As the finance arm of Toyota, TFS turns to capital markets to raise funds that, in turn, enable the offering of attractive interest rates to Toyota customers. Developed in partnership with Citi, the $350 million bond enables TFS to capture a more diverse investor base, and it allows diversity firms the ability to strengthen client relationships while giving their investors greater access to TFS bonds. TFS has had a long-standing relationship with Citi, whose philosophy and commitment to diversity programs mirrors that of TFS.
TFS’ deep-rooted culture of diversity and community gives team members and suppliers the opportunities to learn, embrace and share diversity best practices. All lead underwriters on the transaction were minority- or women-owned brokerages who have worked closely with TFS as advocates for diversity and inclusion.
“At Toyota we believe that inclusion cannot be a stand-alone initiative, an isolated department or a page in the employee manual,” says Latondra Newton, Chief CSR Officer, Toyota Motor Sales, Inc. “Fostering diversity is not only the right thing to do – but an integral part of our strategy to stay competitive in the marketplace.”
TFS’ dedication to diversity and inclusion touches every part of the business, and it extends beyond its team members and business partners. Its diversity platform has been commended by organizations such as the Human Rights Campaign (HRC) for maintaining a perfect ‘100’ score on HRC’s Corporate Equality Index. Most recently, Toyota was once again honored as the only automaker securing a spot on DiversityInc’s Top 50 list—making the list for the eighth consecutive year.