Honda Motor Company
Known for Honda, Acura
Honda Motor Company is a publicly listed auto manufacturer headquartered in Tokyo, Japan. In 2019 it had US$137.3 billion in revenue and sales of over 5.1 million vehicles. Honda has a global presence. Its most significant markets are the US and China.
- Total score
- Assessment Note
Honda Motor Company received a full ACT assessment in 2019.
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Sold product performance
Honda does not have a science-based target. It has set combined targets for scope 1 and 2 emissions (from direct operations) and scope 3 emissions (from outside direct operations) together but it is difficult for external assessors to audit and assess consolidated targets. Honda can improve by setting a Science Based Targets Initiative-validated target for each of its scope 1, 2 and 3 emissions. It should also share scenario analysis and stress testing results and extend its low-carbon planning beyond 2030.
Further, its low-carbon vehicle share of 0.3 percent is far below the level required by its decarbonisation pathway (5.7 percent). Honda does little to incentivise customers to switch to low-carbon cars and no evidence of new business models to aid its transition to the low-carbon economy was found. One recent positive move has been Honda withdrawing from Formula 1 to shift resources to researching and building low-carbon vehicles.
More about the company
- Ownership structure
- Publicly listed
- Revenue (2019)
- US$137.3 billion
- Number of vehicles sold (2019)