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Working Toward the Mobility Society of the Future

Message from the President The Source of Our Value Creation: What Makes Us Toyota Value Creation Story: Working toward the Mobility Society of the Future Business Foundations Corporate Data for Value Creation Message from the President I Believe in a Mobility Future That Only Carmakers Can Create We are living in an era in which it is hard to predict the future. On top of the recent international tensions, strained supply of semiconductors, and soaring material prices, the CASE revolution is driving a transformation of car making itself. Steering our business forward has never been more challenging. Amid these turbulent conditions, for the future of the planet and generations to come, all of industry, indeed, all of humanity must work to address the task of creating a carbon-neutral world. I began efforts toward this end by advocating for a proper understanding of carbon neutrality. "Carbon is our enemy, not the internal combustion engine or a particular powertrain." "We must reduce CO2 emissions in all processes of producing, transporting, and using energy." "It's important to pursue carbon neutrality based on each country's energy and infrastructure situation while keeping open an array of technological options to accelerate CO2 reduction and zero emission efforts." I have continued to emphasize these core points. To move forward, I think that, above all, we must put aside our doubts and just take action. This is certainly true for the development of hydrogen engines. Hydrogen engines are far from ready for commercial release, but we have been striving to accelerate development by honing them on the front lines of motorsport. The development of hydrogen engines could allow us to leverage our wealth of internal combustion engine and, in turn, protect the jobs of our colleagues who have dedicated so much to their work with engines. This approach is only possible because our engineers were quietly and diligently advancing cross-company development since long before the term "carbon neutral" became as common as it is now. I had just one message for them: Don't stop because the future is unclear; because the future in unclear, give it a try. Such efforts are not confined to hydrogen engines. At any given moment, numerous engineers are grappling with new, unprecedented technologies across Toyota. My mission is to explore the path forward to the future while protecting jobs and the livelihoods of our stakeholders. At Toyota, we do not want to leave anyone behind. That is why we are striving to extend the range of our technological options by leveraging the achievements of our engineers, including those who came before us. CROWN The Importance of Car Making Stories Over the past 13 years, I have been working to return Toyota to its origins, the philosophy of "producing happiness for all." "Let's make ever-better cars." "Let's aim to be best-in-town, rather than being the best in the world." "Let's work for the sake of others." TOYOTA MOTOR CORPORATION 2 INTEGRATED REPORT Photographs by Noriaki Mitsuhashi / N-RAK PHOTO AGENCY
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