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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
It is a great pleasure to present you with the 2020 ICL CSR report. The past year is a strong testament to the Group’s ability to maintain its course, adapt and thrive, despite an unprecedented period of global disruption. It has also shown us how resilient we are and, in many ways, brought us together, despite the social distancing we had to practice. The pandemic strained supply chains, production systems and commercial services worldwide. It also brought to light the enormity of the challenges we expect to face in the coming decade, during which we anticipate increased disruption and uncertainties, including those resulting from the climate crisis and various related challenges for humanity.
ICL responded proactively to the obstacles of the past year, successfully ensuring our employees and contractors health and safety, while maintaining our business continuity and financial success. Facing looming global challenges, we remain on course by using the United Nations’ Sustainability Development Goals (SDG) as our beacon. We view the climate crisis as one of the greatest challenges humanity has ever faced but, as an industry leader in ESG, we are committed to creating responsible solutions that have positive impact on humanity’s sustainability challenges in the global food, agriculture, and industrial products markets.
To meet the challenges of the climate crisis, we aim to reduce our GHG emissions by 30% by 2030 and to become carbon neutral by 2050. We have also been busy looking to the future, by redesigning products for the emerging circular economy, introducing a roadmap and clear targets for ICL’s decarbonization, and continuously making good on our commitment to rapidly diversify our workforce – especially our management.
We have concrete plans to achieve a 30% reduction in ICL’s carbon footprint by 2030 (compared to our 2018 baseline) and are on track for net zero emissions by 2050. ICL is also meticulously mapping the potential for decarbonization across the full value chain of our core products, with detailed lifecycle analysis of our products’ climate impacts. Decarbonization activities include aggressive introduction of renewable energy, cutting-edge energy efficiency efforts, and the replacement of carbon intensive assets and practices. These activities will materialize over the course of the coming decade and will be key to our progress toward net zero emissions by 2050.
We are also on course to reach our goal of employing women in at least 30% of all management positions and have achieved over 20% this past year, up from just 13% in 2018. We view overall diversification as an essential element of our social fabric and resilience, as introducing new and innovative perspectives will benefit ICL in navigating the challenging times ahead.
As a leading manufacturer and supplier of essential ingredients for the food supply chain, ICL’s resilience translates into food security for our many customers and for humanity at large. We view our leadership role across vital global supply chains both as a responsibility and as a business opportunity. The growth of our future business is now intertwined with our Sustainable Development Goals of Zero Hunger (SDG2) and Climate Action (SDG13).
Our annual CSR report details multiple environmental, social and governance-related activities that we and our stakeholders engage in and view as material and necessary to our long-term sustainability and resilience. While there is still much work to do, we are confident in our success, thanks to our dedicated and innovative employees and managers. Their passion and support of our commitments and legacy for the next generations has remained unwavering, despite this past year’s hardships.
We invite you to explore ICL’s CSR report as well as to leverage the information and insights it contains. It is key to understanding ICL’s roadmap and commitment to our planet, our people and the communities in which we operate. We at ICL look forward to receiving your comments, questions, and additional insights, in order to continue to engage with you on these topics and further improve our performance.
Pleasant reading!
