Nutrien Releases ESG Report, Launches Commitments to Drive Sustainable Agriculture and Impact Climate Change
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:
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.
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.