Ford Motor

Automobile Manufacturers

$ 10 0.29

Share price

$ 42 bn

Market Cap

$ 155 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.55x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2023

Ford Motor aims to reduce Scope 1 + 2 by 76% by 2035 from a base year 2017

1.5°C/Well-below 2°C

GHG emissions and Carbon intensity

Ford Motor reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 3,000 Kt (-70 /-2.3% y-o-y). Also positively, carbon intensity was down at 19 t (-3.5 /-15.6% y-o-y).

Ford Motor's Scope 3 emissions increased sharply to 334,800 Kt (+34,900/+12% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 76% by 2035 from a base year 2017, which translates into the estimated reduction of -145 Kt per annum over the period of FY2023 - FY2035. This target has beeen submitted to SBTi.

Ford Motor aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	3,000	1,250	1,750	334,800	158,057	19
2021Q4	3,070	1,070	2,000	299,900	136,341	23
2020Q4	3,600	1,130	2,470	349,300	127,144	28
2019Q4	3,480	1,130	2,350		155,900	22
2018Q4	3,770	1,210	2,560		160,338	24
2017Q4	4,654	1,390	3,264		156,776	30