Ag Growth International : 2024 Sustainability Report
AFN.TO
Published on 06/02/2025 at 17:18
2R0 e
Contents
03.
Introduction
About this Report
Letter to our Stakeholders AGI Overview
34.
11.
48.
13.
60.
23.
62.
Introduction
About
2024 Highlights People Well-Being
Sustainable Manufacturing
Responsible Conduct
Compelling Solutions
ESG Data Summary
Appendix
this Report
This report describes AGI's sustainability commitments, policies, key actions, and performance on material Environmental, Social, and Governance (ESG) topics for 2024 across our global operations. It also sets out goals and priorities for 2025 and beyond.
This report has been prepared in accordance with the Sustainability Accounting Standards Board (SASB) standards for the Industrial Machinery and Goods sector. It also includes an update to our Task Force on Climate-Related Financial Disclosures (TCFD) Report, which has been prepared in alignment with the recommended disclosures of the TCFD. Both the SASB Index and TCFD report can be found as supplemental materials
in the appendix. We report our greenhouse gas emissions data in alignment with the Greenhouse Gas (GHG) Protocol. We continue to monitor and prepare for evolving global sustainability disclosure frameworks and standards that may impact AGI.
The terms "AGI", "we", "us" and "our" refer to Ag Growth International Inc., and where the context requires, also means our controlled entities on a consolidated basis.
Unless otherwise noted, all financial figures presented are in Canadian dollars. The data contained in this report has not been assured or verified by a third party.
This document contains certain forward-looking information - that is, information related to future, not past, events and circumstances. Please refer to the Advisories section in the appendix of this report for applicable disclosures. This document contains certain abbreviations and defined terms. Please refer to the Glossary of Terms section at the end of this document for applicable definitions.
Any questions about this report can be directed to [email protected].
Introduction
2024 Highlights People Well-Being
Sustainable Manufacturing
Responsible Conduct
Compelling Solutions
ESG Data Summary
Appendix
Letter to our Stakeholders
We are pleased to share our 2024 Sustainability Report, showcasing our progress and ongoing dedication to sustainability. The report highlights our policies, actions, and performance across four key focus areas: People Well-being, Responsible Conduct, Sustainable Manufacturing, and Compelling Solutions. These areas have guided our sustainability efforts over the past few years, and we are proud of the progress made in 2024.
As a global leader in advancing solutions to strengthen the food supply chain, AGI is uniquely positioned to address the ongoing challenges faced by this critical sector. Key challenges faced by the agriculture sector in 2024 included extreme weather events that affected crop yields and production, lower crop prices, higher production costs, and supply chain disruptions. Proper
food infrastructure to condition, store, and move grain from farms to commercial collection points, and then around the world, is essential to reducing food loss, strengthening global food security, and
ensuring resilience in the global food supply chain. Despite these ongoing challenges, as we reflect on 2024, we are most energized by the commitment of AGI employees to drive forward our purpose of eliminating food loss and hunger, and the work of our customers in feeding a growing global population.
Our focus on sustainability helps us deliver on this purpose and our corporate strategic priorities, including profitable organic growth, operational excellence, and balance sheet discipline. We know that AGI's sustainability
efforts matter to our stakeholders, notably our employees, customers, shareholders, suppliers, and the broader global community. We regularly engage with our stakeholders on these topics to ensure that we are prioritizing initiatives that are aligned with both our corporate priorities and the needs of our stakeholders.
Safety continues to be our top priority and at the core of our operations, uniting our manufacturing facilities, office locations, and job sites worldwide. Our goal is that every AGI employee returns home at the end of
each day in the same condition in which they arrived at work. We are encouraged by the outstanding improvements made in our total recordable incident rate and lost time injury rates in 2024, an achievement that we do not take lightly. We will continue to drive a safety-first culture at AGI through ongoing training and awareness building, standardizing
safety procedures, and identifying and fixing hazards and near misses.
We are committed to fostering a strong culture and environment where all employees are not only safe but engaged and can reach their highest potential.
Last year, we focused on addressing the feedback from AGI's inaugural 2023 Employee Engagement Survey by
implementing initiatives such as formalizing talent processes, expanding training and development opportunities, and improving communication. We set an ambitious
goal of training 100% of our workforce on unconscious bias, and we are proud to have achieved a 96% completion rate globally.
Integrity is one of our guiding principles, and we aim to empower our workforce with the policies and resources to ensure ethical business practices. In 2024, we
achieved 100% compliance with AGI's annual employee ethics confirmation.
Last year, we disclosed a target to reduce our Scope 1 and 2 greenhouse gas (GHG) emissions by 25% by 2030. Since then, we have continued to develop plans to reduce our GHG emissions from our manufacturing facilities worldwide. Our initial focus is
on optimizing energy efficiency in our operations. Last year, several facilities identified areas of opportunity and implemented initiatives to reduce their energy consumption. We continue to make selected investments in modernizing our manufacturing equipment and technology, expecting these efforts, along with the consolidation of several manufacturing facilities, to positively impact the GHG emissions intensity of our operations. Last year, for the first time, we disclosed the key climate-related risks and opportunities most relevant to our business and we continue to monitor and take a proactive approach to managing these risks and opportunities. An updated TCFD report can be found later in this document.
We are encouraged by the outstanding contributions of our global employee base in advancing sustainability-related initiatives at AGI. From our functional and regional leaders championing sustainability efforts, to our plant-level contributors reporting on ESG-related metrics, and our Environmental
Health and Safety Coordinators driving a strong safety culture, to our people leaders fostering an inclusive workplace, every team member plays a crucial role in our sustainability success. We recognize that this is an ongoing effort, and we remain committed to continuously improving our sustainability performance and providing transparent disclosures.
By driving our sustainability efforts forward, we help strengthen the long-term resilience of our business. We look forward to continuing to collaborate with our key stakeholders on our sustainability priorities and broader corporate commitments.
We anticipate even more success in 2025 and beyond.
Mike Frank
Chair of the Governance & Sustainability Committee of the Board
Paul Householder
President & CEO
Introduction
To eliminate food loss and hunger
To advance storage, handling, and processing solutions that strengthen and secure the global food supply chain
AGI
2024 Highlights People Well-Being
Sustainable Manufacturing
Responsible Conduct
Compelling Solutions
ESG Data Summary Appendix
Overview
~ C$1.4B
in annual revenue (12-month
period ending December 31, 2024)
271
manufacturing facilities
in six countries and sales representatives worldwide (as of December 31, 2024)
4,139
employees
(as of December 31, 2024)
AGI is a corporation existing under the Canada Business Corporations Act and our common shares are traded on the Toronto Stock Exchange (AFN.TO). AGI is a leading provider of equipment and solutions for efficient food storage, transport, and processing globally.
With around 4,100 employees and manufacturing facilities worldwide, AGI products, equipment, and technologies serve to store, blend, mix, convey, condition, process, and protect agriculture inputs and crops that flow around the world.
AGI designs and manufactures equipment and solutions that are uniquely positioned within the agriculture sector, serving as the connection between the farm and the plate through two types of application:
Commercial applications Farm applications
Large-scale storage and movement of grain through the food supply chain, inclusive of equipment for food processing, rice milling, feed, and fertilizer.
Grain
Fertilizer
Feed
Food
1 Note: Represents the number of manufacturing facilities as of December 31, 2024.
Move, store, condition, and monitor grain after harvest.
Storage
Portable Handling
Permanent Handling
Conditioning
Disclaimer
Ag Growth International Inc. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 21:17 UTC.