ICL Publishes Annual CSR Report

Rhea-AI Summary

ICL (NYSE: ICL) has published its 2020 Corporate Responsibility Report, featuring over 140 topic-specific pages and interactive content.

The company aims to transform its operations towards sustainable solutions, committing to carbon neutrality by 2050 and a 30% reduction in greenhouse gas emissions by 2030. ICL also plans to transition to 50% renewable energy by 2040 and enhance its circular economy initiatives.

With 2020 revenues around $5 billion, ICL continues to lead in global specialty minerals, employing over 12,000 people worldwide.

Positive

• Commitment to carbon neutrality by 2050.
• Target to reduce greenhouse gas emissions by 30% by 2030.
• Plans to increase renewable energy consumption to 50% by 2040.
• Engagement in community support by contributing 1% of pre-tax income.

Negative

• None.

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its 2020 corporate responsibility report has been published. The on-line report provides easy access to more than 140 topic-specific web pages and also contains interactive features, including short films and dynamic data charts.

“We are on a mission, transforming from a company that extracts minerals to a company that uses its minerals to create sustainable solutions for humanity. Our vision includes ambitious sustainability goals aimed at addressing the major challenges facing society and the global environment,” said Raviv Zoller, president and CEO of ICL. “As an industry leader in ESG, ICL is committed to becoming carbon neutral by 2050 and, in an effort to provide increased transparency regarding all sustainability issues, we are adopting TCFD reporting, beginning with our 2021 fiscal year.”

In addition to its commitment to become carbon neutral by 2050, ICL expects to reduce absolute greenhouse gas emissions by 30% through 2030, to increase its share of renewable energy consumption to 50% through 2040, and to increase its circular economy and water savings impact by an additional 3% annually. The company also plans to support the communities where it operates by contributing 1% of pre-tax income and by promoting personal environmental responsibility and volunteering among its employees.

About ICL

ICL Group is a leading global specialty minerals company, which also benefits from commodity upside. The company creates impactful solutions for humanity's sustainability challenges in global food, agriculture, and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation to drive growth across its end markets. ICL shares are dually 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 2020 revenues totaled approximately $5.0 billion.

For more information, visit ICL's website at www.icl-group.com.

To access ICL's interactive Corporate Social Responsibility report, please visit 2020 ICL CSR Report.

You can also learn more about ICL on Facebook, LinkedIn and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005214/en/

FAQ

What are ICL's sustainability goals announced in 2020?

ICL aims to achieve carbon neutrality by 2050 and reduce greenhouse gas emissions by 30% by 2030.

How much did ICL earn in 2020?

ICL reported approximately $5 billion in revenues for the year 2020.

What is the significance of ICL's 2020 Corporate Responsibility Report?

The report outlines ICL's commitment to sustainability and its goals for reducing environmental impact.

When does ICL plan to adopt TCFD reporting?

ICL plans to adopt TCFD reporting starting with its 2021 fiscal year.