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1、Sustainable Financing Report I Contents Introduction3 Overview 4 Our Sustainability Strategy and Aspirations 5 Sustainable Financing Framework 6 Allocation of Proceeds 7 Impact of Investments 8 Management Assertion 9 Report of Independent Accountants 10 Assumptions/Footnotes112|Ford Sustainable Fina

2、ncing Report December 2022Introduction Ford Motor Company is known around the world for designing,manufacturing,marketing,financing and servicing a full line of Ford trucks,utility vehicles,cars and vans increasingly through electrification.After launching our Sustainable Financing Framework and ina

3、ugural Green Bond in 2021,we continue toevolve our process to show the indelible link between our commitment to sustainability and our continued success.The value of our business is rooted in our purpose to help build a better world where every person is free to move and pursue their dreams.That mea

4、ns that we are directing our investments to what is good for people and the planet.It also means we are setting the pathway for a strong business that will continue for decades to come.We will win bybeing financially healthy and effective in sustainability,which we believe are mutually dependent obj

5、ectives.All of this is because we understand that the future of this company centers on a purpose bigger than building vehicles.To that end,we introduced the North American auto industrys first Sustainable Financing Framework in 2021,which focusedon our ambitious plans for vehicle electrification an

6、d other environmental and social initiatives.That was followed by our inaugural Green Bond and,after one full year,we are reporting our progress on the allocation of those proceeds and the impact we are making.In August 2022,we issued our second GreenBond and we will be reporting on ourprogress in a

7、llocating those proceeds inour 2023 Sustainable Financing Report.Our goal is to help shape the future of zeroemission transportation while creating valuefor customers,investors and other stakeholders.Read more in our Sustainable Financing Framework3|Ford Sustainable Financing Report December 2022Ove

8、rview We are accelerating the electrification revolution.We are committed to being fullycarbon neutral worldwide across ourvehicles,facilities,and supply chain nolater than 2050.Acting now to ramp up production of our zeroemission vehicles,we have pledged to work towards sales of all new cars and va

9、ns being zeroemission globally by 2040,and we are on track to have 50%of our global vehicle mixfully electric by 2030.Our Sustainable Financing Framework the first of its kind covering both an automotive OEM and its captive finance company supports the financing of these environmental and social pro

10、jects through various funding markets,including unsecured debt and securitization transactions.Net proceeds raised can be invested in four different areas:Clean Transportation,Clean Manufacturing,Making Lives Better,and Community Revitalization.Our Framework achieved the highest possible“Advanced”ra

11、ting from secondparty opinion provider Vigeo Eiris based on our approach to evaluating,selecting,managing,and reporting on sustainable initiatives included in the framework.In June 2022,our inaugural Green Bond was recognized by the Climate Bonds Initiative for making history as the largest green bo

12、nd from a nonfinancial U.S.corporation to date.This report provides an update on our sustainability initiatives and our Green Bond issuances.As used in the report,“EV”has the same meaning as“BEV”as used in the Prospectus Supplements related to the Green Bond issuances and our Sustainable Financing F

13、ramework.Read more in the Vigeo Eiris report AwardsOur Green Bond won the Green Debt Instruments Category at the 7th Annual Climate Bonds Awards 2022 Read more Our Green Bond was a key part of Ford being named Corporate Issuer of the Year at the 2021 IFR Awards Read more4|Ford Sustainable Financing

14、Report December 2022Our Sustainability Strategy and Aspirations Our sustainability strategy is to make a positive contribution to society and the environment.A better world requires a future that is inclusive,equitable,and sustainable.As we continue our journey toelectrification and carbon neutralit

15、y,we are committed to a strategy that addresses the needs of our people,ourplanet,and our customers.It is at the heart of our purpose,and it is driving our path forward.That is why Ford is acting now to produce nocompromise electric vehicles like the Mustang MachE,F150 Lightning,and ETransit.And it

16、is why we are aiming to reach carbonneutrality no later than 2050,by reducing emissions from our operations and throughout our entire supply chain,while pushing the boundaries of innovation and technology.We are reimagining how EVs and the batteries that power them are designed,manufactured,and recy

17、cled,creating an allnew electric vehicle manufacturing ecosystem.We are also working closely with our suppliers,from factories to mines for raw materials,to both reduce carbon emissions and help the people and communities around them thrive.We are building a more equitable and inclusive business by

18、focusing on making a positive impact.Through our community engagements,we are making lives better.And we are building a culture where our people feel that they belong.We are committed to leadership in human rights and the environment in every single part of our business,because fulfilling our purpos

19、e depends on it.Read more in the Integrated Sustainability and Financial Report 2022 Climate Change Achieve carbon neutrality no later than 2050 Waste Reach true zero waste to landfill across our operations Eliminate single-use plastics from our operations by 2030 Air Attain zero emissions from our

20、vehicles and facilities Energy Use 100 percent carbon-free electricity in all manufacturing by 2035 Water Make zero water withdrawals for manufacturing processes Use freshwater only for human consumption Materials Utilize only recycled or renewable content in vehicle plastics Safety Work toward a fu

21、ture that is free from vehicle crashes and workplace injuries Human Rights Source only raw materials that are responsibly produced Diversity,Equity and Inclusion Create a truly diverse culture where everyone feels like they belong Access Drive human progress by providing mobility and accessibility f

22、or all 5|Ford Sustainable Financing Report December 2022Sustainable Financing Framework The Sustainable Financing Framework announced in November 2021 on the sixth anniversary of the Paris Climate Agreement focuses on our ambitious plans in clean transportation,clean manufacturing,making lives bette

23、r,and community revitalization.An amount equal to the net proceeds from each Sustainable Financing will be used to finance or refinance,in whole or in part,new or existing green and/or social projects,assets,or activities of Ford or Ford Credit that meet our eligibility criteria.Fords and Ford Credi

24、ts intention is to fully allocate the net proceeds of each Sustainable Financing within 24 months of its issuance.Ford has established a Sustainable Finance Committee,made up of senior leaders,to oversee the project evaluation and selection process and to ensure selected projects comply with the eli

25、gibility criteria.Following the release of the Framework,Ford issued an inauguralGreen Bond in November 2021 a$2.50 billion transaction which was the first for a North American automaker.This was followed by a second Green Bond of$1.75 billion in August 2022.The financing will be allocated and inves

26、ted in the following areas(for a more detailed description,please see our Framework):Financing areaFordFord Credit Clean Transportation Investments and expenditures(includingacquisition costs,research anddevelopment,and licensing costs)forthe design,development and manufacturing of zeroemission vehi

27、cles that are electric vehicles(EV),fuel cell electric vehicles(FCEV)or other future carbonneutral transportation.Offering automotive financing products andwholesale loans for vehicles that are purchased,in whole or in part,by Ford Credit and that meet the eligibility criteria.Clean Manufacturing In

28、vestments and expenditures related toimproving the environmental footprint ofour operations.Making Lives Better Expenditures focused on advancing economic opportunity and equity forunderrepresented and/or disadvantaged populations.Expanding access to essential services by providing automotive financ

29、ing products and advancing economic opportunity and equity for all.Community Revitalization Expenditures and investment in internal and external projects that provide support or uplift to disadvantaged communities through creating and renovating spaces toprovide opportunities for economic employment

30、 and access to essential services.Related sustainable financing initiatives Ford also has over$17 billion in revolving corporate credit facilities,which now include key sustainability metrics that further align our financing actions with our commitment tooperate a safe,sustainable,and successful bus

31、iness including our vehicle electrification carbon neutrality goals.6|Ford Sustainable Financing Report December 2022Read more in our Sustainable Financing FrameworkAllocation of Proceeds The net proceeds from our first two Green Bonds will be allocated exclusively to Clean Transportation projects a

32、nd specifically to the design,development,and manufacture of our electric vehicle portfolio.Between January 1,2021 and August 31,2022,$2.16 billion of the net proceeds about 87%of the first Green Bond have been allocated,and we expect the remaining 13%of the net proceeds to be allocated before the e

33、nd of2022.Approximately 83%of the spending so far has been allocated to investments into specific products in our EVlineup.A significant portion of that has been spendingfor vehicles already available for customers now the Mustang MachE,F150 Lightning,and ETransit.However,we have also allocated spen

34、ding tovehicles that are still in the design and development phase and will be unveiled in the future.The other 17%has been allocated to development activities that will benefit our entire EV portfolio.Theseinvestments include the development of eDrive motors that will power our existing and future

35、EV lineup and the unique tech stack architecture required for electric vehicles.We have also allocated about$55 million of spending to Ion Park,our Battery R&D Center in Michigan.We have not yet allocated any of the net proceeds ofthesecond Green Bond we issued in August 2022.Consistent with the gui

36、dance provided at the time ofthatissuance,we expect the majority of proceeds tobeallocated to spending after the date of issuance andthe allocation to be completed by yearend 2023.Green Bond Issuances IssuerCUSIPIssuance typeCurrencyNotional($B)CouponIssue DateMaturity Date Ford Motor Company345370D

37、A5Senior unsecured notesUSD$2.503.25%Nov 12,2021Feb 12,2032 Ford Motor Company345370DB3Senior unsecured notesUSD$1.756.10%Aug 19,2022Aug 19,2032 Allocation of proceeds Green Bond issued Nov 2021$2.50B87%Allocated1 83%Investments into specific products in our EV lineup 17%Investments into cross portf

38、olio EV development 100%to be allocated before the end of 2022 See assumptions on page 11 Green Bond issued Aug 2022$1.75BTo be allocated100%to be allocated before the end of 20237|Ford Sustainable Financing Report December 2022Lifetime Emissions (per vehicle)72Metric tons COTailpipe Emissions7b Fue

39、l Production7c Electricity Production7d Average Pickup5 F150-Lightning2 Transit6 E-Transit3 Average Car SUV5 Mustang Mach-E2 140120100806040200-57%-59%-60%26 5157 71 14 2996 19 77 41103 129 What does this mean for the environment?F-150 Lightning Platinum,(ext.range)7a28,777Equivalent to gallons of g

40、asoline not used8Lifetime EV CO2 Savings vs.ICEV(metric tons)78Mustang Mach-E RWD,(base range)7a 2Lifetime EV CO2 Savings vs.ICEV(metric tons)4,726Equivalent to gallons of gasoline not used842E-Transit,(low roof)7a2Lifetime EV CO2 Savings vs.ICEV(metric tons)6,189Equivalent to gallons of gasoline no

41、t used855See assumptions on page 11Here are some examples of how the financing we allocated contributes to sustainability and helps build a better world.Driving a Ford EV,that is charged using U.S.gridaverage electricity can reduce carbon dioxide emissions by as much as 60%compared to driving a simi

42、lar internal combustion engine vehicle(ICEV),.The savings include carbon dioxide emissions emitted during both fuel production and at the tailpipe of the ICEV,together known 6543 2as welltowheels emissions,and the production of the electricity used for charging the EV.As the electric grid continues

43、to shift to carbonfree energy sources,carbon dioxide emissions from electricity production are expected to further decrease creating even greater carbon dioxide emissions savings.7Impact of Investments 8|Ford Sustainable Financing Report December 2022Management Assertion Management of Ford Motor Com

44、pany is responsible for the completeness,accuracy and validity of Ford Motor Companys management assertion.Management asserts that,between January 1,2021 and August 31,2022,$2.16 billion of the net proceeds of$2.48 billion from the November 2021 issuance of the$2.50 billion 3.25%Notes due February 1

45、2,2032 were allocated to Eligible Projects for Clean Transportation as set out in the“Use of Proceeds”section of the Prospectus Supplement dated November 8,2021 and further described below.Management also notes the Eligibility Criteria and the time period in which the allocated spending will have oc

46、curred per the Prospectus Supplement dated November 8,2021 are more narrow in scope and shorter in time period than the provisions outlined in the Sustainable Financing Framework as are the time period in which the allocated spending will have occurred.Clean Transportation Eligibility Criteria For t

47、he purposes of this assertion,Eligible Projects for CleanTransportation includes investments and expenditures,asdescribed below,related to the design,development,and manufacturing of zeroemission EVs.As used in this management assertion,“EV”has the same meaning as“BEV”as used in the Prospectus Suppl

48、ements related to theGreen Bond issuances and our Sustainable Financing Framework.Research and development dedicated to zeroemission EVs and technology,which includes testing,development offacilities,tooling,and manufacturing of zeroemission EVs;Manufacturing facilities,including new facilities and

49、upgrading or modifying current manufacturing facilities,to produce zeroemission EVs;and Projects related to the manufacturing and/or procurement of components for electric vehicles such as batteries andpowertrains,as well as remanufacturing and/or recycling of batteries.Targeted Sustainable Developm

50、ent Goals Read more in our Prospectus Supplement9|Ford Sustainable Financing Report December 2022 PricewaterhouseCoopers LLP,500 Woodward Ave,Detroit,MI T:313-394-6000, Report of Independent Accountants Report of Independent Accountants To the Management of Ford Motor Company We have examined the ac

51、companying management assertion of Ford Motor Company that,between January 1,2021 and August 31,2022,$2.16 billion of the net proceeds of$2.48 billion from the November 2021 issuance of the$2.50 billion 3.25%Notes due February 12,2032 were allocated to Eligible Projects for Clean Transportation in a

52、ccordance with the Eligibility Criteria as defined in the management assertion.Ford Motor Companys management is responsible for its assertion.Our responsibility is to express an opinion on managements assertion based on our examination.Our examination was conducted in accordance with attestation st

53、andards established by the American Institute of Certified Public Accountants(AICPA).Those standards require that we plan and perform the examination to obtain reasonable assurance about whether managements assertion is fairly stated,in all material respects.An examination involves performing proced

54、ures to obtain evidence about managements assertion.The nature,timing,and extent of the procedures selected depend on our judgment,including an assessment of the risks of material misstatement of managements assertion,whether due to fraud or error.We believe that the evidence we obtained is sufficie

55、nt and appropriate to provide a reasonable basis for our opinion.We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements related to the engagement.Only the information included in the management assertion of Ford Motor Company

56、 on page 9 is part of our examination engagement.The other information in this Sustainable Financing Report 2022 has not been subjected to the procedures applied in our examination engagement,and accordingly,we make no comment as to its completeness and accuracy and do not express an opinion or prov

57、ide any assurance on such information.In our opinion,managements assertion is fairly stated,in all material respects.Detroit,Michigan December 12,2022 PricewaterhouseCoopers LLP,500 Woodward Ave,Detroit,MI T:313-394-6000, 10|Ford Sustainable Financing Report December 2022 11|Ford Sustainable Financi

58、ng Report December 2022Assumptions/Footnotes1Net proceeds of$2.48 billion from the 3.25%Notes dueFebruary 12,2032.2The 2022 model year F-150 Lightning Platinum(ext.range)and Mustang Mach-E RWD(base range)city and highway kWh/100 mile were obtained from fueleconomy.gov/and weighted 43%city,57%highway

59、 to get real-world combined kWh/100 mile,following the 2021 U.S.EPA Automotive Trends Reportmethodology(epa.gov/automotive-trends):F-150 Lightning Platinum(ext.range)51.7 kWh/100 miles and Mustang Mach-E RWD(base range)33.3kWh/100 miles.3 The estimated City and Highway kWh/100 miles forE-Transit(130

60、-inch wheelbase,low roof)were analytically derived using models based on test procedures and calculations for light-duty electric vehicles set forth in 40 CFR Part 600,with inputs reflecting E-Transit attributes including Average Loaded Vehicle Weight Engineering Test Weight(ALVWETW).Applying the EP

61、A trends report real-world weightings of 43%city and 57%highway,gives combined real-world 62.3 kWh/100 miles.Estimates are illustrative only and not representative of all driversor circumstances.Actual mileage will vary based on external environment(including ambient temperature),driving behaviors,p

62、ayload,vehicle use,vehicle,charging habits,lithium-ion battery age and state of health,vehicle upfits and alterations,and other factors.4 The U.S.average grid emissions are 440 gCO e/kWh,2 which includes emissions from electricity generation(from EPA eGRID2020,epa.gov/egrid)and upstreamemissions for

63、 fuel feedstock production andtransmission losses(from GREET 2021,greet.es.anl.gov/).6 Estimated city and highway MPG for ICEV Transit(130-inch wheelbase,low roof)analytically derived using models based on EPA test procedures and calculations for light-duty gasoline-powered vehicles set forth in 40

64、CFR Part 600,with inputs reflecting 2021 3.5L PFDI gasoline-powered Transit attributes including Average Loaded Vehicle Weight Engineering Test Weight(ALVW ETW).Applying the EPA trends report real-world weightings of 43%city and 57%highway,gives combined real-world 17.3 MPG.Estimates are illustrativ

65、e only and not representative of all drivers or circumstances.Actual mileage will vary based on external environment(including ambient temperature),driving behaviors,payload,vehicle use,vehicle,charging habits,lithium-ion battery age and state of health,vehicle upfits and alterations,and other facto

66、rs.7Lifetime CO emissions are calculated on a well-to-2 wheels basis,including CO from the ICEV tailpipe,2 ICEV fuel production,and EV electricity production.Sustainability Finance linksFrameworkFord and Ford Credit Sustainable Financing Framework November 2021Integrated Sustainability and Financial

67、 Report 2022 Helping Build a Better WorldProspectusNovember 2021 Green Bond August 2022 Green BondRatings ReportVigeo Eiris ReportAwardsClimate Bond Awards 2022 IFR Awards 20215 The comparable internal combustion engine vehicle(ICEV)MPG are the preliminary 2021 model year segment-average real-world

68、values for Car SUV(30.5 MPG)and pickup(19.4 MPG),from the 2021 U.S.EPA Automotive Trends report(epa.gov/automotive-trends).7a Lifetime miles for F-150 Lightning/Pickup(225,865)and Mustang Mach-E/Car SUV(195,264)are defined in 40 CFR 86.1865 12(k)(4)and for E-Transit/Transit useful life(150,000)in 49

69、 CFR 535.5(a)(10)(ii).7b Tailpipe(tank-to-wheels)CO emissions are 2 calculated by dividing 0.008887 metric tons CO /gallon gasoline(EPA Automotive Trends 2 Report)by the vehicle MPG and multiplying by thelifetime miles.7c Fuel production CO emissions(well-to-tank)are 2 calculated by multiplying the

70、tailpipe CO by 0.25,2 following the 2021 U.S.EPA Automotive Trends Report methodology(epa.gov/automotive-trends).7d Electricity production CO emissions are calculated 2 by multiplying the EV kWh/100 miles by the electric grid CO-intensity 0.000440 metric tons CO e/kWh 2 2 and multiplying by the life

71、time miles.8 The CO2 savings from EVs are converted to an equivalent gallons of gasoline not used based on the EPA Greenhouse Gas Equivalencies Calculator,which applies the factor 0.008887 metric tons CO2 per gallon of gasoline consumed(epa.gov/energy/greenhouse-gas-equivalencies-calculator).Disclai

72、mer The information and opinions contained in this Sustainable Financing Report are provided as of the date of this Sustainable Financing Report and are subject tochange without notice.Statements included or incorporated by reference in this Sustainable Financing Report may constitute“forwardlooking

73、 statements”within the meaning of thePrivate Securities Litigation Reform Act of 1995.Forwardlooking statements are based on expectations,forecasts and assumptions by our management and involve a number of risks,uncertainties and other factors that could cause actual results to differ materially fro

74、m those stated.Ford cannot be certain thatany expectation,forecast or assumption made in preparing forwardlooking statements will prove accurate,or that any projection will be realized.It is tobe expected that there may be differences between projected and actual results.The forwardlooking statement

75、s speak only as of the date of their initial issuance,and Ford does not undertake any obligation to update or revise publicly any forwardlooking statement,whether as a result of new information,future or otherwise.For additional discussion,see“Item 1A.Risk Factors”in Fords most recent annual report

76、on Form 10K,as updated by Fords subsequent filings with the Securities and Exchange Commission.Our registration statement(including a base prospectus)(File No.333236450),and accompanying prospectus supplement were filed with the SEC for any offering to which this communication relates,and can be found for free by visiting EDGAR on the SEC website at12|Ford Sustainable Financing Report December 2022 sec.gov.This presentation shall not be deemed an offer to sell or a solicitation of an offer to buy our securities.Ford Motor Company One American Road(207E6)Dearborn,MI 48126,U.S.A