FoA 276: Sustainability, Corporate Responsbility, and ESG with Louisa Parker-Smith of AGCO Corporation

Future of Agriculture

AGCO Corp: https://www.agcocorp.com/

Louisa Parker-Smith: https://news.agcocorp.com/news/agco-names-louisa-parker-smith-director-of-global-sustainability

Email Newsletters:

Upstream Ag Insights: https://upstreamaginsights.substack.com/

Software is Feeding the World: https://rpethe.substack.com/

Today’s guest is Louisa Parker-Smith, who is the Global Head of Sustainability for AGCO Corporation. Most of you listening know all about AGCO - they are a major farm machinery designer, manufacturer, and distributor, including tractors, combine harvesters, hay & forage machinery. This includes brands like Fendt, Massey Furgeson, Challenger, Valtra, Gleaner, and many others. They also have a growing grain and protein division which offers grain storage, seed processing, and protein production equipment.

In Louisa’s role as head of sustainability, she sets strategy for AGCO’s sustainability programs and ESG which stands for environmental, social, and governance. It’s a very hot topic especially among publicly traded companies, which AGCO is. Sustainability roles like Louisa’s are unique, in that she is constantly engaging with all of the key stakeholders surrounding the business: customers, dealers, AGCO colleagues, and investors. It’s also a role that requires her to be thinking much further out than most others. She says she’s regularly thinking 10 years out or longer, which brings a very interesting perspective on the future of agriculture.

In today’s episode, we talk about ESG and the interest of investors to know what AGCO is doing in terms of sustainability, where AGCO is focusing their efforts particularly on reducing emissions including scope 3 emissions which includes the footprint of their customers who use their products, future innovations in farm machinery, and her time in Africa where she held multiple roles with the company including Director of Distribution Development on the continent.