Energy Efficiency, GHG Emissions, Industrial - March 25, 2024
AGCO Sets Emission Goals
AGCO Corporation, a global company that designs, manufactures and distributes agricultural machinery and precision ag technology, plans to lower Scope 1 and 2 absolute emissions 55% by 2030 and 90% by 2050.
The company exceeded its initial emissions-reduction target in 2022, while in 2023, AGCO continued to make progress on its sustainability commitments across the business. Details were released in its 2023 Sustainability Report: Farmer First. Future Focused.
"When farmers win, AGCO wins," said Eric Hansotia, AGCO Chairman, President & CEO, in a statement. "Our Farmer-First strategy is about understanding farmers' pain points so we can better serve them. This year's Sustainability Report highlights progress on commitments in our own operations and the many solutions at work and in development to help farmers sustainably feed the world."
The path toward decarbonization begins in AGCO's manufacturing plants and extends to farmers' fields - the company serves farmers with a choice of clean energy solutions, from electrifying lower horsepower products to developing hydrogen- and biomethane-compatible powertrains.
Examples of the company's innovation in 2023 include the launch of the first battery-electric tractor, the Fendt e107 V Vario, and the award-winning CORE75 AGCO Power engine, which, like all AGCO Power engines, can run on hydrotreated vegetable oil.
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