Company’s vision includes ambitious goals to address major global sustainability challenges
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its 2021 Corporate Responsibility (ESG) report has been published. The on-line report provides easy access to more than 140 topic-specific web pages and also contains interactive features, including short films and dynamic data charts. The company also incorporated several SASB and TCFD indicators and GRI standards into the report, in addition to publishing disclosures according to TCFD, as part of its 2021 annual report.
“ICL remains committed to creating sustainable solutions for humanity, and our guiding principles – ingenuity, care and leadership – help us to advance our efforts on a global basis, and this includes the development of multiple innovative new products in 2021 to benefit the food, agriculture and industrial end-markets,” said Raviv Zoller, president and CEO of ICL. “These principles are an inherent part of our company culture and help define our actions in our communities and beyond.”
In addition to becoming carbon neutral by 2050, the company’s sustainability goals include a 30% reduction in absolute greenhouse gas emissions and call for renewable energy to represent 50% of total energy consumption by 2040. ICL is also committed to increasing its circular economy and water savings impact, and the 2021 Corporate Responsibility (ESG) report includes details on substantive new projects in these areas. To support the communities where ICL does business, the company is targeting annual contributions amounting to 1% of pre-tax income and promoting personal environmental responsibility and volunteering for its employees.
ICL Group is a leading global specialty minerals company, which also benefits from commodity upside. The company creates impactful solutions for humanity's sustainability challenges in the global food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation, to drive growth across its end markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2021 revenues totaled approximately $7 billion.
Forward Looking Statements
This announcement contains statements that constitute forward‑looking statements, many of which can be identified by the use of forward‑looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others.
Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof. As a result of the foregoing, readers should not place undue reliance on the forward‐looking statements contained in this press release concerning the timing of the transaction, or other more specific risks and uncertainties facing ICL, such as those set forth in the “Risk Factors” section of its Annual Report on Form 20-F filed on February 23, 2022, as such risk factors may be updated from time to time in its Current Reports on Form 6-K and other filings ICL makes with the U.S. Securities and Exchange Commission from time to time.
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