New Guinness® World Record - World’s Biggest Bug Hotel

 

DUROR, Scotland-Monday 4 April 2022

(GLOBE NEWSWIRE) -- On Monday 28th March 2022, conservation company Highland Titles achieved a new GUINNESS WORLD RECORD® for the world’s biggest bug/insect hotel, which means Highland Titles are “Officially Amazing!”®

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6d0e716-dbd2-4737-934d-660fac898b70

The 199.9 cubic metre structure is located on the Highland Titles Nature Reserve at Duror in the Scottish Highlands and already houses a variety of species. It breaks the previous world record of 89.37 cubic metres, which was held by the Polish Association of Developers in Warsaw, Poland.

The world record-breaking bug hotel was made using felled sitka spruce from the nature reserve, masonry bricks, bamboo canes, wood chips, forest bark, wildflower seeds, clay pipes and strawberry netting.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8f7ca5a3-5c5c-4d71-a475-daceb2ca6aff

“This record-breaking initiative is about the environmental message,” says Douglas Wilson, CEO of Highland Titles. “We bought this land in 2006 when it was a poorly performing commercial forestry plantation of non-native Sitka Spruce.

“Like much of the Highlands, it was inappropriately planted in the late 1980s with no thought or consideration given to biodiversity. Using these same trees for something that puts nature first symbolises that the world has changed, and we hope our efforts will inspire others. We’d be delighted if someone beat our record in the future!”

Nature Reserve Manager, Stewart Borland, was part of a team of 7 who were involved in its construction which started in September 2021 and was completed in early March 2022. In addition to the environmental message, Mr Borland hopes that it encourages people to visit:

“In 2019, we had more than 10,000 visitors to the nature reserve from all over the world. The pandemic really put a dent in our visitor numbers, so we hope that this - together with the new track which is adored by cyclists - will encourage people to visit now that travel is opening up again. The more visitors we get, the more people can see the work that we're doing.”

About Highland Titles

Highland Titles began in 2006 with a mission to conserve Scotland, one square foot at a time. The conservation project - now encompassing 5 nature reserves and over 800 acres of Scottish wilderness - is funded by selling gift-sized souvenir plots of land.

The Highland Titles community of souvenir plot owners are invited to style themselves as the Lords and Ladies of Glencoe™. Over 300,000 plots of land have been sold to date.

The Highland Titles Nature Reserve near Glencoe is an official 4* tourist attraction and, according to Trip Advisor, one of the most popular nature reserves in the country.

Resources

For more information on the World’s Biggest Bug Hotel, visit here
        
For more photographs or video content, please email support@highlandtitles.com with your email address, name and phone number

Douglas Wilson, CEO
douglas@highlandtitles.com

AIT Worldwide Logistics’ Global Office Network Expands to India

Rapidly growing supply chain solutions leader opens new facility in Mumbai with lean business model designed to control logistics costs, improve operational efficiency

ITASCA, Ill-Monday 4 April 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Global freight forwarder AIT Worldwide Logistics is proud to announce the opening of its newest location in the gateway city of Mumbai, India. Staffed by an initial team of 11 experienced logistics professionals, the office is the first of multiple AIT facilities slated to open in strategic locations across the Republic of India in 2022 and beyond.

According to AIT’s Chief Business Officer, Greg Weigel, expanding the company’s worldwide network of more than 100 offices enhances responsiveness to global customers shipping to and from the world’s second-most populous country.

“Establishing a dedicated team in India improves service integrity for shippers,” said Weigel. “The office’s comprehensive connection with AIT’s global operations platform allows us to provide customers with the most seamless experience possible.”

While logistics costs in India tend to be high in comparison to other nations, AIT’s Vice President of India and Middle East, Vikram Paul, said his team is countering the status quo with the establishment of a unique, lean operational model.

“By outsourcing certain areas of finance, human resources, and operational execution, we control costs while focusing on the core of our business – world-class logistics solutions for clients,” Paul said. “Keeping our operations as efficient as possible helps us make our customers more competitive. The India team is agile and experienced, but most of all, they embody a ‘start-up’ mentality that correlates with India’s emergence as a net manufacturer and exporter.”

AIT-Mumbai is already handling a broad variety of air and ocean shipments to and from China, Indonesia, North America, Poland, United Arab Emirates, and Western Europe, among others. With operations at all major airports and seaports across India, the team supports customers representing the region’s prominent automotive, consumer retail, life sciences, and technology industries.

The team in India is expected to nearly quadruple in size before the end of the year while securing additional licenses to facilitate the integrated supply chain solution services that will complement air and ocean operations.

The next AIT facility in India is expected to open in the National Capital Territory of Delhi later in 2022, with more locations to follow.

AIT Worldwide Logistics India Private Limited

Unit No. 415, A-Wing, Kanakia Wallstreet

Chakala, Andheri Kurla Road, Andheri (East)

Mumbai 400093

About AIT Worldwide Logistics

AIT Worldwide Logistics is a global freight forwarder that helps companies grow by expanding access to markets all over the world where they can sell and/or procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based supply chain solutions leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, automotive, consumer retail, food, government, healthcare, high-tech, industrial and life sciences. Backed by scalable, user-friendly technology, AIT’s flexible business model customizes door-to-door deliveries via sea, air, ground and rail — on time and on budget. With expert teammates staffing more than 100 worldwide locations in Asia, Europe and North America, AIT’s full-service options also include customs clearance, warehouse management and white glove services. Learn more at www.aitworldwide.com.

Our Mission

At AIT, we vigorously seek opportunities to earn our customers’ trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities.

Contacts

Matt Sanders

Public Relations Manager

+1 (630) 766-8300

msanders@aitworldwide.com

AIT Worldwide Logistics, Inc.

800-669-4AIT (4248)

www.aitworldwide.com

Vodafone Portugal Awards Mavenir Cloud-Native Converged Packet Core

 Mavenir becomes Vodafone’s strategic 5G Core supplier

LISBON, Portugal & READING, United Kingdom-Monday 4 April 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Vodafone Portugal, a leading telecom provider in Portugal, and Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, today announced that Vodafone Portugal will be using the MAVcore solution for its fully containerised Converged Packet Core network after the selection of Mavenir as strategic 5G Converged Core supplier.

The MAVcore family includes Mavenir’s leading-edge Converged Packet Core and Policy Control solution delivering a next-generation modernised data network. The MAVcore solution will allow the transformation to a containerised and automated cloud-native network – providing the flexibility for future mobile network evolution, including the launch of disruptive and innovative 5G Stand Alone applications for Vodafone customers in Portugal.

The 5G Converged Packet Core solution is designed with cloud-native containerised techniques providing a fully scalable and virtualised network architecture. The solution uses software running on commercial off-the-shelf (COTS) hardware that provides cost-effectiveness, flexibility, and agility. Mavenir Converged Packet Core with multi-access support (2G, 3G, 4G, 5G) allows Communication Service Providers (CSPs) like Vodafone to plan for future growth and a greater focus on security and reliability. It simplifies network transformation and enables operational efficiencies with complete automation.

Paulino Correa, Network Director, Vodafone Portugal, said; “The industry defines several steps for 5G – the first one was launched back in November – but it is the second step, the 5G Stand Alone Core, that brings the more powerful technology revolution in terms of use cases. For our strategic 5G Stand Alone Core supplier, we wanted a vendor who would have innovation at its heart and equally provide us with a technically leading converged Packet Core solution. We have been working on 5G SA with Mavenir in our lab for over 1 year and are now ready to deliver a cloud-native Packet Core platform that will transform our network and prepare it for powerful applications and differentiating use cases, as the 5G solution evolves.”

Stefano Cantarelli, Chief Marketing Officer, Mavenir, said; “Mavenir has been working with Vodafone Group across various projects and we are delighted to now be part of their next-generation Converged Packet Core network under the Spring 3 Cosmos programme – we look forward to transforming Vodafone Portugal’s existing network into a dynamic, agile, fully automated for simplified operation and cloud-native based platform.”

About Mavenir:

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com

About Vodafone Portugal:

Vodafone Portugal is part of the Vodafone Group which is a leading technology communications company. Vodafone is the largest mobile and fixed network operator in Europe and a leading global IoT connectivity provider. Vodafone Group operates mobile and fixed networks in 21 countries and partner with mobile networks in 48 more. Vodafone Portugal currently serves 3.6 million homes and businesses with its next generation network and has over 4.6 million mobile customers.

https://www.vodafone.pt/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220404005056/en/

Contacts

Mavenir:

PR@mavenir.com

Maryvonne Tubb (US)

Emmanuela Spiteri (EMEA)

PR Contact Vodafone Portugal:

press.pt@vodafone.com

+351 210 915 219

Secretary General of Alwaleed Philanthropies, HRH Princess Lamia Bint Majed Saud Alsaud, Stresses the Importance of Strategic Collaboration in Building Sustainable Futures

 Sharjah, United Arab Emirates-Monday 4 April 2022 [ AETOS Wire ]

Alwaleed Philanthropies has invested over four billion dollars on social welfare initiatives across 189 countries, benefiting over one billion people worldwide.

Among its numerous partnerships, Alwaleed Philanthropies sustained livelihoods among the Saudi disabled community through a collaboration with popular ride-hailing app, Careem.

HRH Princess Lamia Bint Majed Saud Alsaud, the Secretary General of Alwaleed Philanthropies, chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, shared her perspective on the organisation’s local and global humanitarian aid efforts, as well as on her personal philanthropic journey, in an insightful conversation with Badr Jafar, Founder of the Cambridge University Centre for Strategic Philanthropy.

HRH Princess Lamia expressed her view that philanthropists must embrace cross-sector collaboration, as well as collaboration with each other, if they are to create sustainable networks and avenues for the communities they hope to serve. She outlined a recent collaborative initiative Alwaleed Philanthropies led: “We approached an organisation that cares for disabled people, with a view to forming a partnership with them. We told them that we’d like their people to be Careem captains; this would be possible through the use of a machine that allows people to drive with just their hands. We now have almost 100 disabled Careem drivers,” she elaborated. “Previously, organisations would donate money and medication as well as health aids and devices to these people, but we wanted to change their lives for the better and to give them lasting economical support. This was made possible through a joint collaboration between the government, Careem, and our foundation.”

Alwaleed Philanthropies was founded in 1980 by HRH Prince Al-Waleed bin Talal. Over the past four decades, the organisation has invested over four billion dollars on social welfare initiatives across 189 countries, benefiting over one billion people worldwide. Its focus lies across four main areas: community development, empowering women and young people, providing vital disaster relief, and the bridging of cultures.

Badr Jafar remarked, “The power of strategic philanthropy lies within not just focusing on the immediate, but also on building resilience for the future. The spirit of collaboration is key in this, because we can all go further together.”

The youth of today are playing a pivotal role in the future of strategic philanthropy. In particular, next-gen donors’ embrace of technology and boundary-blurring innovations is creating opportunities for more accessible and transparent giving mechanisms. HRH Princess Lamia expanded, “Technology has made philanthropy much easier; reaching out, creating awareness, it’s not how we used to do before. We now have a wider perspective, a better understanding of how we can help. If you want to know what people are facing in real-time, there are communities on Facebook that you can join to see what refugees, displaced people, disabled people, and other marginalised groups from across the world need in order to overcome adversity.”

The conversation between HRH Princess Lamia Bint Majed Saud Alsaud and Badr Jafar is part of The Business of Philanthropy series of discussions hosted by the Centre for Strategic Philanthropy at the University of Cambridge, to explore the changing nature of charitable giving across the world’s growth markets and to find new ways in which the sector can maximise its impact.

The full conversation can be viewed here.

About the Business of Philanthropy

The Business of Philanthropy is a series of conversations hosted by Badr Jafar exploring the changing nature of philanthropy within and from the high-growth regions of the world. The discussions are part of a limited series conducted in collaboration with the Centre for Strategic Philanthropy, which was established at the University of Cambridge in 2020.

The Centre for Strategic Philanthropy is focused on strategic philanthropy both within and from the world’s emerging markets, which, for a number of reasons, are expected to become an increasingly important source of philanthropic capital and innovation over the coming decades. Through a combination of rigorous research, executive education and the convening of diverse voices, the Centre aims to become the leading hub of actionable knowledge to catalyse greater philanthropic impact from individuals and organisations in the world’s fastest growing regions.

About Alwaleed Philanthropies

For four decades, Alwaleed Philanthropies has supported and spent more than 4.4 billion dollars on social welfare and initiated more than 1,000 projects in over 189 countries, managed by 10 Saudi female members, reaching more than 1 billion beneficiaries around the world, regardless of gender, race, or religion. Alwaleed Philanthropies collaborates with a range of philanthropic, governmental, and nongovernmental organisations to combat poverty, empower women and youth, develop communities, provide disaster relief, and create cultural understanding through education.

Contacts

Micheline Macari

m.macari@saharapr.com

Lenovo Commits to Hiring 12,000 R&D Professionals, and Outlines Vision to Achieve Net-zero by 2050

 

(BUSINESS WIRE) -- Today, at Lenovo’s annual company kick-off to mark the start of Lenovo’s financial year, Chairman and CEO, Yuanqing Yang, set out the company’s bold vision for the year ahead. This includes building on its recent commitment to double investment in Research and Development (R&D) and announcing that the Group will hire 12,000 R&D professionals around the world over the next three years, as well as setting a vision to achieve net-zero by 2050*. The intensified commitment to innovation, underpinned by Environmental, Social, Governance (ESG) commitments, comes as Lenovo continues its transformation from a devices company to a global technology powerhouse that also includes services and solutions.

Lenovo’s CEO outlined the Group’s mission for the year ahead to build new growth engines, invest in new and emerging technologies, and continue driving sustainable profitability improvements.

R&D remains a crucial priority for Lenovo in fiscal year 22/23. R&D investment will be doubled, and 12,000 new R&D professionals hired over the next three years, in addition to around 5,000 brought into the company during fiscal FY21/22, to support research across the new IT architecture of ‘Client-Edge-Cloud-Network-Intelligence’

“My vision for Lenovo’s innovation is to become one of the world’s leading ICT companies, a pioneer and enabler of intelligent transformation,” said Chairman and CEO, Yuanqing Yang. “Our investment plan will center around the 'Client-Edge-Cloud-Network-Intelligence' architecture, with a three-track approach to focus on short-, medium- and long-term payback. Our intention is to optimize between technology with quick market returns and foundational research, and between continuous improvement and breakthrough innovation.”

R&D efforts will focus around the new and emerging IT architecture. Teams will work on new product and business model innovation, incubating technologies from edge computing to technology which will help businesses capitalize on the metaverse, and emerging and disruptive innovation like next-generation AI and heterogeneous computing to help them prepare for the future. All with the intention of helping businesses of all sizes capitalize on new and emerging technologies like the metaverse.

Alongside its R&D commitments, Lenovo outlined its vision to become net-zero by 2050, and Lenovo is working with the Science Based Target Initiative to establish goals that support this vision. The company has been reporting on its ESG commitments for the past 14 years, including outlining its work and goals around climate change mitigation, the circular economy, and sustainable materials. In 2020, Lenovo exceeded its 2020 emission reduction goals a year ahead of schedule and has already established science-based targets for 2030

In addition to the net-zero vision, Yuanqing Yang further committed to positively impacting 15 million lives through philanthropic programs and partnerships by 2025. The company’s philanthropic mission provides smarter technology for all by empowering underrepresented communities with access to technology and STEM education.

Yuanqing Yang concluded: “Lenovo is much more than business growth and financial success. We are innovators who are committed to helping solve humanity’s greatest challenges. Smarter powers what’s next.”

Read more about Lenovo’s sustainability initiatives in the most recent ESG Report, including the 2030 greenhouse gas emissions reduction goals approved by the Science-Based Targets initiative.

* Lenovo is working with the Science Based Target Initiative to establish goals that support this vision.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services, and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220403005029/en/

Contacts

Stuart Gill, sgill@lenovo.com

EIG and Fluxys Partner in Key LNG Infrastructure Supporting Decarbonization in Chile

 

WASHINGTON & BRUSSELS-Monday 28 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- EIG, a leading institutional investor to the global energy and infrastructure sectors, and Fluxys, a leading energy infrastructure company, today announced that they jointly will acquire an 80% equity stake in GNL Quintero S.A. (“Quintero”), the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of OMERS Infrastructure. Terms of the transaction were not disclosed.

Quintero is a key energy infrastructure business supporting Chile’s decarbonization strategy with a bridging fuel that allows for the reconciliation of economic growth with the uptake of renewables and the phasing out of coal. Operational since 2009, Quintero is the largest terminal for receiving and unloading LNG in Chile, as well as for its storage and regasification capacities. The terminal benefits from its strategic location in Quintero Bay, supplying a diversified base of customers in central Chile across residential, commercial, industrial, transportation and power generation sectors. The terminal owns 75% of the country´s LNG regasification capacity and in 2021, 67% of the total natural gas imports (both LNG and pipeline imports) arrived in Chile through this strategic asset. With a daily regasification capacity of 15 million m3, an LNG storage capacity of 334,000 m3 and 2,500 m3 per day of truck loading capacity, the terminal is a reliable supplier of natural gas that contributes to Chile’s energy diversification and security.

Chile has world-class solar and wind resources and a RES capacity equivalent to 4% of total global energy demand. The country is aiming to become one of the world’s three largest green hydrogen producers with plans to install 200 GW of renewable power by 2040 to produce green hydrogen. Chile already has signed several agreements to promote the export of green hydrogen, among others with the Belgian ports of Antwerp/Zeebrugge, Germany, the Port of Rotterdam and South Korea.

The acquisition builds on EIG’s presence in the Chilean market, where the firm owns Cerro Dominador, a groundbreaking solar complex that combines a 100MW photovoltaic (PV) plant with a 110MW concentrated solar power (CSP) plant. The PV plant has been operational since 2017 and the CSP plant was successfully synchronized with Chile’s electricity grid in April 2021. EIG also is a partner in AME S.p.A, a Chile-based project developer and independent power producer. AME co-owns Generadora Metropolitana, the fifth largest electricity generation company in Chile, as well as HIF Global, a leader in the hydrogen and e-fuels sector, with a series of commercial-scale projects in development and expected to reach construction over the next several years.

For Fluxys, the partnership is a forward-looking investment creating a foothold in another country in Latin America where the energy transition stands high on the government agenda. With its abundant solar and wind resources, Chile aims to produce the world’s cheapest green hydrogen. The Belgian Hydrogen Import Coalition with Fluxys as partner has affirmed the competitiveness and feasibility of a green molecule supply chain from Chile to Europe and Belgium.

“We are thrilled by the opportunity to invest in Quintero, a company that aligns perfectly with our focus on strategic, high-quality infrastructure that is critical to the region it serves and yields attractive, contracted cash flows,” said R. Blair Thomas, EIG’s Chairman and CEO. “We are pleased to be partnering again with Fluxys, a world-class operational partner, to help Quintero support Chile’s energy needs and transition goals with reliable energy. Quintero’s strong presence in natural gas infrastructure serves as an attractive launching point to expand its presence in related and adjacent sectors, including storage, truck loading and regasification, as well as to develop production capacity for green hydrogen, where Quintero has significant potential to be a domestic leader in the nascent industry.”

“With 3 LNG terminals in Europe, our ambition to invest outside Europe and to become the transporter of new energy carriers, Quintero is a perfect fit with our strategy for growth in view of the low carbon future”, said Pascal De Buck, Fluxys’ Managing Director and CEO. “We want to deploy and expand our industrial expertise worldwide and are excited to partner with EIG as leading global energy infrastructure investor already intensively involved in energy transition projects in Chile. Our partnership in Quintero brings Fluxys closer to hydrogen developments in Chile and supports the import of hydrogen in Belgium. We are looking forward to collaborating and developing new opportunities with Quintero’s management and workforce.”

The transaction is expected to close in the second half of 2022, subject to customary closing conditions, including any required merger control and related regulatory approvals.

Citigroup Global Markets Inc. acted as financial advisor to EIG and Fluxys in connection with the transaction. White & Case LLP served as EIG’s legal advisor and Linklaters LLP served as Fluxys’ legal advisor.

About EIG

EIG is a leading institutional investor to the global energy and infrastructure sectors with $23.0 billion under management as of December 31, 2021. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed $39.7 billion to the energy sector through 379 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit www.eigpartners.com.

About Fluxys

Headquartered in Belgium, Fluxys is a fully independent energy infrastructure group with 1,300 employees active in gas transmission & storage and liquefied natural gas terminalling. Through its associated companies across the world, Fluxys operates 12,000 kilometers of pipeline and liquefied natural gas terminals totaling a yearly regasification capacity of 29 billion cubic meters. Among Fluxys’ subsidiaries is Euronext listed Fluxys Belgium, owner and operator of the infrastructure for gas transmission & storage and liquefied natural gas terminalling in Belgium.

As a purpose-led company, Fluxys, together with its stakeholders, contributes to a better society by shaping a bright energy future. Building on the unique assets of gas infrastructure and its commercial and technical expertise, Fluxys is committed to transport hydrogen, biomethane or any other carbon-neutral energy carrier as well as CO2, accommodating the capture, usage and storage of the latter. www.fluxys.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220327005104/en/

Contacts

Media Contacts

EIG
Sard Verbinnen & Co.
Kelly Kimberly / Brandon Messina
+1 212-687-8080
EIG-SVC@sardverb.com

Fluxys Media Contact
Laurent Remy
+32 2 282 74 50
laurent.remy@fluxys.com

Permalink : https://www.aetoswire.com/news/eig-and-fluxys-partner-in-key-lng-infrastructure-supporting-decarbonization-in-chile/en

AGCO Releases 2021 Sustainability Report

 Major Step Forward in Sustainability Includes Global Climate Risk Assessment

DULUTH, Ga.-Thursday 31 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, this week released its 2021 Sustainability Report.

 “In 2020, we established AGCO’s sustainability strategy and have made meaningful progress in 2021 against our goals,” said Eric Hansotia, AGCO’s Chairman, President and CEO. “These early results have confirmed that our commitment to precision agriculture innovation places us on the right path to addressing sustainability.”

The report shares insights into our sustainability transformation as we drive action across our four strategic priorities of advancing soil health and soil carbon sequestration through smart solutions; decarbonizing our operations and products; elevating employee health and safety; and prioritizing animal welfare in food production. It represents a significant step forward in measuring and demonstrating our progress against our goals and commitments set in 2020, including:

Completing a global climate risk assessment and disclosing against the Task Force on Climate-related Financial Disclosures (TCFD) framework in inaugural TCFD report.

13% reduction in GHG emission intensity (scope 1 and 2)

52% renewable electricity use, up from 40% and 32% renewable energy use, up from 27%.

“Our 2021 Sustainability Report shows AGCO is committed to accelerating progress in sustainability into our design, manufacturing, and distribution of smart agricultural solutions across the entire value chain,” said Roger Batkin, Senior Vice President, General Counsel, Chief ESG Officer, and Corporate Secretary. “Moreover, we are committed to helping farmers adopt tools and practices that are as good for the planet as they are for their businesses.”

For more information on ACGO’s sustainability approach, please visit https://www.agcocorp.com/commitment/sustainability.html

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220330005681/en/

Contacts

Press contact

Aryn Drawdy

Corporate Communications Director

aryn.drawdy@AGCOcorp.com