Agco
AGCO Corporation, commonly referred to as AGCO, is a leading global manufacturer of agricultural equipment headquartered in the United States. Founded in 1990, AGCO has established a strong presence in key operational regions, including North America, Europe, and Asia, providing innovative solutions to farmers worldwide. Specialising in a diverse range of products, AGCO offers tractors, combines, and precision agriculture technologies under well-known brands such as Massey Ferguson, Fendt, and Valtra. Their commitment to advanced engineering and sustainability sets them apart in the competitive agricultural industry. With a focus on enhancing productivity and efficiency, AGCO has achieved significant milestones, including numerous awards for innovation and sustainability. As a prominent player in the agricultural sector, AGCO continues to drive advancements that support modern farming practices.
DitchCarbon Score
How does Agco's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Agco's score of 70 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Agco's reported carbon emissions
In 2024, AGCO Corporation reported total greenhouse gas emissions of approximately 64,876,000 kg CO2e, which includes 48,377,000 kg CO2e from Scope 1 and 16,499,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, with 17,141,863,000 kg CO2e attributed to the use of sold products and 4,144,215,000 kg CO2e from purchased goods and services. AGCO has set ambitious climate commitments, aiming for a 20% reduction in greenhouse gas emissions intensity by 2026 compared to a 2020 baseline. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, AGCO plans to decrease absolute Scope 1 and 2 emissions by 55% by 2033 and by 90% by 2050, using 2022 as the base year. The company’s targets have been validated by the Science Based Targets initiative (SBTi), committing to a 42% reduction in Scope 1 and 2 emissions by 2030 from the same 2022 baseline. AGCO's initiatives include transitioning to 60% renewable energy across its manufacturing operations and implementing smart manufacturing practices to enhance efficiency and reduce waste. AGCO's emissions data and climate commitments reflect its dedication to sustainability and reducing its carbon footprint in the agricultural sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 50,269,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 50,259,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Agco is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
