AGCO Releases 2021 Sustainability Report
30 März 2022 - 6:10PM
Business Wire
Major Step Forward in Sustainability Includes
Global Climate Risk Assessment
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology, this week released its 2021 Sustainability Report.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220330005681/en/
AGCO releases 2021 Sustainability Report.
Farmer with tablet examines wheat crop. (Photo: Business Wire)
“In 2020, we established AGCO’s sustainability strategy and have
made meaningful progress in 2021 against our goals,” said Eric
Hansotia, AGCO’s Chairman, President and CEO. “These early results
have confirmed that our commitment to precision agriculture
innovation places us on the right path to addressing
sustainability.”
The report shares insights into our sustainability
transformation as we drive action across our four strategic
priorities of advancing soil health and soil carbon sequestration
through smart solutions; decarbonizing our operations and products;
elevating employee health and safety; and prioritizing animal
welfare in food production. It represents a significant step
forward in measuring and demonstrating our progress against our
goals and commitments set in 2020, including:
- Completing a global climate risk assessment and disclosing
against the Task Force on Climate-related Financial Disclosures
(TCFD) framework in inaugural TCFD report.
- 13% reduction in GHG emission intensity (scope 1 and 2)
- 52% renewable electricity use, up from 40% and 32% renewable
energy use, up from 27%.
“Our 2021 Sustainability Report shows AGCO is committed to
accelerating progress in sustainability into our design,
manufacturing, and distribution of smart agricultural solutions
across the entire value chain,” said Roger Batkin, Senior Vice
President, General Counsel, Chief ESG Officer, and Corporate
Secretary. “Moreover, we are committed to helping farmers adopt
tools and practices that are as good for the planet as they are for
their businesses.”
For more information on ACGO’s sustainability approach, please
visit https://www.agcocorp.com/commitment/sustainability.html
About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Challenger®, Fendt®,
GSI®, Massey Ferguson® and Valtra®. Powered by Fuse® smart farming
solutions, AGCO’s full line of equipment and services help farmers
sustainably feed our world. Founded in 1990 and headquartered in
Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021.
For more information, visit www.AGCOcorp.com. For company news,
information and events, please follow us on Twitter: @AGCOCorp. For
financial news on Twitter, please follow the hashtag #AGCOIR.
Please visit our website at www.agcocorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220330005681/en/
Press contact Aryn Drawdy Corporate Communications
Director aryn.drawdy@AGCOcorp.com
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