Primary Climate Goal
Ford Motor's target annual Scope 1 + 2 emissions for 2035 should be equal to 1,117 Kt = 76% * 4,654 Kt, according to the company's stated climate goal.
In order to achieve this goal, Ford Motor would need to reduce its emissions at least by -145 Kt per annum over the period from 2023 to 2035:
-145 Kt = ( 1,117 Kt - 3,000 Kt ) / (2035 - 2022)
This translates into a -4.8% reduction in 2023.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Ford Motor aims to reduce Scope 1 + 2 by 76% by 2035 from a base year 2017
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
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 (
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.