The report shares insights into sustainability transformation as the company drives action across its four strategic priorities of advancing soil health and soil carbon sequestration through smart solutions
AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, has recently released its 2021 Sustainability Report.
“In 2020, we established AGCO’s sustainability strategy and have made meaningful progress in 2021 against our goals,” said Eric Hansotia, AGCO’s Chairman, President and CEO. “These early results have confirmed that our commitment to precision agriculture innovation places us on the right path to addressing sustainability.”
The report shares insights into sustainability transformation as the company drives action across its four strategic priorities of advancing soil health and soil carbon sequestration through smart solutions; decarbonising our operations and products; elevating employee health and safety; and prioritising animal welfare in food production. It represents a significant step forward in measuring and demonstrating our progress against our goals and commitments set in 2020, including:
- Completing a global climate risk assessment and disclosing against the Task Force on Climate-related Financial Disclosures (TCFD) framework in inaugural TCFD report.
- 13 per cent reduction in GHG emission intensity (scope 1 and 2)
- 52 per cent renewable electricity use, up from 40 per cent and 32 per cent renewable energy use, up from 27 per cent.
“Our 2021 Sustainability Report shows AGCO is committed to accelerating progress in sustainability into our design, manufacturing, and distribution of smart agricultural solutions across the entire value chain,” said Roger Batkin, Senior Vice President, General Counsel, Chief ESG Officer, and Corporate Secretary.
