ICL Publishes Annual Corporate Responsibility (ESG) Report

Rhea-AI Summary

ICL has released its 2023 Corporate Responsibility (ESG) Report, detailing its efforts across various sustainability goals. These include renewable energy usage, workforce diversity, water usage efficiency, waste and material efficiency, and safety measures.

The company has achieved an additional 4% reduction in greenhouse gas (GHG) emissions, totaling a 22.2% decrease relative to a 2018 baseline for Scope 1 & 2 emissions.

ICL emphasizes its transition from a mineral extraction company to a provider of sustainable solutions. CEO Raviv Zoller highlighted the company's commitment to sustainability as both a challenge and an opportunity.

Positive

• Achieved 4% reduction in GHG emissions, totaling a 22.2% decrease from 2018 baseline.
• Prioritized renewable energy usage and improved workforce diversity.
• Enhanced water usage efficiency and waste material efficiency.
• Emphasized safety measures, demonstrating comprehensive ESG goals.

Negative

• No specific financial or revenue data provided.
• Report focuses on sustainability metrics, lacking direct business performance indicators.
• Potential costs associated with implementing ESG measures not disclosed.

Company prioritized wide range of ESG goals in 2023, including renewable energy usage, workforce diversity, water usage efficiency, waste and material efficiency, and safety

TEL AVIV, Israel--(BUSINESS WIRE)-- ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its 2023 Corporate Responsibility (ESG) report has been published. The report provides access to topic-specific information and comprehensive charts, among other data. As part of the company’s commitment to improving its sustainability performance, it continued its ambitious GHG emissions (Scope 1 & 2) reduction efforts, resulting in an additional 4% decrease – down 22.2% to data relative to a 2018 baseline.

“We are proud to present the ICL Corporate Responsibility (ESG) Report for 2023, which demonstrates – to all our stakeholders – that sustainability for us means doing the right thing, in the right way, every day,” said Raviv Zoller president and CEO of ICL. “For ICL, sustainability is both a challenge and a huge opportunity, as we continue on our transformative journey from being a company that extracts minerals to one that leverages its resources and innovation to create sustainable solutions for humanity’s most pressing challenges."

About ICL

ICL Group 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 12,000 people worldwide, and its 2023 revenues totaled approximately $7.5 billion.

For more information, visit ICL's website at icl-group.com.
To access ICL's interactive CSR report, visit icl-group-sustainability.com.
You can also learn more about ICL on Facebook, LinkedIn, YouTube, X 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, and war or acts of terror and/or political, economic and military instability in Israel and its region, including the current state of war declared in Israel and any resulting disruptions to our supply and production chains. 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 March 14, 2024, 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/20240613442858/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 ICL's stock symbol?

ICL's stock symbol is ICL.

What are the key achievements in ICL's 2023 ESG report?

Key achievements include a 4% reduction in GHG emissions, improved renewable energy usage, workforce diversity, and water and waste efficiency.

What reduction in GHG emissions did ICL achieve in 2023?

ICL achieved an additional 4% reduction in GHG emissions in 2023, totaling a 22.2% decrease relative to a 2018 baseline.

How is ICL improving its sustainability performance?

ICL is improving sustainability through renewable energy usage, workforce diversity, water usage efficiency, waste efficiency, and safety measures.

What does ICL's CEO say about the company's sustainability efforts?

ICL's CEO, Raviv Zoller, stated that sustainability is both a challenge and an opportunity, showing the company's commitment to doing the right thing in the right way.