Deere & Company, commonly known as John Deere, is a leading American corporation that specializes in the manufacturing and distribution of agricultural, construction, and forestry equipment. Founded in 1837 by John Deere, the company has grown to become a global leader in the farm machinery and equipment sector, with a presence in over 180 countries.
As the world becomes increasingly concerned about climate change and the need to reduce carbon emissions, Deere & Company has taken a proactive approach to decarbonisation. The company has set ambitious sustainability goals, including reducing its carbon footprint and increasing its use of renewable energy sources.
One of the ways that Deere & Company is working towards decarbonisation is through its corporate energy strategy. The company is committed to reducing its energy consumption and increasing its use of renewable energy sources, such as wind and solar power. Deere & Company has set a goal to reduce its greenhouse gas emissions by 15% by 2021, compared to its 2015 baseline. To achieve this goal, the company is investing in energy-efficient technologies and practices, such as LED lighting, energy management systems, and building automation.
Another way that Deere & Company is working towards decarbonisation is through corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price. Deere & Company has signed several PPAs in recent years, which have allowed the company to increase its use of renewable energy and reduce its carbon footprint. For example, in 2019, Deere & Company signed a PPA with a wind farm in Illinois, which will provide the company with 50 MW of renewable energy.
Deere & Company is also investing in renewable energy projects of its own. The company has several solar installations at its facilities, including a 3 MW solar array at its facility in Ottumwa, Iowa. The solar array provides approximately 20% of the facility's electricity needs and has helped the company reduce its carbon footprint.
In addition to its efforts to reduce its own carbon footprint, Deere & Company is also working to help its customers reduce their carbon emissions. The company has developed several technologies and products that help farmers reduce their use of fossil fuels and increase their use of renewable energy sources. For example, Deere & Company's ExactApply™ technology allows farmers to apply crop protection products more precisely, reducing the amount of product needed and the amount of fuel required for application. The company also offers several products that can be powered by renewable energy sources, such as electric tractors and self-driving electric sprayers.
Overall, Deere & Company is a leader in the farm machinery and equipment sector, with a strong commitment to sustainability and decarbonisation. The company's corporate energy strategy, use of PPAs, and investment in renewable energy projects are helping to reduce its own carbon footprint and increase its use of renewable energy sources. Additionally, the company's development of technologies and products that help farmers reduce their carbon emissions is contributing to the overall effort to combat climate change.