TEL AVIV, Israel, October 18, 2018 /PRNewswire/ --
ICL (NYSE: ICL) & (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that it has joined the Together for Sustainability's ("TfS") global supplier sustainability initiative. The TfS initiative assesses and improves sustainability practices within supply chains of the chemical industry. Joining the TfS initiative is an important step for ICL that will enable the company global procurement organization (GPO) to enhance its engagement with the supply chain, while increasing ICL's confidence in the good practices of its suppliers.
ICL's proven commitment to sustainability is evident by its broad range of sustainability initiatives and programs that are fluently integrated into its methods of operations. Following the company's significant enhancement of its own internal sustainable practices and product stewardship methodologies over the past decade, ICL is now taking its sustainability efforts to the next level. By joining the TfS initiative and adhering to its standards, ICL's GPO aims to ensure that its suppliers will engage in sustainable practices as well in areas such as the environment, safety, ethics and human rights.
TfS is an international non-profit association with a global audit program to assess and improve sustainability practices within the supply chains of the chemical industry. Following the principle, 'An audit for one is an audit for all', sustainability assessments and audits are shared between its members subsequently. Ultimately, collaboration within the initiative could lead to a common standard for benchmarking the sustainability performance of companies within chemical industry supply chains. TfS currently has 21 members and now welcomes ICL as a new member. In order to become a member of TfS, companies have to fulfill several criteria proving their own commitment and efforts in the field of sustainability.
Charles Weidhas, ICL's Chief Operating Officer, stated: "ICL's membership in TfS joins numerous other sustainability and transparency achievements by our company. We annually publish a comprehensive Corporate Responsibility report, and our sustainability practices and disclosures receive global recognition. For example, we received an A- score for our 2017 Carbon Disclosure Project report - tying for second best among global fertilizer producers, a Platinum (second best) sustainability ranking by Israel's 'Maala' organization which promotes CSR practices in Israel, and ranked in the top 7% of companies by Ecovadis, an organization that monitors the sustainability efforts of companies with global supply chains. We will continue to prove our commitment to our stakeholders by identifying and implementing additional sustainability initiatives and practices. Joining TfS enables ICL to partner with suppliers and other stakeholders and truly engage in capacity building to advance sustainable development. I am very proud that we have become a part of this remarkable initiative to further improve sustainability in our supply chains".
About ICL
ICL is a global specialty minerals and chemicals company operating potash, bromine and phosphate mineral value chains in a unique, integrated business model. ICL extracts raw materials from well-positioned mineral assets and utilizes technology and industrial know-how to add value for customers in key agricultural and industrial markets worldwide. ICL focuses on strengthening leadership positions in all of its core value chains. It also plans to strengthen and diversify its offerings of innovative agro solutions by leveraging ICL's existing capabilities and agronomic know-how, as well as the Israeli technological ecosystem. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE: ICL) & (TASE: ICL). The Company employs approximately 11,000 people worldwide, and its sales in 2017 totaled US$5.4 billion. For more information, visit the Company's website at www.icl-group.com.
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