Nutrien Releases ESG Report, Launches Commitments to Drive Sustainable Agriculture and Impact Climate Change
April 08 2021 - 6:30AM
Business Wire
Striving to transform agriculture through six
commitments that address feeding the planet sustainably, supporting
environment and climate action, driving inclusive agriculture, and
helping meet the United Nations’ Zero Hunger Sustainable
Development Goal
Nutrien Ltd. (TSX and NYSE: NTR), the world's largest provider
of crop inputs and services, today announced the release of its
2021 Environmental, Social and Governance (ESG) Report. Related
information regarding Nutrien’s governance, risk management,
strategic opportunities and performance are outlined within this
report. Nutrien also launched six commitments to address the
challenge of sustainably feeding a growing global population while
protecting the planet. The Feeding the Future Plan has action
pathways to help transform agriculture by the year 2030:
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the full release here:
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- Enable growers to adopt sustainable and productive
agricultural products and practices on 75 million acres
globally.
- Launch and scale a comprehensive Carbon Program,
empowering growers and the agriculture industry to accelerate
climate-smart agriculture and soil carbon sequestration while
rewarding growers for their efforts.
- Achieve at least a 30 percent reduction in greenhouse
gas (GHG) emissions (Scope 1 + 2) per tonne of our products
produced.*
- Invest in new technologies and pursue the transition to
low-carbon fertilizers, including blue and green ammonia.
- Leverage our farm-focused technology partnerships and
investments to drive positive impact in industry and grower
innovation and inclusion.
- Create new financial solutions for growers to strengthen
social, economic and environmental outcomes in agriculture.
The world’s population is expected to reach 10 billion people by
the year 2050, and innovation is needed to increase food production
for generations to come. The Feeding the Future Plan reflects
Nutrien’s commitment to drive systemic change by helping to scale
sustainable and inclusive agriculture. It also includes Nutrien’s
commitment to set science-based climate emissions targets through
the Science Based Targets initiative (SBTi).
Nutrien’s 2021 ESG Report is a valuable tool for investors and
other stakeholders to review Nutrien’s key material ESG risks and
opportunities.
Executive Commentary
Chuck Magro, President and CEO, Nutrien, said, “Nutrien is
focused on meeting the United Nations’ Zero Hunger Sustainable
Development Goal in the coming decade by helping growers increase
food production in a sustainable manner. Our 2030 commitments and
ESG performance targets are ambitious, but necessary, which is why
we are dedicated to working across our value chain on initiatives
like our comprehensive Carbon Program to build a pathway forward
that will help lead the next wave of agriculture’s evolution. This
effort drives at the core of our strategy to feed more people,
using less resources and with fewer emissions.”
“We know a collaborative effort is required to address climate
change and feed the world. With a long-term goal to scale our
programs and create real, lasting change, Nutrien is encouraging
stakeholders to come together to evolve the systems and policies
needed to address these challenges. As we strive to transform our
food system, we encourage the sharing of information and pooling of
resources for a new generation of systems-based solutions.”
“We take our role in feeding the future seriously. Our direction
is clear. Join us on our journey,” added Magro.
Nutrien will host an ESG stakeholder update to speak in more
detail to our ESG plans and our comprehensive Carbon Program on May
17, 2021 in association with our Annual General Meeting.
To view Nutrien’s 2021 ESG Report, please click here.
For more information on the Feeding the Future Plan, please
visit our website.
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*From 2018 levels.
Forward Looking Statement
Certain statements and other information included in this news
release constitute "forward-looking information" or
"forward-looking statements" (collectively, "forward-looking
statements") under applicable securities laws. Such statements
include, but not limited to: Nutrien's sustainability, climate
change and ESG initiatives; expectations regarding Nutrien's
Feeding the Future Plan and its 2030 commitments and ESG
performance targets; Nutrien's 2030 GHG emissions reduction
commitment; Nutrien's initiatives to promote sustainable
agriculture; Nutrien's commitment to invest in research and
development to advance the agriculture industry; expectations
regarding Nutrien's investment in new technologies to support a
transition to low-carbon fertilizers, including blue and green
ammonia; the implementation of Nutrien's Carbon Program and the
benefits therefrom; and Nutrien's commitment to create new
financial solutions to strengthen social and environmental outcomes
in agriculture Forward looking statements in this news release are
based on certain key expectations and assumptions made by Nutrien,
many of which are outside of our control. In respect of such
forward-looking statements, we have made assumptions with respect
to, among other things, our ability to successfully deploy capital
and pursue other operational measures, including the successful
implementation by Nutrien of proposed or potential strategies and
plans to address its 2030 commitments and ESG performance targets;
the successful application to our current and future operations of
existing and new technologies; projected capital investment levels,
the flexibility of Nutrien's capital spending plans and the
associated source of funding; and the development and performance
of technology and technological innovations and the future use and
development of technology and associated expected future results.
Although Nutrien believes that the expectations and assumptions on
which such forward looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because Nutrien can give no assurance that they will
prove to be correct. Forward looking statements are subject to
various risks and uncertainties which could cause actual results to
differ materially from the anticipated results or expectations
expressed in this news release including, but not limited to, our
ability to deploy sufficient capital to fund the necessary
expenditures to implement the necessary operational changes to
achieve these commitments; our ability to implement requisite
operational changes; our ability to develop, access or implement
some or all of the technology necessary to efficiently and
effectively achieve expected future results; the commercial
viability and scalability of required technology and products;
development and growth of end market demand for sustainable
products and solutions; the performance of third parties; and the
development and execution of implementing strategies to meet such
commitments. For additional information on the assumptions made,
and the risks and uncertainties that could cause actual results to
differ from the anticipated results, refer to the Feeding the
Future Plan, the 2021 ESG Report, as well as the 2020 Annual Report
dated February 18, 2021 and the Annual Information Form dated
February 18, 2021 for the year ended December 31, 2020, filed under
Nutrien’s profile on SEDAR at www.sedar.com and with the U.S.
Securities and Exchange Commission at www.sec.gov.
The forward-looking statements in this news release are made as
of the date hereof and Nutrien disclaims any intention or
obligation to update or revise any forward-looking statements in
this news release as a result of new information or future events,
except as may be required under applicable U.S. federal securities
laws or applicable Canadian securities legislation.
About Nutrien
Nutrien is the world's largest provider of crop inputs and
services, playing a critical role in helping growers increase food
production in a sustainable manner. We produce and distribute 27
million tonnes of potash, nitrogen and phosphate products
world-wide. With this capability and our leading agriculture retail
network, we are well positioned to supply the needs of our
customers. We operate with a long-term view and are committed to
working with our stakeholders as we address our economic,
environmental and social priorities. The scale and diversity of our
integrated portfolio provides a stable earnings base, multiple
avenues for growth and the opportunity to return capital to
shareholders.
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version on businesswire.com: https://www.businesswire.com/news/home/20210408005185/en/
Media Relations Megan Fielding Vice President, Brand
& Culture Communications (403) 797-3015
Megan.fielding@nutrien.com Investor Relations Richard Downey
Vice President, Investor Relations (403) 225-7357
Investors@nutrien.com
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