Ford Motor Company has been placed on CDP’s climate A-list as a result of its actions to cut emissions and develop low-carbon technology.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Ford’s commitment to reduce CO2 emissions consistent with guidelines in the Paris Climate Accord includes investing more than $11.5 billion (£8.8bn) in electric vehicles.
To increase the appeal and adoption of electric vehicles, Ford is introducing zero-emissions versions some of its most successful vehicles, including the Mustang Mach-E later this year and an electric F-150 in the near future. The company also recently launched North America’s largest EV charging network.
In the UK, it is also increasing its range of hybrid and plug-in hybrid models.
“Our people, our customers and our investors expect us to constantly do more to address climate change,” said Bob Holycross, vice president, sustainability, environment and safety engineering, at Ford Motor Company. “For more than 20 years, Bill Ford, our executive chairman, has been driving us to act more boldly around climate change.
“We believe making great vehicles, protecting the planet and maintaining a strong business are dependent on each other and not mutually exclusive priorities.”
Bruno Sarda, president of CDP North America, added: “Congratulations to Ford for earning a spot on this year’s Climate ‘A List’ – the company is a model for true corporate sustainability leadership.
“Climate change is an undeniable business risk if unaddressed and we must transition to a low-carbon economy now to avoid the worst impacts. A List companies know sustainability presents an exciting race to the top, an opportunity to innovate and rethink business as usual, proving that environmental responsibility simply makes good business sense.”
In 2017, Ford said it had reduced carbon dioxide emissions from manufacturing operations by 30% per vehicle produced – eight years earlier than planned when the goal was set in 2010.
It then announced a new global Carbon Reduction Strategy for manufacturing, with a significant emphasis on renewable energy and a continued focus on low-emission sources and energy efficiency. Ford has set an aspirational goal to run all its manufacturing plans globally on 100% renewable energy by 2035.