Preservation of Habitat & Energy
Sustainability Thickness Score
Precision Agriculture. Image © Deere & Company
Deere & Company
Deere & Company (DE) is a leading global manufacturer of equipment for the agriculture, construction and forest industries. By investing in Precision Agriculture, DE intends to make farming more profitable by integrating cloud-based technologies so that farmers can use data and automation to more efficiently manage valuable topsoil, which means optimal tilling, seeding, and applying water and fertilizer. By optimizing all elements of a farm's operation, DE can preserve all forms of natural capital.
ENTITY:
Deere & Company (DE)
ATTRIBUTES:
Equipment and integrated technologies that optimize agricultural operation, minimize input costs and preserve natural capital.
SUSTAINABILITY GOALS:
- Reduce customer CO2 emissions by 15% by 2030.
- Improve efficiency of nitrogen use in fertilizer by 20% by 2030.
- Increase efficiency of crop protection by 20% by 2030.
- Increase recyclable product content to 95% by 2030.
SUSTAINABILITY ACTIONS:
- Offer fully autonomous battery-powered ag tractor.
- Ensure that all new small agricultural equipment is enabled to connect to cloud service.
- Automate and improve efficiency of tilling, seeding, application and harvesting.
- Integrate with third-party software applications to manage soil, water and fertilizer.
BENEFIT/ COST:
Strongly positive
SCALABLE:
Yes
Precision Agriculture. Image © Deere & Company
Software interface inside a John Deere tractor. Image © Deere & Company
John Deere tractor. Image © Deere & Company
Thickness Score
Natural Capital Benefits
Sustainability Thickness Score
DE is adding fully automated electric vehicles to their tractor product line and hybrid electric models to their construction and forestry vehicle product line.
5
DE technology improves water efficiency at a large scale. Their existing technology and tools allow farmers to adjust to weather conditions, manage moisture levels, optimize field drainage, and minimize irrigation.
6
DE set specific goals to reduce the upstream emissions of their suppliers and the downstream emissions of their customers by -30%. DE also set a goal for reducing customer emissions by -15% per unit of output by 2030. In addition, precision agriculture allows for greater soil carbon sequestration.
5
DE preserves habitat in two ways: (1) optimizing the application of fertilizer reduces excess chemical spread into topsoil and surface water; (2) using recycled and recyclable materials in the construction of its equipment.
6
Investment Attributes
Dividend Yield:
1.59%
Price/Earnings:
10.99
Market Capitalization:
$101 billion
Sector:
Energy, Water, Atmosphere, Habitat
Additional Info
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