We are committed to creating responsible solutions to humanity’s sustainability challenges in the global food, agriculture, and industrial products markets.
A Letter from Our President & CEO
Raviv Zoller
We are proud to present the ICL Corporate Responsibility (ESG) Report for 2023, which demonstrates that we achieved much more than financial performance in the recent year.
We continue to lead as a specialty minerals company that provides solutions for some of humanity’s most pressing challenges. Our vision to create positive impact on our world drives us forward, as we aim to make significant impact by creating solutions that allow safe progress for humanity.
Sustainability for us means ‘doing the right thing, in the right way, every day’. Building upon this foundation, in 2023 we proudly embraced the UN Sustainable Development Goals (SDGs) as ICL’s guiding principles. The SDGs encapsulate our vision for a better future and serve us as a compass, directing our actions towards meaningful impact. By integrating the SDGs into everything we do, we strive to drive progress for our people, business partners, communities, and the planet. We recognize that our unwavering commitment to excellence, transparency, and accountability must be an ongoing journey requiring strong partnership with all of our stakeholders.
Our Contribution to Food Security
From our Fertilizers business
ICL is at the forefront of the global effort to combat world hunger and is making a substantial impact on food security, feeding approximately 400 million people every day. As a key player in fertilizer production for agriculture
and specialty solutions used in the food industry, ICL significantly contributes to nutritional security by enhancing agricultural output, improving food quality, and extending shelf life
Our approach to sustainability
We work to promote and practice innovative sustainable solutions via four main pillars:
Environment
Since we are well-aware of the potential risks in our field of work, we constantly promote the highest standards of environmental and ecological responsibility as a means of improving our sustainable approach.
Our people
At ICL we are proud to call over 12,000 people worldwide our employees and family members. Together, we work to create a safe, inclusive, and diverse workplace for all our employees.
Our community
Our core social vision is based on our responsibility towards our community. We utilize our products, resources, and expertise to empower entrepreneurship, innovation, and excellence in the communities in which we operate.
Our products
As a global company, we take full responsibility and care for the products we produce and sell. Product stewardship is an inherent part of ICL’s operations and applies throughout all stages of product life, from extraction of raw materials, through the use phase, and up to the end of a product’s life.
Our strategy
Sustainability goals for 2030
Greenhouse gas emission
Absolute GHG emissions scope 1, 2, reduction of 30% by 2030 (2018 as the baseline) and becoming carbon neutral by 2050 with respect to Scope 1 and 2 emissions.
Employee responsibility
Promoting personal environmental responsibility and creating social impact through volunteer work and social development programs.
Renewable energy usage
Increasing the share of renewable energy consumption to 50% by 2040 (2018 as the baseline)
Achieve and sustain market leadership
Maintaining and improving our rankings in sustainability and ESG indexes.
Circular economy
In 2023, ICL increased its circular economy impact by achieving a 4% reduction in freshwater use and enhancing recycling of waste streams across its operations.
Environmental organizations
Keeping an open channel of communication with the world’s leading environmental organizations.
Sustainable procurement
Promoting Sustainable Procurement as part of the TfS initiative with an annual target of 1,000 TfS validated suppliers.
Social investment
Giving back to communities by contributing 1% of our annual earnings to social responsibility goals and community initiatives.
Environment
Sustainability is a key pillar of our business strategy. By aligning financial strategies with environmental commitments and adhering to regulations, ICL aims to minimize its environmental impact and ensure sustainable business practices.
Social
At ICL, we recognize the importance of fostering relationships with stakeholders, promoting fair and ethical practices, and making a meaningful contribution to our communities. As a preferred employer we prioritize the well-being and growth of our employees and cultivate a culture of leadership, integrity, diversity, and inclusion and inspires our employees to reach their full potential. Through their dedication and engagement, we strive to create a positive social impact in the world.
Governance
ICL’s governance structure and committed leadership drive the development of a cohesive ESG strategy. Integrated ESG practices enable effective risk management for sustainable value creation and long-term growth. We operate with integrity, fairness, and ethical behavior, prioritizing the interests of our shareholders and other stakeholders. Our practices not only meet regulatory requirements but uphold the highest ethical standards, ensuring transparency, high standards of corporate governance and accountability.
Awards and Recognition
Bloomberg Gender-Equality Index
The first fertilizers company and the first Israeli company to be included in the Bloomberg Gender-Equality Index (GEI). In 2023, for the fifth consecutive year, selected as one of 484 companies across 45 countries and regions to be included in the GEI
Bloomberg
Industry-leading member for the fifth consecutive year
BDi Code
ICL ranked 14th in the 2023 BDi ranking for Best Companies to Work for in Israel and ranked 1st among industrial companies.
CDP
ICL earned an improved score of -A (up from B) in the 2023 CDP Climate Change Disclosure and a higher score of B (up from C) in the 2023 CDP Water Security Disclosure.
FTSE4Good
Included in the FTSE’s index for strong ESG practices for the fourth time in 2023
EcoVadis
EcoVadis ESG rating Gold medal
The ranking recognizes ICL in the top 5% of 75,000 companies
Maala ESG Index
Top ranking in Israel's 'Maala' ESG index, with a Platinum+ ranking for the fifth consecutive year in 2023
IFA
ICL Iberia - Suria awarded IFA's Green Leaf Award for safety, health, and environmental excellence in the Phosphate/Potash Producer Category.
Entropy
The Israeli ESG Rating firm 'Entropy Corporate Governance' upgrades ICL's corporate governance rating to "Advanced," recognizing the company's strong practices.
Verdantixs
ICL won the prestigious Verdantixs global competition award for Innovation, Excellence and Improving EHS performance in the fields of safety and social impact.
Our commitment to the UN’s Sustainable Development Goals (SDG)
ICL was among the first companies around the world to incorporate the UN’s SDGs in our product line, materials, and practices. We stay committed to the UN’s goals in all our activities and continue to thrive to improve people’s lives and the environment.
Things that Make us Proud
100 years of accomplishments
ICL proudly celebrates 100 years of its rich history, innovation, and remarkable achievements by commemorating a century of accomplishments. We gathered with employees and esteemed guests to honor our journey and reflect on the milestones that have shaped our success. Through this celebration, we highlighted the enduring spirit and dedication that defines ICL.
Diversity: Fostering Gender Equality and Inclusion
ICL has committed to becoming a more inclusive and attentive organization, we value diversity as a catalyst for innovation and growth. With great pride, we announce that 23% of our senior management positions are held by talented women. For the fifth consecutive year, ICL has been recognized by the Bloomberg Gender-Equality Index, reaffirming our commitment to promoting gender equality in our organization. Our company is proud of the unique perspectives and contributions that women bring to our leadership team.
Environmental Performance: Commitment and Progress
ICL is committed to mitigating our environmental impact, and we are thrilled to share our progress in this area. We have achieved an impressive 18% reduction in greenhouse gas (GHG) emissions compared to our 2018 baseline. Additionally, we have made a commitment to the Science-Based Targets initiative (SBTi), further increasing our dedication to setting ambitious goals and pursuing sustainable solutions for a better future.
Employee of Choice - Recognitions and Accolades
ICL's positive work environment and commitment to our employees have garnered recognition and accolades. These recognitions reaffirm ICL's efforts in fostering an environment where our employees thrive.
● ICL has been acknowledged as one of Israel's Top 15 companies by the BDi Index.
● Ranked by the N12 Index: ICL has been included in Israel's 50 most desirable workplaces.
● Nominated as one of the top Workplaces in Greater St. Louis, a testament to our dedication to creating a positive and rewarding work culture for our employees.
Global Crisis Response
At ICL, we believe in leveraging our resources and expertise to make a positive impact in times of crisis around the world. In response to the crisis in Ukraine we actively participated in various initiatives aimed at providing relief and aid to those in need. ICL swiftly dispatched our dedicated rescue teams to Turkey following a severe earthquake as first responders, our teams worked tirelessly to provide immediate assistance and support to the affected communities, showcasing our unwavering dedication to humanitarian efforts.
Giving Back to Our Communities - Making a Difference
ICL is committed to our communities. We are proud to contribute $14.5 million, to support social causes and initiatives that create a positive and lasting impact. We actively engage with our communities, collaborating with local partners, and encouraging our employees to volunteer their time and skills to create a better future for all. In 2022, our employees reached 60,000 of volunteering hours. We firmly believe that by working together, we can achieve meaningful and lasting change.
Greener energy solutions
ICL plans to build a LFP cathode active material manufacturing plant in St. Louis, Missouri. The plant is expected to be the first large-scale LFP material manufacturing plant in the US and is designed to produce high-quality LFP material for the global lithium battery industry, as ICL Leads the efforts in U.S. to Develop Sustainable Supply Chain for Energy Storage Solutions, with $400 Million Investment. The LFP plant represents a significant expansion of ICL’s energy storage portfolio and demonstrates the company’s commitment to developing high-quality specialty products for agricultural, food and industrial applications.