Newsweek has recognized Toyota as one of the world’s greenest companies in its annual “Green Rankings for 2017-18” awards, on the basis of its sustainability efforts and on-going development of hybrid and fuel cell vehicles.

As part of its awards, Newsweek scored Toyota in the top 5 percent of global companies with a “Best in Industry Global” distinction, ranking 16th overall. It also achieved a first-place ranking within the automotive manufacturer category, beating Volkswagen, who won last year.

“Toyota is proud to be recognized by Newsweek as the world’s top green automaker and as a leader among global companies,” said Jim Lentz, chief executive officer of Toyota Motor North America. “We are continually working to develop and improve technologies for our operations and vehicles. Our aim is to reduce the impact on the environment while maintaining affordability for our customers, and position our company as an industry leader in sustainable mobility.”

Newsweek’s methodology for determining winners is based on eight key environmental performance indicators. It uses a weighted scoring system that accounts for combined energy productivity, GHG (greenhouse gas emissions) productivity, water productivity, and other similar criteria relative to its industry peers in its category and compared against general, publicly traded companies overall.

Within the “Best in Industry Global” category, other notables to beat out Toyota’s 16th Place finish include L-Oreal SA (No. 1), Siemens AG (No. 4), Accenture PLC (No. 7) and Adidas (No. 9).

In the Global 500 Consumer Discretionary sector category, which lists automotive companies, Daimler AG follows Toyota at No. 45 overall, followed by Hyundai (No. 68), Audi (No. 74), and Ford Motor (No. 79).

To see a complete list of winners in multiple categories, visit Green Ranking 2017