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1、On The Road to BetterHelping Build aBetter WorldIntegrated Sustainability and Financial RIFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices2On The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial
2、 HighlightsOn The Road to BetterFords purpose has always been bigger than building vehicles.We are driven byadesire to build a better world.Onethat is more equitable,inclusive,andsustainable.A world in which every person is free to move and pursue theirdreams.There is no easy formula for how to achi
3、eve these ambitious goals.Its a journey Ford has been on since our firstsustainability report 25 years ago,requiring both courage and care,seekingto continually evolve while honoring what we have already built.Today,we find ourselves at the intersection of Fords unrivaled legacy and its unbridled po
4、tential.Only Ford canclaim this space.Its where we chooseto compete,and where we knowwe will win.In our following Integrated Report,we share the tremendous progress made inthe past year.A lot has changed since our last report,but Ford has never shied away from change.Change demands innovation,proble
5、m-solving,and hard work:everything we do best.And with change comes opportunity.We stand as excited for Fords future aswe are proud of its past.We are optimistic.Energized.Ready for whatevertwists and turns await us onThe Road to Better.Read MoreIn A Letter from Bill Ford and Jim Farley p.4Fundament
6、alsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices 3On The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial Highlights Contents About this report Our commitment to helping build a better world where every
7、person isfree to move and pursue their dreams is our legacy andour future.Building a strong,sustainable business takes commitment,effort,and persistence.By advancing groundbreaking technology,supporting ourpeople,our partners,and our customers,and protecting our planet,we are ensuring that Ford Moto
8、r Company will be here for generations tocome.This year marks our 25th annual sustainability report,and we are committed to maintaining our leadership position in sustainability reporting.Thats why this year,we are beginning the transition to align our Integrated Sustainability and Financial Report
9、with the European Union Corporate Sustainability Reporting Directive(CSRD)(EU 2023/2772 of 31 July 2023).Wherever applicable,we have notedwhere information is linked to CSRD required disclosures setout by the European Sustainability Reporting Standards(ESRS).As part of this transition to CSRD,we hav
10、e integrated ourpreviously standalone Climate Change Report and Human Rights Report into this report.The report has been developed considering the findings of our double materiality assessment and is structured in alignment with CSRD expectations.It examines our business through four lenses:Products
11、 andServices,Environment,Social,and Governance.Underlying the entire report is our approach to sustainability,alongwith our sustainability aspirations and achievements.Were also shifting away from planned investments and expenditures tofocus on actual progress to date.This transition will take time,
12、and this report represents one more step in our journey to a more technical report that uses data to describe progress toward our goals.We welcome you toshare with usyour feedback and any comments you may have at .Read MoreOn our website In our Sustainable Finance Report In the Reporting Frameworks(
13、GRI,TCFD,SASB,UNGPRF,and UN SDGs)Fundamentals 0204 The Road to Better:A Letter From Bill Ford and Jim Farley05 Ford at a Glance07 Our Leadership in Sustainability 09 Financial HighlightsSustainability at Ford 1112 Our Materiality Assessment13 Our Sustainability Strategy14 Our Sustainability Aspirati
14、ons15 Accelerating Progress21 How We Create Sustainable Value22 Our Saliency Assessment26 Our StakeholdersProducts and Services 3031 Overview32 Customer Focused Business Segments34 Electric Vehicles,Batteries and Charging Infrastructure38 ICE and Hybrid Vehicles40 Connected Vehicles and Digital Serv
15、icesEnvironment 4344 Overview45 Climate Change76 Circular Economy and End-of-Life80 Air,Water and Soil Pollution82 Water Resources85 Biodiversity and Ecosystem HealthSocial 8687 Overview88 Human Rights99 Product Safety and Quality104 Human Capital Management and Diversity,Equityand Inclusion110 Empl
16、oyee Health and Safety113 Customer Experience and Responsible Marketing116 Socioeconomic Contribution and Community EngagementGovernance 120121 Overview122 Risk Factors125 Supply Chain Management126 Business Conduct132 Data Protection,Privacy and Cyber Security133 Reporting Scope,Boundaries and Data
17、 AssurancePerformance Data 134135 Financial Highlights 135 Products and Services137 Climate Change145 Circular Economy and End of Life148 Water Resource149 Human Rights157 Vehicle/Product Safety and Quality158 Human Capital Management and Diversity164 Employee Health and Safety165 Socioeconomic Cont
18、ribution and Community166 Supply Chain ManagementAppendices 167 167 Material Topics170 CSRD Index177 GRI Index188 TCFD Index189 SASB Index191 UNGPRF Index195 UN SDGs Index206 Resources207 FootnotesESRS 2 BP-2.This report includes forward-looking statements.Forward-looking statements are based on exp
19、ectations,forecasts,and assumptions by Ford management and involve a number of risks,uncertainties,and other factors that could cause actual results to differ materially from those stated.For a discussion of these risks,uncertainties,and other factors please see“Item 1A.Risk Factors”in our Annual Re
20、port on Form 10-K for the year ended December 31,2023,as updated by subsequent Quarterly Reports on Form10-Q and Current Reports on Form 8-K.The Ford name,and all trademarks and logos displayed in this Report are owned or used under license by Ford.These trademarks include,but are not limited to,pro
21、duct brand names(for example,Ford,Lincoln,Motorcraft),vehicle model names(for example,Mustang,Explorer,F-150),slogans(for example,Built Ford Tough),and logos and emblems.The unauthorized use of any trademark displayed in this Report is strictly prohibited.FundamentalsSustainability at FordProducts a
22、nd ServicesEnvironmentSocialGovernanceDataAppendicesOn The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial Highlights4On The Road to BetterA letter from Bill Ford and Jim FarleyOur industry is experiencing change at a remarkable rate and mag
23、nitude,and Ford is seizing this opportunity to lead and help build a better world.”Bill FordJim FarleyThat kind of leadership has set us apart for more than 120 years.It is why we were the first in our industry,25years ago,to publish a sustainability report,which was recognized for its transparency.
24、It is why we were among the first in our industry to fully integrate our financial,environmental,social,and governance performance into one consolidated report.And its why we reorganized ourauto business into three customer-focused segments designed to evolve with a changing world.This values-led ap
25、proach continues to guide us on the road to a more sustainable and equitable transportation future.And it requires us to be nimble and responsive aswe deliver both what our customers want and what the planet needs.Its clear to everyone at Ford that electric and software-defined vehicles will play an
26、 increasingly important role in our future.Whats also true is that building our business for this future isnt going to be easy or quick.We believe we will successfully navigate this transition through two pursuits:by focusing on our customers,andby making decisions that improve the lives of our empl
27、oyees and everyone who relies on Ford.Last year,our overall EV sales increased despite slowing adoption across the industry.We have strong product lineups in all three categories of vehicles EVs,internal combustion engine vehicles,and hybrids.Hybrid sales rose 20%for the year.In 2024,we expect that
28、percentage growth to increase.In addition to building the best-selling gas and electric trucks in the U.S.,Ford also produced the No.1 and No.2 best-selling hybrid trucks.We expect our EV growth to continue this year with the launch of the all-new electric Explorer in Europe.And as EV prices come do
29、wn,improving access to reliable fast charging is critical to help more customers confidently choose an EV.Were proud to have partnered with Tesla to ensure Ford customers were the first of any non-Tesla automaker to gain access to Tesla Superchargers across the U.S.and Canada,and were giving custome
30、rs the adapters they need to access the network for free.Theres also an interesting story about EV adoption when it comes to our commercial and government customers.These customers are increasingly going electric through Ford Pro,a nearly$60 billion,industry-leading business that is helping streamli
31、ne their path to electrification.Our customers are discovering that EVs get the job done and save them money through lower total cost of ownership.In 2024,Ford Pros commercial customers will have more EVs to choose from to support their unique needs and use cases,including an E-Transit with enhanced
32、 range.Our support goes well beyond the products themselves.We are creating an ecosystem of software-enabled customer experiences and services to make our vehicles even more productive,while also improving their environmental performance.With these diverse offerings,we remain focused on building a p
33、rofitable and efficient EV business that can scale as demand grows.Were gaining valuable customer insights from our first-generation EVs.We know the transition to EVs wont be a straight line,but we cant lose sight of our goal:a healthy planet and business.As always for Ford,we are focused on both wh
34、at we build and how we build.Weve continued to push ourselves on environmental quality,which includes conserving water,reducing waste,and transitioning our company to carbon-free electricity.Its what our customers and our neighbors expect from Ford.We have reduced the overall carbon footprint of our
35、 operations,including both manufacturing and non-manufacturing,by 47%between 2017 and 2023.TheU.SDepartment of Energy acknowledged Ford for achieving deep and sustained energy and greenhouse gas savings at 31 locations in the U.S.,including all of ourmanufacturing facilities.Ford announced that our
36、assembly plant in Cologne will be carbon neutral when production of the all-electric Explorer starts later this year,and we continued construction of BlueOval City inTennessee.The assembly plant there will use the equivalent of carbon-free electricity from the day it opens.We also announced plans to
37、 build the countrys first automaker-backed LFP battery plant,BlueOval Battery Park in Michigan,while protecting 245 acres along the Kalamazoo River.Ford is leading our industry to secure raw materials directly from mining companies aligned with our sustainability goals,to scrutinize our battery supp
38、ly chainand to acknowledge the rights of Indigenous Peoples.Lead the Charge,a consortium of advocacy organizations,ranked Ford No.1 among global automakers for our efforts to deliver an equitable andsustainable supply chain.Ford and our philanthropic arm,the Ford Fund,invested more than$73.7 million
39、 in charitable contributions toward its mission to partner with communities to help move people forward across key areas of impact:essential services,education for the future of work,entrepreneurship,and mobility.This year,we are celebrating 75 years of the Ford Fund and its impact in communities wo
40、rldwide.Building on that commitment,Ford also launched a dedicated community engagement function to provide better lines of communication in communities where we have a manufacturing presence.Further,we strongly believe in rewarding our employees.In 2023,we offered a record contract for our more tha
41、n 57,000 UAW-represented employees and their families in the U.S.The three-year agreement with Ford of Canadas Unifor-represented hourly employees provided significant wage increases and bonuses,and a number ofmajor enhancements to support our future.For our U.S.salaried employees,we introduced new
42、family-building benefits that cater to every unique journey toparenthood.They are designed to help alleviate the financial burden and provide support to make the process easier to understand and navigate.Our commitment to sustainability remains steadfast.Wewill continue taking the long view,investin
43、g in our people,our communities,and innovation on the road to abetter and brighter future for everyone.We invite you to explore this report for the details of ourplans and our progress.Bill FordExecutive ChairJim FarleyPresident and Chief Executive OfficerOur industry is experiencing change at a rem
44、arkable rate and magnitude,and Ford is seizing this opportunity to lead and help build a better world.”Bill FordJim FarleyCD#2in EV sales in North America,for the second year in a row 47%reduction in Scope 1 and 2 global operations greenhouse gas(GHG)emissions since 2017.Science Based Target initiat
45、ive(SBTi)approved reduction target is 76%by 2035 Read MoreIn Climate Change on p.59 6%reduction in Scope 3 GHG emissions per vehicle kilometer since 2019.SBTi approved reduction target is 50%by 2035 Read More In Climate Change on p.59500,000+charging plugs on the BlueOval Charge Network in Europe Re
46、ad MoreIn Electric Vehicles,Batteries and Charging Infrastructure on p.34CDP Astatus in both CDP Climate and Water since 2019 in EV sales in North America,for the second year in a rowreduction in Scope 1 and 2 global operations greenhouse gas(GHG)emissions since 2017.Science Based Target initiative(
47、SBTi)approved reduction target is 76%by 2035reduction in Scope 3 GHG emissions per vehicle kilometer since 2019.SBTi approved reduction target is 50%by 2035#247%6%500,000+charging plugs on the BlueOval Charge Network in Europe 86zero waste to landfill sites globally CDP Astatus in both CDP Climate a
48、nd Water since 2019Read MoreIn Climate Change on p.59Read MoreIn Electric Vehicles,Batteries and Charging Infrastructure on p.34Read MoreIn Climate Change on p.595FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesOn The Road to BetterContentsLetter from
49、Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial HighlightsFord Integrated Sustainability and Financial Report 2024 Ford at a Glance FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesOn The Road to BetterContentsLetter from Ford a
50、nd FarleyFord at a GlanceOur Leadership in SustainabilityFinancial HighlightsRead MoreRead MoreRead More6Ford at a Glance continued111,000+chargers on the BlueOval Charge Network in North America,a 25%growth from 2022$2Binvested to transform our historic plant inNiehl,Cologne to the Cologne Electric
51、 Vehicle Center.Once fully operational in2024,the Cologne EV Center will be independently certified as carbon-neutral$73.7Min charitable contributions to strengthen communities worldwide through the Ford Motor Company Fund$4.21Bof net proceeds allocated from Green Bonds since 2021Updated our We Are
52、Committed to Protecting Human Rights andthe Environment policy to formally reflect ourcommitment to respecting the United Nations Declarationon the Rightsof Indigenous Peoples(UNDRIP)in both our ownbusiness and supply chainIn Human Rights on p.88#1overall score in Lead the Charge Coalitions annual L
53、eaderboard reportRead MoreIn Climate Change on p.65Read MoreIn Socioeconomic Contribution and Community Engagement on p.116Read MoreFord Integrated Sustainability and Financial Report 2024 FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesOn The Road to
54、BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial HighlightsOur Leadership in SustainabilityAs we enter our 25th year of sustainability reporting,we take pride in our long track record of aligning business practices with societal and environmental imp
55、eratives and prioritizing the wellbeing of our employees and community members.1999Published our first Corporate Citizenship report,Connecting with SocietyMarked 50 years of supporting communities through our philanthropic arm,Ford Motor Company Fund2003Established Ford Driving Skills for Life educa
56、tion programAdopted the Code of Human Rights/Basic Working Conditions for our company and suppliers2004Reopened our Ford Rouge Center with its living roof,daylighting system,and waste minimizationLaunched the Escape Hybrid,the worlds first hybrid SUVIncluded human rights expectations in Global Terms
57、 and Conditions with suppliers,the first automaker to do so2005Received a score of 100 for the first time from Human Rights Campaign,which also names Ford a Best Place to Work for LGBT equalityEstablished Ford Volunteer Corps to provide community service opportunities for employees2007Introduced SYN
58、C,a handsfree connectivity systemJoined the United States Climate Action Partnership and UN Global CompactLaunched 2008 Ford Mustang with the first soy foam based seats and headrests2009Launched the EcoBoost engine,which optimizes power and efficiency using turbocharging and direct gasoline injectio
59、n2011Launched the full electric Focus EV2013Opened Ford Resource and Engagement Center in Southwest Detroit-the first of five in Ford Funds global network of community centers2014Implemented Partnership for a Cleaner Environment(PACE)program with suppliers to reduce our collective environmental foot
60、printBecame a signatory to the UN CEO Water MandateAnnounced a saving of more than 10 billion gallons of water7FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesOn The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in Sus
61、tainabilityFinancial Highlights2015Developed the Ford Mobility plan,advancing connectivity,mobility,self-driving vehicles,and big dataBegan exploring self-driving vehicle technologyLaunched the new,lightweight all-aluminum F-1502016Became a signatory to the UN Sustainable Development Goals(SDGs)Beca
62、me the first OEM to join the Responsible Business Alliance(RBA)2018Developed the Transportation Mobility Cloud with Ford-owned AutonomicMet our goal,set in 2010,to reduce operational GFIG emissions per vehicle produced by 30%(eight years early)Celebrated 10 years of soybean-based foam in more than 1
63、8.5 million vehicles built in North AmericaConducted first formal UN human rights saliency assessment,the first automaker to do so and link environment as a human rights issue2019Launched Sustainability Aspirational GoalsAchieved double A rating for CDP Climate and Water2020Set target to be carbon n
64、eutral no later than 2050Launched Mustang Mach-EDesigned and Produced a new powered air-purifying respirator and new ventilators,in collaboration with the UAW,produce face masks at Fords Van Dyke Transmission Plant for internal Ford use and provide millions to local healthcare workers and communitie
65、sContributed over$1.13M to worldwide COVID relief through employee donation match;Direct$3M to community organizationsSigned UN Womens Empowerment PrinciplesAchieved 75%absolute reduction in water use since 20002021Announced$11.4B planned investment in BlueOval City and BlueOval SK Battery ParkLaunc
66、hed Ford ProIssued$2.5B inaugural Green Bond,the largest non-financial corporate green bond to dateIssued stand-alone Pluman Rights Report,a first for the U.5.automotive industryUsed 100%recycled ocean plastics to produce automotive parts,the first automaker to do soSigned UN International Year for
67、the Elimination of Child Labour Action Pledge2022Launched F-150 LightningLaunched E-Transit vanLaunched Manufacture 2030 program to work with suppliers to reduce our collective environmental footprint,replacing PACEAnnounced reorganization of business into three business segments:Ford Blue,Ford Mode
68、l e and Ford ProIssued second$1.75B Green Bond and inaugural Sustainable Financing ReportMade the largest renewable energy purchase from a utility in U.S.history2023Started construction on BlueOval Battery Park Michigan,BlueOval City and BlueOval SK Battery ParkCommitted to supporting a living wageM
69、apped and audited our EV battery raw material supply chains to include nickel,lithium,cobalt and graphiteCreated Community Relations Department to focus on engagement with manufacturing communitiesOur purpose of helping to build a better world is rooted in our long history and our commitment to sust
70、ainability.Together they position us for continued progress along The Road to Better.8FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices9On The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial Hig
71、hlightsFinancial HighlightsESRS 2 SBM-1We delivered solid results in 2023,reflecting positive momentum from the Ford+plan for growth and value creation.Our global product lineup is popular with customers andgenerated revenue of$176 billion in 2023,up 11%forour second consecutive year of double-digit
72、 growth.Adjusted EBIT for the year was$10.4 billion,driven by thecontinued strength of Ford Pro and Ford Blue.In our first full year of operating with three customer-centered auto segments,the strategy is paying off with increased focus,priority,accountability,and flexibility toquickly adapt to the
73、changing needs of customers.Ford Pro more than doubled its EBIT year over year to$7.2 billion,demonstrating the earnings power of an emerging growth company with high customer value,large competitive moats and progress creating recurring revenue streams including software and a greater emphasis on s
74、ervices.Ford Blue grew revenue 8%year over year and was profitable in every region around the world in 2023.Both segments are benefiting from ongoing updates to Fords product portfolio.By the end of this year,60%of Ford Blues gas and hybrid products will have been recently refreshed,including the up
75、coming launch of a new F-150.Ford Model e,our startup electric vehicle(EV)business,grew both wholesales and revenue in 2023,20%and 12%,respectively.The segments EBIT loss of$4.7 billion reflected challenging market dynamics and strategic investments in our next-generation electric vehicles.Weare bui
76、lding an EV business that is appealing to customers and profitable over the long term.To do that,were reducing costs of our first-generation EVs that are in the market today and adjusting investments to match demand.Our goal is to ensure our next-generation products will be profitable within the fir
77、st 12 months after theyre launched.Ford is well positioned to manage the transition of our products towards an electric future.In the meantime,our strategy and unique capability to offer customers more choices demonstrated their potential in 2023.In North America,we now sell gas,hybrid,and electric
78、versions ofour flagship F-150 pickup truck,all at high volumes.We had the number one internal combustion engine(ICE)vehicle(F-Series),hybrid(Maverick)and EV truck(F-150 Lightning)in the U.S.in 2023.Hybrid vehicles give customers exceptional value and Ford great opportunity for growth.We sold about 2
79、80,000 hybrids globally last year,up nearly 20%year over year,and expect growth tocontinue in 2024.We are also pairing our popular retail and work vehicles with digitally enabled customer experiences and value-added services.We ended the year with 630,000 paid software subscribers,the majority of wh
80、om are using Ford Pro productivity tools like telematics and fleet management solutions,with gross margins over 50%.This is a cornerstone of Ford+and a key differentiator forour brand.We recently formed Ford Integrated Services,tasked withtransforming customer experiences across our threesegments by
81、 developing and delivering high-value,software-enabled services that help address some of our customers greatest challenges.We are focused on the experiences around buying,driving,securing,servicing,and charging a Ford vehicle to build a simple,transparent,and always-on relationship with the custome
82、r.2023 Financial HighlightsRevenue:$176.2B(2022:$158.1B)ESRS 2 SBM-1Net income/(loss):$4.3B(2022:$(2.0)B)Adjusted EBIT2:$10.4B(2022:$10.4B)Adjusted EBIT margin2:5.9%(2022:6.6%)Adjusted free cash flow2:$6.8B(2022:$9.1B)Adjusted earnings per share2:$2.01(2022:$1.88)FundamentalsSustainability at FordPr
83、oducts and ServicesEnvironmentSocialGovernanceDataAppendices10On The Road to BetterContentsLetter from Ford and FarleyFord at a GlanceOur Leadership in SustainabilityFinancial HighlightsFinancial Highlights continuedESRS 2 SBM-1Organizing our business around three distinct,customer-focused segments
84、is a game changer for Ford.With Ford+,were building a company that thrives at the intersection of hardware,software,and services,with higher growth,higher margins,greater capital efficiency,and less cyclicality.”John Lawler,Ford Chief Financial OfficerOur underlying business is solid and getting str
85、onger.Profitability of our core business units Ford Pro,Ford Model e and Ford Blue improved EBIT by$2 billion,or 26%.Our free cash flow conversion rate was 65%,above the top end of our target range.We are benefiting from more disciplined capital allocation to our global footprint and portfolio of pr
86、oducts and services.Raising quality and lowering costs across Ford are high priorities in every part of our company.To do that,we arereimagining and restructuring our global industrial system product development,cycle planning,supply chain,and manufacturing.Just months into the change,we are already
87、 seeing quality improvements,including innew-product launches.For example,against one measure product quality after a vehicle has been in service for three months,which is correlated to long-term quality Ford improved its performance 10%over the course of the year.Quality now factors into 70%of shor
88、t-term incentive compensation to managers at Ford,helping to make the world-class performance and durability customers deserve everyones responsibility.Fords operations outside North America continued their remarkable turnaround in 2023,marking the second straight profitable year and representing a
89、significant reversal from an EBIT loss of about$2 billion in 2020.The improvement in these markets is the direct result oftaking actions to create asset-light approaches.Their strength last year was accomplished with high-demand vehicles like the Everest SUV and Ranger midsize pickup.Ford Credit rem
90、ains a strategic asset,competitive advantage,and strong performer for Ford,generating EBT of$1.3 billion in 2023 as credit loss performance normalizes,but remains below our historical average.The business is retaining existing customers,winning new ones,and increasing revenue streams with an expandi
91、ng range of digital services and products,like credit pre-qualification for retail customers and Ford Pro FinSimple and Insure for commercial customers.Company-wide,Ford again generated robust adjusted freecash flow of$6.8 billion in 2023.Our balance sheet remains strong,with nearly$29 billion in ca
92、sh and more than$46 billion in liquidity at the end of year.As a result,we have considerable flexibility to make vitalinvestments in Ford+,while also returning value to shareholders,targeting distributions of 40%to 50%of adjusted free cash flow.Last year,we returned 50%of our adjusted free cash flow
93、 to shareholders,at the high end of that range,through regular and special dividends.At the same time,the underlying strength of the Ford+plan and cash generation contributed to Fords credit ratings returning to investment grade in 2023.We are poised for another solid year in 2024,with adjusted EBIT
94、 expected to be between$10 billion to$12billion,benefiting from about$2 billion in anticipated cost savings in our industrial systems,and further progress in establishing recurring revenue streams.2023 Sustainable Financing Framework UpdateFords Sustainable Financing Framework introduced in2021 and
95、a first for the American auto industry issupporting the financing of our clean transportation projects and efforts to create positive social and environmental benefits as we move towards a carbon neutral transportation future.In November 2021,Ford issued its first green bond underthe framework,the l
96、argest such transaction by a U.S.corporation at the time,raising$2.5 billion.This was followed by a second Green Bond of$1.75 billion in August 2022.By June 30,2023,$4.21 billion,the total of the net proceeds of the two bonds,had been fully allocated tothe design,development,and manufacture of the c
97、ompanys current EV lineup the Mustang Mach-E,F-150 Lightning,and E-Transit and EVs to be unveiled in the future,as well as other development activities thatwill benefit our entire EV portfolio.Read MoreIn the Sustainable Financing ReportIn the Sustainable Financing FrameworkCorporate RevolversFord a
98、lso has over$17 billion in revolving corporate credit facilities,which include key sustainability metrics that further align our financing actions with our commitment to operate a safe,sustainable,and successful business including our electric vehicle and carbon neutrality goals.Our corporate and su
99、pplemental revolvers each have three sustainability-linked key performance indicators(KPIs)that are tied to global manufacturing greenhouse gas emissions,manufacturing renewable energy,and Scope 3 passenger vehicle emissions in Europe.FundamentalsSustainability at FordProducts and ServicesEnvironmen
100、tSocialGovernanceDataAppendices11Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersSustainability at FordIn this section:12 Our Materiality Assessment13 Our Sustainability Strategy14 Our Sus
101、tainability Aspirations15 Accelerating Progress21 How We Create Sustainable Value22 Our Human Rights Saliency Assessment26 Our StakeholdersFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices12Materiality AssessmentSustainability StrategySustainability Asp
102、irationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersOur Materiality AssessmentWe updated our sustainability materiality methodology to further align with guidelines from the Corporate Sustainability Reporting Directive.The Global Reporting Initiative(GRI)
103、requires an organization to identify the most significant actual and potential impacts on the economy,environment,and people.The Corporate Sustainability Reporting Directive(CSRD)requires companies to adopt the concept of double materiality and report on two parameters:the topics that may impact the
104、 financial performance of thecompany and the companys own impact on society,the environment,and the economy.Our materiality methodology was refreshed in 2024 toreflect these emerging guidelines and incorporate elements of double materiality.Our Materiality Process ESRS 2 IRO-1In preparation for CSRD
105、 compliance we chose to rethinkour methodology and refresh our materiality toensure we continue to focus on our most significant sustainability impacts.Moving forward,we will conduct assessments annually.This assessment covers Ford Motor Company and all wholly owned subsidiaries.We recognize that we
106、 are in a transition period as we prepare for future CSRD reporting,and we expect that our approach will evolve further in future.This years approach allowed us to consider our impactson sustainability matters more objectively.Weleveraged extensive outputs gathered during our 2023 assessment,which e
107、ngaged internal and external stakeholders,including industry associations and non-governmental organizations(NGOs),and internal subject matter experts.In 2023,we sought to achieve a balanced and comprehensive review of topics covering all environmental,social,and governance areas likely to berelevan
108、t across Fords value chain.We began our 2024assessment by reviewing and building upon that list of topics and their definitions.Identified topics were supplemented with additional desk-based research given the fast-changing landscape in which we operate.We considered key sustainability trends,indust
109、ry trends,a benchmark of our peers,and sustainability standards and frameworks,most notably the European Sustainability Reporting Standards(ESRS)which define the reporting requirements of the CSRD.We also considered the risks and opportunities associated with each topic,the interests and expectation
110、s of stakeholders,as well as Fords organizational purpose,strategies,and goals.Not only did this approach ensure comprehensive coverage,but it also enabled us to adjust several existing topics.To identify the significance of each identified topic,weassessed the severity and likelihood of impacts and
111、the magnitude and likelihood of financial risks and opportunities.Results were then shared and discussed with internal subject matter experts and adjusted as needed.This resulted in a topic prioritization list that wasalso calibrated with subject matter experts.This Integrated Sustainability and Fin
112、ancial Report isstructured to provide proof points on Fords impacts oneach of the material topics identified.Our Material Topics ESRS 2 SBM-3It is important to note that our approach is evolving,andthat a like-for-like comparison is not possible with our 2023 materiality assessment.Some topics were
113、separated to allow for a more focused assessment,while other topics were streamlined and grouped,where appropriate.For example:Environmental Management has been split into its constituent parts of biodiversity and ecosystems;air,water and soil pollution;and water resources.Human Rights and Supply Ch
114、ain Management has been split to allow the human rights and governance areas of supply chain to be assessed separately.Corporate Governance and Risk Management has been grouped with Transparency,Business Ethics,and Integrity into the combined topic Business Conduct.Given the inherent interdependenci
115、es between topics,wehave decided to move Electric Vehicles,a key piece ofour climate change strategy,under Climate Change forthe purpose of this report.Similarly,Accessible and Affordable Mobility Solutions has been redefined as part of climate justice.Environmental justice,including climate justice
116、,and Just Transition sit at the intersection of many material topics.For the purpose of this report,climate justice is covered under Climate Change and Just Transition is covered under Human Capital Management.Read MoreIn Climate Change on p.45In Human Capital Management and DEI on p.104We have iden
117、tified four topics as our highest priorities:climate change(including energy use),human rights,supply chain management,and product safety and quality.These topics are listed in alphabetical order,notin order of importance.Read MoreAbout the full topic definitions and associated subtopics in Appendix
118、 1Topics are aligned with CSRD and statedinalphabeticalorderHigher Impact TopicsClimate ChangeHuman RightsSupply Chain ManagementProduct Safety and QualityHigh Impact TopicsAir,Water,and Soil PollutionBiodiversity and EcosystemsCircular Economy and End of LifeConnected Vehicles and Digital ServicesH
119、uman Capital Management and Diversity,Equity,and InclusionWater ResourcesModerate Impact TopicsBusiness ConductCustomer Experience and Responsible MarketingData Protection,Privacy,and Cyber SecurityEmployee Health and SafetySocioeconomic Contribution and Community EngagementFundamentalsSustainabilit
120、y at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices13Materiality Assessment2024 Report Financial and Sustainability Integrated Ford Sustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersOur Sustai
121、nability StrategyESRS 2 SBM-1Our sustainability strategy is to make apositive impact on society and the environment.Sustainability topics are entwined with our purpose:Tohelp build a better world where every person is free to move and pursue their dreams.Its at the heart of everything we do.Our Stra
122、tegiesWe have developed these specific strategies to address the collective challenges the world faces and achieve ourSustainability Aspirations.Read MoreIn Sustainability Aspirations on p.14Climate Change Strategy To achieve our carbon neutrality goal,we are focusing onthree areas that account for
123、approximately 95%of our carbon dioxide emissions our vehicles,our operations,and our supply chain.Addressing the largest emissions source,our vehicle use from a well-to-wheel perspective,Fords investment in electric vehicles is a core element of our climate change strategy.Read MoreIn Climate Change
124、,Carbon Neutrality Overview on p.59Energy StrategyWe are committed to sourcing 100%carbon-free electricity for our global manufacturing operations by2035 through a mix of wind,solar power,nuclear,geothermal,biomass,and hydro.We are using our purchasing power to invest in renewable electricity,includ
125、ing in southeast Michigan.Read MoreIn Climate Change Achieving Carbon Neutrality on p.59Sustainable Materials StrategyUsing recycled and renewable materials helps reduce waste and lower need for new materials.We aspire to useonly recycled or renewable content in vehicle plastics.Our near-term target
126、 is to use 20%recycled or renewable plastics by 2025 in new vehicle designs for North America and Europe,including Turkey,and 10%for China.Fords closed loop recycling system maximizes aluminum recycling,reduces the energy needed to create new primary aluminum,and minimizes the need for raw materials
127、.Read MoreIn Circular Economy and End of Life on p.76Waste StrategyWe are focused on managing and minimizing the waste we generate to reach true zero waste to landfill across our global operations.We aim to eliminate single-use plastics from our operations by 2030.Read Morein Circular Economy and En
128、d of Life on p.76Water StrategyFord is committed to reducing water use,aspiring to use freshwater only for human consumption and make zero water withdrawals for manufacturing processes in order to support freshwater availability in local communities.To further decrease our water consumption,we conti
129、nue to integrate more water efficient processes and technologies in our manufacturing systems.Read MoreIn Water Resources on p.82Human Rights StrategyFord is committed to respecting human rights,including the right to clean air and clean water,across our entire business and value chain.This commitme
130、nt guides our decision-making and our actions,and extends to our suppliers and business partners,from the origin of the raw materials used to make our products to the end of life of these products.Guided by our We Are Committed to Protecting Human Rights and the Environment policy,our goal is to ens
131、ure that everything we do,or that others do for us,meets or exceeds the minimum regulatory requirements and strives to create a positive impact on people and the planet.Read MoreIn Human Rights on p.88 People StrategyDiverse representation,equity,and inclusion are the bedrock of our people strategy.
132、We are committed to finding,hiring,developing,and retaining great talent thatis inclusive of everyone in the communities that weserve.We are committed to structural and systemic equity at every stage of the employee journey.Every employee is expected to support each other,to learn about people diffe
133、rent than themselves,and disrupt biasin everyday behaviors and decisions.Ford supports ajust transition by preparing our workforce and local communities for the transition to EVs.Read MoreIn Human Capital Management and Diversity,Equity,andInclusiononp.104Sustainability Reporting StrategyBasis for P
134、reparation of Sustainability StatementESRS 2 BP-1,ESRS 2 BP-2This Integrated Sustainability and Financial Report hasbeen prepared in alignment with the EU Corporate Sustainability Reporting Directive(CSRD)expectations around the structure of our sustainability statement onaglobal consolidated basis
135、for Ford Motor Company and its wholly owned subsidiaries.The CSRD requires disclosures against the European Sustainability Reporting Standards(ESRS).Throughout the report you will see ESRS tags on some chapters orsections,such as the“ESRS 2 BP-1”above,indicating which disclosures we are addressing i
136、n that section.All 2024 ESRS disclosures for Ford Motor Company arecontained within this Integrated Sustainability and Financial Report.We are voluntarily phasing in these disclosures in the 2024 report,not all ESRS required disclosures are included at this time.We are working towards full CSRD repo
137、rting compliance in our 2025 Integrated Sustainability and Financial Report.Time horizons in this report are consistent with our climate reporting and cover three time horizons:short-term(10 years).There are also disclosures in this report that stem from other regulations and frameworks including,bu
138、t not limited to,the German Supply Chain Due Diligence Act,The Global Reporting Initiative(GRI),the Task Force on Climate-Related Disclosures(TCFD),and the United Nations Guiding Principles Reporting Framework(UNGPRF).Read MoreIn Appendix 2 CSRD Index on p.170 In Appendix 4 TCFD Index on p.188In App
139、endix 6 UNGPRF Index on p.191FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices14Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersN 0 N Our sus
140、tainability efforts drive our business today,and inform our way forward as we transform our business for a new era of electric and connected vehicles.Our aspirations set the pathway for our continued success,for generations to come.Our Sustainability Aspirations Climate Change Achieve carbon neutral
141、ity no later than 2050 Waste Reach true zero waste to landfill across our operations Eliminate single-use plastics from our operations by 2030 Air Attain zero emissions from our vehicles and facilities Energy Use 100 percent carbon-free electricity in all manufacturing by 2035 Water Make zero water
142、withdrawals for manufacturing processes Use freshwater only for human consumption!9 0 0 0 O-QvO Materials Utilize only recycled or renewable content in vehicle plastics Safety Work toward a future that is free from vehicle crashes and workplace injuries Human Rights Source only raw materials that ar
143、e responsibly produced Diversity,Equity,and Inclusion Support a diverse,equitable,and inclusive workplace where each person is valued Access Drive human progress by providing mobility and accessibility for all FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppe
144、ndices15Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersI!Accelerating ProgressAs we continue on our sustainability journey,we are committed to having a positive impact on people and the p
145、lanet.Below,we have summarized our progress.ESRS 2 SBM-1Sustainability AspirationsClimate ChangeAchieve carbon neutrality no later than 2050Read MoreIn Climate Change Achieving Carbon Neutrality on p.59Goals ProgressUN Sustainable Development GoalsVehiclesReduce Scope 3 greenhouse gas(GHG)emissions
146、from use of sold products by 50%pervehicle kilometer by 2035(Science Based Target initiative(SBTi)target,2019 baseline)Achieved a 6%reduction in our Scope 3 GHG emissions per vehicle kilometer since 20197 AFFORDABLE AND CLEAN ENERGY8 DECENT WORK AND ECONOMI C GROWTH11 SUSTAINABLE CITIES AND COMMUNIT
147、IES12 R E S P O N S IB L E CONSUMPTION AND PRODUCTION13 CLIMATE A C T IO NOffer a comprehensive and flexible range ofelectric,hybrid,and internal combustion vehicles Ford was the number 2 EV brand and we had the number 1 EV truck(F-150 Lightning)in the U.S.in 20233 F-150 Lightning went global for th
148、e first time with entry into Norway Introduced lithium iron phosphate(LFP)batteries on Mustang Mach-E We had the number 1 internal combustion engine(ICE)vehicle(F-150)and hybrid(Maverick)in the U.S.in 2023 EcoBoost engines are deployed across nearly 100%of the portfolio for improved fuel economy In
149、2023,we sold 270,000 hybrids globally,up nearly 20%year over yearOffer lower-carbon alternative fuel options All our diesel vehicles are compatible with low-level biodiesel blends In Europe,our Transit,Transit Custom,Transit Courier,Transit Connect,and Ranger are compatible with renewable paraffinic
150、 diesel fuels,renewable diesel,and e-diesel(blends typically from 33%to 100%)Support customers on their way to carbon neutrality Ford Pro services help optimize customer fleets and offer EV charging(public,depot,and employee home)Promote“eco-driving”through training,information,and in-vehicle techno
151、logyOperationsReduce GHG emissions from 2017 baseline by:18%by 2023 in global manufacturing 76%by 2035 in global operations,in line withour SBTi 1.5C pathway Achieved absolute GHG emission reductions,since 2017,of:49.0%in our global manufacturing 47.0%in our global operations(manufacturing+non-manuf
152、acturing)SuppliersWork with suppliers to better understand and reduce our collective environmental footprint through CDP and our best practice climate program We have seen significant improvements in CDP and Manufacture 2030(M2030)supplier engagement in 2023 Received GHG emissions data from 377 supp
153、liers,20%more than 2022,using CDP Supply Chain programs Climate Change Questionnaire Tier 1 suppliers not only engaging on the M2030 platform,but some are also requiring their suppliers toparticipateAddress highest emitting materials used in ourvehicles Ford has pledged to purchase at least 10%low-c
154、arbon aluminum and near-zero steel by 2030 We have signed non-binding memorandums of understanding with strategic steel suppliers and are working on a multi-material partnership to supply Ford low-carbon aluminum,lithium,and copper.f IBIB 2024 Report Financial and Sustainability Integrated Ford Ener
155、gyUse 100 percent carbon-free electricity in all manufacturing by 2035Read MoreIn Climate Change Achieving Carbon Neutrality on p.59Achieve 32%renewable electricity by 2023 and100%carbon-free electricity by 2035 In 2023 our global manufacturing operations used:50.8%Renewable electricity 70.5%Carbon-
156、free electricity Currently our manufacturing facilities in Europe,Mexico,and Ohio have the equivalent of 100%carbon-freeelectricity sourcing Ford Argentina manufacturing facilities achieved 80%renewable electricity In 2023,Ford and our joint venture partners installed on-site solar panels at Sacrame
157、nto HVC/HCC RegionalDistribution Daventry Parts Distribution Center,Ford Thailand Manufacturing,Auto Alliance Thailand,andmultiple Changan Ford plants7 AFFRODABLEAND CLEAN ENERGY 1 2 R E S P O N S IB L E C O N S U M P TIO N A N D P R O D U C TIO N13 CLIMATE ACTION MaterialsUse only recycled or renew
158、able content in vehicle plasticsRead MoreIn Circular Economy and EndofLife on p.76Expand our use of sustainable materials focusing on plastics,battery recycling,and sustainable sourcing More than 85%4 of our vehicle parts and materials are recycled and reused at their end of life Established an inte
159、rim target of 20%renewable and recycled plastics by 2025 in new vehicle designs forNorth America,Europe,and Turkey,and 10%in China Recover up to 20 million pounds of high-strength,military-grade,aluminum alloy per month through theclosed loop recycling system used to build F-series Used nine industr
160、y-and world-first plant-based materials in our production vehicles since 200011 SUSTAINABLE CITIES AND COMMUNITIES 12 RESPONSIBLE CONSUMPTION AND PRODUCTION WasteReach true zero waste tolandfill across our operationsEliminate single-use plastics from our operations by 2030Read MoreIn Circular Econom
161、y and EndofLife on p.76Global reduction of waste generated from manufacturing by 5%(absolute volume)(2022baseline)86 zero waste to landfill(ZWTL)sites 77%of manufacturing facilities are true ZWTL1 1 S U S T A I N A B L E C I T I E S A N D C O M M U N I T I E S 12 RESPONSIBLE CONSUMPTION AND PRODUCTI
162、ON Global reduction of waste disposed from manufacturing by 10%(absolute volume)(2022baseline)Ford facilities around the world sent approximately 16,300 metric tons of waste to landfill,8%less than in 2022Work with selected suppliers to reduce our collective environmental footprint Increased number
163、of suppliers participating in the M2030 climate program,helping suppliers establishscience-based targets,and measure,manage,and reduce climate emissions,water usage,and wasteFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices16Materiality AssessmentSustai
164、nability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersAccelerating Progress continuedESRS 2 SBM-1Sustainability AspirationsGoals ProgressUN Sustainable Development GoalsFord Integrated Sustainability and Financial Report 2
165、024 AirAttain zero emissions from our vehicles and facilitiesRead MoreIn Air,Water,and Soil Pollution on p.80Air emissions reductions beyond CO2 Working to reduce vehicle emissions of non-CO2 pollutants,in accordance with increasingly stringentstandards around the world3GOOD HEALTH AND WELL-BEING1 1
166、 S U S T A I N A B L E C I T I E S A N D C O M M U N I T I E SWaterMake zero water withdrawals for manufacturing processesUse freshwater only for human consumptionRead MoreIn Water Resources on p.82Reduce absolute freshwater use by 15%by 2025(2019 baseline)19.4%reduction in absolute freshwater use s
167、ince 2019 More than 199 billion gallons of water saved since 2000 6 CLEAN WATER AND SANITATION1 1 S U S T A I N A B L E C I T I E S A N D C O M M U N I T I E S 12 RESPONSIBLECONSUMPTION AND PRODUCTION Continue to work toward using freshwater sources only for human consumption Use of offsite alternat
168、ive water was 9%in water scarce areasWork with Ford suppliers to reduce our collective environmental footprint through ourbest practice climate program Increased number of suppliers participating in the Manufacture 2030 climate program,helping suppliersestablish science-based targets,and measure,man
169、age,and reduce climate emissions,water usage,and wasteEngage with our supply chain to understand and reduce its water footprint 323 of our suppliers,a 25%increase from 2022,responded to the CDP Water questionnaireSustainability AspirationsGoals ProgressUN Sustainable Development GoalsFundamentalsSus
170、tainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices17Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersESRS 2 SBM-1Accelerating Progress continuedD.2024 Report
171、Financial and Sustainability Integrated Ford Human RightsSource only raw materials that are responsibly producedRead MoreIn Human Rights on p.88We are committed to protecting human rights and the environment Updated our We Are Committed to Protecting Human Rights and the Environment policy to formal
172、ly committo the United Nations Declaration on the Rights of Indigenous Peoples(UNDRIP).Additional policies relatedtosupporting a living wage,not engaging in unlawful eviction,and the use of security forces with propersupervision and due diligence were added in 2023 Ranked first overall in Lead the C
173、harge Coalitions annual Leaderboard report,which evaluates leadingautomakers on their efforts to eliminate emissions,environmental harms,and human rights violations fromtheir supply chains Trained 406 Ford supply chain employees and 400 other employees in Supply Chain Sustainability topics3GOOD HEAL
174、TH AND WELL-BEING4 Q U A L I T Y E D U C A T I O N 5 GENDER E Q U A L ITY6 C L E A N WA T E R A N D S A N I T A T I O N7 AFFORDABLE AND CLEAN ENERGY8 DECENT WORK AND ECiiONOMC GROWTH 10 REDUCED INEQUALITIES 1 1 S U S T A IN A B L E C IT IE S A N D C O M M U N IT IE S12 RESPOlNSIBLE CONSUMPTION 13 CL
175、IMATE ACTIONHelp suppliers build their capacity to manage supply chain sustainability issues Integrated sustainability metrics into sourcing decisions Held direct engagements to train 48 suppliers,and supported 160 country-specific webinars from DriveSustainability for suppliersAssess Tier 1 supplie
176、rs compliance with Fords Supplier Code of Conduct requirements and expectations Strengthened our Supplier Code of Conduct to reflect changing regulations and emerging issues and helpprotect workers,children,communities,the rights of Indigenous Peoples,and the environment in areas wheremines and proc
177、essors operate Conducted 46 on-site audits with the Responsible Business Alliance(RBA)to confirm compliance with ourSupplier Code of Conduct Began conducting Responsible Supply Chain Initiative audits throughout our supply chain in addition toResponsible Business Alliance audits Conducted 1,298 tota
178、l supplier audits since 2003 and 1,725 follow-up auditsBuild capacity of raw material supply chains toresponsibly source/produce to third-party standardsIncrease transparency,traceability,and due diligence in our EV battery material supply chains Conducted RSC Global and Initiative for Responsible M
179、ining Assurance(IRMA)EV Battery Material supply chainaudits and supported suppliers to develop corrective action plans as needed Expanded supply chain audits to include suppliers using graphite and mica Request IRMA or Responsible Minerals Initiative(RMI)third-party certification of materials Traine
180、d 1,632 suppliers in due diligence related topics Supported RCS Global Better Mining project in the Democratic Republic of the Congo(DRC)to build capacityfor artisanal and small-scale cobalt mining Continued support for womens empowerment project to advance financial literacy to ensure business andc
181、o-op success for artisanal cobalt miners in the DRCSustainability AspirationsGoals ProgressUN Sustainable Development Goals-=i;i=5:a!iii r:;8 l!i FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices18Materiality AssessmentSustainability StrategySustainabil
182、ity AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersAccelerating Progress continuedESRS 2 SBM-12024 Report Financial and Sustainability Integrated Ford Sustainability AspirationsSafetyWork toward a future thatis free from vehicle crashes and workpl
183、ace injuriesIn Product Safety and Quality onp.99Goals Product Safety and QualityDesign and manufacture vehicles that offer innovative driver assist technologies Progress For the 2024 model year,Pre-Collision Assist with Automatic Emergency Braking(AEB)is offered standard on 98%of Ford and Lincoln ca
184、rs,light duty trucks5 and SUVs BlueCruise offers new features and system updates that make hands-free highway driving even better Consumer Reports named BlueCruise the best Level 2 Automated Driving System for the second year in a rowUN Sustainable Development GoalsPlay a leading role in vehicle saf
185、ety and driver assist research and innovation For the 2023 model year,multiple Ford and Lincoln nameplates were rated with 5-Star Overall Vehicle ratings by New Car Assessment Programs(NCAP),including 10 in the U.S.,7 in Europe,7 in China,and 5 in the International Markets Group(IMG)Employee Health
186、and safetyFatalities target is always zero There was one employee fatality globally in 2023.Any loss of life or serious injury in the workplace is unacceptable and deeply regretted.Robust corrective actions have been implemented to prevent reoccurrence and reduce risk to our employees and contractor
187、s working on siteZero serious injuries,attain industry competitive lost time,and drive continuous improvement Our global Lost-Time Case Rate(LTCR)was 0.40 Maintain or improve employee personal health and wellbeing Our global,holistic approach to employee support and care encompasses the physical,men
188、tal,financial,social,and professional wellbeing needs of our employeesFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesMateriality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Salie
189、ncy AssessmentStakeholdersESRS 2 SBM-119Accelerating Progress continued Diversity,Equity,and Inclusion Support a diverse,equitable,and inclusive workplace where each person is valuedIn Human Capital Management and Diversity,Equity,and Inclusion on p.104Embed Diversity,Equity and Inclusion(DEI)across
190、 the enterprise Focused on the long-term cross-functional work required to put the resources and systems in place to equitably support each employees career journey,and to grow and sustain an inclusive,global workplaceCreate an environment of inclusion 90%of participants in the 2023 Global Salaried
191、Voice Survey responded that their People Leader treats everyone on their team fairly and equitably,regardless of their differences;up from 86%in 2022 87%of Global Salaried Voice Survey participants feel they can be themselves at Ford,up from 82%in 2022Promote gender and racial equity while reducing
192、bias in all people and business policies,processes,and systems Published U.S.Gender and Race/Ethnicity Metrics and our annual EEO-1 report Included in 2023 Bloomberg Gender-Equality Index,our fifth year in a row on the indexContinue to purchase from small businesses and businesses owned by veterans,
193、minorities,women,LGBTQ+people,and people with disabilities In 2023 we purchased goods and services from minority-owned suppliers,women-owned businesses,veteran-owned companies,and small businesses AccessDrive human progress by providing mobility and accessibility for allIn Connected Vehicles and Dig
194、ital Services on p.40 Advance Ford L2 and L3 Advanced Driver Assistance Systems(ADAS)systems Maintained our focus on offering L2 and L3 driver assistance applications that can add convenience and help make transportation even safer We remain committed to using vehicles and technology to expand acces
195、s and provide equitable opportunities for people and communities to move forward FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesMateriality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman R
196、ights Saliency AssessmentStakeholdersESRS 2 SBM-1 Goals UN Sustainable Development GoalsProgressSustainability Aspirations 20Accelerating Progress continuedFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendicesMateriality AssessmentSustainability StrategySus
197、tainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholders21How We Create Sustainable Value ESRS 2 SBM-1Our EnablersHuman Capital 174,000 employees1 8,000+dealerships 1,600+Tier 1 suppliers 10 Employee Resource GroupsSocial Capital Community Rela
198、tions department focused on engagement with manufacturing communities Community engagement for 70+years through Ford Motor Company Fund,our philanthropic arm Partnerships with nonprofits,community organizations,and Ford dealers in 40+countries Strategic partnerships with investors,industry bodies,an
199、d partner companies Blue Table Forum STEM programs and EV training centers to develop future workforceFinancial Capital Fully allocated$4.21 billion through two Green Bond issuances under our Sustainable Financing Framework,all proceeds went towards Clean Transportation Manufactured Capital 41 manuf
200、acturing and assembly plants6 Product Development Center Modernizing EV productionIntellectual Capital 2,133 global patents issued 379 patents issued in EV technology Connectivity and connected services FordPass network Global Data Insight and Analytics D-Ford human-centered design processNatural Ca
201、pital 10.09 billion kWh of energy used 50.8%of electricity used at manufacturing facilities was renewable,and 70.5%carbon-free 15.6 million cubic meters of water used globally 9 renewable materials usedOur Business1 DesignWe consider sustainability criteria to reduce our vehicles impacts2 Responsibl
202、e Sourcing We require suppliers to have environmental and social standards aligned with ours3 Logistics(inbound)We encourage our logistics providers to transport and deliver materials and parts efficiently4 ManufacturingWe invest in lean processes and world-class factories to create positive impact5
203、 Logistics(outbound)We encourage our logistics providersto transport finished vehicles efficiently6 Sales and ServiceWe are reimagining customer experience by listening and adapting to their needs7 Our Vehicles in UseWe are continuously improving our vehicles environmental impact,safety,and quality8
204、 MobilityWe are exploring new solutions to support urban mobility9 End of Vehicle LifeOver 85%4 of our vehicle parts and materials are recycled and reused Our PurposeTo help build a better world,where every person is free to move and pursue their dreams.Our Impact in 2023Employees Health and wellbei
205、ng programs for employees and families Competitive salaries and benefits Employee training and development Culture of caring and inclusionCustomers 4.413 million wholesale vehicles sold globally 130,905 EVs sold globally Access to EV charging networks Remote Pickup&Delivery and Mobile Service vans I
206、mproved vehicle safety and driver assist technologies 109 safety recalls and 7.8 million passenger vehicle recalls globallyInvestors Strong balance sheet Financial flexibility to invest in Ford+growth plan Disciplined capital allocation Focus on total shareholder return More transparent reporting fo
207、r investorsSuppliers Training to build capacity to manage supplychain sustainability issues Integrated sustainability metrics into sourcing decisions Sustainability best practices shared with suppliers through best practice climate program CO2e emission reduction targets collected and assessed to de
208、velop joint roadmap supporting carbon neutrality aspiration Increased transparency into supply chains to support responsible sourcing of raw materialsCommunities and Society Invested$73.7 million in charitable contributions 2.3 invested in communities globally since1949 1.7 million employee voluntee
209、r hours since 2005 through the Ford Volunteer Corps Responsible mineral sourcing program provides training to advance financial literacy for women in the Democratic Republic of theCongo Planet 387 million metric tons of greenhouse gases(GHGs)emitted total(Preliminary 2023 Scope 1,2,and 3)47%reductio
210、n in Scope 1 and 2 operations(manufacturing+non-manufacturing)GHG emissions since 2017 19%reduction in total Scope 3 GHG emissions since 2019 Used 15.6 million cubic meters of water,achieving a 19.4%reduction from 2019 86 true zero waste to landfill sites Sent 16.3 million kilograms of waste to land
211、fill and recycled 938.8 million kilograms Recycle millions of pounds of aluminum permonthFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices22Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable Va
212、lueHuman Rights Saliency AssessmentStakeholdersOur Human Rights Saliency AssessmentFord uses a saliency assessment to identify and prioritize the companys key risks associated with human rights,and areas where we can make an impact.The saliency assessment identifies potential high-risk human rights
213、areas within our operations and along our value chain.Starting in 2023,in response to new due diligence laws,such as the German Supply Chain Due Diligence Act,we have changed how we conduct saliency assessments and risk assessments.In addition to human rights,we have expanded the scope of environmen
214、tal issues addressed in the saliency assessment.We plan toreview and update the salient issues and key risks tothe company annually.This saliency assessment is aligned with the United Nations Guiding Principles Reporting Framework.Saliency Assessment Process In early 2023,we worked with an outside c
215、onsultant to review and update our prior saliency assessment to ensure the salient human rights and environment-related issues were still valid.We then updated the definitions based on recent trends and developments,as well as the scope of what the issues encompass.Our saliency assessment includes f
216、our phases:identification,prioritization,validation,and reporting.For more information on past salient human rights assessments and processes,you can view our previously standalone 2022 Human Rights Report and 2023 Human Rights Progress Report under“Previous Sustainability and Financial Reports”on o
217、ur sustainability website.N 0 N.0 c.a,a:Read More On our sustainability websiteDetermining Saliency Identification Identify the full range of human rights that could potentially be negatively impacted by Fords activities or through business relationships:-Conduct desktop research-Involve all relevan
218、t functions-Engage with key stakeholders to gain perspectives of those individuals who may be negatively impacted Prioritization Prioritize potential negative impacts:-Firstly based on their potential severity:-How grave the impact would be-How widespread the impact would be-How hard it would be to
219、remedy-Secondly based on their likelihood-Plot the impacts along Fords value chain to understand where they occur and Fords degree of control over them Validation Engage with internal and external stakeholders to:-Explain key findings of the saliency assessment-Check whether any considerations have
220、been missed-Validate the list of salient human rights issues Reporting Based on the validated list of salient human rights issues,develop this stand-alone Human Rights report to explain:-What each issue is about-Why it is important-Who is impacted-How Ford is managing the issue-What is the progress
221、made during the year-What is our priority going forward Engagement mechanisms-Pre-interview questionnaire-Interviews with internal and external subject matter experts-Survey for Ford employees and dealers-Validation workshop with subject matters experts FundamentalsSustainability at FordProducts and
222、 ServicesEnvironmentSocialGovernanceDataAppendices23Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholders :c C:!2 111:,C:,0 LL 0(Most salient Human Rights Issues forFord A 0 /o _ o Issues(liste
223、d alphabetically)UN SDGs 0 Clean,healthy and sustainable environment 311V 612W 2Fair and decent work 0 Cl)G)3Forced Labor,child Labor and human trafficking V V 4Harassment and discrimination E)G)5Health and safety 8 Cl)Q 6Impacts of EV transition Cl)Q G)7Rights of Indigenous Peoples 8 QG)Q9 Saliency
224、 Assessment ResultsOur 2023 saliency assessment resulted in an updated list of human rights and environment-related salient topics,as seen here.You can read more about each of these topics and the work being done in this chapter and throughout the report.Clean,Healthy and Sustainable EnvironmentSust
225、ainability Aspiration:Achieve carbon neutrality no later than 2050.Attain zero emissions from our vehicles and facilities.Make zero water withdrawals for manufacturing processes and use freshwater only for human consumption.Human Rights Salient Issue:Human-driven climate change,biodiversity loss,and
226、 air and water pollution impact current and future generations enjoyment of a clean,healthy,and sustainable environment and have negative implications for the enjoyment of all human rights.2023 Update:Climate change which creates extreme weather events and causes natural disasters,rising sea levels,
227、floods,heatwaves,drought,water scarcity,and the spread of disease threatens the human rights of millions of people around the world,including the right to life,water and sanitation,food,health,housing,self-determination,culture,and development.Our strategy to achieve carbon neutrality by 2050 addres
228、ses the three areas that together account for approximately 95%of our carbon dioxide emissions:ourvehicles,our operations,and our supply chain.Our Supplier Code of Conduct requires Ford suppliers(and their subcontractors)to establish science-based greenhouse gas reduction targets,action plans,and tr
229、ansparent reporting mechanisms.Access to EVs can help provide health,economic,and mobility benefits,especially in communities that bear adisproportionate burden from climate change and airpollution.Efforts to further decrease our water consumption continue at Ford plants around the world.We continue
230、 to integrate more water-efficient processes and technologies.Read More In Climate Change on p.45In Air,Water,and Soil Pollution on p.80In Water Resources on p.82Fair and Decent WorkSustainability Aspiration:Support a diverse,equitable,and inclusive workplace where each person is valued.Human Rights
231、 Salient Issue:Fair and decent work encompasses a wide range of rights related to labor and working conditions.This includes the right to just and favorable conditions of work;equal,fair,and living wages;the right to collective bargaining and freedom of association;and reasonable limitation of worki
232、ng hours.Equal opportunity and treatment must be afforded to all workers without distinction,exclusion,or preference made on the basis ofrace,color,sex,religion,political opinion,national extraction,or social origin,or any other characteristic protected by the applicable law.2023 Update:Our We Are C
233、ommitted to Protecting Human Rights and the Environment policy mandates that we“Comply with applicable laws regulating hours of work and support a living wage by providing competitive compensation and benefits that meet or exceed legal requirements.”Read More In Human Capital Management and Diversit
234、y,Equity,andInclusiononp.104Forced Labor,Child Labor,and Human TraffickingSustainability Aspiration:Source only raw materials that are responsibly produced.Human Rights Salient Issue:Forced labor practices include slavery,child labor,debt bondage,and deceptive recruitment for labor or services.It re
235、fers to circumstances where employees are exploited and deprived of freedoms,or are pressured,tricked,or threatened for financial gain by others.Human trafficking is the recruitment,transportation,transfer,harboring,orreceipt of people through force,violence,fraud,or deception,with the aim of forcin
236、g them to work against their will and exploiting them for profit.2023 Update:Forced Labor and Ethical RecruitmentWe continue to work with our suppliers to ensure that their policies align with the Ford Supplier Code of Conduct,which expressly mandates that our suppliers“neither use nor condone force
237、d or compulsory labor inany form and do not employ any form of abusive disciplinary practices”and“follow ethical recruiting practices.”We provide training to support suppliers in updating their policies to align with the Supplier Code ofConduct.Our focus is on helping all of our suppliers meet our e
238、nvironmental,social,and governance(ESG)commitments,build their capacity,and improve their business practices.Our Human Rights Saliency Assessment continued.N 0 N.0 c.a,a:;:;C:C:;:;:,C:FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices24Materiality Assess
239、mentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersWe are conducting additional risk assessments based ondue diligence regulations.Based on identified risks,we are prioritizing our due diligence actions and ta
240、king specific actions as required in our supply chain.Our efforts include supply chain mapping,supply chain data transparency,and supplier audits,which are critical to ensure our compliance.For any concerns raised by third parties,we are utilizing our due diligence process to investigate the issue a
241、nd understand our corporate and supplier involvement.Child LaborOur commitment to global good includes a pledge toeliminate child labor and a promise not to employ anyone under the age of 15 unless it is for a training program that clearly benefits the worker.We have reviewed our contracted recruiti
242、ng firms to ensure our hiring practices are aligned with our Global Terms and Conditions and Supplier Code of Conduct.Wealso have increased audits within Ford manufacturing facilities to ensure compliance with our child labor and human rights policies and expectations.Also,we continue to audit suppl
243、iers that have been assessed as having the highest risk of human rights violations.In 2023,audits did not reveal any instances of child,forced,or involuntary labor.We continue to evolve our risk management system including continuous evaluation of our high-risk considerations.In 2023,a media outlet
244、raised allegations regarding potential child labor occurring in Fords supply chain.Wetake these allegations seriously.Ford prohibits the use of child labor in any form and requires our suppliers to enforce similar policies.At the end of March 2023,Fordcompleted a comprehensive audit of the supplier
245、mentioned in the article,including a third-party review by the Responsible Business Alliance,and no evidence of child labor was found at the suppliers facility.That said,we used the opportunity to identify and improve weaknesses in the suppliers policies and business practices,implementing electroni
246、c document verification at every stage of the hiring process.Additionally,we are conducting ongoing supplier risk assessments and audits beyond the supplier mentioned in the story.We have also strengthened our Supplier Code of Conduct to mitigate increased risks related to labor shortages coupled wi
247、th high immigration.Human TraffickingAs a global force in human rights,Ford is committed toprohibiting forced labor in our business.To that end,we are focusing our efforts on our own operations and working with suppliers to aggressively monitor andinfluence the behavior of our company,affiliates,and
248、suppliers.Our We Are Committed to Protecting Human Rights and the Environment policy commits us to preventing forced labor and human trafficking,and our Global Modern Slavery and Human Trafficking Transparency Statement outlines steps we are taking to ensure that slavery and human trafficking are no
249、t occurring in our supply chains or other parts of our business.Through our membership in the Responsible Business Alliance(RBA)we are assessing our operations and supply chain.We have increased human rights risk assessments in both our own operations and throughout our supply chain.In Human Rights
250、on p.88Harassment and DiscriminationSustainability Aspiration:Support a diverse,equitable,and inclusive workplace where each person is valued.Human Rights Salient Issue:Everyone has the right to freedom from violence and harassment at work.Harassment covers a broad range of unwelcomed behaviors that
251、 are humiliating,intimidating,or offensive in nature.Instances of harassment do not need to be intentional and they can occur as a once-off or repeatedly over a period of time.Employees have the right to equal employment opportunity.Discrimination occurs when an individual,or a group of people,is tr
252、eated less favorably than another because of certain characteristics,such as race,color,religion,sex(including gender identity,sexual orientation,and pregnancy),national origin,age,disability,or genetic information.2023 Update:Ford is committed to supporting and sustaining a diverse,equitable,and in
253、clusive workplace.As we move forward,our intention is to harness the power of a talented and diverse team to help fuel our transformation and further empower Ford to better serve the diverse customers and communities where we live and work.Werespect the different cultures and beliefs of our team mem
254、bers,customers,and the communities we serve.We are committed to speaking up and preventing retaliation.We encourage our employees to speak up ifsomething doesnt seem right or might violate our policies,our Code of Conduct,or the law.Ford will support and protect anyone who raises a good-faith concer
255、n and strictly prohibits retaliation against anyone for reporting a suspected violation or for assisting with an investigation.In Human Capital Management and Diversity,Equity,andInclusiononp.104Health and SafetySustainability Aspiration:Work toward a future that is free from vehicle crashes and wor
256、kplace injuries.Human Rights Salient Issue:Physical and mental health and safety of employees andworkers in the supply chain is one component of anadequate work environment that satisfies global andnational legal standards.This includes the mitigation of occupational hazards to ensure that the likel
257、ihood of harm to employees is greatly reduced.Health and safety also includes Fords product safety and quality and considerations of the end users physical safety as they use and operate Ford products.This is particularly important with respect to emerging risks associated withelectric vehicles.2023
258、 Update:We are dedicated to creating vehicles that achieve the highest levels of safety in a range of real-world conditions and crash testing assessments.Our mission isto make product quality one of the principal reasons why customers buy Ford the first time and every time.The health,safety,and well
259、being of our people continues to be a top priority for Ford.Many of our internal standards go beyond applicable laws and regulations sothat we can meet our commitment to protecting the safety of our workforce in all our locations.In Product Safety and Quality on p.99In Employee Health and Safety on
260、p.110Our Human Rights Saliency Assessment continuedFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices25Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentSta
261、keholdersRights of Indigenous PeoplesHuman Rights Salient Issue:Indigenous Peoples populated areas before the arrival ofothers and often retain distinct cultural and political characteristics.Indigenous Peoples are equal to all other peoples and have the right to full enjoyment of all human rights.T
262、his includes the right to self-determination as well as maintenance,protection,and development of manifestations of their culture,whether that be through land,water,or sacred sites,and the principles of free prior and informed consent.Indigenous Peoples continue to suffer disproportionately from imp
263、acts of climate change,environmental degradation,poverty,poor accessto education,and human rights violations.Over 50%of global mining projects sit on or near Indigenous Peoples land.2023 Update:Ford works to uphold the rights of Indigenous Peoples throughout our value chain.We have updated our WeAre
264、 Committed to Protecting Human Rights and the Environment policy to formally reflect our commitment to respecting the United Nations Declaration on the Rights of Indigenous Peoples(UNDRIP)in both our own business and supply chain.As we directly source our EV battery material supply chain,we are awar
265、e of the risk mineral mining may poseto Indigenous Peoples rights.Consequently,our Responsible Materials Sourcing Policy reflects our requirement that our raw material suppliers ensure Free,Prior,and Informed Consent of indigenous communities is pursued and obtained prior to projects or activities t
266、hat may affect their lands,resources,and rights.In addition,we require that our raw material suppliers obtain certification from the Initiative for Responsible Mining Assurance or third-party certified equivalent,which requires its members to respect Indigenous Peoples rights and gain Free,Prior,and
267、 Informed Consent.Ford Australia operates on the lands of the Wurundjeri Woi-wurrung people(near Melbourne),Wadawurrung people(Geelong area),and several other indigenous communities across the country.Ford Australia developed a Land acknowledgement and partnered with contemporary indigenous artist B
268、rad Turner in the creation of custom artwork to acknowledge and pay respect to indigenous Ancestors and Elders.Ford Australia acknowledges Aboriginal and Torres Strait Islander people as the Traditional Owners of the land where we proudly conduct our business.In Human Rights on p.88Impacts of EV Tra
269、nsitionSustainability Aspiration:Achieve carbon neutrality no later than 2050.Drive human progress by providing mobility and accessibility for all.Human Rights Salient Issue:Fords transition from internal combustion engines to electric vehicles creates specific risks and opportunities for the progre
270、ssive attainment of human rights.This includes procedural rights risks,such as ensuring access to information and meaningful participation in decision-making for workers,suppliers,and communities affected by plant closures or other transition events.2023 Update:Ford recognizes that urgent action is
271、needed to address climate change.As we transition to EVs,were committed to working closely with local communities and stakeholders to protect the environment and to create jobs in the green economy.Supporting a just transition toa sustainable EV future takes into account the people and communities t
272、hat will be impacted most by this pivotal change.In Human Capital Management and Diversity,Equity,andInclusiononp.104Emerging Salient Risk:Data Privacy and Use of AIEmerging Salient Issue:Privacy refers to the right to have personal information and interactions protected from exposure to the public
273、and other unwarranted private entities.This issue is particularly salient in the emerging global context of complex artificial intelligence(AI)systems that rely on the collection and usage of users personal data.Concerns about the development of AI extend beyond issues of privacy and data rights int
274、o freedom of choice,freedom of conscience,and the bias and discrimination that may arise from input data or algorithms themselves.2023 Update:We have policies and procedures to address data management and protect the privacy of our employees and customers.We continue to adhere to the Automotive Cons
275、umer Privacy Protection Principles developed by the Alliance for Automotive Innovation.We are also a founding member of the Information Sharing and Analysis Center,which gathers,analyzes,and shares information to combat cyber-related threats and weaknesses.In Data Protection,Privacy,and Cyber Securi
276、ty on p.132Our Human Rights Saliency Assessment continuedFundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendices26Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency Assessm
277、entStakeholdersOur StakeholdersESRS 2 SBM-2Ford has a commitment to direct,open,transparent,and frequent engagement with our stakeholders.Throughout each year,management meets with institutional investors to discuss various matters,including long-term strategy;financial and operating performance;ris
278、k management;environmental,social,and governance(ESG)practices;and executive compensation programs.We also engage with retail investors.These meetings are informative and,where appropriate,we incorporate stakeholder suggestions into our policy and strategic considerations,Proxy Statement,and communi
279、cations strategy.Highlights from 2023 included:Met with shareholders representing approximately 60%of our institutional equity investor base and fixed income investors holding approximately 30%of our unsecured debt outstanding,and with potential holders of our equity and debt Participated in 18 conf
280、erences and 14 investor events,including new financial reporting Teach In and Capital Markets Day Hosted two non-deal roadshows,including one focused on ESG Held quarterly webcast earnings calls and post-earnings sell-side calls Completed a broad range of phone calls,emails,and other industry events
281、Blue Table ForumWe established the Blue Table Forum in 2022.This stakeholder advocacy program is focused on creating andbuilding a trusted community of organizational and institutional stakeholders from a diverse group of non-governmental organizations(NGOs),nonprofits and academic institutions.The
282、goal is to initiate a dialogue around critical issues faced and how we can work together to build a carbon neutral transportation future.To date,the program has engaged over 90 organizations and 175 influential thought-leaders with regional,national,and global representation and a diverse stakeholde
283、r network of over 93 million including members,donors,volunteers,and partner organizations.Ford has also partnered with members of the Blue Table Forum to advocate for shared policy positions on greenhouse gas emissions and fuel economy standards,clean and low-carbon aluminum,electric vehicle chargi
284、ng infrastructure,and more.Our Value ChainESRS 2 SBM-1Ford has an extensive value chain,including over 1,600 Tier 1 suppliers and even more Tier 2+supplier upstream,and over 8,000 dealers and countless customers and global communities downstream.90+Organizationswith regional,national,and global repr
285、esentation engaged through Blue Table Forum(2022:40+Organizations)175+Influential ThoughtLeadersacross NGOs,Nonprofits,and Educational Institutions engaged through Blue Table Forum(2022:70+Thought Leaders)FundamentalsSustainability at FordProducts and ServicesEnvironmentSocialGovernanceDataAppendice
286、s27Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersKey StakeholdersStakeholderImportanceHow we engageCommunitiesCommunities where we live and work and where we partner with businesses,scho
287、ols,nonprofit service organizations,and government organizations are critical to our future.Through our Community Relations team,we focus on the communities in which we have manufacturing facilities.We engage with these communities in multiple ways to manage the impact Ford has on the community and
288、understand the community sentiment.Through our philanthropic arm,Ford Fund,weve been giving back and building strong communities for more than 70 years.Ford Fund co-creates and invests in partnerships and programs across three impact areas:essential services,education for the future of work,andentre
289、preneurship.Working across the Ford network in the U.S.and around the world,we provide access to resources and opportunities that build equity,help make peoples livesbetter,and create opportunities for growth.Communities are the lifeblood of any society or culture.By engaging with our communities,we
290、 can help people in need,understand what our customers want,and strengthen the bonds that make us a viable and relevant business.Neighborhood Advisory Councils Interactions with governments and regulators Participation in and Sponsorship of Community Events Membership associations Dialogue with non-
291、governmental organizations Partnerships with community leaders,grassroots and nonprofit organizations,and local Ford dealers Employee volunteerism,grantmaking,and philanthropic initiatives through the FordFund Government relations supporting policy that benefits our communitiesCustomersOur relations
292、hip with our customers is at the core of our company.We seek to engage our customers in new and inclusive ways to get deeper knowledge of their wants and needs.We want to go above and beyond to deliver products and services that customers cant live without and develop strong customer relationships t
293、hat can last a lifetime.Together with our dealers,we are creating a better purchase and ownership experience for our customers to help build life-long trust and satisfaction.Customers engage with the company face-to-face in our dealerships,over the phone,on our websites and social media,at our conta
294、ct centers,and inside our vehicles.And through our internal customer experience measurement platform and market research,we listen and respond to customer feedback,increasing our understanding of their needs,concerns,and preferences,and providing actionable insights to our dealers and touchpoint own
295、ers to drive enhanced experiences.Without customers,Ford would not exist,so its vital that we do everything we can to nurture these relationships and provide the products and services they not only want and need,but cant live without.Customer experience measurement platform Market research Loyalty a
296、nd membership rewards programs Dealer interactions Ford service Pickup&Delivery and Mobile Service experiences FordPass app F website Ford Owners magazine Friends of FordDealersDealers(sales and service people)are often the first Ford representatives that our customers come in contact with.We rely o
297、n their expertise and dedication,actively engaging and collaborating through Dealer Councils and roundtables,as well as the creation of advertising and public service announcements.An important touchpoint for usisthe Dealer Attitude Survey,which provides us with useful information and insights.Tohon
298、or their excellence,we conduct our annual Salute to Dealers awards.Dealers are an essential part of the Ford family because they are the most direct link between our products and services and our customers.Dealers are typically the only connection customers have with Ford.Intranet communications Bra
299、nd sales and service representatives Brand Dealer Councils Dealer roundtables Ford Guest Experience dealer training Presidents Circle Salute to Dealers Advertising and public service announcements Dealer Attitude SurveyOur Stakeholders continuedESRS 2 SBM-2FundamentalsSustainability at FordProducts
300、and ServicesEnvironmentSocialGovernanceDataAppendices28Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersOur Stakeholders continuedESRS 2 SBM-2EmployeesEmployees are Fords number one asset.W
301、e can only operate successfully through their hard work and dedication from research scientists and truck drivers to production engineers and accountants.To be in touch with our employees around the world,we use every available tool and opportunity,including our intranet platform,social media sites,
302、facilities visits,and business meetings(online and in person),and executive Q&A sessions/Town Halls with senior management.We strengthen employee relations by maintaining anongoing dialogue with union representatives and through joint labor-management committees.And we gain valuable insights through
303、 employee surveys.The initiatives implemented by our Global Diversity,Equity,and Inclusion(DEI)Office in collaboration withour 10 Employee Resource Groups are also important catalysts for fostering a culture ofinclusion.Ford employees run the organization at every level.Their strength,commitment,and
304、 dedication,and their emotional connection to the company,cant be judged only as assets with a monetary value.They are Fords heart and soul.Intranet site Monthly Town Halls with executive leadership Integrated Sustainability and Financial Report Social media applications Union representatives Joint
305、labormanagement committees Webcasts,videos,blogs,and executive Q&A sessions with senior management Listening sessions Employee surveys Global DEI office led Employee Resource Groups(ERGs)Test drive and vehicle reveal events Social Action CouncilInvestors,Analysts,and ShareholdersFor our institutiona
306、l and individual investors our shareholders to believe that Ford will continue to succeed financially,they tend to rely on the opinions and research done by financial analysts who study the company in great detail.To make sure we communicate effectively with these financial stakeholders,we provide a
307、 broad range of materials,including our Integrated Sustainability and Financial Report,Proxy Statements,our annual report on Form 10-K(SEC filings),and quarterly earnings releases.These published documents provide vital information on the company that supplement our annual shareholder meetings,inves
308、tor conferences,and annual ESG roadshows.Investors,analysts,and shareholders are instrumental in providing capital to maintain and grow our business.And since they are profit oriented,they insist that capital is invested properly and funds are managed accurately.Investment community forums Quarterly
309、 earnings communications Annual shareholders meeting Integrated Sustainability and Financial Report Investor website Proxy Statement SEC filings(e.g.,10-K,10-Q,8-K)Sustainable Financing Framework Sustainable Financing Report Ratings and rankingsSuppliersThousands of businesses,large and small,provid
310、e Ford with the materials,technologies,and services that we need to produce market-leading,cost-effective vehicles.From engine components to recycled fabric for car seats,we rely on suppliers from all over the world and maintain stringent standards and rules to make sure our products are of the high
311、est quality.In addition to holding regular meetings with individual suppliers as required,we also share best practices to help them with everything from improving workplace safety,treating theiremployees fairly and without prejudice,and reducing their impact on the environment.To strengthen these in
312、itiatives and relationships,we are also supporters and members and of a wide range of external supplier organizations,coalitions,and associations.Suppliers play a huge role at every stage of the product life cycle,from sourcing raw materials to helping ramp up production,thereby making a significant
313、 contribution to our value,growth,and development.Supplier Code of Conduct Global Terms and Conditions Top Supplier meetings Manufacture 2030 Supplier quality roundtables Supplier training Supplier Diversity Development Networking External supplier organizations and partnerships Third-party assurers
314、 including the Initiative for Responsible Mining,Responsible Minerals Initiative,and Responsible Business Alliance Drive Sustainability Self Assessment Questionnaires Responsible Business Alliance Worker Voice PlatformStakeholderImportanceHow we engageFundamentalsSustainability at FordProducts and S
315、ervicesEnvironmentSocialGovernanceDataAppendices29Materiality AssessmentSustainability StrategySustainability AspirationsAccelerating ProgressCreate Sustainable ValueHuman Rights Saliency AssessmentStakeholdersCeres Stakeholder Engagement As in recent years,a stakeholder team selected by Ceres provi
316、ded recommendations for our future reporting.Representing a range of constituencies and expertise,the most recent Ceres stakeholder engagement convened on January 31,2024.Fords responses to a select number of their recommendations are summarized below.Ceres Recommendation:Expand charging infrastruct
317、ure by strengthening strategic partnerships with utility companies and relevant stakeholders.Ford Response:Collaboration plays an essential role as we work to strengthen the charging infrastructure.Thats why weve joined the U.S.Joint Office of Energy and Transportation to launch the National Chargin
318、g Experience Consortium(ChargeX Consortium),a new effort to rapidly develop solutions to improve EV charging across the U.S.This cross-industry group of automakers,charging providers,utilities,and the Department of Energy(DOE)national laboratories aims to drive innovation and universal enhancements
319、around current and future public charging infrastructure and the entire customer experience.In Electric Vehicles,Batteries and Charging Infrastructure on p.34Ceres Recommendation:Explore and invest in opportunities for the second-life applications and recycling of EV batteries and develop the necess
320、ary infrastructure to support the circularity ofbattery usage.Ford Response:End of life vehicles are a crucial part of our supply chain,and we are committed to increasing battery recycling.Tofurther these efforts,we support various battery recycling companies,including with letters of support forU.S
321、.DOE grants.We have also begun utilizing collection points to reduce inefficiencies in shipping one-off,end of life batteries across the country this allows us to ship full-truck loads reducing our environmental footprint.End of life batteries are sent to recyclers who are dedicated to recovering th
322、e underlying raw materials with the intent of reintroducing these materials into the broader battery supply chain industry.In Circular Economy and End of Life on p.76Ceres Recommendation:Establish and implement a policy on Indigenous Peoples Rights and Free,Prior,and Informed Consent(FPIC),in accord
323、ance with the UN Declaration of the Rights of Indigenous Peoples.Ford Response:Ford works to uphold the rights of Indigenous Peoples throughout our value chain.We have updated our WeAre Committed to Protecting Human Rights and the Environment policy to formally reflect our commitment to respecting t
324、he United Nations Declaration on the Rights of Indigenous Peoples(UNDRIP)in both our ownbusiness and supply chain.Our Supplier Code of Conduct and Responsible Materials Sourcing Policy reflect our requirement that our raw material suppliers ensure Free,Prior,and Informed Consent of indigenous commun
325、ities is pursued and obtained prior to projects or activities that may affect their lands,resources,and rights.In addition,we require that our raw material suppliers obtain certification from the Initiative for Responsible Mining Assurance or third-party certified equivalent,which requires its membe
326、rs to respect Indigenous Peoples rights and gain Free,Prior,and Informed Consent.In Human Rights on p.88Ceres Recommendation:Utilize Fords influence and resources to support and enhance small-scale mining operations,encouraging them to adopt and advance sustainable and responsible practices.Ford Res
327、ponse:Ford supports Better Mining,an on-the-ground program to proactively identify risks and improve conditions in nine artisanal and small-scale cobalt mine sites in the Democratic Republic of the Congo.This program contributes to building the capacity of legal artisanal and small-scale mining coop
328、eratives and sector,supporting state services to help achieve responsible practices in the sector,and meet due diligence requirements.Capacity building will also help mining communities meaningfully participate in global supply chains.In 2023,this effort led to tangible risk management improvements,
329、including the establishment of an accessible grievance mechanism for the artisanal and small-scale mine sites being monitored,the prevention of incidents of child labor and work by individuals without adequate personal protective equipment,as wellas the improvement of work and safety conditions on m
330、ine sites.In Human Rights on p.88Ceres Recommendation:Enhance battery safety measures in EVs to contain isolated incidents and prevent escalation,while also reinforcing overall vehicle design to ensure passenger safety even in the event of component failures.Ford Response:Ensuring the safety and qua
331、lity of EV batteries is crucial to building trust in our fleet of electric vehicles.Every Ford EV includes a battery quality operating system.Quality checks and tight process controls are integrated throughout the battery cell manufacturing and battery pack screening during vehicle assembly.Once a v
332、ehicle isbuilt,Ford leverages cloud-based vehicle monitoring and detection and can communicate with connected customers if a voltage anomaly is detected.Ford also provides high voltage safety publications including a Workshop Manual for vehicle technicians and an Emergency Responders Guide for first
333、 responders.Ford EVs are subjected to crash testing that far exceeds the stringency of regulatory requirements.For example,we conduct front,side,and rear impact crash tests at 5mph above the speeds required by safety regulations,which translates to increased impact energy and severity as compared to what is required by law.Ford has executed a number of battery safety projects funded by the U.S.Dep
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