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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
The Company’s sustainable practices integrate ESG (Environmental, Social, Governance) considerations into all its business activities, which embody the Company’s commitment for best-practice corporate governance to ensure a sustainable growth.
ICL’s approach is to fully comply with all provisions of the law, statutes, regulations, treaties, instructions and permits in all its regions of operations. In addition, ICL has taken an additional beyond compliance approach to specific standards and internal procedures to line up with its values, principles and norms of behavior.
The Company’s management, from its Board of Directors, President & CEO, Global Compliance Officer and senior management throughout the organization, are fully committed and take various measures to ensure that the company conducts its business in accordance with the sustainable development guidelines.
ICL’s governance approach starts at the top and includes a board committee that is dedicated to monitoring and enforcing high standards of environment, safety, sustainability, diversity and inclusion, climate-change and social responsibility. The Safety, Environment, Climate, Diversity, Inclusion and Public Affairs Committee is chaired by an external director, Dr. Miriam Haran, who holds an extensive experience in sustainability. The committee is aimed, among other things, to evaluate ICL’s economic, social and environmental impact and ensure compliance with all its legal obligations. The items on the committee’s agenda include environmental, safety, occupational health, diversity, inclusion and belonging (DI&B), social responsibility, climate change and all related risks. The EVP Operations, who also acts as ICL’s CRO, reports to ICL’s President & CEO, and, periodically, on his behalf, to the Board of Directors.
ICL’s ESG practices are focused on social responsibility, including maintenance of the safety and wellbeing of its employees, reduction of environmental impact, and creation of an open dialogue and transparent communication with ICL’s stakeholders, such as authorities, communities and NGO’s.
ICL is committed to providing clear and transparent information to its stakeholders. As part of that commitment, ICL has designed in 2021 a new investor portal on the company website, incorporating an interactive data tool that provides current and historical - financial data, ESG-related indicators and interactive charting capabilities of the company. The financial and ESG data is downloadable to Excel, with high accessibility and visibility for investors.
ICL is a leading global specialty minerals company. We acknowledge that the minerals and chemicals sector is a major energy user and emitter of greenhouse gasses with an imperative to transition to net zero. Moreover, the sector can be an important enabler of the low carbon transition through development of innovative products and services. We are committed to identifying, managing and harnessing the risks and opportunities that climate change and the low-carbon transition may bring. One of our expressions of this commitment is our support of the Task Force on Climate-related Financial Disclosures (TCFD). For more information see ICL's 2021 Annual Report (pp.95-104).
Read MoreIntegrity, fairness and prevention of bribery and corruption are central values of ICL’s organizational culture.
As a leading global company, ICL is careful to comply with trade regulations and prevent bribery and corruption, therefore, the company’s compliance policies and programs are characterized by a high standard of caution, adopting heightened European and American standards. These also include privacy laws, such as the GDPR (General Data Protection Regulation).
ICL has multiple platforms to support its policies, including training for employees and managers, hotlines, cybersecurity and more.
To ensure that ICL’s values are integrated into its day-to-day actions, it has set and published policies regarding:
ICL also has a policy of involvement and investment in society and the community. ICL focuses on being involved in and cooperating with the communities where its employees live and in which the Company operates.
