Toyota Shareholders Vote Down Climate Resolution: Report
Portfolio Pulse from Shivani Kumaresan
Toyota shareholders voted down a climate resolution, supporting the board at the AGM. This comes a day after Toyota unveiled its electric vehicle technology plan. The resolution, proposed by three European asset managers, called for more transparency and disclosure on climate lobbying.

June 14, 2023 | 10:36 am
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Toyota shareholders rejected a climate resolution, supporting the board after the company unveiled its electric vehicle technology plan.
The rejection of the climate resolution and support for the board indicates shareholder confidence in Toyota's direction, especially after unveiling its electric vehicle technology plan. This could have a positive short-term impact on the stock price as it demonstrates the company's commitment to transitioning towards electric vehicles and addressing climate concerns.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100