Climate Change Data

Intrepid Potash, Inc.

Climate Impact & Sustainability Data (2021-2023)

Reporting Period: 2021-2023

Environmental Metrics

Total Carbon Emissions:32996 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:32996 tCO2e/year
Scope 2 Emissions:65889 tCO2e/year
Renewable Energy Share:0%
Water Consumption:10449 thousand m3/year (freshwater consumption)
Carbon Intensity:0.08 tCO2e/ton (Scope 1), 0.16 tCO2e/ton (Scope 2) (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced emissions intensity through higher potash production (goal to reduce Scope 1 and 2 emissions intensities by 5% by the end of 2026 compared to 2023 baseline).

Social Achievements

  • Improved safety metrics (Total LTIR of 0.0 in 2023, down from 1.37 in 2021; Total TRIR of 1.07 in 2023, down from 1.57 in 2021).
  • Established an after-school program for underprivileged children in Carlsbad, New Mexico.

Governance Achievements

  • Established the Environmental, Health, Safety, and Sustainability (EHSS) Committee in 2022.
  • 86% of votes cast at the 2024 Annual Meeting of Stockholders were for advisory approval of executive compensation.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Evaluate the viability of incorporating renewable energy into operations.
Short-term Goals:
  • Reduce Scope 1 and 2 emissions intensities by 5% by the end of 2026 compared to 2023 baseline.

Environmental Challenges

  • Prolonged periods of precipitation or cooler weather could reduce evaporation rates and potash production.
  • Drought or decreased mountain snowfall could impact brine levels at Wendover.
  • Compliance with new regulations.
Mitigation Strategies
  • Implementing risk mitigation strategies reviewed by management and the Board.
  • Focusing on higher potash production to improve emissions intensity.
  • Evaluating options to reduce emissions, including renewable energy and carbon credits.

Supply Chain Management

Responsible Procurement
  • Assessments to ensure suppliers have high standards around product quality

Climate-Related Risks & Opportunities

Physical Risks
  • Prolonged periods of precipitation or cooler weather
  • Drought or decreased mountain snowfall
Transition Risks
  • Compliance with new regulations
Opportunities
  • Increased production leading to improved emissions intensity

Reporting Standards

Frameworks Used: TCFD, SASB

Certifications: Safe Feed/Safe Food, OMRI Listed®

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 3 (Good Health and Well-being)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)

Intrepid's solar solution mining, water conservation efforts, employee well-being programs, community engagement, and focus on sustainable production methods contribute to these goals.

Awards & Recognition

  • 2020 and 2021 Sentinels of Safety Award (East Trio® mine)