Business Wire

AGCO Agriculture Foundation Donates to UK's Biggest Charity Fighting Hunger and Tackling Food Waste

Share

The AGCO Agriculture Foundation (AAF), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, today announced a USD 300,000 grant to FareShare to ensure surplus food reaches vulnerable communities in the United Kingdom while tackling food waste.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221128005695/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

AAF grant to FareShare to secure 475 tonnes of surplus food. (Photo: Business Wire)

The two-year partnership is expected to help FareShare secure 475 tonnes of surplus food and redistribute more than one million meals. The project will assist in growing the award-winning Surplus with Purpose Fund, which covers the cost for farmers to harvest and divert food that would have otherwise been wasted.

The Intergovernmental Panel on Climate Change estimates that food waste contributes between 8 and 10 percent of global greenhouse gas emissions, so tackling food waste is a pressing issue. The funding will also directly help agricultural businesses by reducing the environmental effect of food waste through interventions to harvest fresh surplus products such as fruit and vegetables. Over the next 24 months, for every tonne of surplus food FareShare and AAF redistribute through this project, approximately 1.6 tonnes of embedded CO2 could be saved, and another 3.8 tonnes could be prevented from harmful alternative disposal.

"As a foundation, our support of the FareShare surplus food project comes at a crucial time and aligns with AAF's vision to prevent and relieve hunger. We hope to support the food needs of these vulnerable households while combating climate change at both ends of the food chain by tackling food waste," said Roger Batkin, Board Chair, AGCO Agriculture Foundation.

The AAF-funded surplus food project contributes to four of The United Nations' 17 Sustainable Development Goals: Zero Hunger, Good Health and Well-being, Climate Action and Responsible Consumption and Production. The project will supply food for thousands of vulnerable people, tackle food waste to address climate change impact, improve overall well-being through access to good nutrition and provide a scalable solution to rescue food.

"We should never be wasting good food, especially not amid a cost-of-living crisis. Millions of people are struggling with the rise in food prices, fuel and household bills. We've seen the impact of demand for food across our network skyrocketing. FareShare is grateful to the AAF for extending their funding to the UK at this crucial time. This partnership will help us further our reach and make a meaningful difference in getting surplus food from farms to people's plates," said Lindsay Boswell, Chief Executive Officer of FareShare.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO's full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

About the AGCO Agriculture Foundation (AAF)

The AGCO Agriculture Foundation (AAF), initiated by AGCO Corporation (NYSE: AGCO) in 2018, is a private foundation with the vision to prevent and relieve hunger. The foundation initiates impactful programs that support food security, foster sustainable agricultural development and build needed agricultural infrastructure in marginalized farming communities. AAF is domiciled in Vaduz, Liechtenstein and operations are managed from Duluth, Georgia, USA. For more information, please visit https://www.agcofoundation.org/

About FareShare

FareShare is the UK's biggest charity fighting hunger and tackling food waste since 1994. The charity organization is born out of the belief that no good food should go to waste, especially when people are going hungry. FareShare redistributes its surplus food through a network of nearly 9,500 charities and community organizations.

For more information, visit our website: https://fareshare.org.uk/

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Aryn Drawdy, Corporate Communications Director
aryn.drawdy@agcocorp.com

Holly Howells, FareShare
Holly.Howells@fareshare.org.uk

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Sampled’s Genomics Laboratory in Glasgow Launches Inaugural Project with Guardant Health1.2.2023 15:00:00 EET | Press release

Sampled1 today announced that the new genomics Sampled SMART Lab in Glasgow, UK, has initiated a project with Guardant Health, Inc., a leading precision oncology company, to manage blood samples for a large-scale lung cancer screening study. The SHIELD Lung registrational study is designed to evaluate the performance of a Guardant blood-based screening test to detect lung cancer in high-risk individuals aged 50-80. Sampled has already begun receiving blood samples for the study, which is expected to enroll nearly 10,000 patients and will be conducted across approximately 100 centers in the U.S. and Europe. Sampled will manage receipt of the study’s blood samples from these test sites, prepare them for analysis, and store them until they are ready to be shipped to Guardant Health’s U.S. laboratories for test processing. “This project is a major milestone towards making Sampled’s world-class capabilities available around the world. Guardant Health is a leader in precision oncology testin

All Seas Capital Closes Maiden Fund With US$400m AUM1.2.2023 14:03:00 EET | Press release

All Seas Capital, a pan-European private capital fund that provides transformational capital solutions to leading founder- and entrepreneur-owned companies, is pleased to announce the final close of its maiden fund, All Seas Capital I SCSp (the “Fund”), with total commitments of US$400m including coinvestments. All Seas Capital’s global investor base, consisting of pension funds, sovereign wealth funds, consultants, insurance companies and banks from the US, Europe and Asia, provide a well-diversified mix of investors. Since inception to the Fund’s final close, All Seas Capital invested over US$200 million in portfolio companies, including Attivo Group (UK), Hakim Group (UK), SoMeD Santé (France) and Zimmer MedizinSysteme (Germany). All Seas Capital provides flexible long-term financing solutions to leading Western European mid-market businesses. Alongside transformational capital solutions, the All Seas team provides board level expertise to entrepreneurs and management teams who do n

ALECSO to Partner With SNC to Launch First Conference on International Organizations of Education, Science and Culture1.2.2023 13:57:00 EET | Press release

The Arab League Educational, Cultural and Scientific Organization (ALECSO), in cooperation with the Saudi National Commission for Education, Culture and Science (SNC), is set to host the inaugural edition of a major international conference on culture, science and education in the 21st century. The conference, ‘Future of Education, Science, and Culture International Organizations Forum’ (FESCIOF) will take place over two days from March 8-9, 2023, at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Saudi capital Riyadh, with the participation of a number of major international organizations in the fields of education, culture and science. FESCIOF will host an unprecedented gathering of international organizations and global entities across a variety of sectors with the goal of enabling collaboration and facilitating cross-sectoral dialogue. Expected attendees include top international and multilateral organizations; regional institutions; national and regional p

Energy Aspects Acquires OilX, a Pioneer in AI Driven Data Analytics for Energy Markets1.2.2023 13:52:00 EET | Press release

Leading energy and macro research consultancy Energy Aspects has acquired OilX, a pioneer in AI-driven energy data analytics. The acquisition will enhance Energy Aspects’ insights as OilX’s real-time data technology complements Energy Aspects’ forward-looking analysis. OilX, in turn, will benefit from Energy Aspects’ proprietary data sets and world-class subject matter experts, improving its data-driven insights to clients. Founded in 2018 by Dr. Florian Thaler , OilX’s unique real-time energy market platform offers sophisticated ‘nowcasting’ capabilities, enabling its clients to understand energy markets as they evolve. OilX’s advanced technology utilises AI, satellite and tanker tracking data to create highly valuable proprietary data sets, and its UX design delivers high data usability. OilX’s product range covers crude oil, refined products, biofuels and NGL’s. Their platform, the world’s first real-time oil supply and demand balance, provides users with market analysis ahead of of

Major Update: B2Broker Adds Match-Trader White Label1.2.2023 13:00:00 EET | Press release

After integrating cTrader in 2022, B2Broker has continued to expand, with the integration of Match-Trader being the most recent. By adding Match-Trader, B2Broker, a worldwide provider of liquidity and technology for the FX and cryptocurrency markets, has announced the extension of its white label liquidity service. Thanks to this new integration, clients will have access to a full white label solution, highly competitive commercials, and a ready-made B2Core integration. This integration is a prime example of B2Broker's dedication to providing its clients with a complete and flexible service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230201005066/en/ Match-Trader White Label Ecosystem (Graphic: Business Wire) Match-Trader While Label Solution To give brokers and their clients a complete Match-Trader experience, B2Broker has created a white label solution. The new service streamlines all necessary technologies into a sing

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom