Summary by Moomoo AI
Green Century Capital Management, Inc. has filed Shareholder Proposal No. 7 for inclusion in Ford Motor Company's 2024 Proxy Statement, urging the automaker to enhance supply chain traceability and transparency. The proposal, supported by Ford stockholder Mr. Zane Behnke, calls for Ford to report on its supply chain's environmental impact, particularly concerning heavy emissions, deforestation risks, and greenhouse gas emissions. It also encourages Ford to join initiatives promoting low-carbon steel and aluminum production. Despite Ford's sustainability efforts, including a target for carbon neutrality by 2050 and mass production of electric vehicles, the proposal highlights the need for more action on supply chain risks, deforestation, and reputational risks. The proposal emphasizes the importance of Ford's participation in multi-stakeholder initiatives and the adoption of measures to secure low-carbon materials and mitigate deforestation risks. Green Century Capital Management, Inc. recommends shareholders vote in favor of the proposal to ensure Ford develops a comprehensive plan to address these risks and protect long-term shareholder value.