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Mazda Motor Corporation

Mazda Motor Corporation is a publicly listed auto manufacturer headquartered in Hiroshima Japan. In 2019 it had US$31.6 billion in revenue and sales of over 1.4 million vehicles. Mazda’s sales are evenly split between China, Japan, the US and Europe.

Summary

Mazda Motor Corporation (Mazda) has a performance score of 4.9 out of 20 when assessed under a well below 2-degree pathway. This is significantly lower its previous performance score of 10.6, when it was assessed under the less ambitious 2-degree pathway.

The extent of the decline in Mazda’s performance score is somewhat unexpected given its trend assessment of ‘=’ in 2019. The main contribution to the decline in its performance is its almost unchanged collective vehicle in-use emissions intensity across this 2014 to 2019 assessment period, following a period of improvement prior to 2014. Sales of smaller passenger cars have decreased while sales of light duty passenger trucks and SUVs increased, and the company still has not sold any fully battery electric, plug-in hybrids or fuel cell electric vehicles. Mazda’s first electric vehicle is due to be released in 2021. The company is tailing significantly behind the wider industry trend towards non-internal combustion engine vehicles and should rapidly ramp up low-carbon vehicle sales.

Assessment Note: Mazda Motor Corporation received a full ACT assessment in 2019.

Performance module name	Performance module score	Rank (0-30)
Targets	1.1 /3	#8
Material Investment	0.4 /0.4	#1
Intangible Investment	1.2 /2.4	#10
Sold product performance	1.3 /7	#29
Management	0.6 /2.2	#16
Supplier	0.3 /1.2	#10
Client	0.0 /0.8	#15
Policy Engagement	0.1 /1.2	#22
Business Model	0.0 /1.8	#27

The company’s transition alignment on targets has also declined. In the 2019 Automotive Benchmark Mazda’s targets were assessed as fully aligned. A more ambitious pathway was used for this assessment and input data has been revised. Therefore the company’s vehicle in-use emissions intensity reduction targets are no longer assessed as fully aligned. The company’s 2030 and 2050 reduction targets lack a baseline emissions starting intensity value, therefore, performance against them could not be assessed. Mazda should set clear and robust targets.

Overall, Mazda does not appear engaged with the low-carbon transition. Very little evidence was found of transition planning, of support for climate positive policy or of business model shifts towards activities to remain profitable in a low-carbon economy. Without a significant shift towards low-carbon vehicle sales, the company will continue to fall behind on low-carbon transition alignment.

See results for

2019
2021

More about the company

Headquarters: Japan
Ownership structure: Publicly listed
Revenue (2019): US$31.6 billion
Number of vehicles sold (2019): 1,443,552
Website: https://www.mazda.com/