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 46 is higher than 98% 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 2023, AGCO Corporation reported total greenhouse gas emissions of approximately 64,126,000 kg CO2e for Scope 1 and 28,768,000 kg CO2e for Scope 2, resulting in a combined total of about 92,894,000 kg CO2e for these scopes. The company also disclosed significant Scope 3 emissions, with the use of sold products contributing approximately 21,435,904,000 kg CO2e. AGCO has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 GHG emissions by 55% by 2033 and by 90% by 2050, using 2022 as the baseline year. Additionally, the company targets a 20% reduction in GHG emissions intensity across its manufacturing operations by 2026, compared to a 2020 baseline. This includes a commitment to shift to 60% renewable energy in its manufacturing processes. Furthermore, AGCO has established near-term targets to reduce Scope 1 and 2 emissions by 42% by 2030, reflecting its alignment with science-based targets to limit global warming to 1.5°C. These initiatives underscore AGCO's commitment to sustainability and its proactive approach to addressing climate change.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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 |
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.
