Japanese automaker, Honda Motor Co (NYSE:HMC) and the Honda USA Foundation announced Thursday that they have awarded more than $2.7 million in funding to a variety of environmental education and conservation initiatives across the U.S.
The funding includes $625,000 to support The Nature Conservancy (TNC) programs across 10 states and an additional $2M in financial grants to 67 organizations undertaking environmental and conservation initiatives across multiple states.
"Honda has set a global goal to achieve carbon neutrality for all of our products and corporate activities by 2050, and we are pleased to support the efforts of environmental organizations doing their own good work to help ensure a sustainable future," said Yvette Hunsicker, vice president of Corporate Social Responsibility and Inclusion & Diversity at American Honda Motor Co., Inc. "Our commitment to the environment is one of the core pillars of Honda's giving that positively impacts our communities, our nation and our planet."
"We are grateful for the investments Honda is making to advance sustainability and conservation in 10 key states," said Dan Salzer, director of Sustainability for The Nature Conservancy. "These gifts allow us to focus on outcomes such as renewable energy, natural climate solutions, enhanced community engagement and access, and the right strategies and tools to forge a resilient and healthy future for people and nature alike, across the country."
Honda and the Honda USA Foundation also awarded more than $2M in financial grants to 67 organizations supporting the environment and conservation initiatives. These environment-focused grants were a part of Honda's overall annual funding cycle, which provides support for projects that align with Honda's strategic CSR pillars of education, environment, mobility, traffic safety and community.
Shares of HMC are up 2.42% in afternoon trading on Thursday.