ICL

ICL discloses a long-term ambition to be net zero by 2050. The report states that ICL aims to reduce Scope 1 and 2 GHG emissions by 30% by 2030 versus 2018 and aims to be net zero by 2050. ICL also states that it submitted targets to SBTi for validation, expected to include Scope 3 targets. External ICL sources clarify the wording as carbon neutral by 2050 for Scope 1 and 2 emissions, while newer official wording also notes SBTi-based targets under development / validation.

Net zero by 2050; SBTi targets under validation.

ICL’s key interim target is a 30% reduction in Scope 1 and Scope 2 GHG emissions by 2030, using 2018 as the baseline year. In 2024, ICL reported a 25.3% reduction in Scope 1 and 2 emissions versus the 2018 baseline, meaning it is close to the 2030 target but has not yet fully reached it.

30% Scope 1+2 by 2030 vs 2018; 25.3% achieved.

ICL reports Scope 1, Scope 2 and Scope 3 emissions. The company completed its second comprehensive Scope 3 measurement and assurance process for 2023, covering upstream categories 1, 8 and downstream categories 9, 15, with limited assurance for the majority of Scope 3 categories. It reported an approximately 9% reduction in total Scope 3 GHG emissions in 2023 compared with the updated 2022 baseline. Scope 3 is therefore disclosed, but 2024 Scope 3 absolute emissions by category are not as clearly presented in the extracted report sections as Scope 1 and 2.

Scope 1, 2 and 3 with limited assurance; ~9% Scope 3 reduction.

ICL’s responsible extraction evidence is strongest through its ICL Boulby and ICL Iberia mining activities. ICL Boulby mines polyhalite, marketed as Polysulphate®, which the report describes as an organic fertilizer requiring no chemical processing, making it a low-carbon-footprint solution. External ICL Boulby sources state that Polysulphate is mined, crushed and screened without further energy-intensive chemical processing, with a reported carbon footprint of 0.0337 kg carbon / kg product.

Polysulphate at Boulby; low-energy mining; documented carbon footprint.

ICL reports GHG intensity as Scope 1 and 2 emissions / revenue. In 2024, GHG intensity was 321 tCO₂e / $M revenue, compared with 304 in 2023, 240 in 2022, and 529 in the 2018 baseline year. The report states that GHG intensity has decreased by 39% since 2018, although it rose versus 2023 due to sales normalization and lower revenue.

GHG intensity per $M revenue; -39% since 2018 but YoY rose.

ICL reports a 25.3% reduction in Scope 1 and 2 GHG emissions versus 2018. This reduction was achieved between 2018 and 2024 while production increased. The report also states that limited assurance was performed over ICL’s 2024 Scope 1 and Scope 2 GHG emissions under ISAE 3000.

25.3% Scope 1+2 reduction while production grew.

ICL reports quantitative water withdrawal. In 2024, total water withdrawal was 64.2 million m³, down from 64.7 million m³ in 2023 and 69.0 million m³ in 2022. Freshwater withdrawal was 17.0 million m³ and non-freshwater / alternative water withdrawal was 47.2 million m³. Alternative water sources accounted for 73.5% of water used at ICL operations. Water intensity was 9,390 m³ / $M revenue and freshwater intensity was 2,484 m³ / $M revenue.

64.2 Mm³ total withdrawal; 73.5% alternative water; intensity disclosed.

ICL has water reduction goals and company-wide water-efficiency programmes. ICL Iberia reduced freshwater withdrawal by nearly 50% in 2024 by switching to alternative water and improving efficiency. ICL Rotem maintained a reduction of more than 1,000,000 m³ of freshwater achieved by the end of 2023. ICL Dead Sea continued a digital water tracking project and was certified under ISO 46001 Water Efficiency Management Systems, described as the first such certification in Israel.

Iberia -50% freshwater; ISO 46001 at Dead Sea; site-level KPIs.

ICL discloses site-level proximity to protected or high-biodiversity areas. ICL Dead Sea’s Sdom site is a 150 km² maritime extractive / production area adjacent to protected areas; ICL Boulby has both maritime and terrestrial exposure, with licensed mining areas including some protected areas; and ICL Iberia Suria and Sallent are located near Natura 2000 / protected wetland-related areas. This is strong location-based biodiversity exposure evidence for a marine / extractive benchmark.

Site-level proximity to protected/Natura 2000 areas disclosed.

ICL’s extractive footprint includes both land and marine / below-sea mining. ICL Boulby mines underground and beneath the North Sea, with operations reaching depths of up to 1,100 m, and owns approximately 2.41 km² of freehold mines and mineral fields around the mine head, with around 19.51 km² held through approximately 24 mineral leases. ICL Dead Sea’s concession covers 652 km², including 146.7 km² of evaporation ponds.

Below-sea mining at Boulby (~21.9 km²); Dead Sea concession 652 km².

ICL discloses restoration and rehabilitation evidence, especially at ICL Iberia and ICL Rotem. At ICL Iberia, previous restoration efforts at La Botjosa and Vilafruns are described as meaningful contributions to biodiversity and environmental recovery. At ICL Rotem, phosphogypsum ponds 1, 4 are being restored under an approved engineering remediation plan, and the discontinued Zin mine continues to undergo restoration.

La Botjosa salt restoration; phosphogypsum pond restoration plans.

ICL has material tailings / residue evidence. At ICL Iberia, the approved restoration plan for La Botjosa Salt Mountain originally covered 3.8 million tonnes of cumulative salt. The plan includes removing 450,000 tonnes per year, rising to 1.05 million tonnes per year after completion of a new collector. More than 900,000 tonnes of saturated salt had already been removed, representing 25% of the historically accumulated salt. ICL Rotem also manages phosphogypsum ponds and waste piles, including restoration plans approved by the Israeli Ministry of Environmental Protection.

Salt mountain & phosphogypsum pond plans; 25% historic salt removed.

ICL has a dedicated Circular Economy chapter and describes waste-to-product, recycling and efficiency improvement as innovation domains. The supplier / packaging strategy also follows Reduce, Reuse and Recycle principles, including single-material packaging, reduced paper consumption, reduced virgin plastics and supplier reuse programmes. However, the extracted report sections do not provide one simple total waste recycled percentage comparable to Anglo American’s waste diversion rate. Evidence is therefore strong qualitative / programme-based, but less concise as a single waste KPI.

Circular Economy chapter; consolidated waste KPI not as concise.

ICL provides compliance and permitting evidence through site certifications, regulatory processes and environmental management. ICL Iberia completed recertification audits for ISO 14001, UNE 22470 and UNE 22480 in 2024 with no instances of non-conformity detected. ICL Iberia’s sustainable mining model is aligned with the Towards Sustainable Mining framework, including audit areas such as tailings management, community engagement, biodiversity preservation, energy efficiency and GHG emissions control.

ISO 14001 recertification with no non-conformity; TSM alignment.

ICL has strong supplier sustainability evidence. In 2024, ICL had 1,141 valid supplier assessments, exceeding KPI 1, and 746 new assessments and reassessments, exceeding the target of 399. Around 65% of reassessed suppliers improved their score. ICL uses EcoVadis and TfS supplier assessments covering Environment, Labor & Human Rights, Business Ethics and Sustainable Procurement. It also implemented EcoVadis IQ Plus across all raw-material suppliers to enhance risk identification and management.

1,141 valid assessments; 746 reassessments; EcoVadis IQ Plus deployed.