AGCO Corp
AGCO's GHG Emissions Data Preview
In 2023, 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 4 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into AGCO's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of AGCO amounted to 176,815 metric 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of AGCO increased by 2.72%, suggesting that the company faced challenges in reducing its emissions from its core operations.
AGCO's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are AGCO's Scope 1 emissions?
In 2023, the total Scope 1 emissions of AGCO were 79,541 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has AGCO reduced its Scope 1 emissions over time?
Since 2018, AGCO's Scope 1 emissions have increased by 120.95%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), AGCO's Scope 1 emissions decreased by 1.34%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are AGCO's Scope 2 emissions?
In 2023, AGCO reported Scope 2 greenhouse gas (GHG) emissions of 37,999 tCOâ‚‚e using the market-based method, and 97,274 tCOâ‚‚e using the location-based method.
Has AGCO reduced its Scope 2 emissions over time?
Compared to the previous year (2022), AGCO's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that AGCO 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does AGCO use for Scope 2 reporting?
In 2023, AGCO reported its Scope 2 emissions using the market-based method and using the location-based method.
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 2023, AGCO reported 29,520,581 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of AGCO includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
AGCO's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are AGCO's Scope 3 emissions?
In 2023, AGCO reported total Scope 3 emissions of 29,520,581 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 27.39% of these emissions originated from upstream activities such as purchased goods and capital goods, while 72.61% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), AGCO's Scope 3 emissions remained relatively stable, indicating that AGCO 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does AGCO disclose?
In 2023, AGCO reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to AGCO's Scope 3 emissions were:
- Use of Sold Products (Cat. 11): 21,435,904 tCOâ‚‚e (72.61%)
- Purchased Goods and Services (Cat. 1): 5,677,222 tCOâ‚‚e (19.23%)
- Upstream Transportation and Distribution (Cat. 4): 2,024,277 tCOâ‚‚e (6.86%)
AGCO's Scope 3 Emissions by Categories
Insights into AGCO's Total Carbon Footprint
In 2023, AGCO reported a total carbon footprint of 29,697,396 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.15% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to AGCO's total carbon footprint was Scope 3 emissions, accounting for 99.4% of the company's total carbon footprint, followed by Scope 2 emissions at 0.33%.