Impact on Local Economy

ICL invests significant resources on development, innovation and sustainability. As part of its business activity, the Company also supports the livelihoods (directly and indirectly) of thousands of families in the regions in which the Company operates. Over the years ICL has commissioned several studies detailing ICL’s economic and social impact in areas where the Company operates its major production facilities. \

1.2

By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions

8.2

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labor-intensive sectors.

9.2

Promote inclusive and sustainable industrialization and, by 2030 significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.

10.2

By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

Israel

ICL commissioned a study of its FY 2019 operations, published in 2020, which detailed ICL’s estimated contribution to Israel’s GDP (Gross Domestic Product) of ILS 14.9 billion ($4.1 billion). ICL is a leading Israeli exporter, earning approximately 95% of its revenues from exports, thereby improving Israel’s balance of payments.

In addition, ICL supports the direct and indirect livelihoods of approximately 19,000 families in the Negev region. In addition, ICL supports the livelihoods of approximately 5,600 Bedouin-Israeli employees, mostly as contractor workers employed by ICL’s direct contractors in varying capacities. These employees account for around 16% of all Bedouin-Israeli employees that are employed in the Israeli private sector.

ICL is responsible for 15% of the Negev’s economic activity, calculated at approximately ILS 10.7 billion ($2.95 billion) in GDP. ICL is vital for the economic strength of this region and for its continued growth.

United Kingdom

An Oxford Economics study, commissioned by ICL, estimated that in FY2019, the activity of the UK Boulby facility contributed £33 million to local GDP across six surrounding local authorities. It also found that there was an approximately £115 million contribution to the UK’s GDP— reflecting additional supply chain and wage-financed consumer spending that occurred elsewhere in the UK. Boulby Mine’s total economic impact is the sum of the three channels of expenditure: direct, indirect and induced.

Spain

In 2014-2015, ICL conducted a study to measure ICL Iberia’s (Iberpotash) contribution to Spain’s GDP and employment rate.

Direct economic impact: 40% of ICL’s direct economic impact, equaling €111 million, was generated directly by the Company itself, primarily through corporate profits and employee salaries and wages. The Company’s economic impact constituted 0.011 % of Spain’s GDP and 11% of the value added by the non-metallic mineral extraction sector.

Indirect economic impact:- In 2014 ICL Iberia bought products and services from over 132 suppliers and made investments in Spain worth more than €66 million.

ICL expenditures and investments generated an additional €146 million for Spain’s GDP, which constitutes 0.015% of GDP.

Both wages and salaries paid by ICL Iberia increased consumption of goods and services, with a subsequent impact on the economy totaling €19 million.

Every job at ICL Iberia created an additional 5.3 jobs for the Spanish economy.

St. Louis, US

In St. Louis, ICL is making a significant local impact. We are building on our current footprint, which consists of a research and development lab, a phosphate specialties manufacturing facility and our North American headquarters. ICL answered the call of the U.S. Department of Energy (DOE) and plans for an investment of more than $400 million to support the U.S. domestic electric vehicle battery materials supply chain, and we are also constructing a customer innovation and qualification center to support the investment. This investment at our St. Louis-based plant is supported by a $197 million grant aligned with the U.S. Bipartisan Infrastructure Law. The grant includes diversity targets, which ICL is excited to achieve. In addition to our investment in manufacturing, we continue to invest in our people, and this is making a difference, as ICL was recognized as one of the Top Workplaces in Greater St. Louis for 2022 and 2023. We continue to deepen our commitment to the community through philanthropy, with honors at the St. Louis Business Journal’s Corporate Philanthropy Awards since 2021.

Sustainability Reporting Disclosures:

Disclosure: 203-2