Ford Motor Company

"Ford Motor Company's net zero target is to achieve carbon neutrality by 2050. Net Zero Tracker
The company has an interim target of reducing emissions by 76.0% relative to 2017 emissions by 2035. Net Zero Tracker
Ford has a publicly available plan detailing measures for all emission scopes covered by the target. Net Zero Tracker
An interesting fact about their environmental policy is that their targets for greenhouse gas emissions from company operations (scopes 1 and 2) are consistent with reductions required to keep global warming to 1.5°C. Net Zero Tracker
In addition, you can check out the …"

Current Score (vs. LY)

50.1 pts (2.6)

Last Update: Dec. 12, 2023

Current Rankings

Global: #73

S&P100: #50

Consumer Discretionary: #9

83.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

50.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

16.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 1,069,906940,0001,130,000
Scope 2 - location-based 2,616,00300
Scope 2 - market-based 2,000,1272,020,0002,350,000
Scope 1-2 - location-based 3,685,909940,0001,130,000
Scope 1-2 - market-based 3,070,033 2,960,000 3,480,000
Scope 3 299,853,67639,700,0000
Total - location-based 303,539,58540,640,0001,130,000
Total - market-based 302,303,207 42,660,000 3,480,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 76,554,964302,303,207
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Ford Motor Company belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2LOC 16.2 2017 2023
S1S2LOC 75.0 2017 2035

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2019 2050

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/03/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C/Well-below 2°C by 2035 No target Yes
Ford Motor Company is a member of the Business Ambition for 1.5 campaign (link here )

Ford Motor Company commits to reduce absolute scope 1 and scope 2 GHG emissions 76% by 2035 from a 2017 base year. Ford Motor Company also commits to reduce scope 3 use of sold products GHG emissions 50% per vehicle kilometer by 2035 from a 2019 base year. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Ford Motor Company by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (CCS-based removals e.g. BECCS, DACCS)

Additional notes: It is important to note that carbon neutrality can be achieved using emission reductions and carbon offsets. Our philosophy is to focus on emission reductions. We are not planning to use carbon offsets for our light-duty vehicles, although they may be necessary for medium-/heavy-duty vehicles and in less developed regions of the world. https://corporate.ford.com/microsites/integrated-sustainability-and-financial-report-2021/files/ir21-climate-change-scenario-2020.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 0.0
Transparency 25.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 2.6147499029411767 10.0 2.6
7 Targets are science-based as validated by SBTi 7.5 10.0 0.0
Commitments 20.114749902941178 40.0 2.6
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 0.0 10.0 0.0
Results 5.0 30.0 0.0
Total 50.1 100.0 2.6


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 10.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2023 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 2.6
2.6 / 5.0 0.0 2.6 3.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 7.5 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 10.8
Actual (in %): 11.6
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 2.6
Actual (in %): -292.1
0.0 / 5.0 0.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.1°C 0.0 / 10.0 0.0 0.0 0.0
Total 50.1 / 100.0 47.5 2.6 58.0


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019
Source Wikirate (NV) NZPDU Yourstake Public Wikirate (NV) Public CDP NZPDU Wikirate (NV) Public Wikirate (NV) CDP NZPDU
Publication Year 2023 2022 2022 2022 2020 2022 2021 2021 unknown 2021 2021 2020 2020
Scope 1 1,250,000 1,069,906 1,069,906 910,000 3,740,000 940,000 1,124,798 1,111,529 1,124,798 1,130,000 1,418,056 1,451,947 1,394,701
Scope 2 - location-based 1,750,000 2,616,003 2,616,003 NA NA 0 2,715,328 2,770,863 NA 0 3,195,704 3,195,704 3,193,340
Scope 2 - market-based NA 2,000,127 2,000,127 1,680,000 NA 2,020,000 2,447,236 2,530,106 NA 2,350,000 NA 3,068,182 3,037,928
Scope 1-2 - location-based 3,000,000 3,685,909 3,685,909 910,000 3,740,000 940,000 3,840,126 3,882,392 1,124,798 1,130,000 4,613,760 4,647,651 4,588,041
Scope 1-2 - market-based NA 3,070,033 3,070,033 2,590,000 NA 2,960,000 3,572,034 3,641,635 NA 3,480,000 NA 4,520,129 4,432,629
Scope 3 334,800,000 299,853,676 299,853,676 45,100,000 0 39,700,000 349,281,992 45,244,663 0 0 39,676,648 183,077,722 45,873,176
Total - location-based 337,800,000 303,539,585 303,539,585 46,010,000 3,740,000 40,640,000 353,122,118 49,127,055 1,124,798 1,130,000 44,290,408 187,725,373 50,461,217
Total - market-based NA 302,303,207 302,923,709 47,690,000 NA 42,660,000 352,201,426 48,886,298 NA 3,480,000 NA 186,531,851 50,305,805

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog