Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and resulting decline in industrial activity and crude oil production; lower prices of commodity fertilizers; supply chain disruptions due to force majeure declarations by some contractors; temporary halt of potash mining operations in Spain and curtailed Polysulphate® mining activities in the UK due to COVID-19.

Mitigation Strategies

• Implementation of efficiency plans across all business segments, resulting in annualized savings of about $50 million; modification of work methods to allow social distancing; provision of hygiene materials and protective equipment; implementation of communication technologies to enable remote work; establishment of a special COVID-19 response team; gradual resumption of production in Spain and the UK; securing a new securitization agreement with international banks; issuing bonds and utilizing a COVID Corporate Financing Facility agreement with the Bank of England.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change & GHG Emissions
• Water Management
• Waste Management
• Food Security
• Safety
• Workforce Diversity
• Sustainable Procurement
• Responsible Supply Chain
• Community Investment
• Corporate Governance
• Sustainable Financing
• Biodiversity

Environmental Achievements

• Achieved a 22.2% reduction in Scope 1 & 2 GHG emissions since 2018
• Completed and audited Scope 3 emissions calculation for 2022
• Improved CDP Climate change score to -A and CDP Water score to B
• Increased renewable energy usage to approximately 9% of total energy use in 2023
• Signed two green PPAs in Israel
• Implemented various waste reduction initiatives resulting in a 3% decrease in hazardous waste and a 2% reduction of waste destined for landfills in 2023

Social Achievements

• Positively impacting the food security of approximately 400 million people daily
• Increased percentage of women in senior management
• Contributed $311K to St. Louis charitable organizations
• Supported over 3000 families with food and donations in Brazil
• Implemented various employee wellbeing initiatives

Governance Achievements

• Secured a $1.55 billion sustainability-linked credit facility
• MSCI ESG rating upgraded to BBB
• Included in Bloomberg’s 2023 Gender-Equality Index for the fifth consecutive year
• Achieved an “Advanced” ranking in the Israeli Corporate Governance and Responsibility ranking by Entropy Corporate Governance

Climate Goals & Targets

Environmental Challenges

• Receding water levels in the Dead Sea
• Climate change impacts on operations and supply chains
• Scope 3 emissions
• Supply chain disruptions
• Counterfeit products
• Regulatory changes
• Wars in Ukraine and Gaza impacting employees and communities

Mitigation Strategies

• Implementing water conservation measures and alternative water sources
• Developing and implementing a decarbonization roadmap
• Measuring and disclosing Scope 3 emissions
• Developing alternative sourcing strategies
• Legal action and engagement with law enforcement to combat counterfeiting
• Proactive communication with stakeholders regarding regulatory changes
• Providing support and assistance to employees and communities affected by wars

Supply Chain Management

Supplier Audits: Assisted over 1,000 suppliers with EcoVadis assessments.

Responsible Procurement

• Global Sustainable Procurement Policy
• Participation in Together for Sustainability (TfS) initiative

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity
• Extreme weather events
• Sea level rise (Dead Sea)

Transition Risks

• Regulatory changes
• Carbon pricing mechanisms
• Shifting market demands

Opportunities

• Development of energy-efficient products
• Renewable energy investments
• Energy storage solutions

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, CDP, UNGC, SBTi

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 46001

Third-party Assurance: ERM Certification and Verification Services Limited (CVS)

UN Sustainable Development Goals

• SDG 2 (Zero Hunger)
• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 15 (Life on Land)
• SDG 17 (Partnerships for the Goals)

ICL's initiatives contribute to these goals through various programs and activities related to food security, water management, renewable energy, sustainable production, climate action, biodiversity conservation, and partnerships.

Sustainable Products & Innovation

• Controlled-release fertilizers (eqo.x)
• Bio-stimulants (Bioz)
• Recycled phosphorus fertilizers (Puraloop)
• Polysulphate
• Energy storage solutions

Awards & Recognition

• EcoVadis top 5% rating
• Maala Platinum+ ranking
• Bloomberg GEI inclusion
• Verdantix EHS Innovation Excellence Award
• IFA Green Leaf Award
• Missouri Water Environment Association Gold Industrial Wastewater Pretreatment Award