Ford said it plans to reduce CO2 emissions by 30% by 2025, part of the company’s tri-fold sustainability strategy.
Ford presented in its 14th Sustainability Report the three sustainability issues on which it will focus from now on: environmental, economic and social.
“It impacts our reputation, our products and the technologies we develop and use, consideration by our customers, and our marketing strategies,” said Ford CFO Bob Shanks. “Sustainability also impacts our manufacturing processes and facilities, the offices in which we work, regulatory compliance, our costs and revenues, and even our financial reporting.”
Regarding the environment the US automaker wants tor educe carbon emissions by 30% on a per-vehicle basis between 2010 and 2025, after it has already cut CO2 emissions by 37% between 2000 and 2012. CO2 emissions at the automaker’s plants have been reduced by 4.65 million metric tons since 2000, or 47%.
Ford said that its EcoBoost engines also helped the company cut the carbon emissions and also the increasing number of hybrids, plug-in hybrids and electric vehicles. From the economic point of view Ford posted in 2012 a pre-tax profit surpassing $8 billion, re-intituted sividend payments and regained the company’s investment grade status.
Source: The Detroit News