Ford has continued to make remarkable efforts in transitioning its business to become more sustainable, including releasing its very first integrated sustainability and financial report last year, launching a new sustainable financing framework to support future projects, and investing $50 billion in EVs by 2026 as the company aims to reduce greenhouse gas emissions from its U.S.-based plants by 50 percent by 2030. Most recently, Ford just released its 2022 Integrated Sustainability and Financial Report, which includes an industry-first human rights report too.
The report summarizes several of Ford’s innovative goals, including scaling EV production to 2 million units every year by 2026, ensuring that half of its annual sales volume is electric before 2030, and achieving carbon neutrality by 2050. However, the shift to electric vehicles requires careful raw materials sourcing, end-of-life battery recycling, and human rights issues. As part of this transition, Ford’s first-ever human rights report hones in on the finer details of sourcing those materials in ethical and environmentally responsible ways.
Production results and other metrics from 2021 show that the Ford+ strategy for growth and value creation is working. Ford’s revenue, net income, and adjusted earnings before interest and taxes all rose every year despite industry-wide semiconductor challenges, other supply chain problems, and the ongoing effects of the COVID-19 pandemic. Ford is making tremendous progress in both the strategic direction and financial performance of the business.
“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.”
This is the second year Ford has brought its annual financial and sustainability reports together to give a more holistic view of its progress, marking 23 years of transparency and rigor in sustainability reporting for investors and stakeholders.
