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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
ICL is a specialty minerals company. As such, it has mining sites and production facilities worldwide. ICL is aware of the potential impact of its operations and products. As a major industrial manufacturer, ICL has set for itself a GHG reduction target of 30% (vs 2018) by 2030 and carbon neutral by 2050. On top of its GHG reduction target, the Company continues to invest in environmental protection, pollution prevention and impact reduction, increasing the efficiency of production facilities while enhancing environmental procedures and measures.
Ensuring that our operations, products and distribution systems are safe and secure for employees and our site contractors as well as guests, distributors, suppliers and the communities in which our facilities are located, is part of our ‘Environment, Safety, Health and Security’ policy.
Environmental Related Goals
Resilient food production systems are critical, now more than ever, for food security. ICL’s vital role is expected to expand as climatic uncertainty impacts humanity’s global supply chains. Our “Zero Hunger” goal (SDG2) is now intertwined with Climate Action (SDG13).
ICL approved and updated its sustainability vision to include both a medium-term target to reduce 30% of its GHG emissions by 2030 (vs. a 2018 baseline) and a long-term goal of becoming carbon neutral by 2050. ICL’s approach is systematic and the Company is moving in sync on all fronts. Encompassed in this systematic approach, is the establishment of internal financial tools that contribute to decision making.
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In September 2021, our Company entered into a €250 million sustainability-linked loan ("SLL") agreement. The loan is an innovative step forward in our ongoing sustainability efforts and includes three sustainability performance targets. These targets were designed to align with our sustainability strategy and goals, and each will be assessed at specific times during the term of the loan by third-party certification.
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One of the main environmental issues, related to ICL’s activity, is air emissions. ICL is continuously reducing its emissions, striving for additional improvement. This issue has become a focus in recent years in Israel, where ICL sites are obligated to adhere to new regulations, with emphasis on the Israeli Clean Air Law. This requires significant investments, which have already produced results in the form of significant air emissions reductions, which are expected to continue in upcoming years.
Read MoreWe continuously invest in capital projects towards environmental protection, health and safety and in their proactive management. In 2021, we invested approximately $122 million on environmental related projects, out of which $52 million were in our property, plant and equipment, and $70 in on-going environmental protection. Over the next few years, we intend to invest significant capital to further reduce our air emissions, treat hazardous materials and reduce our overall negative environmental impact. These include investments required to comply with the Israeli Clean Air Law, European environmental regulation, and other regional environmental regulation. We estimate that in 2022 we will spend approximately $197 million on environment related purposes.
ICL applies an overall policy of corporate responsibility and sustainability that integrates social, economic and environmental considerations into all its business activities. This policy includes responsible management and continuous improvement in all sustainability aspects: reducing environmental impact; health and safety; product stewardship throughout the entire product lifecycle; responsible use of natural and land resources; advanced mine reclamation, assuring transparency with all stakeholders.
ICL invests extensive resources in training and mentoring, as well as other safety measures, in order to continuously improve occupational safety and health, environmental management and prevent accidents.
For details on environmental enforcement within the reporting period, see “Management Approach”.
ICL develops products and methods that enable it to be an active participant in circular economy efforts. It is piloting and implementing production processes to close loops in its own facilities, and developing products from its own by-products, as well as producing new products from waste.
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Currently, the water level in the Dead Sea is receding at a rate of around 1.1 meters a year, causing its surface area to shrink. Most of the decrease in water levels is caused by the drastic reduction in the quantity of water entering the Dead Sea from its sources. Water which used to flow into the Dead Sea in the past had since been dammed and diverted upstream, by Israel and neighboring countries, for domestic, industrial and agriculture purposes. Unfortunately, the decline in the sea level will continue, even if all industrial operations are halted in the southern basin of the sea. The channeling of water to the southern basin provides an economic basis for industries and tourism, that were developed on the banks of the evaporation ponds in the southern part of the Dead Sea, to continue thriving.
Read MoreICL Iberia has implemented numerous measures to control and manage its salt deposits at Suria and Sallent. It manages the salt deposited using Best Available Techniques. A multi‑year program is currently underway to restore ICL Iberia’s salt deposits, while concentrating efforts on wastewater drainage and sludge treatment.
Read MoreICL is on a continuous path towards operational excellence. While the company strives to minimize any potential negative environmental impact, it is also searching for ways to enhance the benefits of its products.
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