Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Health and Safety
• Community Development
• Operational Excellence

Environmental Achievements

• 84% reduction in CO2 emissions since 2009
• OCI Nitrogen achieved zero recordable incidents in nitrates lines
• OCI Nitrogen reduced annual fine particle emissions from 174 metric tons to zero with its COOL! technology

Social Achievements

• Launched Chemelot2Discover, an educational program for children
• Frans Scheeren, Plant Manager at OCI Nitrogen, won Plant Manager of the Year 2014
• IFCo created approximately 2,500 jobs during peak construction

Governance Achievements

• Expanded Board composition with the appointment of two non-executive directors
• Established a Health, Safety and Environment (HSE) Committee
• Successfully demerged the Engineering & Construction Group

Climate Goals & Targets

Environmental Challenges

• Limited natural gas availability in Egypt impacting utilization rates at EFC and EBIC
• Economic and political conditions in operating markets
• Potential risks associated with joint ventures

Mitigation Strategies

• Egyptian government taking measures to improve gas supply
• Diversification of market presence and production portfolio
• Close monitoring of joint ventures and divestment of non-core businesses
• Hedging strategies for natural gas price fluctuations and foreign exchange risk

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Diesel Exhaust Fluid (DEF)

Awards & Recognition

• Dutch Chemical Industry Association’s Responsible Care prize (2013)
• Top three for the European Business Awards for the Environment’s ‘sustainable process’ prize (2014)

Environmental Metrics

ESG Focus Areas

• Occupational health and safety
• Environmental impact and climate change
• Energy efficiency
• Local economic development
• Food security through nutrient stewardship
• Employee development
• Ethics and integrity
• Stakeholder engagement

Environmental Achievements

• Improved group-wide energy intensity by 7% over 2015
• 3% reduction in the group’s year-on-year ammonia energy intensity
• 45% annual reduction in NOx emissions per metric ton of production at OCI Beaumont (due to SCR unit installation)
• 75% decrease in nitrous oxide emissions at OCI Nitrogen (due to catalyst replacement)
• Reduced annual fine particle emissions from 174 metric tons to zero at OCI Nitrogen (due to COOL! technology)
• IFCo's state-of-the-art technology resulted in near-zero N2O emissions (2% of best-in-class average) and NOx emissions at 19% of the global average.

Social Achievements

• Four out of seven operating plants achieved zero recordable injury rates, and five achieved zero lost time injury rates in 2017.
• Total recordable injury rate down by 64% over the last four years.
• IFCo created approximately 200 permanent jobs and peak construction activity created over 3,000 jobs.
• Natgasoline created approximately 2,000 construction jobs and will create approximately 108 permanent jobs.
• OCI Beaumont provided approximately 210,000 meals to the needy through the SETX Food Bank and employees volunteered approximately 400 hours.
• OCI Beaumont employees volunteered more than 3,000 hours to help families impacted by Hurricane Harvey.
• More than 2,000 students and young professionals benefited from training or education opportunities.

Governance Achievements

• Implementation of the New Dutch Corporate Governance Code
• Expansion of sustainability reporting
• Revisions of By-laws and policies
• Strategic review of OCI’s succession planning and organizational design

Climate Goals & Targets

Environmental Challenges

• Depressed and highly volatile fertilizer markets with selling prices reaching multi-year lows.
• Unplanned seven-month shutdown at Sorfert Algeria.
• Unavailability of EBIC's export jetty in Egypt (January-July 2017).
• Impact of Hurricane Harvey on OCI Partners.
• Nitrogen fertilizer markets were volatile in 2017. Prices remained well below historical mid-cycle levels and were amongst the lowest reached since 2004.

Mitigation Strategies

• Diversified product portfolio mitigating the impact of depressed fertilizer markets.
• Successfully addressed major issues at Sorfert by December 2017.
• EBIC regained access to its export jetty in July 2017.
• Insurance coverage for losses from Hurricane Harvey and Sorfert shutdown.
• Optimized global commercial organization and ability to rapidly adapt production mix to market volatility.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Promoting best practices across the supply chain

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, European Commission’s guidelines on non-financial reporting

Certifications: ISO 9001, ISO 14001, OHSAS 18001, REACH, ISCC, NTA8080

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• No Poverty
• Zero Hunger
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Responsible Consumption and Production
• Climate Action
• Life on Land

OCI's contributions to SDGs are described in the Sustainability Report.

Sustainable Products & Innovation

• Exacote coated fertilizer blends
• Bio-methanol
• Diesel Exhaust Fluid (DEF)

Awards & Recognition

• VNCI Responsible Care prize (2013)
• Top three for the European Business Awards for the Environment’s ‘sustainable process’ prize (2014)

Environmental Metrics

ESG Focus Areas

• Climate change action
• Health, safety and wellbeing
• Diversity & inclusion
• Responsible business practices
• Water in our operations

Environmental Achievements

• Reduced GHG Intensity (scope 1 & 2) to 2.38 ton CO2e/N-ton from 2.29 in 2021
• Achieved 0% freshwater consumption in water-stressed regions in October
• First ammonia producer in Europe to produce and sell ISCC PLUS certified green ammonia
• First to receive ISCC EU and ISCC PLUS certification for green methanol

Social Achievements

• Lost Time Injury Rate (LTIR) of 0.08 and Total Recordable Injury Rate (TRIR) of 0.40 per 200,000 man-hours
• 21.8% women in senior leadership positions
• 100% compliance concerns investigated
• Donated $1.5 million to World Central Kitchen

Governance Achievements

• Achieved investment grade ratings from S&P, Moody's, and Fitch
• Executive Directors’ compensation tied to sustainability metrics
• All 46 compliance concerns investigated

Climate Goals & Targets

Environmental Challenges

• Slight deterioration in safety performance compared to 2021
• Challenging global markets and volatile energy markets
• Supply chain disruptions due to high energy prices in Europe
• Range-bound methanol prices and major turnarounds in Q4 2022

Mitigation Strategies

• Relentless focus on operational and process safety
• Ongoing campaigns and learning programs to foster a healthy work environment
• Utilizing globally diversified platform with competitive feedstock and logistics advantages
• Accelerated deleveraging and capital return to shareholders

Supply Chain Management

Responsible Procurement

• Business Partner Code of Conduct
• Integrity Due Diligence Program

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions
• Natural disasters

Transition Risks

• Changes in market dynamics
• Legislation
• Technology

Opportunities

• Development of low-carbon products
• Hydrogen economy opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN Global Compact

Certifications: ISO 14001, ISO 45001, ISO 50001, ISCC PLUS, ISCC EU, OSHA VPP Star Site

Third-party Assurance: KPMG Accountants N.V. (2022), PwC Accountants N.V. (2023)

Sustainable Products & Innovation

• Green methanol
• Blue and green ammonia
• Bio-MTBE
• DEF