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 65 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Agco's reported carbon emissions
In 2023, AGCO Corporation reported total greenhouse gas emissions of approximately 80,216,000 kg CO2e from Scope 1 and Scope 2 combined. This includes 57,420,000 kg CO2e from Scope 1 and 22,796,000 kg CO2e from Scope 2 (market-based). The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 42% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2022 as the baseline year. Additionally, AGCO aims to measure and reduce its Scope 3 emissions, which encompass indirect emissions from its value chain. In 2022, AGCO's emissions were reported at approximately 86,424,000 kg CO2e for Scope 1 and Scope 2 combined, indicating a proactive approach towards sustainability. The company is focused on aligning its emissions reduction strategies with the Science Based Targets initiative (SBTi), ensuring that its targets are consistent with the global goal of limiting temperature rise to 1.5°C. AGCO's commitment to sustainability is further reflected in its ongoing efforts to enhance operational efficiency and reduce its carbon footprint across all scopes of emissions. The company continues to engage in initiatives aimed at improving its environmental performance while supporting the agricultural sector's transition towards more sustainable practices.
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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 committed to some reduction initiatives 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.
