AGCO Releases 2020 Sustainability Report
March 24 2021 - 8:00AM
Business Wire
Company Prioritizes Soil Health,
Decarbonization, Employee Safety and Animal Welfare
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology, Monday released its 2020 Sustainability Report
https://ar2020.agcocorp.com/sustainability/. Included in the report
is a range of goals and commitments, such as its target to reduce
greenhouse gas emissions across its manufacturing operations by 20
percent by the end of 2026.
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AGCO releases 2020 Sustainability Report
(Photo: Business Wire)
The Sustainability Report, the first published by AGCO since
2014, follows AGCO`s announcement in October 2020 of a global
sustainability function and comes on the heels of its new
farmer-first strategy, which was unveiled earlier this month and
includes sustainability as a key component.
“AGCO’s new vision and purpose reinforce our commitment to rapid
innovation and the evolution of precision agriculture solutions to
help farmers produce more with less environmental impact,” said
Eric Hansotia, AGCO’s Chairman, President and CEO. “The agriculture
industry has the opportunity—and responsibility—to think big and
act bigger. Our new sustainability strategy will be the launch pad
for focused creativity and innovation in the years to come.”
AGCO is focusing its sustainability efforts in four key
areas:
- Soil health and soil-carbon sequestration, with a pledge to
develop new sensors and other technologies to improve soil
health
- Decarbonization of facilities and products, such as attaining
60 percent use of renewable energy in internal operations by 2026
and delivering a fully electric Fendt tractor by 2025
- Employee health, safety and well-being, including a commitment
to improve its recordable injury rate year on year
- Animal welfare, which includes the formation of an advisory
group of animal welfare experts to help guide the company’s
efforts.
“AGCO has made significant progress in designing innovative
products, creating operational efficiencies, and providing
agronomic expertise to farmers,” said Louisa Parker-Smith, AGCO’s
Director of Global Sustainability. “With our new, focused approach,
we are committed to building on these strengths to create even more
value for farmers while committing to help and protect our
environment.”
For more information on ACGO’s sustainability initiatives,
please visit https://ar2020.agcocorp.com/sustainability/.
About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Challenger®, Fendt®,
GSI®, Massey Ferguson® and Valtra®. Powered by Fuse® smart farming
solutions, AGCO’s full line of equipment and services helps farmers
sustainably feed our world. Founded in 1990 and headquartered in
Duluth, Georgia, USA, AGCO had net sales of $9.1 billion in 2020.
For more information, visit www.AGCOcorp.com. For company news,
information and events, please follow us on Twitter: @AGCOCorp. For
financial news on Twitter, please follow the hashtag #AGCOIR.
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version on businesswire.com: https://www.businesswire.com/news/home/20210324005194/en/
Cristiane Masina Global Corporate Communications Manager
cristiane.masina@AGCOcorp.com
AGCO (NYSE:AGCO)
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