This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ford Recognized With Climate Leadership Award

DEARBORN, Mich., Feb. 29, 2012 /PRNewswire/ --

  • Ford has been recognized with a Goal-Setting Certificate at the inaugural United States Environmental Protection Agency Climate Leadership Awards Ceremony and Conference for its global CO2 strategy, which includes a publicly stated goal of 30 percent per vehicle reduction in manufacturing greenhouse gas emissions from 2010 to 2025
  • This strategy builds on CO2 reductions of approximately 49 percent, or 4.8 million metric tons, from 2000 to 2010. During this same period, Ford reduced facilities-related CO2 emissions per vehicle by 30 percent
  • Ford also became Climate Registered with the publication of its complete carbon inventory for 2010 by The Climate Registry, a voluntary North American carbon disclosure program

Not only is Ford Motor Company (NYSE: F) showing leadership in reducing the greenhouse gas emissions of its vehicles, but the company is also being recognized for its greenhouse gas leadership in manufacturing as well. Today, Ford received a Climate Leadership Award at the inaugural United States Environmental Protection Agency Climate Leadership Awards Ceremony and Conference. Ford was the only automobile manufacturer to receive an award.

Ford was recognized with a Goal-Setting Certificate for its publicly stated manufacturing greenhouse gas emissions reduction goal, which is part of the company's global manufacturing CO2 strategy. Ford had previously established vehicle CO2 goals based on its contribution to achieving 450 ppm atmospheric CO2 concentration. Applying this stabilization goal to its manufacturing operations helped the company develop its stated goal of 30 percent reduction per vehicle built between 2010 and 2025.

"Emissions reduction is a key element of Ford's approach to sustainability and we plan to build on our accomplishments moving forward," said Andy Hobbs, director, Environmental Quality Office. "This Climate Leadership Award is a symbol of the dedication our employees have made to become a leader in reducing manufacturing greenhouse gas emissions."

A leader in greenhouse gas reductions and reporting

Ford has been a leader in facilities-related greenhouse gas and energy-use reductions, and public reporting of greenhouse gas emissions:

  • Ford reduced CO2 emissions from its global manufacturing facilities by approximately 49 percent, or 4.8 million metric tons, from 2000 to 2010. During this same period, the company reduced facilities-related CO2 emissions per vehicle by 30 percent
  • Ford was the first automaker to join The Climate Registry, voluntarily committing to measure, independently verify, and publicly report greenhouse gas emissions on an annual basis  
  • Ford was the first automaker to participate in greenhouse gas reporting initiatives in China, Australia, the Philippines and Mexico
  • Ford received its sixth consecutive EPA Energy Star Partner of the Year Sustained Excellence Award, which recognizes the company's continued leadership and commitment to protecting the environment through energy efficiency. Ford's Global Emissions Manager database is used to track energy use and greenhouse gas emissions and other environmental metrics to enable internal progress reports and public reporting

On the way to the goal

Ford plans to achieve its goal through a variety of energy efficiency and greenhouse gas reduction technologies, including:

  • Improved paint processes: Improved paint processes include implementation of the 3-wet paint process and recirculation of air in paint spray booths. The 3-wet process reduces volatile organic compounds by 10 percent and CO2 emissions by up to 40 percent compared to traditional paint systems
  • Robotic parts washing system: Cleans parts mechanically by moving them in front of specialized high-pressure nozzles with a robotic arm. This new robotics-based system saves energy because, unlike previous systems, it does not require any heat. It also uses a much smaller water pump
  • Minimum Quantity Lubrication: In MQL, a machining tool is lubricated with a very small amount of oil sprayed directly on the tip of the tool in a finely atomized mist, instead of with a large quantity of coolant/water mixture
  • Paint Emissions Concentrator: In Ford's PEC, volatile organic compound emissions are super-concentrated approximately 2000:1. In this super-concentrated state, the VOCs themselves can be burned as a fuel source, reducing the amount of natural gas necessary to destroy them. By reducing the need for natural gas, the fumes-to-fuel system has the potential to reduce CO2 emissions by 80 to 85 percent compared to traditional abatement equipment
  • Energy Performance Contracting: During 2010 and 2011, Ford packaged 40 buildings in the Dearborn, Mich., area into a performance contract to upgrade to more efficient lighting. The project reduced energy use by more than 18.2 million kilowatt-hours – enough to power 1,648 U.S. homes for a year. The project also eliminated more than 11,000 metric tons of CO2 emissions

About Ford Motor Company Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 164,000 employees and about 70 plants worldwide, the company's automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com.

SOURCE Ford Motor Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs