will face major challenges ranging from hurricanes and flooding, to high temperatures and water shortages, in the coming years based on where their factories are located, said the environmental-advocacy group, which analyzed data from Moody’s ESG Solutions on physical risks.
To an extent, the list reflects the realities of geography. The Japanese carmakers, which also have factories in Asia, have facilities scattered across an archipelago that’s susceptible to typhoons. The word itself means “big wind” in Japanese. Toward the bottom of the list of major carmakers facing less climate risk are, Stellantis and other European automakers with manufacturing facilities in northern climates.
Toyota pushed back on the study, saying that it has worked to build a “disaster-resilient supply chain,” disclose itsand taken steps to secure water supplies. Almost 30% of Toyota’s vehicle output came from Japan in the first half.