Ford Motor Company Joins First Movers Coalition, Announces New Commitment to Purchase Green Steel and Aluminium

  • Date: 06-Jun-2022
  • Source: Eye of Riyadh
  • Sector:Economy
  • Country:Middle East
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Ford Motor Company Joins First Movers Coalition, Announces New Commitment to Purchase Green Steel and Aluminium

Ford Motor Company announced it will join the First Mover’s Coalition, an initiative led by the US Department of State and the World Economic Forum that includes more than 30 of the world’s leading companies committed to harness their purchasing power and supply chains to create early markets for innovative clean energy technologies. In joining the First Mover’s Coalition, Ford pledges that at least 10 per cent of all steel purchased (per year, by volume) will be near-zero emissions by 2030 and that at least 10 per cent of total primary aluminium purchased (per year, by volume) will be at or below a near-zero threshold of carbon intensity by 2030.

 

“Our commitment to the Paris Agreement was just the start of Ford’s ambition to reach carbon neutrality. Now, we are actively working to develop the materials and technology needed to create a zero-emissions transportation future,” said Chris Smith, chief government affairs officer for Ford. “We’re proud to be the first U.S. automaker to join the First Movers Coalition and to work with global partners to continue reducing our environmental footprint and meet the expectations of our customers.”