GlobalData offers a comprehensive analysis of Ford Motor, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Ford Motor‘s ESG performance. GlobalData’s company profile on Ford Motor offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Ford Motor is committed to reducing its greenhouse gas (GHG) emissions. The company strives to achieve carbon neutrality by 2050 globally and by 2035 in Europe, with a primary focus on the three key areas responsible for around 95% of its carbon emissions: vehicles, operations, and the supply chain. In their pursuit of carbon neutrality, the company will work towards reducing emissions in Scope 1, 2, and 3, as defined by the GHG Protocol. Ford has set interim targets concerning GHG emissions, electric vehicles (EVs), renewable electricity, and recyclable plastics as part of its comprehensive strategy towards achieving the carbon neutrality goal.
The 2022 Integrated Sustainability and Financial Report mentions that the CO2-intensity reduction relative to the base year decreased in 2022 due to an increased share of sales of medium- and heavy-duty commercial vehicles compared to 2021. As per the report, in 2022, the company's Worldwide Facility reported Scope 1 and 2 GHG Emissions at 2.38 million metric tons CO2e and Worldwide Operations Scope 1 and 2 GHG Emissions at 3.00 million metric tons CO2e. The total Scope 3 emissions reported was 334.8 million metric tons CO2e. The company is striving for a 76% targeted reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2035, measured from a 2017 base year, with approval from the Science Based Targets initiative (SBTi). Additionally, there is a goal for a 50% targeted reduction in Scope 3 GHG emissions per vehicle kilometer resulting from the use of sold products by 2035, using a 2019 base year, also approved by SBTi.
Ford has taken steps to reduce emissions and the company has invested in electric vehicles (EVs) and calculates the CO2 savings from EVs based on the EPA Greenhouse Gas Equivalencies Calculator. Ford also considers electricity production CO2 emissions and fuel production CO2 emissions in its calculations. The company is researching and developing alternative powertrains and fuel options for its vehicles to provide customers with efficient, low-carbon alternatives. The company's short-term objective is to incorporate 20% recycled or renewable plastics in new vehicle designs for North America and Europe, including Turkey, by 2025. For China, the goal is to achieve a 10% utilization of recycled or renewable plastics in new vehicle designs.
In terms of waste management, Ford has made efforts to reduce waste and increase recycling. Company's Integrated Sustainability and Financial Report provide data on total waste by type and disposal method, as well as scrap metals. Ford has also implemented initiatives to achieve zero waste to landfill (ZWTL) and has a certain number of ZWTL sites globally.
In conclusion, Ford Motor is dedicated for reducing GHG emissions and the company is taking steps to reduce emissions through investments in EVs, research and development of alternative powertrains and fuels, and waste management initiatives. Ford's efforts towards emission reduction and waste management are evident.