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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
ICL is committed to identifying, managing and harnessing the risks and opportunities that climate change and the low-carbon transition may bring. This commitment is reflected in company's support of the Task Force on Climate-related Financial Disclosures (TCFD). ICL has published its first TCFD disclosure in its 2021 Annual Report (Item 4).
The disclosure addresses the Task Force on Climate-related Financial Disclosures’ main sections of: Governance, Strategy, Risk Management, and Metrics and Targets. ICL recognizes that this is the beginning of a new level of disclosure, and looks forward to enhancing its understanding and management of climate-related risks, and reporting in the coming years.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Since 2011, ICL has been reporting on its emissions and efforts regarding climate change to the CDP. The report includes a comprehensive breakdown of ICL’s greenhouse gas emissions, reduction targets and initiatives, climate change related risks, opportunities and business strategy, participation in emission trading schemes, external verification and other related topics.
For its 2021 disclosure, ICL received a B ranking. ICL also received the score of A, in the CDP’s sub-ranking of Supplier Engagement Rating (SER). The SER is based mostly on company efforts to increase awareness of climate change with their suppliers.
This achievement was mostly made possible because of the significant expansion in ICL’s sustainable procurement practices in recent years, and most notably ICL’s activity through the comprehensive TfS (Together for Sustainability) supplier engagement program.
| Year | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICL CDP scores | 90 B | 84 B | 98 B | 98 A | 99 B | A- | A- | B | A- | A- | B |
| Materials sector average | 64 C | 68 C | 72 C | 80 C | 87 C | B | B | C | A- | C | B |
*Until 2015 there were two separate scores (for disclosure and performance). From 2016 on, there is one combined score.
As part of the Paris Agreement, Israel is required to have a national registry for Measurement, Reporting and Verification (MRV). ICL has been reporting voluntarily on its GHG emissions consecutively for over a decade.
