Our ability to make a sustainable impact starts with understanding and responding to the changing world AGCO operates in.
In 2020, we updated our materiality assessment to identify the environmental, social, economic and governance issues that are perceived as being most important to our stakeholders. In addition, we also benchmarked the key sustainability focus areas of our peers and researched industry megatrends to establish a broad view of current sustainability issues. The resulting insights informed our sustainability approach, strategy, and reporting. This ensures that we consider the issues that matter most to our stakeholders, and identify areas where we can have the greatest influence. Our next update to our materiality assessment will take place in 2023.
For a closer look at the Materiality Matrix, see our Sustainability Report.