AGCO Corp

7. Provide oversight of regulatory, compliance and governmental matters that may impact the Company, and at least annually review the Company's government affairs strategies and priorities, the Company's political expenditures, if any, and lobbying activities.

AGCO has a government affairs function that reports into Senior Vice President General Counsel & Corporate Secretary. Government affairs closely monitors government policies linked to climate change and communicates them within AGCO to senior management and other internal stakeholders for example, tracking the Green New Deal and its associated strategies. In addition, government affairs coordinates AGCO's activities with trade associations, which also monitor and report on climate change initiatives of relevance to the manufacturing and agriculture sectors. The government affairs team has a strong background in agriculture, mechanization and technology, such as precision farming, which are required by policy makers to make an important contribution to sustainable farming practices and climate change. This allows AGCO to bring a practical aspect to discussions with policy makers and trade associations. By linking government affairs and the global sustainability functions together, a joined-up engagement process to climate change is created. This enables AGCO to align government climate change policies with AGCO strategies and activities, and industry's ability to react to and implement them. The process ensures informed decisions are made at each stage on climate change within AGCO.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]AGCO has a government affairs function that reports into Director, Global Sustainability. Government affairs closely monitors government policies linked to climate change and communicates them within AGCO to senior management and other internal stakeholders for example, tracking the Green New Deal and its associated strategies. In addition, government affairs coordinates AGCO's activities with trade associations, which also monitor and report on climate change initiatives of relevance to the manufacturing and agriculture sectors. The government affairs team has a strong background in agriculture, mechanization and technology, such as precision farming, which are required by policy makers to make an important contribution to sustainable farming practices and climate change. This allows AGCO to bring a practical aspect to discussions with policy makers and trade associations. By linking government affairs and the global sustainability functions together, a joined-up engagement process to climate change is created. This enables AGCO to align government climate change policies with AGCO strategies and activities, and industry's ability to react to and implement them. The process ensures informed decisions are made at each stage on climate change within AGCO.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, but we plan to have one in the next two years

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]AGCO has a government affairs function that reports into Senior Vice President General Counsel & Corporate Secretary. Government affairs closely monitors government policies linked to climate change and communicates them within AGCO to senior management and other internal stakeholders for example, tracking the Green New Deal and its associated strategies. In addition, government affairs coordinates AGCO's activities with trade associations, which also monitor and report on climate change initiatives of relevance to the manufacturing and agriculture sectors. The government affairs team has a strong background in agriculture, mechanization and technology, such as precision farming, which are required by policy makers to make an important contribution to sustainable farming practices and climate change. This allows AGCO to bring a practical aspect to discussions with policy makers and trade associations. By linking government affairs and the global sustainability functions together, a joined-up engagement process to climate change is created. This enables AGCO to align government climate change policies with AGCO strategies and activities, and industry's ability to react to and implement them. The process ensures informed decisions are made at each stage on climate change within AGCO.