AGCO

No leading practices were identified for the company in the governance and strategy measurement area.

No leading practices were identified for the company in the environment measurement area.

No leading practices were identified for the company in the nutrition measurement area.

No leading practices were found for the company in the social inclusion measurement area.

Sustainable development strategy
As part of its sustainability strategy, AGCO has identified four priority areas covering topics in the environment and social inclusion measurement areas. The company sets targets under each area and reports on progress. However, no targets related to nutrition were found, highlighting a key opportunity for AGCO to further strengthen its sustainability strategy.

Governance and accountability for sustainable development
The board of directors is responsible for the overall corporate governance at AGCO, which includes oversight of sustainability and corporate responsibility. The company also discloses that the Governance Committee reviews its social, environmental and sustainability initiatives. However, AGCO does not demonstrate that remuneration for the board or executives is tied to sustainability objectives.

Stakeholder engagement
While AGCO demonstrates it has conducted stakeholder engagement activities and discloses an overview of the issues raised via these activities, it has an opportunity to disclose how it identifies its most relevant stakeholders, along with information on how the outcomes of engagement activities are integrated into the company’s sustainability strategy.

Scope 1 and 2 greenhouse gas emissions
AGCO provides qualitative evidence of efforts to reduce its emissions and has set a 2026 target to reduce its GHG emissions intensity by 20% against a 2020 baseline. However, no reporting against this target was found.

Scope 3 greenhouse emissions
AGCO does not disclose quantitative evidence to demonstrate that it is reducing its scope 3 GHG emissions.

Soil health and agrobiodiversity
AGCO discloses evidence of developing smart farming solutions that can improve soil health. However, the company has an opportunity to strengthen its commitment by providing quantitative information on the impact of its products on soil health as well as setting targets to increase the sales or share of products that improve soil health.

Water use
AGCO does not disclose that it is reducing water withdrawals across its operations.

Availability, accessibility and affordability of healthy foods
ACGO has a commitment to address food insecurity and discloses examples of philanthropic activities through the AGCO Agriculture Foundation. However, the company has an opportunity to develop value chain partnerships or projects aimed at addressing food security and the accessibility of healthy and nutritious foods. Moreover, while the company demonstrates it enables improved yields and productivity with its products, it does not demonstrate how it contributes to an increased availability of healthy and nutritious foods. AGCO has an opportunity to disclose commitments and activities aimed at improving the availability of healthy and nutritious foods.

Workforce nutrition
AGCO does not disclose a workforce nutrition programme that prioritises making healthy foods the standard in the workplace.

Farmer and fisher productivity and resilience
AGCO supports marginalised farmers and vulnerable populations through its Future Farm team, which provides education on modern farming techniques. However, the company has an opportunity to demonstrate that it is measuring the impact of its activities and report on these externally.

Living wage
AGCO does not disclose that it pays its workers a living wage or requires its suppliers to do the same. Neither has it set targets to do so in the future.

Child and forced labour
While AGCO prohibits the use of forced labour in its supply chain, it states it ‘strives for prohibition’ of child and forced labour in its human rights policy. AGCO has an opportunity to strengthen this policy by committing to prohibit child and forced labour in its operations.

AGCO commits to respecting the human rights of workers and provides grievance mechanisms for workers and third parties. While the company addresses the ILO core labour right in its Global Human Rights Policy, no formal commitment to respect these rights in its operations and supply chain was found. Moreover, the company does not provide evidence of a due diligence process and does not demonstrate how it engages with affected and potentially affected stakeholders.

AGCO commits to respecting the health and safety of its workers and places health and safety expectations on its business relationships. However, the company does not disclose how it monitors health and safety in the supply chain, nor does it report on the main types of injuries and high-consequence injury rate in the workplace. AGCO commits to gender equality and has set a target to increase women in leadership. However, it lacks quantitative reporting on gender pay gaps. No sufficient commitments or policies on living wages, working hours and collective bargaining were found, and the company does not provide quantitative reporting on workforce diversity.

AGCO commits to protecting personal data and has a privacy statement on the use of personal data. The company prohibits bribery and corruption in its operations and supply chain but does not disclose how it identifies related risks. In its Global Code of Conduct, the company discloses its lobbying and political engagement approach. However, it does not specify how it ensures third parties adhere to the same standard or disclose its lobbying expenses. While AGCO provides a tax strategy for the United Kingdom, no global tax strategy was found, and the company does not report on tax payments per jurisdiction.