PHILADELPHIA, June 7, 2016 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today released a detailed summary of its sustainability performance in 2015 and announced new five- and 10-year goals in research and development, safety, community engagement, environmental impact and a range of metrics tied to its workforce, products and processes. The global specialty company's 2015 Sustainability Report, "Our Formula for Progress," is its fifth yearly update and is produced in accordance with GRI (Global Reporting Initiative) G4 guidelines.
"Sustainability is a key element of our strategic business planning," said Pierre Brondeau, FMC president, CEO and chairman. "It is also the cornerstone of our R&D technology platforms to ensure our new products create customer and shareholder value while advancing a more sustainable world."
In order to measure FMC's progress, Brondeau announced the company's first set of environmental impact goals, set for 2025. These goals are based on 2013 baseline data and include:
- 15 percent reduction in energy and greenhouse gas intensity;
- 15 percent reduction in waste intensity; and
- 20 percent reduction in water use intensity in water scarce areas.
Additionally, by 2020 the company intends to improve safety performance by reducing its Total Recordable Incident Rate from .51 to .30, raise the Community Engagement Index from 87 to 100 and increase the proportion of total R&D spend on sustainable product innovation from 67 percent to 80 percent.
Brondeau said the company's sustainability initiatives are framed by five major global challenges: food and health expectations, environmental consequences, climate change, scarce resources and land competition. "Employees in our Agricultural Solutions, Health and Nutrition, and Lithium businesses are sensitive to these issues and recognize our collective societal role in addressing them," he said. "We have pledged to advance our business practices in ways that address these challenges and regularly report on our progress."
Brondeau also noted that FMC took a major step in 2015 by becoming a signatory to the United Nations Global Compact. The Compact seeks to raise standards globally in the areas of human rights, labor rights, environmental protection and anti-corruption.
Additional information about FMC's sustainability initiatives, including an online copy of the 2015 Sustainability Report, is available at www.fmcsustainability.com.
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC acquired Cheminova in April 2015. Revenue totaled approximately $3.3 billion in 2015. FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.
Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2015 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.
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SOURCE FMC Corporation