Ford Motor Company has received an A grade for its water security efforts from CDP, the environmental impact nonprofit that drives sustainable economies. This marks the fourth year in a row Ford has earned an A from CDP for its water management efforts, according to a statement by the autocompany.
The statement said Ford is the only automaker and one of fewer than 30 companies globally to be awarded an A for water security, in recognition of its efforts to manage water sustainably. Since 2000, the company has worked to conserve water through its global water initiative and has reduced operational water use by 62.5 percent, saving 10.4 billion gallons of water. Ford is on track to achieve its goal of reducing water use by nearly three-fourths by 2020, with a long-term goal of using zero drinkable water in its vehicle manufacturing processes.
“Access to clean water is a fundamental human right,” said Kim Pittel, vice president, sustainability, environment and safety engineering, Ford Motor Company. “We know we play an integral role in establishing best practices to help protect the environment – both for Ford and our supply chain. Through our integrated approach to sustainability, our goal is to improve the lives of not only our customers, but communities around the world.”
Ford received an A- for its climate change efforts for the third year in a row. As part of the company’s commitment to deliver on its share of CO2 reductions consistent with the Paris Climate Accord, Ford is investing $11 billion to introduce 16 fully electric vehicles within a global portfolio of 40 electrified vehicles through 2022. Additionally, in 2017 Ford achieved its goal to reduce the company’s global carbon dioxide emissions from manufacturing operations by 30 percent per vehicle produced by 2025, eight years early.
“Congratulations to all companies that made it onto CDP’s A list this year,” said Paul Simpson, CEO of CDP. “As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels to meet both the goals of the Paris Agreement and sustainable development goals. It’s clear the business world is an essential player in this transition and the A list companies are set to make a substantial contribution to those goals.”
Ford’s annual sustainability report has tracked the company’s comprehensive approach to managing corporate social responsibility issues related to climate change, water conservation and air quality among others, and has identified opportunities for significant impact across the business since 2000.
Culled from ~ ThisDay