Environmental awareness is driving extensive positive change in our industry. More stringent environmental regulations are creating the need for new, more sustainable products, while also requiring the structured management of every aspect of our product development and organizational operations.
ICL is unconditionally committed to sustainable development and environmental protection. As part of this commitment, we collaborate as full partners with governments, regulators, customers, academia and industry bodies, working together to achieve our joint goal of balancing environmental responsibility with civilization’s needs for natural resources and products. We believe that this is the key to our future success and the long-term sustainability of our operations.
ICL operates according to the following environmental guiding principles¹ :
To make our company as sustainable as possible, we evaluate – and, where necessary, redesign – all stages of our production processes, to minimize environmental impact. Besides reducing our environmental footprint, this process makes our operations more efficient and has been found to reduce costs.We make significant investments to reduce, control and manage the environmental risks associated with our activities. In 2016, we have invested approximately $76 million on issues related to environment and environmental protection projects, and in 2017 we plan to invest a further $112 million in the same field.
In addition, we focus on the development of new products designed to contribute to the world’s long-term sustainability. Among others, we have launched new lines of flame retardants which increase usage safety, mercury emission reduction solutions for coal-fired power stations, water purification and treatment products and systems, and a wide range of advanced fertilizers which help to maximize the nutrient plant usage and minimize pollution
¹These principles are valid to both the entire ICL organization, and specifically to all daughter companies in which ICL holds operational control, as detailed in p. 419 of the ICL 2016 annual financial report.
Some examples of our environmental activities include:
> By 2016, we reduced the total greenhouse gas emissions of our global plants by 25% as compared with 2008. This reduction was mainly achieved due to the strategic transition from fuel oil to natural gas combustion, energy efficiency programs and utilization of new technologies at the DSM and F&C plants (both registered as CDM² projects.
> We have mapped the carbon footprint of approximately 60 of our leading products, and annually measure the GHG emissions of virtually all of our global facilities. As a result of our comprehensive reporting and efforts and of the significant reduction in ICL’s emissions, the Carbon Disclosure Project (CDP) has awarded us the second best possible score, A-, for our 2017 report³ .The 2017 score places us among the top 25% scores among over 2,000 global reporting companies. Our score is the second best among global fertilizers producers, and is tied for best score of an Israeli-based company. In 2014, ICL was also included in the CDP CPLI (Carbon Performance Leadership Index) – an exclusive list of global companies that have excelled in emission reduction and climate change mitigation. ICL is the only Israeli-based company that was included in the exclusive CPLI list so far.
²CDM= Clean Development Mechanism.
³The CDP 2017 report includes 2016 data.
> ICL is also one of the first companies to voluntarily report its GHG emissions to the environmental protection ministry of Israel. The organization has been reporting to this mechanism since it’s foundation in 2011, and continues to report and to contribute from our extensive experience in the field to the development of the voluntary reporting mechanism, through dialog with the ministry’s representatives.
** The CDP 2017 report includes 2016 data.