- Climate-related extreme weather events impacting supply chains and crop yields
- Increased regulation of water and fertilizer use
- Costs of developing new low-emission technologies
- High energy prices impacting operating costs
- Supply chain disruptions due to various factors (geopolitical, pandemic, etc.)
AGCO Corporation
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 64.1K tCO2e (manufacturing); 79541 tCO2e (complete portfolio); Scope 2: 28.8K tCO2e (market-based manufacturing); 37999 tCO2e (market-based complete portfolio); Scope 3: 21.4M tCO2e (estimated). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
39% (manufacturing)
of total energy
Water Usage
512.1K m³ (municipal) + 339338 m³ (other) (manufacturing)
2023
Waste
93.3K metric tons (total); 83839 metric tons (non-hazardous)
2023
Energy Use
2.2M GJ (manufacturing); 2505470 GJ (complete portfolio)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 64.1K tCO2e (manufacturing); 79541 tCO2e (complete portfolio) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.8K tCO2e (market-based manufacturing); 37999 tCO2e (market-based complete portfolio) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 21.4M tCO2e (estimated) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 122.4K tCO2e (Scope 1 & 2 market-based) |
| 2021 | 105.3K tCO2e/year (Scope 1+2 market-based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 15% reduction in Scope 1 and 2 emission intensity and 3% reduction in absolute emissions from 2022
- 11% reduction in energy intensity since 2022
- 72% renewable electricity use across manufacturing sites
- Launched Fendt e100 Vario, the first battery-powered electric tractor
- Developed Fendt e100 Vario Range Extender concept using fuel cells
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2026
- Divert >90% non-hazardous waste from landfills by 2026
- Reach 60% renewable energy by 2026
- Increase remanufacturing revenue to 150% of 2020 baseline by 2025
- Achieve a TCIR <1.5 by 2025
📅 Medium-term
- Reduce absolute Scope 1 and 2 emissions by 55% by 2033
- Achieve 90% renewable electricity for non-manufacturing sites by 2033
- Electrify company vehicles by 2033
🔭 Long-term
- Reduce absolute Scope 1 and 2 emissions by 90% by 2050
🌱 ESG Focus Areas
Climate ChangeDecarbonizationSoil HealthAnimal WelfareHealth and SafetyWorkforce DiversityCommunity InvestmentResponsible SourcingEthics and Compliance