Ford plans to reach carbon neutrality by 2050

Monday, 29 June 2020 15:38:49 (GMT+3)   |   Istanbul

One of the largest global automakers, Ford Motor Company, plans to reach carbon neutrality by 2050, aiming to fulfill the targets of the Paris Agreement signed by the United Nations for climate protection, according to the company’s 21st annual sustainability report.

The company executives stated that Ford will focus on vehicle use, its suppliers and facilities in order to achieve its carbon neutral target as these areas account for almost 95 percent of its carbon dioxide emissions. The company also stated that there are many challenges such as government policies, technical solutions, energy price fluctuations and changes in consumer demand in this period.

Ford plans to invest more than $11.5 billion in electric vehicles through 2022, introducing zero-emission versions of some of its most popular automobiles.

Besides, the company aims to use hundred percent locally-sourced renewable energy for all its manufacturing sites globally by 2035 as a part of its carbon-cutting strategy.

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