Nutrien shares 2023 Environment, Social and Governance Report
Published by Emily Thomas,
Deputy Editor
World Fertilizer,
Nutrien has released its 2023 Environment, Social and Governance (ESG) Report. This year’s report outlines Nutrien’s 2022 progress towards its 2030 sustainability commitments, short-term goals and targets performance, and continuing improvement in ESG governance and risk management. Nutrien continues to drive sustainability in the field and in its own operations through direct grower, partner and industry relationships that create measurable, science-based, impacts.
“We remain focused on our Feeding the Future plan and related sustainability commitments with a goal to lead the next wave of agriculture’s evolution. In 2022, Nutrien made significant progress driving towards this goal, as we continued to collaborate with peers and competitors across the industry to find ways to help address some of the world’s biggest food and emissions challenges now and into the future,” says Tim Faveri, Vice President, Sustainability and Stakeholder Relations.
Highlights from the 2023 ESG Report include:
- Measured and documented approximately 1 million acres in North America and Australia on crops harvested in 2022. The company continues to provide growers with whole-acre solutions that support sustainable and productive agriculture and aim to deliver improved environmental outcomes.
- Announced the evaluation of a new clean ammonia facility at the company’s existing Geismar, LA site, with a potential capacity of 1.2 million tpy of clean ammonia. A final investment decision is expected to follow in the second half of 2023.
- Invoiced approximately 30% of local spend across the company’s potash business in Saskatchewan with direct Indigenous economic impact in 2022, exceeding Nutrien’s target of 25%. This reflects approximately CAD$270 million in contract opportunities with a direct positive impact within Indigenous communities in Saskatchewan.
- Achieved both top-quartile Lost Time Injury and Total Recordable Injury performance across Retail, Nitrogen and Phosphate Business Units.
- Completed external verification of the company’s water stewardship practices through the Water Council’s WAVE programme.
- Awarded a total of US$500 000 to two ag-tech entrepreneurs committed to diversity and inclusion through the Radicle Inclusion Challenge presented by Nutrien, a pitch-day competition that aimed to accelerate inclusive investments in the agri-food industry.
Nutrien’s sustainability strategy aligns directly with the company’s core values of inclusion, safety, integrity and results. As a leader in agribusiness, regular engagement with stakeholders including employees, investors, customers, suppliers, governments, Indigenous peoples and communities is integral in continuing the commitment to Nutrien’s environmental, social and governance performance.
Read the article online at: https://www.worldfertilizer.com/potash/14032023/nutrien-shares-2023-environment-social-and-governance-report/
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