Toyota Finance Company
Toyota Finance Company Commitment
Toyota Finance Company strongly believes in bringing about the eco-consciousness as well as the eco-awareness in the minds of each and every stakeholder. Thus, as they are committed to this belief, they strive towards establishing different types of eco-initiatives that will include all the stakeholders, their families, the top administration, suppliers, community surrounding the company and all the employees at all levels (Toyota Motor Corporation 2015). Toyota Finance Company also has a global commitment to all the other countries where they offer their services. Thus, they strive to preserve the environment across all the nations where they have their business operations. Writers who offer strategic management assignment help at Edudorm essay writing service notes that the company, therefore, works towards developing, instituting and promoting of expertise that is well-suited with both the surrounding and the economic operation as they aim at creating an amusing natural environment that is suitable for the generations to come even in the future. This will ultimately result in the establishment of a sustainable community which is able to co-exist harmoniously with nature and with the day to day life (Toyota Motor Corporation 2012).
Principle 2: “making sure that Toyota Finance Company operations fail to comply with the human right exploitations”.
Principle 8: “carrying out of initiatives that stimulate better environmental obligation”.
Therefore this paper will evaluate the past as well as the present practices that are involved in these principles so as to draw some of the teachings from them and be able to recommend alternative practices that Toyota Finance Company may implement for more improvement in their operations.
The Environmental Principle at Toyota Finance Company
Toyota Company is one of the companies that are so concerned with functioning in harmony with nature and thus, they all strive towards exploiting the resources wisely and reducing the amount of waste from their operations. They have thus made it a routine to report the resource e exploitation and the waste generation data in their sustainability publications in each and every Year (Nunes et al 2010). In order to guide their actions, they have implemented the environmental policies so as to be able to control pollution and reduce the energy at any given chance. Thus they are determined to reduce the amount of carbon emission with an aim of improving the environment (Toyota Motor Corporation 2014).
Past and Current Practices at Toyota Finance Company
There have been a variety of challenges that have been facing the modern society. These challenges relate to the energy problems that are associated with global warming, the conservation of the biodiversity, food and water reduction, poverty as well as discrimination. Thus the Toyota Company must strive towards the resolving of these global and regional issues in each society that they operate in. Authors who offer operations management assignment help at Edudorm essay writing service points that Toyota Finance Company thus proposes the use of acquiescent, low carbon movement together with new lifestyles that involve the early application of the personal robots that offers support to the people (Lavanya et al 2012). This enhances the company to be able to create comfortable, livable societies through the development and promotion of the next generation with the eco-friendly vehicles that are safe in the transport environment (Manna et al 2011).
Recommendation for Toyota Finance Company
Toyota Finance Company should strive more for the improvement of their production so as to be able to contribute towards the enriching of the lives of the society.
Benefits for Key Stakeholders at Toyota Finance Company
Toyota
They will be able to attain their core goal of enriching the lives of their customers and nature in general thus realizing of sustainable and rich societies.
Members of the supply chains
The members are able to rise on the know-how of the environmental practices and the eco-effective production.
Customers
They are able to consume the eco-friendly Toyota products.
Shareholders
They will be positive about the well-being of the Toyota Company since the recommendations will enhance their trust and appreciation for Toyota Finance Company operations.
Environmental interest groups
It offers an opportunity for the collaboration with the Toyota Finance Company and all the stakeholders so as to develop a greener community.
Challenges and Risk for Key Stakeholders at Toyota Finance Company
Toyota
Some of the stakeholders may be slow to accept and to implement the eco-friendly methods of production.
Shareholders
Toyota Finance Company may allocate more funds that focus on the greener practices thus resulting to a short period of profits.
Making sure that Toyota Finance Company operations are not complicit with the human right abuses
Toyota Company is reacting to the changes in the situations that have heightened the social demands relating to the human rights through the constant improvement and appraising of the company initiatives (Toyota 2015).
Past and Present Practices at Toyota Finance Company
Thus they have created an in-house precedence CSR so as to confirm whether Toyota Finance Company is executed in connection with the element of respect for the human rights and the follow-up for the different purposes annually (Toyota 2015). Tutors who offer corporate strategy assignment help at Edudorm essay writing service acknowledges that they have also offered education to all their newly appointed superiors, employees, and directors so as to create awareness of the compliance concerns.
Recommendation
Toyota Finance Company should focus on the implementation of the advancement measures to be implemented so as to address the human rights and labor concerns that are based on the outcome of the self-checking associated compliance platform.
Benefits for key stakeholders:
Toyota
This will enable them to uphold a consolidated compliance strategy that will enable Toyota Finance Company to comply with the human rights.
Regional intermediaries
It offers a precise way for the people to work towards what they have so as to conform to in their operation so as to ensure that all the human rights are adhered to.
Shareholders
They gain more returns as this compliance practice lives up to the people’s expectation of their human rights.
Challenges and risk for key stakeholders:
Toyota
Some of the key stakeholders may fail to cooperate towards the fulfillment of these practices.
Shareholders
They may suffer from short durations of low returns due to the resources that will be allocated for the compliance programs.
Conclusion
It is clear that the Toyota Company has worked hard in ensuring that they meet all their goals and this has enhanced them to be the leading corporation in this line of business. With the consideration of the two recommendations, Toyota Finance Company will be able to realize maximum good for the community as they maintain the compliance of the two principles.
References
Lavanya, B., and M. Anbalagan. (2012). “Corporate Environmental Responsibility with special reference to Toyota Motor Corporation.”
Manna, Dean R., Gayle Marco, Brittany Lynn Khalil, and Sara Meier. “Sustainable Markets: Case Study Of Toyota Motor Sales, USA, Inc.” Journal of Business Case Studies 7, no. 3 (2011): 63.
Nunes, Breno, and David Bennett. “Green operations initiatives in the automotive industry: An environmental reports analysis and benchmarking study.” Benchmarking: An International Journal 17, no. 3 (2010): 396-420.
Toyota Motor Corporation. (2012). Sustainability report 2012.
Toyota Motor Corporation. (2014). Sustainability report 2014.
Toyota Motor Corporation. (2015). Respect for the planet. Toyota’s Environmental initiatives. Toyota. (2015). Corporate Governance/Compliance/Risk Management.
Toyota. (2015). Respect for Human Rights.
