- While it may sound like a lofty goal – reducing carbon dioxide emissions per vehicle from its assembly plants 30% by 2025, Ford Motor Co. already accomplished a larger pushback on emissions – 37% was cut from 2000 to 2010.
- Ford’s Chief Financial Officer Bob Shanks just discussed the automaker’s 14th annual sustainability report with analysts and reporters.
- His comments emphasized the company’s commitment to hitting the target – and it illustrated how sustainability initiatives are being handed to executives who manage the purse strings for some of the world’s largest companies.
- It’s not all about cost, he said. “These are the right things to do and they will have a business case around them over the longer term,” Shanks said.
- CFOs are playing a larger role in monitoring corporate sustainability, according to a Deloitte survey of companies last year that produce at least $1 billion in annual revenue. Of the 250 CFO’s interviewed, 26% now have authority for sustainability efforts, up from 17% a year earlier. The authority is shifting over from CEOs to CFOs empowered with operating authority and huge budgets.
- As part of its sustainability agenda, Ford plans on reducing the amount of waste sent to landfills for each vehicle built by 41% as part of its five year plan through 2016. The company already reduced the amount of waste per vehicle by 40% from 2007 to 2011.
- Recycling and using paint solids has been an accomplishment for Ford and has been replicated at more of its assembly plants. The paint solids that would have gone to landfills go instead to nearby utility companies that use the material as a fuel source.
SOURCE: Automotive News