Competitors General Motors Co. (NYSE: GM) released a similar report in January and Toyota Motor Corp. (NYSE: TM) released its environmental report in November 2011.
Ford also noted progress in its efforts to improve working conditions, non-discrimination, and factory health, safety, and environmental conditions all through its $75 billion supply chain. Regarding these human rights issues, a company spokesperson said:
Detailing our progress on human rights and sharing stories of our projects in the sustainability report is our primary source of communication regarding issues of social sustainability – and not just to media and customers. Investors are paying attention to working conditions, conflict minerals and trafficking more intensely, and our stakeholders want to be kept updated on all developments.
Ford’s shares are trading up about 0.2% in the pre-market this morning, at $10.43 in a 52-week range of $9.05-$14.22
Paul Ausick