Toyota to issue $4.7 billion in ESG bonds

Toyota Motors says it plans to issue $4.7 billion in sustainability bonds.

Toyota calls the debt Woven Planet Bonds and will be used for projects including the development of zero emission vehicles and increased use of renewable energy. The $4.7 billion offering will be among the largest sustainable bond offerings by any company.

Toyota’s Woven City project is a 175-acre high-tech site that  would function as a laboratory to test the firm’s smart technologies, including autonomous vehicles, personal mobility and smart homes.