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 grantto 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

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

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

Benchmark International and Redox AS Announce New Dealer and Distributor Agreement for Energy Efficient VPSA Oxygen Concentrators7.2.2023 21:20:00 CET | Press release

Benchmark International, a leading manufacturer of the most energy efficient VPSA Oxygen Concentrators, and Redox AS, a leading aquaculture supply company, are pleased to announce a new dealer and distributor agreement within the Norwegian market. This partnership will bring the latest technology in oxygenation systems to the Norwegian aquaculture market, providing farmers with the tools they need to improve efficiency and decrease costs while maintaining the highest standards of fish welfare. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207006076/en/ Industry leading, energy efficient VPSA oxygen concentrators from Oxygen Solutions and Benchmark International - a Canadian manufacturer represented by Redox in Norway. (Photo: Business Wire) Under the terms of the agreement, Redox will be the exclusive dealer and distributor of Benchmark International's VPSA Oxygen Concentrators in Norway. These state-of-the-art systems u

Lineage Logistics Announces Lineage Fresh, Expands Fresh Produce Offering In Europe7.2.2023 18:51:00 CET | Press release

Lineage Logistics, LLC (“Lineage” or the “Company”), one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide, announced Lineage Fresh, a new strategic service in Europe, launched last November in the US, which provides fresh storage solutions for major importers, grocers, and producers of fresh fruit and produce, as part of its participation in the Fruit Logistica trade show in Berlin. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207006000/en/ Fresh blueberries are packed at a Lineage facility. (Photo: Business Wire) Lineage Fresh will allow products with a short shelf-life to face fewer obstacles, less risk, and less spoilage with Lineage’s cold storage technology and leading logistics network. Leveraging the Company’s expertise as a global temperature-controlled storage provider, Lineage Fresh is designed to cater to businesses in which food safety is critical and speed to

Carbios appoints four new Board members to strengthen international expertise in brand development, business growth and scientific research7.2.2023 18:17:00 CET | Press release

Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207005964/en/ Clockwise from left: Mateus SCHREINER GARCEZ LOPES, Sandrine CONSEILLER, Prof. Karine AUCLAIR & Amandine DE SOUZA Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces the appointment of four new members to its Board of Directors. Prof. Karine AUCLAIR, professor of Chemistry at McGill University, Sandrine CONSEILLER, former CEO of Aigle, Amandine DE SOUZA, General Manager of LE BHV MARAIS, Eataly and Home, DIY and Leisure Purchasing at Galeries Lafayette Group, and Mateus SCHREINER GARCEZ LOPES, Global Director for Energy Transition and Investments at Raizen, have all been appointed members of Carbios’ Board of Directors. Three of the new members have strong, proven expertise in various industries covering fashion, r

Shufti Pro Launches Risk Assessment & eIDV Solutions to Enable More Reliable Customer Verification7.2.2023 17:58:00 CET | Press release

Pioneer of first-ever on-premises IDV solutions, Shufti Pro, has announced the launch of its risk assessment and eIDV services to help global businesses fight identity fraud and financial crimes, and meet the ever-evolving KYC/AML regulatory landscape. Risk Assessment Solution - is the purposely built tool to help businesses identify risks associated with their globally diverse client base. Shufti Pro’s custom-built risk-scoring solution adapts to the interests of organisations whilst addressing every possible risk factor to safeguard businesses from financial crimes, reputational damages, and regulatory sanctions. It ensures enterprises make informed decisions by evaluating customer risk factors through custom questionnaires and fraud prevention data points, further examined by the Shufti Pro’s risk intelligence profiling engines (a database of over 10B ID elements). eIDV Service - eIDVis the process of verifying customers through a government-issued unique identifier number. It works

The Empire State Building Celebrates Romance in NYC with Valentine’s Day Experiences Throughout the Month of February7.2.2023 16:56:00 CET | Press release

Love is in the air at the Empire State Building (ESB) with a Valentine’s Day celebration that includes an unforgettable proposal package, tower lighting, giveaways, and month-long special offers for visitors this February. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207005876/en/ Empire State Building Valentine's Day 86th Floor Observatory (Photo: Business Wire) Happily Ever Empire – Each couple that books the popular Happily Ever Empire engagement package – that includes priority access and a private tour of the Observatory with celebratory champagne – for Feb. 10-14 will be gifted a four-night, five-day luxury all-inclusive getaway by Sandals Resorts to the resort of their choice (terms and conditions apply) – that includes the brand new Sandals Dunn’s River that opens in Ocho Rios, Jamaica in May – and a $250 gift card towards a wedding dress courtesy of Kleinfeld Bridal. Happily Ever Empire engagement packages are