Agco Sustainability Profile
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 83% 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 49,550,000 kg CO2e, which includes emissions from both Scope 1 and Scope 2. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 55% by 2033 and by 90% by 2050, using 2022 as the baseline year. Additionally, AGCO is targeting a 20% reduction in greenhouse gas emissions intensity across its manufacturing operations by 2026, compared to a 2020 baseline. The breakdown of AGCO's emissions for 2024 includes approximately 48,377,000 kg CO2e from Scope 1 and 16,499,000 kg CO2e from Scope 2, with Scope 3 emissions not disclosed. The company is also committed to achieving a 42% reduction in Scope 1 and Scope 2 emissions by 2030, as validated by the Science Based Targets initiative (SBTi). AGCO's sustainability strategy includes initiatives such as resource conservation, smart manufacturing practices, and a shift towards 60% renewable energy in its operations. These efforts reflect AGCO's commitment to addressing climate change 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 |
How Carbon Intensive is Agco's Industry?
How Carbon Intensive is Agco's Location?
Agco's Scope 3 Categories Breakdown
Agco's Scope 3 emissions, which decreased by 22% last year and decreased by approximately 7% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 75% of Scope 3 emissions.
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Agco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Agco has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Agco's sustainability data and climate commitments