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Economic Responsibility

ICL leverages its resources and assets to enhance its growth. \

Economic Performance

Selected Financial Information

US $ millions201820192020
Sales5,5565,2715,043
Operating Income (loss)1,519756202
Adjusted Operating Income750760509
Adjusted Net Income attributable to the Company's shareholders477479258
Cash Flow from Operating Activities620992804

Division profit distribution

To learn more about ICL, please see ICL’s 2020 Annual F-20 Report.

Economic Value Retained

US $ millions
Revenues5,043
Operating costs*3,343
Employee wages and benefits1,104
Payments to providers of capital227
Royalties to Governments77
Payments to governments**70
Community investment9
Economic Value retained212

*Excluding payments of royalties to governments.

** Includes only current taxes.

Impact on State Economics

ICL promotes sustainable development. It provides employment opportunities to local residents and contributes to the communities in which it operates, thereby improving the quality of life in those communities. 

You are invited to read more on the economic impact by ICL in three of its main countries of operations: Israel, UK. and Spain.

1.2
By 2030, reduce at least half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions
8.2
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labor-intensive sectors.
10.2
By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

Responsible Investment

Responsible Investment integrates environmental, social and corporate governance (ESG) aspects, both risks and opportunities, in the investment process. In 2019, ICL Boulby decided to direct its pension fund managers, Mercer, to prioritize responsible investment. Through this prioritization, investment preference will be given to companies and projects that are responsible in terms of their social, environmental and governance action and impact.

Sustainability Reporting Disclosures:
Disclosure: 201-1
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