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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
We are committed to making an impact in the worlds of food, agriculture, and industrial products, and advancing humanity for a sustainable future.
These three pillars define who we are and the actions that we take.
Ingenuity
Our innovation is created by our passionate employees, unparalleled R&D infrastructure and multiple partners, all forming a unique ecosystem.
Care
Doing what is right for our employees, business partners, shareholders, communities, and the environment.
Leadership
We are market leaders in innovation, cost management, and sustainability, thanks to our performance-driven, can-do mindset and our winning spirit.
ICL’s vision includes ambitious goals aimed to address major challenges.
ICL is committed to become carbon neutral by 2050
As part of its values, ICL is committed to ensuring a culture of sustainability which means accountability, transparency, and top-tier corporate governance. ICL fosters a Business Culture of Leadership, which focuses on creating a leading, innovative and sustainable work environment, with a strong commitment to all stakeholders. Ensuring a sustainability culture at ICL, also means placing our employees safety as the Company’s top priority and making every effort and investment to achieve top-tier results. In addition, it means operating with a clear commitment to the challenges of our environmental impact. We strive to be an Employer of Choice by strengthening the Company’s value proposition to our employees, and promoting ICL’s guiding principles as described by ICL’s President and CEO, Raviv Zoller. We foster an innovation-driven culture, which leverages our technology and special expertise to better serve our customers.
Our strategy is to achieve a leadership position in each of our segments – either in terms of market share or cost competitiveness – and to grow our businesses while creating shareholder value. We do this by leveraging our unique assets and strategic locations; by maximizing our knowledge of agronomy, chemistry and customer requirements; and through our access to Israel’s leading innovation and technology ecosystem.
ICL’s growth engines include:
Agriculture – We intend to build global leadership by developing and expanding our portfolio of essential and advanced crop nutrition products, digital solutions and integrated services, enabling farmers to increase yields and provide for the ever-growing nutritional needs of the world. Our growth in agriculture is driven by innovation, investment in increasing capacity and M&A, and it is supported by the increasing demand for organic fertilizers, micronutrients and bio stimulants, focusing on growing markets.
Food – We expect to capitalize on the alternative protein market potential, by focusing on food technologies and innovation, and by increasing capacity for food grade solutions. Growth will be achieved both organically and through M&A.
Industrial – We intend to strengthen our global leadership in the bromine market by capitalizing on new market opportunities and by continuing to focus on longer-term bromine compounds contracts. In addition, growth will be supported through expanded R&D and business development activities for new and sustainable bromine applications.
In September 2021, ICL 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.
As part of this effort, we are targeting reductions in Scope 1 and Scope 2 CO₂e emissions resulting from our global operations. We are also planning to expand our participation in Together for Sustainability (TfS), a global initiative dedicated to developing and implementing a global supplier engagement program that assesses and improves sustainability sourcing practices. In addition, we continue to focus on inclusion, equality and expanded representation of women among our senior management.
For further information regarding the SLL, see “Item 5- Liquidity and Capital Resources- Debentures” in ICL 2021 Annual Report.
