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 31 is higher than 96% 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, headquartered in the US, reported total greenhouse gas emissions of approximately 92,894,000 kg CO2e, which includes 64,126,000 kg CO2e from Scope 1 and 28,768,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, primarily from the use of sold products (21,435,904,000 kg CO2e) and purchased goods and services (5,677,222,000 kg CO2e). In 2022, AGCO's emissions were approximately 95,804,000 kg CO2e, with Scope 1 emissions at 62,073,000 kg CO2e and Scope 2 emissions at 33,731,000 kg CO2e. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a lack of formalised commitments to reduce emissions at this time. AGCO's emissions intensity, measured as greenhouse gas emissions per million USD in net sales, was approximately 6.45 kg CO2e in 2023, reflecting the company's ongoing efforts to manage its carbon footprint in the agricultural machinery sector.
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Add to project| 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 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.
