Ford receives prestigious global corporate awards
Ford Motor Company was recently recognised for leadership in corporate sustainability by Carbon Disclosure Project (CDP), securing a place on the global environmental nonprofit group’s prestigious ‘A List’ for tackling climate change and protecting water security, and also was honoured with the 36th annual Gold Medal for International Corporate Achievement in Sustainable Development awarded by the World Environment Center (WEC) for addressing climate change and promoting environmental conservation.
This is the second straight year Ford, one of 270 global companies named to the A List, has been recognised by CDP for climate-change efforts. Ford has received A’s from CDP for water reduction for six years in a row and is one of only 106 companies globally to earn such an award for water security.
“We are making real progress in reducing our impact on the planet,” said Bob Holycross, Ford’s chief sustainability, environment and safety officer. “Our people, customers and investors expect us to do more around climate change and we are up to the challenge, because we know that what’s good for the planet is good for our business.”
Ford is the only full-line US automaker that has committed to reduce CO2 emissions in line with the Paris Agreement for climate change. Earlier this year, the company announced it intends to achieve carbon neutrality globally no later than 2050, while setting urgent interim targets to address climate change. Ford also led the way in reaching a voluntary agreement with California to adopt meaningful greenhouse gas emissions reductions.
Ford is investing more than $11.5 billion in electric vehicles through 2022. In 2017, Ford achieved its goal to reduce the company’s global carbon dioxide emissions from manufacturing operations by 30 per cent per vehicle produced by 2025, eight years early.
Since 2000, the company has worked to conserve water through its global water initiative and has reduced operational water use by 70 per cent, saving more than 11 billion gallons of water.
“The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
Since 2000, Ford’s annual sustainability report has tracked the company’s wide-ranging approach to and significant achievements in corporate social responsibility related to climate change, water conservation and air quality, among other issues.