Company Highlight – Deere and Co.
- Blue Summit
- 11 minutes ago
- 2 min read
It is important for you to know how your investments are making a difference. We wanted to share a company highlight from our Blue Summit investment models.
Headquartered in Moline, Illinois, Deere & Co. is a global leader in agricultural and construction equipment. Chances are, Deere’s machinery and precision technologies are instrumental in getting you the food you eat every day. Their commitment to sustainable innovation is driving the future of agriculture, promoting environmental stewardship and resource efficiency for a healthier planet.
Here are five strong environmental and social highlights from Deere & Co:
Significant Greenhouse Gas Emissions Reduction:
Deere has achieved a 29% cumulative reduction in operational greenhouse gas emissions since 2017, surpassing its original goal of 15%. Their targets are validated by the Science Based Targets initiative (SBTi).
Sustainable and Precision Agriculture Technology:
Deere’s “See & Spray” and “ExactShot” technologies use advanced sensors and automation to reduce chemical and fertilizer use, helping farmers lower input costs and environmental impact. These technologies improve crop protection and nitrogen use efficiency, aiming for a 20% improvement by 2030.
Expansion of Electric and Hybrid Equipment:
Deere is investing in alternative power solutions, including launching over 20 electric and hybrid-electric product models by 2026.
Product Circularity and Waste Reduction:
By 2030, Deere aims for 95% of its products to be recyclable and for 65% of product content to be from sustainable materials. The company has already increased waste recycling to 84% and is focused on reducing waste intensity by 15% and freshwater consumption at water-stressed sites by 10%.
Community Impact and Food Security:
The John Deere Foundation actively supports food security initiatives, such as partnerships with nonprofits like The Farmlink Project, which delivers fresh produce to food banks. Deere also advances workforce engagement and community support through technology training and social programs.
These initiatives reflect Deere’s commitment to reducing its environmental footprint, advancing sustainable agriculture, and supporting communities globally. You can see their 2024 Impact Report here.
We hope you find this on-the-ground Company Highlight interesting and insightful
Know someone who could be helped by working with a professional financial advisor?
Blue Summit does not directly invest in Deere and Co. They are a holding within the Parnassus Core Equity fund. Some, but not all clients, are invested in this fund.
Comments