AGCO Releases First Sustainability Report
27 Settembre 2012 - 8:35PM
Business Wire
AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide
manufacturer and distributor of agricultural equipment, today
announced the release of its first global sustainability report.
The report describes AGCO’s approach to enhancing the
sustainability of its business processes and global agriculture. It
presents data supporting the strategy and updates progress towards
change. “At AGCO, sustainability is vital to our vision to offer
high-tech solutions for farmers feeding the world,” said Martin
Richenhagen, Chairman, President and CEO of AGCO. “We are in a very
unique position to impact sustainability along the manufacturing
and agricultural value chains. We developed our approach to provide
the best impact to both.”
In 2011, AGCO kicked off a comprehensive corporate
sustainability initiative. The company developed a plan to invest
in projects and program development in areas that will reduce
operating expenses, develop revenue opportunities, and reduce
operating risks.
“We are working to integrate sustainability into our operations
by continuously improving resource management. Our employees
throughout the world are key partners in this journey and we will
look to them for new ideas to enhance efficiency, reduce costs,
eliminate waste and create whole-farm technology solutions for our
customers,” continued Richenhagen.
The company is already working to design and develop solutions
that address the evolving needs of farmers and reduce environmental
impacts. The report, which aligns with the Global Reporting
Initiative™, includes company accomplishments such as:
- Downstream-focused innovation: In 2011,
AGCO directed $275.6 million to research and engineering, a 25.5%
increase over 2010.
- Operations: Among AGCO’s largest
wholly-owned sites, more than half are certified to ISO 14001
and/or the EU Eco-Management and Audit Scheme. Going forward AGCO
will monitor and report energy use by source and develop an energy
management program that drives efficiency and cost saving across
its organization.
- Supplier relations: AGCO released the
company’s Supplier Code of Conduct to build and strengthen
relationships with preferred suppliers that support quality,
environmental stewardship and high labor standards.
During the first half of 2012 AGCO began building the structures
to drive accountability for its performance. AGCO’s development and
progress will be disclosed yearly in the company’s sustainability
report.
The full report can be accessed at
http://www.agcocorp.com/company/sustainability.aspx.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader
focused on the design, manufacture and distribution of agricultural
machinery. AGCO supports more productive farming through a full
line of tractors, combines, hay tools, sprayers, forage equipment,
tillage, implements, grain storage and protein production systems,
as well as related replacement parts. AGCO products are sold
through four core machinery brands, Challenger®, Fendt®, Massey
Ferguson® and Valtra® and are distributed globally through 3,100
independent dealers and distributors in more than 140 countries
worldwide. Retail financing is available through AGCO Finance for
qualified purchasers. Founded in 1990, AGCO is headquartered in
Duluth, GA, USA. In 2011, AGCO had net sales of $8.8 billion.
http://www.AGCOcorp.com
Safe Harbor Statement
Statements which are not historical facts, including
expectations regarding the development and sales of products in
this region, are forward-looking and subject to risks that could
cause actual results to differ materially from those suggested by
the statements. These risks include possible declines in demand for
products as a result of weather, demand and other conditions that
impact farm income, actions by producers of competitive products,
and the general risks attendant to acquisitions. Further
information concerning these and other factors is included in
AGCO’s filings with the Securities and Exchange Commission,
including its Form 10-K for the year ended
December 31, 2011. AGCO disclaims any obligation to
update any forward-looking statements except as required by
law.
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