April 10, 2008 - Ford has revealed to investors exactly how it plans to reach its stated goal of reducing greenhouse gas emissions from its new vehicle fleet by at least 30% by 2020. The decision to publish the emissions-reduction plan came in response to climate-related shareholder resolutions filed by members of the Interfaith Center on Corporate Responsibility (ICCR) and the Investor Network on Climate Risk Network (INCR).

The shareholder resolutions have been dropped now that Ford has "set clearly defined goals" for achieving its broader emissions-reduction targets, according to the investor groups.

"Ford breaks new ground here as the first corporation to respond to shareowners by agreeing to pursue a specific and clearly defined target for climate-related emissions in their new products," says Sister Patricia A. Daly, executive director of the Tri-State Coalition for Responsible Investment and representative for the Sisters of St. Dominic of Caldwell, N.J., the lead resolution filer. "The target is not even the win here; Ford has wrestled with various analyses to arrive at reduction goals. This goes far beyond acknowledging global warming or disclosing emissions."

Ford's targeted 30% emissions cut is a stepping-stone toward a more ambitious goal: As a member of the U.S. Climate Action Partnership, Ford has pledged to reduce its greenhouse gas emissions 60%-80% by 2050. Earlier this week, the company unveiled a new ad campaign touting its environmental efforts.

Investors are now urging General Motors to set specific greenhouse gas reduction targets for its vehicles and operations. A shareholder resolution filed by The Dominicans of Caldwell, a member of ICCR, is expected to be voted on at GM's annual meeting in June 2008.

Last month, investors announced that a record 54 global warming shareholder resolutions have been filed with U.S. companies as part of the 2008 proxy season - nearly double the number filed two years ago.