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AGCO Corp
AGCO's GHG Emissions Data Preview
In 2024, AGCO completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
AGCO has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind AGCO’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore AGCO’s data sources below and access millions more through our Disclosure Search.
Insights into AGCO's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAGCO amounted to134,718metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of AGCOdecreased by 17.28%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
AGCO's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are AGCO's Scope 1 emissions?
In 2024, the total Scope 1 emissions of AGCO were 64,279 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has AGCO reduced its Scope 1 emissions over time?
Since 2019, AGCO's Scope 1 emissions have increased by 167.83%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), AGCO's Scope 1 emissions decreased by 10.4%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are AGCO's Scope 2 emissions?
In 2024, AGCO reported Scope 2 greenhouse gas (GHG) emissions of 21,853 tCOâ‚‚e using the market-based method and 70,439 tCOâ‚‚e using the location-based method.a
Has AGCO reduced its Scope 2 emissions over time?
Compared to the previous year(2023), AGCO's Scope 2 emissions(Location-Based) fell by 22.69% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does AGCO use for Scope 2 reporting?
In 2024, AGCO reported its Scope 2 emissions using the market-based method and using the location-based method.a
AGCO's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into AGCO's Value Chain Emissions
In 2024, AGCO reported 22,950,748 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of AGCO includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
AGCO's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are AGCO's Scope 3 emissions?
In 2024, AGCO reported total Scope 3 emissions of 22,950,748 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 25.31%of these emissions originated from upstream activities such as purchased goods and capital goods, while 74.69%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), AGCO's Scope 3 emissions decreased by 22.26%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does AGCO disclose?
In 2024, AGCO reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of AGCO's Scope 3 emissions?
In 2024, the largest contributors to AGCO's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 17,141,863 tCOâ‚‚e(74.69%)
- Purchased Goods and Services (Cat. 1): 4,144,215 tCOâ‚‚e(18.06%)
- Upstream Transportation and Distribution (Cat. 4): 1,358,250 tCOâ‚‚e(5.92%)
AGCO's Scope 3 Emissions by Categories
Insights into AGCO’s GHG Emissions Intensity Compared to Industry Peers
In 2024, AGCO reported Scope 1 greenhouse gas (GHG) emissions of 64,279 tCOâ‚‚e and total revenues of USD 11,662 millions. This translates into an emissions intensity of 5.51 tCOâ‚‚e per millions USD.a
AGCO's Scope 1 Emissions Intensity Compared to Peers
How does AGCO's GHG emissions intensity compare to its peers?
In 2024, AGCO reported a Scope 1 emissions intensity of 5.51 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.73, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does AGCO rank on GHG emissions intensity within its industry?
In 2024, AGCO ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
AGCO is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into AGCO's Total Carbon Footprint
In 2024, AGCO reported a total carbon footprint of 23,085,466 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 22.23% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to AGCO's total carbon footprint was Scope 3 emissions, accounting for 99.42% of the company's total carbon footprint, followed by Scope 2 emissions at 0.31%.a