For AGCO, corporate social responsibility (CSR) is a core business imperative that underscores our strategy to build a more valuable enterprise. Our approach to long-term economic, social and environmental sustainability aligns with our vision to provide sustainable high-tech solutions for farmers feeding the world. To achieve that vision, we seek innovative solutions to address many of the world’s most significant challenges, including food security, farmer livelihood and resource efficiency.
Martin Richenhagen, AGCO’s Chairman, President and CEO
Our business priorities—to deliver high-tech solutions for farmers feeding the world—dovetail directly with our corporate social responsibility priorities, which include food security and improving quality of life in agrarian communities. We strive to make an impact beyond the communities where we do business, whether through charitable donations, volunteer efforts, or business initiatives. Helping improve quality of life for people worldwide in a sustainable way is part of our cultural DNA.
At its core, our business is about helping farmers provide food, fuel and fiber to the world’s more than 7 billion inhabitants. We view this as an opportunity to both grow our business and help solve one of the world’s most critical needs—a more sustainable food system with improved food production, storage and access to market.
AGCO plays a unique role because it is at the convergence of the agricultural product and equipment manufacturing value chain.
As we continue to pursue this opportunity, we connect with a wide range of environmental, social and economic issues on both a global and a local scale.
For AGCO, corporate social responsibility is a business imperative that helps us build long-term value by supporting our mission of profitable growth through superior customer service, innovation, quality and commitment.
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We selected AGCO’s focus areas after conducting a materiality analysis. This process led us to develop four priorities: Operations, Customers, Suppliers and Philanthropy. Each of these priorities includes high-level initiatives linked to our value creation chain.
Corporate social responsibility, with an emphasis on sustainability, is integrated throughout our business. Our CSR-related initiatives contribute to greater business value by reducing operating costs, supporting revenue generation, mitigating risk and enhancing our long-term corporate and product reputation.