding carbon reduction claims, TMNA discloses the following:

Revised as of 12/9/2024

Toyota Motor North America Disclosure Pursuant to Section 44475.2 of AB 1305

** Disclaimer This disclosure, including the reports referred to in this disclosure, contain forward-looking statements regarding the expectations, forecasts, targets, and plans of TMNA.  These forward-looking statements are based on information currently available to TMNA and are stated in this disclosure based on the outlook at the time that the reports referred to in this disclosure were produced. These forward-looking statements contain certain assumptions that are subjective and may prove to be incorrect. Should any underlying assumption prove to be incorrect, actual results in the future may vary materially from some of the forward-looking statements in this disclosure. TMNA has no obligation or intent to update any forward-looking statements contained in this disclosure or the documents referred to in this disclosure, except to the extent required by law.