Jun 24 2010
ICL (TASE:ICL), a multinational fertilizer and specialty chemicals company, today announced that it has published its comprehensive "CR 2009" Corporate Responsibility report, a document that details its policies, programs, achievements and goals in the areas of environmental protection, sustainability and social responsibility. The report is available for download in both Hebrew and English from the Company's website.
Part of its commitment to transparency and accountability, this report includes a comprehensive accounting of the environmental impact of ICL's Israeli operations, and a detailed description of projects underway to reduce the impact. The Company's investments in this area totaled $90 million in 2009 and are budgeted to reach $120 million in 2010. These investments were undertaken in line with policies set by ICL's parent company, Israel Corp., and its Chairman, Mr. Idan Ofer.
Commenting on the report, Mr. Akiva Mozes, President and CEO of ICL, said, "For several years, we have built ICL's strategies for growth within a clear commitment to corporate responsibility. This dictates that we deal fairly and transparently in all of our dealings with all of our stakeholders, beginning from our shareholders and employees and the communities in which we live and work, and stretching along the value chain to our customers and suppliers. We believe this commitment is a basic platform from which we work to earn the trust of a world that needs our progress, reaching for growth and progress in a sustainable and responsible way that benefits us all.
"In undertaking this report, we have demonstrated our desire to go beyond the letter of the law and to communicate openly with all interested parties. While we are proud of our accomplishments in the past, we pledge to achieve even more in the future, as demonstrated by increased budgets for our investment in all areas of corporate responsibility. Through transparent reporting, we hope to establish a basis for ongoing communication that will help us take our business to the next level."
Source: http://www.icl-group.com/