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 68 is higher than 99% 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 2022, AGCO Corporation, headquartered in the US, reported significant greenhouse gas emissions, with Scope 1 emissions totalling approximately 34,187,000 kg CO2e and Scope 2 emissions amounting to about 19,555,000 kg CO2e (market-based). The company has set ambitious targets to reduce its carbon footprint, aiming for a 55% reduction in absolute Scope 1 and 2 GHG emissions by 2033, and a remarkable 90% reduction by 2050, using 2022 as the baseline year. Additionally, AGCO has committed to a near-term target of achieving a 20% reduction in GHG emissions intensity across its manufacturing operations by 2026. This commitment aligns with their broader strategy to measure and mitigate Scope 3 emissions as well. AGCO's targets have been validated by the Science Based Targets initiative (SBTi), confirming their alignment with the necessary reductions to limit global warming to 1.5°C. The company is actively working towards these goals, reflecting its commitment to sustainability and climate responsibility 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 | 00,000,000 |
| Scope 2 | 50,259,000 | 00,000,000 | 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.
