Record Year of Giving Back Leads to 3x Honor

Rhea-AI Summary

John Deere (NYSE: DE) has been named to The Civic 50 for the third consecutive year, recognizing the company's extensive community engagement and volunteerism efforts. In 2023, John Deere set new records by contributing $74.5 million to nonprofit organizations and volunteering over 260,000 hours. The company also announced three multi-year grants totaling $19 million to combat hunger and mentored over 113,000 students through its Inspire School program. This achievement highlights John Deere's commitment to social impact and civic engagement, earning them a gold medal for ranking second overall in community investment.

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• Named to The Civic 50 for the third consecutive year.
• Awarded a gold medal for ranking second overall in community investment.
• Contributed $74.5 million to nonprofit organizations, a record amount.
• Volunteered over 260,000 hours in community service, a new record.
• Announced three multi-year grants totaling $19 million aimed at combating hunger.
• Mentored over 113,000 students through the John Deere Inspire School program.

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• No direct financial performance data provided.
• Focus on philanthropy may divert attention from core business metrics.

John Deere Named to The Civic 50 — Again!

MOLINE, Ill., May 14, 2024 /PRNewswire/ -- Over the past year, John Deere (NYSE: DE) employees gave back in record-breaking numbers for community giving and volunteerism.

And once again, their efforts are being recognized. For the third consecutive year John Deere has been named to The Civic 50, an annual honor recognizing the 50 most community-minded US companies.

Deere was also awarded a gold medal this year after ranking second overall for its investments. The ranking analyzes how extensively and strategically Deere applied its resources to community engagement in the U.S., including employee time and skills, cash, investments, in-kind giving, and leadership.

The award is administered by Points of Light, the world's largest nonprofit dedicated to accelerating people-powered change. The Civic 50 has become a national standard for corporate citizenship and showcases how companies are leading through social impact and civic engagement.

"On behalf of the company and all our employees, I want to thank Points of Light for this exciting honor," said Mara Downing, president of the John Deere Foundation. "This recognition is a testament to our strong belief in trust-based philanthropy and unrestricted giving, demonstrating our commitment to helping end hunger and building stronger communities."

Our 2023 accomplishments include:

• Contributed $74.5 million to nonprofit organizations in our home communities (a new record for us), and up from $55.5 million the previous year.
• Volunteered over 260,000 hours to community service (also a new record), up almost 100,000 hours from 2022.
• Announced three multi-year grants totaling $19 million aimed at eliminating hunger by increasing access to food.
• Mentored over 113,000 students in 8 countries through the John Deere Inspire School program. Employee mentors volunteered nearly 70,000 hours.

"Expectations for companies to be leaders in civic engagement continue to increase," said Jennifer Sirangelo, president and CEO, Points of Light. "John Deere demonstrates how to maximize the full range of their assets – from people power to policy to financial contributions – to meet pressing needs and create thriving communities where they live and work. We're thrilled to uplift and celebrate them as an honoree of The Civic 50 2024."

To learn more about Point of Lights and The Civic 50 honorees for 2024, here is a link to their news release.

About Deere & Company

Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

For more information on Deere & Company, visit us at www.deere.com/en/news/.

About Points of Light

Points of Light is a nonpartisan, global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through 145 affiliates across 39 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 3.7 million people in 16.7 million hours of service each year. We bring the power of people to bear where it's needed most. For more information, visit pointsoflight.org.

 

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SOURCE John Deere Company

FAQ

What recent recognition did John Deere (DE) receive for community engagement?

John Deere was named to The Civic 50 for the third consecutive year and awarded a gold medal for ranking second overall in community investment.

How much did John Deere (DE) contribute to nonprofit organizations in 2023?

John Deere contributed $74.5 million to nonprofit organizations in 2023, setting a new record.

How many volunteer hours did John Deere (DE) employees contribute in 2023?

John Deere employees volunteered over 260,000 hours in 2023, a record-breaking figure.

What is John Deere (DE) doing to combat hunger?

John Deere announced three multi-year grants totaling $19 million aimed at eliminating hunger by increasing access to food.

How many students were mentored through John Deere (DE)'s Inspire School program in 2023?

John Deere mentored over 113,000 students through its Inspire School program in 2023.