PACE, which originally focused on water and energy conservation, now also offers best practices for reducing waste, carbon dioxide and air emissions.
Through the program, Ford offers best practices and monitoring tools to help its suppliers track and achieve their own sustainability goals. In return, the suppliers report their environmental progress and share their own best practices.
Participating suppliers are on track to save an estimated 550 million gallons of water over the next five years, according to data collected in 2016. Additionally, current suppliers participating in PACE could reduce their carbon emissions by nearly 500,000 metric tons globally in the next five years, Ford says.
There's also a strong business case for reducing supply chain emissions: a CDP report published in January found major companies' supply-chain emissions reduction initiatives saved suppliers a combined $12.4bn in 2016.
Enjoy curated articles directly to your inbox.