The Mosaic Company Recognized For Leadership In Climate Change Action And Transparency
PLYMOUTH, Minn., Sept. 25, 2013 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) was recognized today for the voluntary reporting of its global greenhouse gas (GHG) footprint and for emissions reductions activities by CDP. Mosaic has reported the GHG inventory of over 50 facilities in seven countries to the CDP since 2009.
For its efforts, Mosaic is included in the 2013 CDP S&P 500 Climate Disclosure Leadership Index (CDLI) and the CDP S&P 500 Climate Performance Leadership Index (CPLI). Mosaic is the first crop nutrition company recognized for inclusion in these indices.
"We are proud of the progress made by our operations, environmental, health and safety, and supply chain teams in reducing Mosaic's energy use and emissions profiles," said Mosaic President and CEO Jim Prokopanko. "Sustainability is an integral part of Mosaic's business strategy, and this recognition encourages us to further reduce our energy costs and environmental impact—which also helps ensure long-term growth and shareholder value."
In 2012, Mosaic's emissions reductions came from a variety of company-wide initiatives. This included the expansion of Mosaic's capacity to transmit clean electricity to its mines from nearby manufacturing plants, where waste heat is converted into carbon free electricity. Other projects with emissions reductions included installing LED lighting at facilities in Florida and China, transitioning to a natural gas powered trucking fleet in Florida and the design of Nexfos®, an innovative livestock feed product that significantly reduces impacts to the environment compared to traditional feedstock products.
In 2012, Mosaic produced enough electricity—approximately 5.9 million gigajoules—through cogeneration to satisfy 39 percent of its companywide electrical demand. By producing and using its own clean energy, Mosaic avoided approximately 1 million tonnes of CO2e emissions, the equivalent of taking approximately 195,000 cars off the road for a year.
"U.S. Companies that score highly enough to be included in the Climate Disclosure Leadership Index (CDLI) are responding to the call for greater corporate climate accountability," said Paul Simpson, CEO of CDP. "They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy."
CDP asked over 5,000 of the world's largest companies to report their climate strategies, GHG emissions and energy use. CDP awarded Mosaic a score of "97" in disclosure, an improvement of 7 points over 2012 – and a grade of "A" in performance.
The CDLI comprises the organizations that achieved a score within the top 10 percent of the sample assessed. In 2013 the S&P 500 CDLI comprises 53 companies. The minimum score has risen as corporate understanding of the need for transparency on GHG footprint has increased.
The CPLI annual index highlights those companies listed on the Standard & Poor's 500 Index that demonstrate strategies committed to improving their impact on the environment. Achieving an 'A band' for climate performance is a prerequisite for a position on the CPLI, which is based on a number of criteria associated with measuring, verifying and managing carbon footprints. 36 S&P 500 companies are featured in the 2013 CPLI.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the Company is available at www.mosaicco.com.
SOURCE The Mosaic Company