Nutrien's 2023 ESG Report: Value-Driven Progress
Nutrien Ltd., a Canadian fertiliser company, has released its 2023 Environment, Social, and Governance (ESG) Report.
Nutrien's latest report highlights its progress in achieving sustainability commitments, short-term goals, and targets for 2022, as well as its ongoing efforts to enhance ESG governance and risk management.
The company is committed to driving sustainability both in its own operations and in the field, collaborating with growers, partners, and industry stakeholders to achieve measurable, science-based impacts.
“We remain focused on our Feeding the Future plan and related sustainability commitments, intending to lead the next wave of agriculture’s evolution. In 2022, Nutrien made significant progress towards achieving this goal as we continued to collaborate with peers and competitors across the industry to find ways to help address some of the world’s biggest food and emissions challenges now and into the future,” says Tim Faveri, Vice President, Sustainability and Stakeholder Relations.
The 2023 ESG Report highlights several key achievements, including:
Documenting 1 million acres in North America and Australia for crops harvested in 2022, providing sustainable and productive agriculture solutions for growers, and aiming to deliver better environmental outcomes.
Evaluating a new clean ammonia facility at Nutrien's existing Geismar, LA site, with a potential annual capacity of 1.2 million tonnes of clean ammonia. A final investment decision is expected in the second half of 2023.
Exceeding Nutrien's target of 25% by invoicing approximately 30% of local spending across its potash business in Saskatchewan with a direct Indigenous economic impact in 2022, reflecting around CAD 270 million in contract opportunities that have positively impacted Indigenous communities in Saskatchewan.
Achieving top-quartile Lost Time Injury and Total Recordable Injury performance across Retail, Nitrogen, and Phosphate Business Units.
Completing external verification of Nutrien's water stewardship practices through the Water Council's WAVE programme.
Awarding $500,000 to two ag-tech entrepreneurs committed to diversity and inclusion through the Radicle Inclusion Challenge presented by Nutrien, a pitch-day competition that aimed to accelerate inclusive investments in the agri-food industry.
Nutrien's sustainability strategy is aligned with the company's core values of inclusion, safety, integrity, and results. As a global agribusiness leader, engaging with stakeholders—including employees, investors, customers, suppliers, governments, indigenous people, and communities—is critical to sustaining Nutrien's environmental, social, and governance performance.
For more investor-related news
Click here to download or view the report.