April 10
Ford Motor Co. has promised to cut greenhouse gas emissions in its U.S. and European vehicles 30 percent by 2020, and is the first automobile manufacturer to outline a plan to get there.
Shareholder groups had been pressuring the Dearborn, Mich.-based automaker to spell out how it would react to possible future carbon reduction regulations. Shareholder resolutions cited concern over the impact a carbon-constrained environment could have on Fordīs bottom line.
The Investor Network on Climate, a $5 trillion network of investors, led the charge. It, along Ceres, the Interfaith Center on Corporate Responsibility and the Connecticut State Treasurerīs Office, dropped their resolutions in response to the April 9 announcement.
Other carmakers have agreed to report climate-change impacts on their business or set general greenhouse gas emission goals, but Ford is the first to outline a specific plan.
E-mail Waste News reporter Joe Truini at jtruini@crain.com
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