Ford’s Production Greenhouse Gas Emissions Targets Met Early

Discussion in 'In the News' started by xcel, Jan 21, 2020.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Ford earns a climate ‘A list’ designation from CDP.

    Wayne Gerdes – CleanMPG – January 20, 2020

    [​IMG]

    Ford’s actions to cut emissions, mitigate climate risks and contribute to development of the low-carbon economy have earned it a place on CDP’s Climate ‘A List’ for climate change for the first time. Ford is among 35 American companies recognized this year.

    Ford’s commitment to reduce CO2 emissions consistent with guidelines in the Paris Climate Accord includes investing more than $11.5 billion in battery electric vehicles. To increase the appeal and adoption of electric vehicles of all types – HEV, PHEV, and BEV, 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 2021.

    In 2017, Ford said it had reduced carbon dioxide emissions from manufacturing operations by 30 percent per vehicle produced – eight years earlier than planned when the goal was set in 2010.

    Building on that success, Ford 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-percent renewable energy by 2035!

    CDP is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Over the past 15 years they have created a system that has resulted in unparalleled engagement on environmental issues worldwide. Its annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, more than 525 investors with assets in excess of $96 trillion, along with 125 major purchasers which together spend US$3.6 trillion on procurement, have asked companies to disclose data on environmental effects, risks and opportunities through CDP’s platform. More than 8,400 responded.

    A detailed and independent methodology is used by CDP to assess these companies, allocating grades of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks. CDP also encourages companies to demonstrate best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are given a failing grade.
     
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