As You Sow Proposal

Deere & Co. Needs a Climate Transition Plan

Deere & Co., also referred to as “John Deere,” is the world’s largest farm machinery manufacturer in terms of revenue [$44.5 billion in 2022 alone] and employs ~70,000 people in divisions across the globe. However, Deere’s 2021 10-K states business results could be negatively affected by “unfavorable weather conditions or natural calamities that reduce agricultural production and demand for agriculture and turf equipment” and “increasingly stringent emission regulations or bans on internal combustion engines.” Not only does Deere face climate-related risks, but actively contributes to them through production of fossil fuel-intensive equipment. To combat these risks, shareholders are requesting that Deere issue a climate transition report disclosing progress on greenhouse gas emissions reduction targets.
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Our Goal

Our goal is to support As You Sow’s proposal to Deere & Co. by launching a campaign that allows individuals to invest in a more sustainable future and ensure Deere is on track to achieve science-based greenhouse gas emissions reduction goals.

A “win” would result in Deere being required to issue a climate transition report disclosing long-term science-based 1.5-degree greenhouse gas targets, covering scopes 1-3, including operational, supply chain, product related emissions, and progress made in achieving those targets.

Supporters of this proposal suggest that the report include:

  • Commitment to Science Based Targets initiative validation;
  • An enterprise-wide climate transition plan to achieve net zero emissions; and
  • How capital allocation plans align with climate transition plans, where relevant.

Why It's Important

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These opportunities are identified through our own research analysts and the community we’ve built at Tulipshare. We then work with our legal team to verify and build our campaign.
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We work to acquire company shares so that we can engage as an investor
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Once we acquire enough shares, we start discussions with the company to promote ethical change. This isn’t always easy and the company may object to our requests. However we keep our investors informed of progress and all communications - so you’re aware of what’s happening every step of the way.
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Deere & Co.
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