Vision & Commitments
Our Business
Sustainable Solutions
Governance
Environmental Performance
Our People
As an essential player in the global food supply chain, our goal is to contribute to the efforts to achieve Zero Hunger (SDG 2). Our fertilizers enable agricultural production equivalent to nutritional needs of 158 million* people every day. Additional efforts to enhance food security are integrated throughout multiple processes across the food value chain. Our field solutions include advanced fertilizers, such as controlled release fertilizers, bio-stimulants, and digital farming technologies. These enable growers to increase yields, improve crop quality, and reduce water consumption. Our sustainable solutions minimize nutrient losses, also minimizing environmental impact, and empowering farmers to practice precision agriculture and make data-driven decisions. But our innovative solutions are not limited to the field. For example, in 2022 we launched FruitMag, a sustainable, mineral-based and fungicide free, solution for post-harvest citrus fruit treatment. By using a food-grade magnesia product, we eliminated the need to use toxic materials and reduced food waste, while also increasing shelf life. FruitMag joins multiple other products that preserve food and increase shelf life, along with new efficient plant-based alternative protein solutions.
Our fertilizers enable agricultural production to feed 158 million* people every day, enhancing food security worldwide.
In the pharmaceutical, nutraceutical, and food markets, we manufacture safe, high-quality ingredients. Our products include active pharmaceutical ingredients, electrolyte balance correctors, and naturally based personal care products.
ICL’s innovative developments and activities are especially prominent where the global economy is experiencing its greatest challenges or undergoing rapid transitions. A good example is our activity to support mitigation of climate change, and the efforts to introduce renewable energy resources despite their at-times intermittent nature. This challenge requires large scale storage of energy for release during periods of high demand. ICL’s expertise in advanced chemistry plays a major role in these solutions.
Product Stewardship
ICL is investing significant resources in efforts to improve a range of key aspects of our products’ life cycles. These efforts begin with stringent environmental planning during the product development phase and span across activities such as efficient logistics, training and support of business partners and end users. Our end users include suppliers and shippers, local distributors, farmers, agronomists, and many others that may affect or benefit from the performance of ICL products. To this effect ICL is in an ongoing effort to evaluate the carbon footprint of its products, with over 500 products already mapped. We are using these evaluations to identify opportunities for reducing such carbon footprints, as part of our overall decarbonization effort.
Industry 4.0
In addition to new applications and products, ICL is also focused on operational innovation to reduce the Company’s impact by promoting energy, material and carbon efficiency, pollution control, risk reduction and supply chain readiness.
The Company is implementing an industry 4.0 approach, using cutting-edge technologies such as AI, drones and other new technologies to improve its operational performance. Dedicated teams are responsible for increasing energy efficiency, advancing a more circular economy, and decreasing water consumption. A similar effort of the past few years focusing on air emissions has significantly reduced air emissions and the corporate carbon footprint. The Company is also developing new products, such as BromoQuel™ which helps to reduce potential hazards and environmental impact when working with Bromine (one of ICL’s mineral resources)
Our approach to sustainable solutions for agriculture and nutrition aligns with the UN SDG2 (Zero Hunger) which States that agriculture systems worldwide must become more productive and less wasteful. Sustainable agricultural practices and food systems, including both production and consumption, are part of a holistic and integrated perspective.
Land, healthy soils, water, and plant genetic resources are key inputs into food production, and their growing scarcity in many parts of the world makes it imperative to use and manage them sustainably. Boosting yields on existing agricultural lands, including restoration of degraded lands, through sustainable agricultural practices would also relieve pressure to clear forests for agricultural production. Wise management of scarce water through improved irrigation and storage technologies, combined with development of new drought-resistant crop varieties, can contribute to sustaining drylands productivity.
Considering our contribution to food security, improved productivity and sustainable agriculture, our overall sustainable solutions account to above 50% of our revenue. ICL is also using the SASB approach to follow our scope of products that are Designed for Use-phase Efficiency (SASB definition RT-CH-410a.a). The methodology defines these as products designed to increase resource efficiency through their use and that can be shown to improve energy efficiency, eliminate or lower greenhouse gas (GHG) emissions, reduce raw materials consumption, increase product longevity, and/or reduce water consumption. In reviewing this approach, we conclude that approximately 23% of ICL’s revenues are currently derived from sales of products that enable use-phase efficiency.
Moving forward, we are looking to expand our RD&I ecosystem, while continuing our sustainability journey and making an impact on global sustainability challenges. We are looking to grow our sustainable solutions portfolio.
ICL developed a data-driven Impact Assessment Tool for all RD&I projects, to support ICL’s actions on tackling climate change, advancing food security, sustainable agriculture, and contributions to human health, safety, and wellbeing. This strategy component is part of our positive impact product development processes, and we are also implementing circular economy and biomimicry concepts to reduce our environmental impact.
ICL is continuously looking for partnerships and innovative solutions that will take the Company even further on its journey to a more sustainable future. We are exploring opportunities by leveraging global partnerships. See ICL Planet Hub.
*Reflecting the contribution of our fertilizers business only