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| Overall Assessment |
Comment |
Score |
| Strong |
AGCO Corp provides moderate transparency around its climate-related lobbying. The company clearly names its involvement in the “Plan for adaptation and low carbon emission in agriculture” strategy, detailing focus areas such as “regenerative practices and sustainable productions of animal protein” and “specific financing for equipment with solar energy and destination of manure as biological fertilizer,” but it does not identify additional specific policies. AGCO outlines multiple channels for its engagements, including collaboration with trade associations like the European Agricultural Machinery Association and the Association of Equipment Manufacturers, “engaging directly with policymakers,” and “participating in working groups coordinated by the Agriculture Ministry,” thereby naming a policymaking body it targets. Finally, the company articulates three distinct outcomes it seeks—promoting regenerative practices, financing solar-powered equipment, and advancing manure as biological fertilizer—demonstrating clear objectives tied to its policy efforts.
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3
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| Overall Assessment |
Comment |
Score |
| Strong |
AGCO has a strong governance process for climate lobbying, anchored in a dedicated government affairs function that “reports into Senior Vice President General Counsel & Corporate Secretary” and is charged to “Provide oversight of regulatory, compliance and governmental matters that may impact the Company, and at least annually review the Company’s government affairs strategies and priorities, the Company’s political expenditures, if any, and lobbying activities.” This function “closely monitors government policies linked to climate change and communicates them within AGCO to senior management and other internal stakeholders for example, tracking the Green New Deal and its associated strategies,” while also “coordinating AGCO’s activities with trade associations, which also monitor and report on climate change initiatives of relevance to the manufacturing and agriculture sectors.” By “linking government affairs and the global sustainability functions together, a joined-up engagement process to climate change is created,” the company “enables AGCO to align government climate change policies with AGCO strategies and activities,” thereby ensuring that both its direct advocacy and its representation through industry bodies are reviewed and aligned with its climate priorities. However, we found no evidence of a public commitment to conduct engagement in line with the goals of the Paris Agreement, nor does the company disclose an external audit or dedicated report reviewing its climate-lobbying alignment.
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3
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