For ICL, sustainable development means combining long-term success and economic orientation with environmental protection and social responsibility.
ICL is taking steps to reduce, control and manage the environmental risks associated with its activities. This requires encouraging continuous dialogue with ICL’s many stakeholders, which include authorities, employees, suppliers and customers.
ICL’s policy is to routinely identify, develop and implement means to measure and monitor environmental impacts. To this end, ICL invests time and resources to monitor and assess existing and new problems on a regular basis.
ICL employees benefit from satisfactory conditions and the Company is the largest significant anchor in the Negev for employment and other local economy. Contractors that employ workers on a permanent basis in ICL plants in Israel are required to pay salaries that are higher than the minimum wage stipulated by law. The Company has established external supervision and control mechanisms that ensure compliance with the requirements.
Employee safety Assimilation of an organizational culture of zero accidents
ICL’s safety efforts continue to reduce the number of accidents and near misses for employees and contractors in all ICL facilities. Over the past five years, ICL has reduced the number of accidents by more than 40%.
Transparency and community involvement ICL’s reporting regarding social, economic and environmental subjects is based on international protocols.
ICL published corporate responsibility reports according to GRI protocols and reports carbon and greenhouse gas issues to the Carbon Disclosure Project (CDP).
Encouragement of community involvement in environmental quality
ICL has established three community advisory panels (CAP). These panels include the participation of the Sdom and Mishor Rotem plants and the Bromine Compounds plant in the Ramat Hovav Industrial Council.
Cooperation with authorities and the community
ICL encourages social involvement, community support and environmental protection. ICL contributes to and encourages its employees to participate in volunteer activities for the benefit of the community, including:
* Long-term support of the Afternoon Club Project, benefiting over 700 children, who receive assitance with studies and social enrichment in over 60 clubs, mainly in the Negev.
* Volunteering by hundreds of Company employees (in their free time) in club activities.
* Assitance at hospitals, support for educational, cultural, welfare and health societies.
* Assistance at schools.
*Assitance to Bedouin communities for educational, environmental, personal empowerment and other activities.
* Adoption for military units.
* Support for developers in the context of environmental protection.
* Enrichment and education in chemistry, technology, industry and environment.
* Encouragement of chemistry studies in high schools.
* Together with the Weizmann Institute of science, encouragment of young entrepreneurs and more.
* Cooperation with the Nature and Parks Authority for educational programs related to industry and environment.
* Central support for construction of a village in the Negev for teenagers with autism.
* Support of oranizations for women at risk, including Maslan (The Negev’s Sexual Assault and Domestic Violence Support Center) and the Inbal Center for treating victims of sexual abuse.
* ICL plants in Israel are open to visitors. In 2010, over 10,000 people visited the Company sites.
ICL invests hundreds of millions of dollars in environmental quality. It is in compliance, and goes beyond compliance, with the standards set by the authorities.
ICL plants are fueled mainly by natural gas, a fuel that is cleaner and that has a low environmental impact. Most ICL production plants at Sdom and some production plants at Mishor Rotem have been converted to natural gas. Conversion of plants in Israel will be completed in 2012.
All renovations and construction in ICL buildings are according to green building principles. To date, a number of green buildings have been renovated and built in Israel and in 2011, construction of the green logistics center in Germany is expected to be completed.
Significant reduction of the ICL environmental footprint
ICL invests heavily to reduce emissions from its plants. The company has adopted a clear policy by which any plant that fails to comply with regulatory requirements will be closed down.
Over the years, the Company has achieved a significant reduction in emissions. For example, compared to 2005, sulfuric acid emissions were reduced by 53%, nitrous oxide emissions by 77% and particles by 99%.
Reduction of greenhouse gases
By 2010, ICL plants in Israel had reduced greenhouse gas emissions by 37% compared to 2008. Two projects have been approved to reduce greenhouse gases under the Clean Development Mechanism (CDM).
The carbon footprint of more than 30 ICL products has been mapped.
ICL reported its greenhouse gas balance to the Carbon Disclosure Project, on a high level of transparency that achieved a score of 90. Accordingly, ICL has been included in the Carbon Disclosure Leadership Index. ICL is listed in seventh place among the leading chemical companies worldwide.
A public report on greenhouse gases was submitted according to the voluntary reporting mechanism in Israel.
Natural Resource management
Responsible use of natural resources
All mining plans include restoration plans that are prepared in coordination with environmental authorities and organizations. Sites are restored during mining, using advanced simulation software to restore the original topography.
Support for preservation of biodiversity in all Company operations
The Company leads initiatives for environmental preservation, such as: financing of a multi-year project to preserve birds of prey in the Negev, together with the Nature and National Parks Protection Authority; preservation and restoration of wadis and riverbeds; and collaboration with green organizations in the UK as part of mining operations near the North York Moors national park.
In 2001, ICL’s Board of Directors drafted a strategic policy for the Company’s involvement and investment in the community with an annual budget of tens of millions of shekels per year.
ICL focuses its community involvement in the development areas in Israel’s northern and southern regions. Most of ICL’s employees live in these regions, making the welfare their communities especially important to ICL.
ICL channels its social contributions through organizations that support children and youth with disabilities, women and children at risk, populations with poor socio-economic conditions, needy populations and more. ICL contributes to and encourages its employees to participate in volunteer activities for the benefit of the community.
ICL’s major projects include: contribution to Variety Israel; the flagship Children’s Club project; contributions to Soroka Medical Center; contributions to Alut, the Israeli Society for Autistic Children, donations to aid organizations supporting education, contribution of food parcels, activities on behalf of women, adoption of military units and contribution to community environmental issues.
Industrial production in general, including particularly the treatment of hazardous substances and the high-pressure/temperature production of hazardous substances, is associated with risks, and requires special precautionary measures.
ICL continuously invests in the occupational safety and health of its employees and facilities with the aim of preventing accidents and out of constant concern for the Company’s employees. In the past five years, ICL has reduced its annual number of work accidents by more than 40%, and has set itself a goal of zero accidents.
The success of ICL’s safety efforts so far is reflected in the significantly reduced numbers of accidents and near misses, and in the many daily activities that have been implemented to improve work safety conditions
At the end of 2010, ICL had 11,035 employees, 42 of which were employed at ICL headquarters and the remainder at subsidiaries.
ICL invests regularly in the development, training and qualification of its human resources. We are proud that the majority of ICL’s middle and senior management began as lower level employees and have been promoted from inside the company.
ICL companies have developed a dedicated ERP system for managing hazardous materials.
The system includes procedures for handling emergencies and includes a safety and entry control management system. ICL companies also use a computerized system to control shipments of hazardous materials.
As part of its adoption of a green approach and sustainable policy, ICL undertook to internally certify the Company’s sites and plants according to a binding standard reflecting these principles.
ICL has voluntarily elected to apply an internal green standard to its production plants, another demonstration of its commitment to environmental protection and a reflection of the importance with which the Company views its sustainability policy.
ICL has decided that all new building projects and all significant renovations to existing buildings will be made according to green building principles. Consequently, a binging procedure has been drafted to define the Company’s green building standards.
ICL currently uses several methods to reduce solid waste, including reduction at source, reuse, recycling, production of energy from waste and landfill.
ICL attributes great importance to this issue. It invests significant resources in finding solutions to reduce the volume of waste and to reuse and recycle exiting waste. ICL plants reuse waste and by-products, which are used as raw materials for other Company plants. ICL has also created a Center of Excellence focused on waste treatment.
The preservation of air quality in production sites is a central goal of ICL’s environmental policy.
Human activity, such as energy generation, industrial activity, agricultural activity and transportation are responsible for the majority of the pollution in the air.
ICL has prepared a comprehensive master plan to control fugitive emissions in all of its sites, with the approval of – and in coordination with – Israel’s Ministry of Environmental Protection. ICL companies in Israel comply with the Ministry’s requirements and guidelines for fugitive emissions.
ICL has made preparations to comply with the Clean Air Law, which came into effect in January 1, 2011, in all of its production sites, achieving a 75% reduction in NOx emissions, 26% reduction in PM emissions and 38% reduction in SOx emissions since 2008.
ICL has initiated a number of projects to reduce the volume of wastewater and to improve its quality.
In 2001, Rotem Amfert began implementing a master plan for the management of its industrial wastewater. The Bromine Compounds plant has taken steps to reduce the environmental impact of its production processes.
At the BKG plant in France (part of ICL Performance Products), the volume of wastewater from the production process was reduced by 90% from 2,675 m3 in 2009 to 259 m3 in 2010.
ICL has implemented a broad variety of activities to make its use of water more efficient and responsible.
In particular, it strives to reduce the use of potable water in production processes, substituting instead the utilization of water that is unsuitable for drinking. As part of ICL’s water resource conservation, the Company maximizes its utilization of freshwater, recycling wastewater where possible and purifying and/or desalinating water when practical.
Industrial activity requires energy. There are two types of energy sources: non-renewable and renewable. Energy from non-renewable resources contributes to emissions of air pollutants and greenhouse gases.
ICL strives to be Israel’s leader in the reduction of emissions. To this end, it has begun switching its manufacturing operations from fuel oil to natural gas, which, although a fossil fuel, is significantly cleaner than other fuels. ICL invests significant efforts to reduce and streamline its use of energy at mining, manufacturing and other sites. Energy-conservation activities are part of a comprehensive approach to reduce the Company’s environmental impact.
Through ICL’s Center of Excellence for the Reduction of Greenhouse Gas Emissions, all ICL companies are involved in the process of identifying more effective and efficient solutions, which are then implemented in all ICL companies.
ICL has prepared and deployed a sustainable development policy that calls for the responsible use of natural resources and the development of value-added, sustainable products characterized by a reduced environmental impact.
It also calls for production processes that reduce at source the amount of waste generated at its facilities, that assure the safe transportation of materials and that employ green building techniques.
ICL uses natural resources as raw materials, including primarily phosphates and salts mined from the Negev, as well as potash and salt mined from evaporation ponds near the Dead Sea and mines in Spain and England. Phosphate rock, the primary raw material used in the production of phosphorus-based acids and fertilizers, is mined at the Company’s sites in the Negev.
ICL Fertilizers restores its mining sites during and after mining the phosphate. Water from the Dead Sea, which is the source of carnallite, the primary mineral used in potash production, is returned to the Dead Sea after the carnallite is extracted.
ICL mines raw materials from both surface and underground mines in areas where it has mining concessions. It takes far-reaching steps to maximize the preservation and restoration of mined areas and nearby ecosystems.
Human activity is a major contributing factor to the increasing level of greenhouse gas emissions, particularly carbon dioxide, into the atmosphere.
It is believed that the increased quantity of greenhouse gases contribute to the climate changes that have occurred in recent years. For this reason, countries and industries, including ICL, are joining together to control carbon dioxide emissions and to reduce their carbon footprints.
ICL strives to be a leader, both in Israel and in the global chemical industry, in the reduction of emissions in general and greenhouse gases in particular. In line with this intention, ICL has performed a comprehensive review of its carbon balance, and plans to implement an automatic greenhouse gas reporting system, thereby enhancing its ability to quantify carbon emissions and to identify reduction opportunities.
In 2010, ICL submitted a comprehensive report to the CDP regarding the Company’s level of greenhouse gas emissions and its strategy for mitigating climate change. ICL received a score of 90 out of a possible 100 on the CDP disclosure index for the scope and quality of its reporting. Accordingly, ICL has been included in the exclusive Carbon Disclosure Leadership index. ICL is the only company in Israel that is in compliance with the high level of reporting requirements specified by the CDP.
ICL has identified a variety of opportunities for activities that will further improve its performance in the areas of climate change and greenhouse gases, especially by improving its production processes and the make-up of its products.
The EU’s REACH regulation is gradually replacing 40 existing directives with the goal of better protecting human health and the environment.
It applies to the safe handling of existing and new chemicals, and sets three deadlines for completing registration of “old” chemicals: 2010, 2013 and 2018. Since 2007, ICL’s Center of Excellence for International Regulations and Standards has been working to prepare each segment’s product for registration according to the REACH regulations.
The industrial revolution symbolized the start of a new era: one of economic prosperity, technological development and modernization.
However, in recent decades, industry and technology have also come to be associated with health and environmental hazards. To mitigate against potential hazards, the Integrated Industry approach promotes a closed industrial production process in which waste can serve as the input for new production process.
ICL is a promoter of the Integrated Industry approach, and seeks out ways to use the by-products and waste produced in one process as the raw material input for others.
ICL Industrial Products has adopted VECAP, a voluntary program aimed at reducing the environmental emissions associated with flame retardants (FRs), as part of its Product Stewardship activities.
ICL Industrial Products and two FR manufacturers in the United States created the program with the initial aim of reducing FR emissions created as a by-product of the production and supply chain.
VECAP is a designated program within ICL IP through which it works with customers to implement and reduce the environmental impact of its products throughout their lifecycle, from design to disposal.
ICL aims to manufacture products with a maximum positive impact on the environment throughout the product lifecycle, and a minimum negative impact.
Achieving this requires comprehensive planning, starting from the product development stage. This includes the development of sustainable materials according to Responsible Care criteria, and also applies Responsible Care principles to its work procedures and plans.
All potential materials to be used for development are tested comprehensively and rigorously to identify their properties. Development and production processes are carried out according to the criteria set out in existing procedures.
All ICL segments have adopted the principles of Responsible Care, the global chemical industry’s initiative to drive continuous improvement in its performance according to environmental, health and safety (EHS) parameters.
The Responsible Care program strives for continuous improvement in the chemical industry, meeting and going beyond legislative and regulatory compliance, promoting volunteer initiatives to realize these principles together with government, public and other stakeholders, and catalyzing other activities to establish security and public trust in the chemical industry.
The cornerstones of Responsible Care at ICL are product stewardship, reduction of greenhouse gases, conservation and clean energy, community awareness, accountability and emergency preparedness and regulation issues.
ICL has created a structured process to review, identify, manage and reduce the environmental risks associated with its companies’ operations.
ICL aims to operate a sustainable chemical company. As part of the strategic planning required to implement sustainable business activity, an organizational structure has been established for the management of risk, and structured programs have been created to promote the issue.
Through this structured process, ICL aims to realize the precautionary principle for environmental issues.
ICL operates proactively to improve the positive impact of its operations on sustainability and the environment, and takes steps to reduce any adverse effects.
Positive impacts include the development of products that help reduce carbon emissions, increase agricultural yields, prevent fires and reduce mercury emissions from coal-fired power stations
As a publicly traded company, ICL operates with full transparency and in accordance with all relevant corporate, economic, social and environmental laws, regulations and guidelines.
ICL works to maximize its profits for the benefit of its shareholders while maintaining the utmost care for other stakeholders such as employees, suppliers, customers, creditors and the community in which it operates.
ICL strives to adopt the leading globally-accepted standards for its conduct in all matters. ICL’s total sales in 2010 were 5.7 billion USD. In the past three years, ICL has invested more than one billion shekels in projects for protecting the quality of the environment.
ICL operates according to advanced corporate governance principles.
For example, the Company enforces a clear separation between the functions and responsibilities of the Board of Directors and those of the Company’s officers that are not Directors. The Company has established control mechanisms at the management level, and an auditing mechanism in the field.
As part of its implementation of a Group-wide Code of Ethics, ICL companies operate hotlines that enable employees to establish direct contact with internal auditors and Code of Ethics managers, expediting their reporting of any issue or event which they believe may be improper or illegal.
ICL integrates quality management systems into many areas of its operations. It believes that these systems contribute to the improvement and streamlining of processes and performance, and that they reduce risk.
ICL supports and affords high importance to the continuous learning of its employees and management, and encourages them to play an active role in relevant professional associations in Israel and other countries.
ICL was established in 1968 as a company owned by the Israeli government, and privatized in a process which began in 1992.
Approximately 70% of ICL shares are held directly and indirectly by the public. ICL operates via three segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products, each of which is structured as an administrative rather than a legal entity.
ICL’s CEO is responsible for overall management of the ICL Group, and is assisted by an executive staff that includes the CEOs of ICL Fertilizers and ICL Industrial Products.
ICL’s headquarters is located in Tel-Aviv. ICL’s strategy for reinforcing its market position includes expanding its global distribution while also adding products and services that are synergetic with its operations through joint ventures and acquisitions of companies in adjacent sectors.
ICL products are used in applications that improve the quality of life and the environment for people throughout the world.
ICL products are essential components in products manufactured by the electronic, pharmaceutical, textile and other industries.
ICL’s potash and phosphate fertilizers are used to accelerate plant development and to increase crop yields, thereby improving the world’s ability to feed its growing population.
ICL’s sustainability products help diverse industries ensure the safety of their consumer, pharmaceutical and industrial products, help protect the environment against water and air pollution, and conserve natural resources.
ICL operates via three major segments:
1. ICL Fertilizers.
2. ICL Industrial Products.
3. ICL Performance Products.
ICL Fertilizers mines potash from the Dead Sea, phosphates from the Negev Desert, and operates underground potash mines in Spain and the UK.
It markets raw potash and a broad range of fertilizers based on potash and phosphate rock. ICL Industrial Products develops, manufactures, markets and sells bromine and industrial chemicals for a variety of industrial uses.
ICL Performance Products develops, manufactures and sells a wide range of chemical specialty products based on phosphates
ICL believes that the adoption of corporate values and a Code of Ethics that are compatible with its organizational culture are key elements for realizing the Company’s mission, and that they are important components of strategies to improve organizational effectiveness and to manage change.
In 2011, ICL approved and published a new, revised Code of Ethics. The new Code of Ethics is a standard, global code prepared according to conventional and advanced practices, and replaces previous versions adopted by the Company’s subsidiaries. The Company has established Ethics Committees throughout its organization with the mandate of implementing the Code of Ethics.
The Code is based on six fundamental values: business integrity, excellence and striving for continuous improvement, commitment to safety, responsibility, respect for others and environmental commitment.
Practical, comprehensive solutions to the long-term challenges facing sustainable development are the result of dialogue with all the stakeholders of a successful business, ranging from employees, suppliers, distributors and customers, to government and control officials, academics, neighboring communities, civil organizations in environmental issues, consumers, human rights, work relations and community empowerment.
The Company maintains a constant dialogue between its plants throughout the world and their local communities. If controversial issues or specific incidents arise, ICL operates according to the principle of open and active communication.
Through transparency, we strive to address stakeholder concerns raised in public dialogue about the industry in general, and about our products and operations in particular, while building trust with customers, civil organizations, policy makers and leaders of the local community.
ICL is committed to a policy of corporate social responsibility, and its strategy conforms to these principles.
ICL is committed to managing its business in ways that lead to sustainable growth, and aims to achieve a balance between the needs of present and future generations while fulfilling all statutory and moral duties. ICL sets concrete, quantitative targets to assure that it continually improves the economic, social and environmental impact of its activities, and strives to achieve these objectives in a timely and responsible manner.
ICL is a leading global supplier of potash, bromine, pure phosphoric acid, specialty phosphates, bromide and phosphate-based flame retardants and fire-control chemicals.
It benefits from decades of accumulated experience in most of its businesses. Approximately 6% of ICL’s production is sold in Israel.
Advancing Business strategy, focusing on sustainability
ICL aims to develop new products that meet environmental standards through every stage of the product lifecycle. This policy also applies to acquired companies. The company takes steps to develop new products that contribute to the environment, such as Merquel, a unique product designed to prevent mercury emissions, water purification and desalination products for sage water supply, and phosphate-based flame retardants.
Responsible management of products throughout the product life cycle (Product stewardship)
In 2011, Rotem Amfert and Dead Sea Works were awarded product stewardship certification with honors by the International Fertilizer Association (IFA). ICL Companies work together with their customers to reduce environmental effects when using their products, in programs such as VECAP for fire retardants and a work plan with growers for proper use of fertilizers.
Adoption of Responsible Care principals for continuous improvement of health, safety and environmental performance.
In 2008, the CEO of ICL signed a commitment to the Responsible Care Global Charter, a document that details the principles by which the chemical industry is regulating its activities in the area of sustainability. ICL’s companies have each taken upon themselves the implementation of Responsible Care principles.
Code of Ethics to set rules for appropriate conduct for the Company and its employees.
In 2011, ICL approved an updated and comprehensive global Code of Ethics as the foundation of values upon which the corporate culture is based. The values in the Code of Ethics include business integrity, commitment to safety and environmental quality, respect for others, excellence and continuous improvement
National and international standards and certification
Achieving management standards certification for all ICL production plants: ISO 14001 environmental management, ISO 9001 quality management, OHSAS 18001 safety management.
All ICL production plants in Israel have attained certification for the three standards. By 2015, all ICL companies worldwide are expected to have adopted these standards of their equivalent.
The last decade has provided ICL with an opportunity to learn new ways of thinking and to improve our performance. Over this time, our awareness of corporate responsibility has evolved, resulting in an expansion of our strategies in the areas of contributing to the community and protecting the environment. As this CSR report demonstrates, we have internalized an approach that integrates commitment and action on a daily basis to benefit the environment and the society in which we live.
With a strong belief that monitoring and accountability are necessary for progress, we took upon ourselves the ongoing task of measuring our Corporate Social Responsibility, and reporting the results regarding a broad number of parameters as transparently as possible.
The first level includes strategy, planning and infrastructure. Implementation of this level required us to develop systems for gathering and analyzing environmental and social data, in addition to existing financial systems. These tools enabled us to implement a multi-year process of identifying, mapping and addressing social, environmental and economic risks as the basis for determining strategy and long-term planning. Today, our social and environmental impacts are also measured and managed as a unit within the corporation.
Over the last few years. ICL has significantly expanded its international operations, including the acquisition of companies that are enabling ICL to establish itself as one of the world’s leading companies in its field. The company has set performance targets for itself that reflect a strategy which emphasizes social and environmental responsibility in all activities, acquisitions and product development.
Acquisitions in the field of fertilizers and specialty fertilizers are enabling us to offer farmers around the world better and more environmentally compatible solutions for increasing and improving global agricultural production, contributing to an enhanced food supply for the world’s growing population.
ICL industrial Products’ acquisition of the world’s largest phosphorus-based flame retardants manufacturer broadened the range of solutions that it offers to protect human life and the environment against fire and burn incidents.
ICL industrial products has also expanded its product range with the Merquel series solutions. These products provide a solution for the polluting mercury emitted from coal fired power stations, a further demonstration of product development that benefits people, and makes a significant contribution to the environment.
The activity, together with others under development, reflects ICL’s vision to develop products using sustainable green principles and to pursue environmental responsibility and product stewardship, from development, through production and until the end of the product life cycle.
ICL has also acquired a company whose core operation is water purification for both drinking and industrial use. In this way, ICL contributes to purification of water sources, making them safe for millions of people around the world to drink, particularly for disadvantaged populations in developing and third world countries.
All that is not by chance, but rather a reflection of a planned organizational strategy of which we are proud, and through which we are ensuring that we – our employees and managers together – will continue in this direction in the coming years.
The second level of corporate responsibility is execution and change in practice. Over the last three years, ICL has invested over one billion shekels in carrying out our significant environmental improvements. No other company in Israel has invested so heavily in this field. This immense investment has enabled ICL employees and managers to act simultaneously in several areas: energy systems were reengineered to reuse by-products previously considered to be waste but now used as resources in production; new and advanced equipment was installed in a range of plants; new procedures were enacted; and additional safety measures were adopted.
The Company’s strategic change, together with its considerable investment in the environmental sector, has made ICL one of the leading and most advanced companies in social and environmental responsibility. For example, this year for the first time in Israel, we are voluntarily reporting the Company’s carbon footprint as part of a broader process that includes mapping the carbon footprint of the company’s plants and product. Rotem Amfert Negev was awarded Product Stewardship Certification and rated “Outstanding” by the international Fertilizer Association (IFA), the first fertilizer company in the world to be so honored.
In addition. We have initiated a unique process to certify ICL facilities as “Green Plants”. As there is no Israeli standard for this, the Company has formulated and adopted an internal standard for this purpose.
None of the processes described above could have been carried out without the commitment and responsibility of the Company’s human capital, namely its managers and employees. We are proud of their willingness, diligence and commitment to this process and the great effort invested in improved efficiency, professionalism and high standards.
The decrease in the number of occupational accidents is the result of training, increased awareness and the day-to-day activities of both managers and employees. Safety and environmental protection managers work day and night to integrate these values as a culture and way of life in the organization, and we are committed to continuing in this direction.
The third layer of corporate responsibility include the Company’s reporting to – and dialogue with – the public and with the expanding number of groups that have an interest in and connection to the Company’s operations. In recent years, we have maintained close dialogue without neighbors. Particularly those located near the Ramat Hovav, Sdom and Rotem plants. This dialogue has contributed greatly to our understanding internalization and change in approach to the main concerns raised by local residents. This report, our most comprehensive prepared to date, is a further expression of our acceptance of the need to maintain an open, Relevant and effective dialogue with all groups that have an interest on our operations, from civil, environmental and social organizations through each and every one of the Company’s suppliers, customers and employees.
We hope that this report will serve as a source of quantitative and qualitative information and as a basis for the many discussions that take place every day in our plants, among our employees and managers, with the general public and groups interested in our operations, with planning and standardization bodies, and among the various media. Indeed, the very process of preparing the report served as a basis for this dialogue.
If in the past, potential investors requested only financial information. Today many are also interested in an analysis of the Company’s environmental and social performance. Over the past two years, several analysis that specialize in ethical investments have used information about corporate responsibility published by ICL. In addition, we have provided another tool for ethical investors: we are reporting on carbon and water issues through the international Carbon Disclosure Project (CDP) for the second consecutive year.
Due to growing indications that we are facing a period of significant global economic, social and environmental challenges, this report is submitted to you as evidence of ICL’s robustness, ability to learn and face the challenges of the era and to contribute our capabilities in support of a solution.
We welcome your feedback regarding the extent of the report’s contribution, use of content and manner in which the company has chosen to act in this important and significant area.