ICL Achieves Outstanding Scores From CDP for its Greenhouse Gas Emission Reductions and Reporting - Seite 2

ICL has voluntarily submitted a detailed report to the CDP for the past several years as part of its strategy of sustainability, corporate responsibility and transparency. The report provides information regarding greenhouse gas emission levels of the company's production facilities throughout the world, as well as the company's goals for reducing its emission levels and extensive information regarding its efforts to deal with the global challenge of climate change.

In the CDP's performance index, ICL achieved a "B" grade (on a scale from A to E) in recognition of its reduction of its argon emissions by 35% between 2008 and 2014. The reduction results in part from the company's conversion to natural gas at its plants in Israel, energy efficiency projects it has undertaken and new technologies it has implemented in the company's production processes at ICL's Magnesium plant at the Dead Sea (Sdom), as well as at its Fertilizers and Chemicals plant located in Haifa.

In an attempt to identify additional possible GHG sources to reduce, and to demonstrate its commitment to sustainability to customers, the company has also completed measuring the carbon footprint of around 60 of its leading products (including potash, bromine, green and white acid). The measurements were conducted according to the strict international standard, PAS 2050. ICL is one of the leading companies in Israel engaged in this ongoing project.

Shteibel added, "Our ability to monitor GHG emissions at ICL's production sites in Israel and around the world requires exceptional professional expertise as well as considerable financial investment. Both of these represent an expression of the seriousness with which we are pursuing the company's strategy of sustainability, which includes investing in excess of half a billion shekels (~$130 million) annually to pursue our objectives, the most of any company in Israel.

ICL's high level of transparency in the report includes a broad itemization of ICL's strategy regarding climate change, risks and opportunities related to the company's activities, the methods by which ICL calculates its GHG emissions based on various parameters and results. Among other things, the report includes a description of the external independent verification process of ICL's GHG emissions at one of the company's facilities outside of Israel for the third consecutive year. ICL initiated this process to ensure the reliability and quality of its calculation methods and to better manage its environmental information. In addition to reporting to the CDP, ICL works in cooperation with Israel's Ministry of Environmental Protection by reporting its emissions in accordance with a voluntary mechanism established by the ministry through the submission of the company's annual Corporate Responsibility reports, as well as through other additional voluntary and obligatory reports.