Mosaic Releases Its 2014 Sustainability Report on
Commitments, Challenges and Progress
PLYMOUTH, Minn., June 23, 2015 /PRNewswire/ -- The Mosaic
Company (NYSE: MOS) today released its 2014 Sustainability Report
titled, "Leading with Purpose," which outlines the company's
sustainability progress and new 2020 sustainability targets. The
company's sixth Sustainability Report discloses information on 95
Global Reporting Initiative (GRI) indicators and is prepared in
alignment with G4 Core Sustainability Reporting Guidelines, which
have an increased focus on materiality. The report's data has been
assured, and its water, waste, energy and greenhouse gas emissions
information is externally verified by third-party
reviewers.
"No element of our company's progress shines more brightly than
our commitment to sustainability. Mosaic is leading the crop
nutrition industry, and we are leading with purpose. We're growing
our value to shareholders while achieving measurable and meaningful
environmental and social progress," said Jim Prokopanko, President and Chief Executive
Officer of The Mosaic Company. "Our employees and stakeholders have
played an important role in helping Mosaic identify opportunities
to improve. This report reflects our focus on delivering
industry-leading sustainability performance."
New Environmental Sustainability Targets:
Mosaic's
strategic 2020 sustainability targets are designed to advance
innovation across the company, drive resource conservation, and
result in cost efficiencies and savings. They are the company's
second set of publically announced sustainability-related goals
since 2009.
- Reduce freshwater use by 10 percent per tonne of product
produced; avoiding approximately 38 million cubic meters of
freshwater withdrawal—or the water it takes to fill 15,000
Olympic-sized swimming pools.
- Reduce total energy use by 10 percent per tonne of product
produced; avoiding the use of approximately 30 million gigajoules
of energy—or the energy it takes to power about 660,000 homes for a
year.
- Reduce greenhouse gas emissions by 10 percent per tonne of
product produced (combined Scope 1 direct emissions and Scope 2
emissions from purchased electricity); avoiding the emission of
approximately 3 million tonnes of CO2e—or the annual
emissions produced by 580,000 cars.
"As global demand for food, water and precious natural resources
increases, we are driven to improve how we operate and produce crop
nutrients," said Joc O'Rourke, Chief
Operating Officer of The Mosaic Company, who will become Mosaic's
Chief Executive Officer effective August 5,
2015. "These water, energy and emissions targets build on
our existing business strategy, and position us to stretch our
environmental responsibility efforts even further."
2014 Sustainability Performance Highlights:
- 8 percent improvement in annual recordable injury frequency
rate safety performance, and Mosaic's third consecutive record year
for safety performance
- 99 out of 100 carbon disclosure score, and a grade of "A" for
climate performance, in its annual disclosure to investors through
CDP, formerly Carbon Disclosure Project
- 7 million gigajoules of electricity produced in Mosaic's
North America operations through
cogeneration, the process of converting waste heat to energy. By
producing and using its own clean energy, Mosaic avoided
approximately 1.6 million tonnes of carbon equivalent emissions,
which is comparable to powering about 40,000 homes
- 90 percent of the water used at Mosaic's Florida phosphate and Saskatchewan potash operations was reused or
recycled
- 2 million trees were planted by Mosaic's phosphate business as
part of its efforts to reclaim approximately 6,000 acres of land in
Central Florida
- $17 million invested in food,
water and local community programs and partnerships where Mosaic
operates
- Fifth consecutive year on Corporate Responsibility Magazine's
100 Best Corporate Citizens list, and was recently named No. 40 on
the 2015 list
Read The Mosaic Company's Sustainability Report at
www.mosaicco.com/2014sustainabilityreport, use the GRI G4 Content
Index and view the How We Lead infographic. For additional
information, view Mosaic's 2014 Annual Review & Business
Outlook released in April 2014 and
reference archived sustainability reports and GRI tables.
About The Mosaic Company
The Mosaic Company is one of
the world's leading producers and marketers of concentrated
phosphate and potash crop nutrients. Mosaic is a single source
provider of phosphate and potash fertilizers and feed ingredients
for the global agriculture industry. More information on the
company is available at www.mosaicco.com.
This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include, but are not limited to, statements about
the Wa'ad Al Shamal Phosphate Company (also known as the Ma'aden
joint venture), the acquisition and assumption of certain related
liabilities of the Florida
phosphate assets of CF Industries, Inc. ("CF") and Mosaic's ammonia
supply agreements with CF; repurchases of stock; other proposed or
pending future transactions or strategic plans and other statements
about future financial and operating results. Such statements are
based upon the current beliefs and expectations of The Mosaic
Company's management and are subject to significant risks and
uncertainties. These risks and uncertainties include but are not
limited to risks and uncertainties arising from the ability of the
Ma'aden joint venture to obtain additional planned funding in
acceptable amounts and upon acceptable terms, the timely
development and commencement of operations of production facilities
in the Kingdom of Saudi Arabia,
the future success of current plans for the Ma'aden joint venture
and any future changes in those plans; difficulties with
realization of the benefits of the transactions with CF, including
the risk that the cost or capital savings from the transactions may
not be fully realized or may take longer to realize than expected,
or the price of natural gas or ammonia changes to a level at which
the natural gas based pricing under one of the long term ammonia
supply agreements with CF becomes disadvantageous to Mosaic;
customer defaults; the effects of Mosaic's decisions to exit
business operations or locations; the predictability and volatility
of, and customer expectations about, agriculture, fertilizer, raw
material, energy and transportation markets that are subject to
competitive and other pressures and economic and credit market
conditions; the level of inventories in the distribution channels
for crop nutrients; changes in foreign currency and exchange rates;
international trade risks and other risks associated with Mosaic's
international operations and those of joint ventures in which
Mosaic participates, including the risk that protests against
natural resource companies in Peru
extend to or impact the Miski Mayo mine; changes in government
policy; changes in environmental and other governmental regulation,
including greenhouse gas regulation, implementation of numeric
water quality standards for the discharge of nutrients into
Florida waterways or efforts to
reduce the flow of excess nutrients into the Mississippi River
basin, the Gulf of Mexico or
elsewhere; further developments in judicial or administrative
proceedings, or complaints that Mosaic's operations are adversely
impacting nearby farms, business operations or properties;
difficulties or delays in receiving, increased costs of or
challenges to necessary governmental permits or approvals or
increased financial assurance requirements; resolution of global
tax audit activity; the effectiveness of Mosaic's processes for
managing its strategic priorities; adverse weather conditions
affecting operations in Central
Florida, the Mississippi River basin, the Gulf Coast of
the United States or Canada, and including potential hurricanes,
excess heat, cold, snow, rainfall or drought; actual costs of
various items differing from management's current estimates,
including, among others, asset retirement, environmental
remediation, reclamation or other environmental regulation,
Canadian resources taxes and royalties, the liabilities Mosaic
assumed in the Florida phosphate
assets acquisition, or the costs of the Ma'aden joint venture, its
existing or future funding and Mosaic's commitments in support of
such funding; reduction of Mosaic's available cash and liquidity,
and increased leverage, due to its use of cash and/or available
debt capacity to fund share repurchases, financial assurance
requirements and strategic investments; brine inflows at Mosaic's
Esterhazy, Saskatchewan, potash
mine or other potash shaft mines; other accidents and disruptions
involving Mosaic's operations, including potential mine fires,
floods, explosions, seismic events or releases of hazardous or
volatile chemicals; and risks associated with cyber security,
including reputational loss, as well as other risks and
uncertainties reported from time to time in The Mosaic Company's
reports filed with the Securities and Exchange Commission. Actual
results may differ from those set forth in the forward-looking
statements.
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SOURCE The Mosaic Company