This International Women’s Day, the company
also launched a US$500,000 Inclusion Challenge with Radicle Growth
for Women and Black, Indigenous & People of Color (BIPOC)
agri-tech entrepreneurs
Nutrien Ltd. (TSX and NYSE: NTR) released today its 2022
Environment, Social and Governance (ESG) Report. The report
captures a year of focused action in the pursuit of Nutrien’s 2030
sustainability commitments and supporting initiatives. Related
information regarding Nutrien’s ESG governance, risk management,
strategic opportunities and performance are also outlined within
this report.
Mark Thompson, Executive Vice President, Chief Strategy and
Sustainability Officer said, “In 2021, we accelerated our efforts
to help address the world’s food security needs and sustainably
feed a growing global population, with a view to strengthening
long-term viability for Nutrien and our stakeholders. Our 2022 ESG
Report demonstrates the significant company-wide efforts we’re
making to play a leadership role in building the resilience of our
global food system and advance the necessary pathways to support a
sustainable future for agriculture and our planet.”
Highlights from the 2022 ESG Report include:
- Continued improvement in overall ESG research ratings,
establishing Nutrien as a top sector performer, including a #1
ranking by Vigeo Eiris/Moody’s ESG Solutions in the Chemicals North
America sector.
- Approved US$50 million in investments for Scope 1 emissions
reduction projects that are expected to reduce CO2 equivalent
emissions by 1 million tonnes by the end of 2023.
- Record Total Recordable Injury Frequency performance in
alignment with Nutrien’s core value of safety.
- Intensity declines across total Scope 1 and 2 emissions, energy
and freshwater consumption measures.
- Strong grower interest in Nutrien’s Carbon Program, resulting
in approximately 225,000 pilot acres enabled across North America
in 2021.
- Signed collaboration agreements to advance low- and zero-carbon
ammonia development, including a low-carbon, ammonia-fueled vessel
and a pilot-scale green ammonia plant.
- Taught more than one million youth about sustainable
agriculture through Nutrien’s sponsorship of education
programs.
- Partnered with Radicle Growth for an Inclusion Challenge to
support Women and Black, Indigenous and People of Color (BIPOC)
agri-tech entrepreneurs (details below).
Nutrien is committed to ESG reporting best practices. For its
2022 ESG Report, Nutrien has incorporated certain recommendations
from the Task Force on Climate-Related Financial Disclosures that
provide valuable insight into its climate-impact and long-term
resiliency. Nutrien’s ESG report is also informed by best practices
from the World Business Council for Sustainable Development ESG
Disclosure Handbook and metrics from the Sustainability Accounting
Standards Board.
To view Nutrien’s 2022 ESG Report, please click here.
Radicle Inclusion Challenge presented by Nutrien
Nutrien also announced today details of an industry-first
Inclusion Challenge aimed at bringing investment and awareness to
groups that have historically been underrepresented in agriculture,
including, Women and BIPOC entrepreneurs face when attaining
early-stage capital. Hosted in partnership with Radicle Growth, a
company-building platform for early-stage agriculture and food
technologies, the effort will focus on catalyzing actions within
the agri-tech sector to increase the level of support provided to
these historically underrepresented groups.
The Radicle Inclusion Challenge Presented by Nutrien will award
two organizations committed to advancing women or BIPOC in the
agriculture startup space with a US$250,000 investment. Winners
will represent the two best agri-tech ideas or companies, as
selected by a panel of industry experts and Nutrien leaders at a
one-day pitch event this fall. Along with a monetary investment and
mentoring opportunities from Nutrien experts, winning organizations
will gain access to Radicle’s unique platform which provides
operational services and other strategic partnerships valuable for
entrepreneurs looking to take their ideas to the next level.
Candace Laing, Vice President, Sustainability and Stakeholder
Relations, said, “The purpose of this challenge is to provide
equality of opportunity to those startups in the agri-tech sector
that have been previously underrepresented, resulting in difficulty
attracting the capital, mentorship and resources they need to be
successful. This is a clear demonstration of Nutrien’s commitment
to increase participation of historically underrepresented groups
in agriculture. Our hope is that we can start a movement that
shines light on the important work that has previously gone
unsupported.”
Kirk Haney, Managing Partner with Radicle Growth, said, “We’re
excited about this first-of-its-kind initiative in the agri-tech
industry and are pleased that Nutrien stepped-up to lead it
alongside us. Radicle Growth has seen first-hand the challenges
faced by female and BIPOC entrepreneurs, and we hope this effort
will play a role in levelling the playing field, offering
opportunities many of these organizations otherwise may not have
had.”
Interested organizations can learn more and register for updates
here.
Forward-Looking Statements
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 are not limited to: Nutrien’s sustainability, climate
change and ESG plans, initiatives and strategies, and Nutrien's ESG
commitments and ESG targets and its expectations regarding
achievement thereof. 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. 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.
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 2022 ESG Report, Feeding
the Future Plan, as well as the 2021 Annual Report dated February
17, 2022 and the Annual Information Form dated February 17, 2022
for the year ended December 31, 2021, filed under Nutrien’s profile
on SEDAR at www.sedar.com and with the and the Securities and
Exchange Commission in the US 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, except as may be required under applicable
Canadian securities legislation or applicable US federal securities
laws.
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
approximately 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.
About Radicle Growth
Radicle Growth selects innovative, early-stage companies for
investment, ensuring that disruptive ag tech & food tech
companies reach their full potential. In addition to providing
seed-stage capital, Radicle Growth provides a fertile environment
for visionaries in the ag and food space to flourish. Their
proprietary platform is one of a kind in the ag and food industry,
filling a huge void in the market by identifying the most
innovative technologies and accelerating them with a range of
value-creation initiatives. To connect and learn more about Radicle
Growth follow us on LinkedIn, Twitter and Instagram.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220307005994/en/
Investor Relations Jeff Holzman Vice President, Investor
Relations (306) 933-8545
Media Relations Megan Fielding Vice President, Brand
& Culture Communications (403) 797-3015
Contact us at: www.nutrien.com
Nutrien (TSX:NTR)
Historical Stock Chart
From Oct 2024 to Nov 2024
Nutrien (TSX:NTR)
Historical Stock Chart
From Nov 2023 to Nov 2024