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evaluate the role of stakeholders in greenwashing using the below case study. ford sustainable finance report: Ford Motor Company is committed to sustainability and accelerating the electrification revolution. The company launched its Sustainable Financing Framework in $2021,$ focusing on vehicle electrification and environmental and social initiatives. The first Green Bond was issued in August $2022,$ and Ford is now reporting on progress in allocating proceeds. The company aims to be fully carbon neutral worldwide by $2050$ and has pledged to have $50\%$ of its global vehicle mix fully electric by $2030.$ The Sustainable Financing Framework supports financing these projects through various funding markets, including unsecured debt and securitization transactions. The first Green Bond was recognized by the Climate Bonds Initiative as the largest green bond from a non$-$financial U$.$S$.$ corporation to date. Ford's Green Bond won the Green Debt Instruments Category at the $7$th Annual Climate Bonds Awards $2022$ and was a key part of Ford being named Corporate Issuer of the Year at the $2021$ IFR Awards.

Ford's sustainability strategy focuses on making a positive contribution to society and the environment, aiming to reach carbon neutrality no later than $2050$ by reducing emissions from operations and the entire supply chain. The company is reimagining how electric vehicles $($EVs$)$ are designed, manufactured, and recycled, creating an all$-$new electric vehicle manufacturing ecosystem. Ford is also working closely with suppliers to reduce carbon emissions and help the people and communities around them thrive.

The Sustainable Financing Framework announced in November $2021,$ on the sixth anniversary of the Paris Climate Agreement, focuses on ambitious plans in clean transportation, clean manufacturing, making lives better, and community revitalization. Ford issued an inaugural Green Bond in November $2021,$ a $$2\mathrm{.}50$ billion transaction, and a second Green Bond of $$1\mathrm{.}75$ billion in August $2022.$ The financing will be allocated and invested in areas such as related sustainable financing initiatives, improving the environmental footprint of operations, advancing economic opportunity and equity for underrepresented and$/$or disadvantaged populations, and offering automotive financing products and wholesale loans for vehicles purchased by Ford Credit.

In conclusion, Ford's commitment to sustainability and the Paris Climate Agreement has led to the issuance of two Green Bonds, demonstrating Ford's commitment to a sustainable future.

Ford Motor Company has allocated $$2\mathrm{.}16$ billion of the net proceeds from its first two Green Bonds to Clean Transportation projects, specifically focused on the design, development, and manufacture of its electric vehicle portfolio. Between January $1,2021,$ and August $31,2022,87\%$ of the first Green Bond's net proceeds have been allocated, with the remaining $13\%$ expected to be allocated before the end of $2022.$ Approximately $83\%$ of the spending has been allocated to investments into specific products in Ford's EV lineup, such as the Mustang Mach$-$E$,$ F$-150$ Lightning, and E$-$Transit. The remaining $17\%$ has been allocated to development activities that will benefit the entire EV portfolio, including the development of eDrive motors and the unique tech stack architecture required for electric vehicles. Ford has also allocated about $$55$ million of spending to Ion Park, its Battery R&D Center in Michigan.

The financing allocated contributes to sustainability and helps build a better world by reducing carbon dioxide emissions by up to $60\%$ compared to driving a similar internal combustion engine vehicle $($ICEV$).$ The management assertion states that between January $1,2021,$ and August $31,2022,$ $$2\mathrm{.}16$ billion of the net proceeds of $$2\mathrm{.}48$ billion from the November $2021$ issuance of the $$2\mathrm{.}50$ billion $3\mathrm{.}25\%$ Notes due February $12,2032$ were allocated to Eligible Projects for Clean Transportation. These projects include research and development dedicated to zero$-$emission EVs and technology, manufacturing facilities, and projects related to the manufacturing and$/$or procurement of components for electric vehicles.

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