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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
ICL’s Board of Directors is responsible for setting ICL’s overall strategic direction, including climate-related matters. The Board acknowledges that climate change is a material governance and strategy issue. Therefore, it has appointed the Safety, Environment, Climate, Diversity, Inclusion and Public Affairs Committee to assists it with fulfilling responsibilities relating to the oversight of climate-related issues, such as climate-change risk assessment and mitigation plans, installation of renewable energy facilities, site decarbonization plans, implementation of circular economy, achieving water saving targets and the like. For further information, click here or see “Item 6 –Directors, Senior Management and Employs— C. Board Practices—Our Board Committees”.
We are taking a systematic approach to reduce our GHG emissions across our global operations. ESG KPIs and targets, including climate related targets, have been embedded in executive measures for success and financial performance-based benefits for key executives.
To track and manage our progress in regards to ICL’s GHG emissions, we have created digital, interactive dashboards. These dashboards allow employees and managers to view GHG emissions on a corporate level and by various analyses such as specific sites, business segments, regions and more.
ICL has successfully audited and conducted a third party assurance on total Scope 1 and 2 GHG emissions. The audit was performed by ERM CVS. The public independent assurance statements can be viewed here:
ICL’s GHG inventory analysis is calculated according to the GHG Protocol. The GHG emissions include all direct (“Scope 1”) and indirect energy-related (“Scope 2”) emissions of the primary known greenhouse gasses, including: CO2, CH4, N2O and HFCs/HCFCs and SF6. During the years reported there was no consumption or emissions of PFCs or NF3. Direct emissions include emissions from stationary and mobile fuel combustion, refrigerants, non-energy related process emissions and emissions from onsite wastewater treatment facilities. Indirect energy-related emissions include the calculated emissions resulting from consumption of purchased electricity, steam, heating and cooling.
Approximately 6% of ICL’s Scope 1 emissions are covered under emission-limiting regulations.
We have updated some of the data from previous years. Regarding restatements see About This Report.
The long-term trend is a decrease in GHG emissions. There was a slight increase in emissions in 2021 versus 2020. It was mainly due to decreased production activities during the COVID pandemic in 2020 and an uptick in activities in 2021.
| Units | 2018 | 2019 | 2020 | 2021 | Reduction 2021 vs 2018 | % Reduction 2021 vs 2018 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | CO2e tonnes (thousands) | 2,220 | 2,233 | 2,140 | 2,158 | 62 | 3% |
| Scope 2 (market) | CO2e tonnes (thousands) | 720 | 416 | 367 | 380 | 338 | 47% |
| Total Scope 1+2 | CO2e tonnes (thousands) | 2,940 | 2,649 | 2,507 | 2,538 | 400 | 13.70% |
GHG emissions intensity represents the total Scope 1 and 2. GHG emissions normalized by sales in USD — Scope 1 and 2 GHG Emissions/Revenue $M. This allows ICL to compare between different business segments or regions within the Company. There has been a reduction in ICL’s GHG intensity. Though there was a slight increase in ICL’s GHG emissions, there was a major increase in sales.
| Units | 2021 | |
|---|---|---|
| Carbon Offsetting | CO2e tonnes (thousands) | 0 |
ICL has established a decarbonization roadmap to achieve its carbon neutral GHG emissions target by 2050. The near-term milestone is to reduce Scope 1 and 2 GHG emissions by 30%, by 2030 (vs 2018 baseline). ICL supports the global effort initiated by the Paris Agreement, to reduce GHG emissions at a pace that limits global warming to no more than 2℃.
ICL has already implemented several measures and processes in its decarbonization roadmap. The reduction trend of 2018-2021 is a result of three main processes:
Total Scope 1 and 2 GHG emissions were reduced by 13.7%
Other measures in the Decarbonization Roadmap for future implementation include:
Read more in the 2021 Annual Report, pages 103-104
ICL expects to implement major renewable energy projects. One of the projects is a PV plant that combines green hydrogen production in the Dead Sea facilities (Green hydrogen is defined as hydrogen produced by splitting water into hydrogen and oxygen using renewable electricity).
