Ford has put considerable effort into making its business more sustainable in recent months, releasing its first-ever integrated sustainability and financial report back in March of 2021, launching a new sustainable financing framework to fund future projects, joining the New Deal for Europe initiative, and investing $50 billion in EVs by 2026 as it aims to cut greenhouse gas emissions from its U.S.-based plants by 50 percent by 2030. These actions have earned The Blue Oval some recognition as well, including a spot on the CDP Climate A-List and a WEC Gold Medal for International Corporate Achievement in Sustainable Development. Now, the automaker has released its 2022 Integrated Sustainability and Financial Report, which includes an industry-first human rights report.
The report reiterates several of Ford’s recent goals, including scaling EV production to 2 million units annually by 2026, making half of its annual sales volume electric by the end of the decade, and achieving carbon neutrality by 2050. However, the shift to electric vehicles is one that requires the consideration of raw materials sourcing, end-of-life battery recycling, and human rights issues. As part of this transition, Ford’s first-ever human rights report focuses on the importance of sourcing those materials ethically and responsibly.
“The truest mark of success is whether we leave the world a better place for the next generation,” said Ford Executive Chair Bill Ford. “Each year, our integrated report reminds me of our commitment to our values, and our drive to move the needle on the issues that matter. This has been true since we launched the report 23 years ago, a first for the industry. And it could not be truer today.”
“I am also pleased to say that this year, Ford will publish a human rights report, another first for the U.S. auto industry. It will examine how our materials are sourced, where our products are manufactured, and how our labor standards measure up. I am proud of the progress we have made over the last two decades and look forward to our continued accomplishments.”