Ford Motor Company has
announced that it will join the First Mover’s Coalition, an initiative led by
the US Department of State and the World Economic Forum that includes more than
30 of the world’s leading companies committed to harness their purchasing power
and supply chains to create early markets for innovative clean energy
technologies.
In joining the First Mover’s
Coalition, Ford pledges that at least 10 per cent of all steel purchased (per
year, by volume) will be near-zero emissions by 2030 and that at least 10 per
cent of total primary aluminium purchased (per year, by volume) will be at or
below a near-zero threshold of carbon intensity by 2030, it said.
“Our commitment to the Paris
Agreement was just the start of Ford’s ambition to reach carbon neutrality.
Now, we are actively working to develop the materials and technology needed to
create a zero-emissions transportation future,” said Chris Smith, Chief
Government Affairs Officer for Ford. “We’re proud to be the first US automaker
to join the First Movers Coalition and to work with global partners to continue
reducing our environmental footprint and meet the expectations of our
customers.”
Ford’s goal is to have a
positive impact on people and the planet and was one of the first auto makers
to join the international community and commit to the Paris Agreement. Aligned
with that commitment, Ford is working to achieve carbon neutrality globally
across its vehicles, operations and supply chain no later than 2050, backed by
science-based interim targets it will meet by 2035.
“Reducing emissions to
net-zero by 2050 is possible if we invest in the right technologies and bring
them to scale within the next decade,” said Cynthia Williams, Global Director
Sustainability, Homologation and Compliance. “By joining the First Movers
Coalition, Ford is ignalling to the market that we want to work together to
create commercially viable green steel and aluminium. The intent and
significance of our commitment today has the potential to help build the net-zero
economy.”
To compete and win in a new
era of electric and connected vehicles, Ford plans to invest more than $50
billion globally from 2022 through 2026 to develop electric vehicles and the
batteries that power them. The company will do so from some of the most
advanced and efficient auto factories in the world, creating thousands of new
jobs and building a sustainable and ethical supply chain.
At COP26, Ford joined
RouteZero, a global coalition to curb global warming by working toward making
sales of all new cars and vans zero-emissions by 2040 globally, and no later
than 2035 in leading markets. For Europe, the company announced this March,
that it is targeting zero emissions for all vehicle sales in the region and
carbon neutrality across Ford’s European footprint of facilities, logistics and
suppliers by 2035.