Ford Motor Company has announced an expansion of its climate change goals, intending to achieve carbon neutrality globally by 2050 while setting interim targets to address climate change challenges quicker.
Carbon neutrality refers to achieving net-zero carbon emissions by balancing actual emissions with carbon removal. To achieve its goal, Ford said it will first focus on the three areas that account for around 95 per cent of its CO2 emissions: vehicle use, its supply base and the company’s facilities.
The company said it is fully aware of challenges including customer acceptance, government regulations, economic conditions and the availability of renewable carbon-neutral electricity and renewable fuels.
“We can develop and make great vehicles, sustain and grow a strong business and protect our planet at the same time; in fact, those ideals complement each other,” said Bob Holycross, Vice President Chief Sustainability, Environment and Safety Officer at Ford. “We don’t have all the answers yet but are determined to work with all of our global and local partners and stakeholders to get there.”
Ford said it is also working to develop climate change goals approved and defined by the Science Based Targets initiative for its Scope 1, Scope 2 and Scope 3 emissions. Scope 1 covers direct emissions from company-owned or controlled sources, while Scope 2 addresses indirect emissions from generation of purchased electricity, steam, heating, and cooling consumed by Ford. Scope 3 emissions are in-use emissions from vehicles that Ford sells, emissions from its supply base and others.