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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
7.3/20
Assessment Note

Honda Motor Company received a full ACT assessment in 2019.

Measurement area Score (0-5) Rank (0-30)

Targets

0.2 / 3 #18

Material Investment

0.3 / 0.4 #7

Intangible Investment

2.4 / 2.4 #1

Sold product performance

2.7 / 7 #20

Management

1.2 / 2.2 #6

Supplier

0.3 / 1.2 #10

Client

0.0 / 0.8 #15

Policy Engagement

0.1 / 1.2 #22

Business Model

0.1 / 1.8 #24

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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.

See results for

  1. 2019

More about the company

Headquarters
Japan
Ownership structure
Publicly listed
Revenue (2019)
US$137.3 billion
Number of vehicles sold (2019)
5,177,575
Website
https://www.honda.com/