In 2024, Deere & Co 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).
Deere & Co has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 353,900a | 410,000a | 418,200a | |
Total Scope 2 | ||||
Market-Based | 224,000a | 280,000a | 298,500a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 81,736,000a | 97,383,000a | 98,224,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.0054a | 6.8052a | 8.1549a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Deere & Co amounted to 577,900 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Deere & Co decreased by 16.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Deere & Co were 353,900 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Deere & Co's Scope 1 emissions have decreased by 8.91%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Deere & Co's Scope 1 emissions decreased by 13.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Deere & Co reported Scope 2 greenhouse gas (GHG) emissions of 224,000 tCO₂e using the market-based method.a
Since 2019, Deere & Co's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 61.95%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Deere & Co's Scope 2 emissions (Market-Based) fell by 20% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Deere & Co reported its Scope 2 emissions using the market-based method.a
In 2024, Deere & Co reported 81,736,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Deere & Co includes a breakdown across 2 of 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
In 2024, Deere & Co reported total Scope 3 emissions of 81,736,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 6.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.23% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Deere & Co's Scope 3 emissions decreased by 16.07%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Deere & Co reported emissions for 2 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.
In 2024, the largest contributors to Deere & Co's Scope 3 emissions were:a
In 2024, Deere & Co reported Scope 1 greenhouse gas (GHG) emissions of 353,900 tCO₂e and total revenues of USD 50,518 millions. This translates into an emissions intensity of 7.01 tCO₂e per millions USD.a
In 2024, Deere & Co reported a Scope 1 emissions intensity of 7.01 tCO₂e per millions USD. Compared to the peer group median of 7.2, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Deere & Co ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Deere & Co is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Deere & Co reported a total carbon footprint of 82,313,900 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Deere & Co's total carbon footprint was Scope 3 emissions, accounting for 99.3% of the company's total carbon footprint, followed by Scope 1 emissions at 0.43%.a