Ford Joins Companies Committing to Global Buyers’ Club

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Ford Motor Co. is among a group of companies that pledged on Wednesday to join a global initiative to decarbonize key sectors such as heavy transportation.

The expansion of the First Movers Coalition, which began at the 2021 United Nations Climate Change Conference, was announced at the World Economic Forum in Davos, Switzerland. Other significant companies that have joined include Google parent Alphabet Inc. and Microsoft Corp.

The initiative seeks to leverage purchasing power and supply chains to drive demand for green energy technologies.

The automaker pledges to buy at least 10% near-zero carbon steel and aluminum by 2030, and has previously said it aims for global carbon neutrality no later than 2050 .

“Reducing emissions to a carbon-neutral level by 2050 is possible if we invest in the right technologies and scale them over the next decade,” said Sue Slaughter, the channel’s chief sustainability officer. Ford supply chain, in a statement. “By joining the First Movers Coalition, Ford is signaling to the market that we want to work with our suppliers to achieve commercially viable green steel and aluminum.”

The coalition, led by the World Economic Forum and the US government, now includes more than 50 companies with a collective market value of around $8.5 trillion. Its target sectors include aluminum, aviation, chemicals, concrete, shipping, steel and trucking, which are responsible for approximately 30% of global emissions.

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