ICL Files 2022 Annual Report on Form 20-F

Rhea-AI Summary

ICL, a global specialty minerals company, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC. This report includes Task Force on Climate-related Financial Disclosures (TCFD) details outlining ICL's efforts to mitigate climate change risks and outlines a commitment to establish a decarbonization plan aligned with the Science Based Targets initiative (SBTi). ICL aims to reduce emissions to meet Paris Agreement goals. The annual report is accessible through the SEC and ICL's website. ICL reported revenues of approximately $7 billion in 2021.

Positive

• ICL filed its annual report on Form 20-F for FY 2022, reinforcing transparency.
• Commitment to TCFD for climate risk mitigation aligns with investor concerns.
• ICL's decarbonization plan aligns with SBTi, showing commitment to sustainability.

Negative

• None.

Company commits to setting a decarbonization plan with science-based targets

TEL AVIV, Israel--(BUSINESS WIRE)-- ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). Included, for the second year in a row, are Task Force on Climate-related Financial Disclosures (TCFD), which provide information on what ICL is doing to mitigate the risks of climate change and reduce its carbon footprint. ICL is committed to be aligned with TCFD recommendations structured around four thematic areas of governance, strategy, risk management, and metrics and targets.

ICL also announced it will commit to setting a decarbonization plan in accordance with the Science Based Targets initiative (SBTi), a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Science-based targets provide companies with a clearly-defined path to reduce emissions, in-line with the Paris Agreement goals.

The 2022 annual report can be accessed by visiting either the SEC’s website at www.sec.gov or the company’s website at www.icl-group.com. In addition, shareholders may receive a hard copy of the company’s complete audited financial statements free of charge, by requesting a copy from Investor Relations.

About ICL

ICL Group Ltd. is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company's growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,500 people worldwide, and its 2021 revenues totaled approximately $7 billion.

For more information, visit ICL's website at www.icl-group.com.
To access ICL's interactive ESG report, please click here.
You can also learn more about ICL on Facebook, LinkedIn and Instagram.

Forward Looking Statements

This announcement contains statements that constitute forward-looking statements, many of which can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others.

Forward-looking statements appear in this press release and include, but are not limited to, statements regarding the company’s intent, belief or current expectations. Forward-looking statements are based on management’s beliefs and assumptions and on information currently available to management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, positioning, objectives and expectations, general economic, market and business conditions, supply chain and logistics disruptions, energy storage and electric vehicle growth, the potential for new COVID-19 variants, global unrest and conflict, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof. As a result of the foregoing, readers should not place undue reliance on the forward-looking statements contained in this press release concerning the timing of the transaction, or other more specific risks and uncertainties facing ICL, such as those set forth in the “Risk Factors” section of its Annual Report on Form 20-F filed on February 23, 2022, as such risk factors may be updated from time to time in its Current Reports on Form 6-K and other filings ICL makes with the U.S. Securities and Exchange Commission from time to time.

Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230227005873/en/

Investor and Press Contact – Global

Peggy Reilly Tharp

VP, Global Investor Relations

+1-314-983-7665

Peggy.ReillyTharp@icl-group.com

Investor and Press Contact - Israel

Adi Bajayo

ICL Spokesperson

+972-3-6844459

Adi.Bajayo@icl-group.com

Source: ICL Group LTD

FAQ

What is the significance of ICL's annual report filed on February 23, 2023?

ICL's annual report provides financial performance insights and outlines its sustainability commitments.

How much revenue did ICL report for 2021?

ICL reported approximately $7 billion in revenue for 2021.

What commitments has ICL made regarding climate change?

ICL has committed to a decarbonization plan in alignment with the Science Based Targets initiative.

Where can investors access ICL's annual report?

Investors can access ICL's annual report on the SEC's website or ICL's official website.