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Ford

Known for Ford, Lincoln

Ford is a publicly listed auto manufacturer headquartered in Dearborn, United States. In 2019 it had US$155.9 billion in revenue and sales of over 4.5 million vehicles. The majority of Ford’s sales take place in North America and Europe. The company sells vehicles in small volumes across 36 other countries, including China and Brazil.

Summary

Ford Motor Company (Ford) has a performance score of 9.2 out of 20 against a well below 2-degree pathway. This is lower than Ford’s previous performance score of 11.3, when it was assessed against the less ambitious 2-degree pathway.

As in the previous assessment, Ford performs very well on target setting, with both manufacturing and vehicle in-use emissions reduction targets that are fully aligned with its well below 2-degree pathway. However, despite Ford’s strong targets, the company has not delivered meaningful emissions reductions over the assessment period, particularly on vehicle in-use emissions. Ford’s performance on emissions from vehicles in-use has worsened since the previous assessment, having reduced by just 1 percent between 2014 and 2019, compared to the 23 percent required by its well below 2-degree pathway.

The company’s performance on policy engagement – crucially important for the keystone companies assessed, which have global reach and influence – has also worsened. Though Ford publicly supports the Paris Agreement, the company’s shareholders raised concerns over contradictory lobbying in its 2019 proxy statement: “Ford’s lack of comprehensive disclosure presents reputational risks when its lobbying contradicts company public positions.”

Assessment Note: Ford received a full ACT assessment in 2019.

Performance module name	Performance module score	Rank (0-30)
Targets	2.9 /3	#1
Material Investment	0.0 /0.4	#12
Intangible Investment	2.4 /2.4	#1
Sold product performance	1.5 /7	#28
Management	1.2 /2.2	#6
Supplier	0.6 /1.2	#4
Client	0.0 /0.8	#15
Policy Engagement	0.1 /1.2	#22
Business Model	0.5 /1.8	#7

Ford’s progress on the electrification of its vehicles is limited. The company had a small low-carbon vehicle share of just 0.5 percent in 2019, a decline from 1.1 percent in 2018. This reflects poor performance on engagement activities to shift consumer preference away from high-emitting vehicles.

Ford’s ambition on electrification is also limited. It plans to make conventional hybrid and plug-in hybrid options available for 50 percent of models by 2022-2026. Conventional hybrids are not considered low carbon in this assessment, as they do not remove the need for fossil fuel. Ford has committed about US$2 billion per year to these electrified vehicle solutions by 2022. It should direct investment towards much more ambitious low-carbon vehicle sales targets and more fully electric vehicles if it is to align with its well below 2-degree pathway.

See results for

2019
2021

More about the company

Headquarters: USA
Ownership structure: Publicly listed
Revenue (2019): US$155.9 billion
Number of vehicles sold (2019): 4,524,467
Website: https://www.ford.com/