The local network endeavors to facilitate the progression of a company by compliance with ten global compact principles. They also tries to create opportunities for multi stakeholder related engagement and also collaborative action (United Nations Global Compact, 2010).
Toyota Motor Corporation is a leading name in the global automobile industry. The environment related principles stated in global compact principles have been maintained quite efficiently by Toyota is their global venture as well as in their local networks. Their efforts to comply with the environment related principles have contributed to their rise towards the zenith of automobile industry. The environment principles in the global compact predominantly encourages companies to support a precautionary approach towards the environmental challenges along with undertaking greater environment related responsibility, and also encouraging to develop environment friendly technologies. Toyota based on their independently developed ‘Toyota Way’ has made a commitment towards environment. Their environment friendly approach has been incorporated in all of their business operations and throughout their entire life cycle of any product developed by them. The strategy called sustainable mobility has been utilized by Toyota to for managing and developing vehicles as well as technologies. Toyota, as a leader in the environmentally prepared technologies, has always looked to make the world ‘green’. Toyota looks to raise the industry standards by developing innovative fuel technologies and vehicles in future. Their main aim is to create vibrant and mobile society along with maintaining harmony with the global environment (Toyota, 2010).
Toyota also plays major role implementing their global environmental standards in the local networks. The evidence to this can be ...
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