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 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, the company has committed to reducing absolute Scope 1 and 2 emissions by 55% by 2033 and by 90% by 2050, using 2022 as the base year. In addition, AGCO has established Science Based Targets initiative (SBTi) targets, committing to a 42% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2022 baseline. These targets align with the necessary reductions to limit global warming to 1.5°C. AGCO's sustainability efforts are supported by initiatives aimed at resource conservation, smart manufacturing, and a transition to 60% renewable energy across its manufacturing operations. The company continues to monitor and report its emissions data, demonstrating a commitment to transparency and accountability in its climate strategy.
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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.
Top Scope 3 Categories
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