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The automotive leader has a strong track record of water use reductions in its manufacturing operations and an aggressive goal to reduce water use even further – by 30 percent per vehicle by 2015. But many at Ford and a number of its stakeholders (including the company’s Ceres stakeholder advisory team) see growing water competition and scarcity as a potential economic game-changer – with big implications for the auto industry.

But water is critical to a number of manufacturing steps, including vehicle painting, where large volumes of water are traditionally used to rinse cars, ensuring that not a speck of dust ruins that perfect paint job. Water use also can be high in the automotive supply chain, particularly in making raw materials such as steel and aluminum. Ford also has identified that the energy sources used to power its vehicles (gasoline, electric power or biofuels) play an incredibly important role in determining the water footprint of its vehicles, because of the large amounts of water required for fuel production and power generation.

Ford and Microsoft were among investors in a $1 billion green bond launched last week to support "climate smart" investments in emerging markets.

Proceeds of IFC green bonds are used for private sector investments in renewable energy, energy efficiency and other areas that reduce greenhouse gas emissions, such as installing solar and wind power capacity and providing financing for technology that helps produce energy more efficiently.

IFC said in a statement that the bond transaction, jointly led by BofA Merrill Lynch, Citigroup, Crédit Agricole CIB and SEB, was heavily oversubscribed and sized to address the demand from "an increasing number of investors interested in climate-related opportunities."