PLYMOUTH, Minn., Nov. 12, 2012 /PRNewswire/ -- The Mosaic Company
(NYSE: MOS) today released its 2012 Corporate Sustainability
Report, which includes information on 86 indicators according to
the Global Reporting Initiative 3.1 and the Mining and Metals
sector supplement. The web-based report highlights Mosaic's
progress in the areas of food, the environment, community and
people.
For Mosaic, the sustainability of its organization begins with
the health and safety of employees and contractors. In fiscal 2012,
Mosaic made great progress in its relentless pursuit of an
injury-free workplace with a more than 50 percent improvement in
its Mosaic Safety Index over fiscal 2011—achieving its best year of
safety performance in company history. Learn how Mosaic continues
to develop its safety culture across global operations in the
video, "Safety: The Bottom Line is People."
"Sustainability is embedded in virtually everything we do, from
stringent safety programs to energy efficiency, water conservation
and community investment," said Jim
Prokopanko, President and CEO of Mosaic. "It's also
reflected in our commitment to increased transparency and
accountability companywide."
Putting promise into action at the facility level, Mosaic's
Phosphates and Potash businesses produced enough electrical energy
to satisfy 47 percent of companywide demand through cogeneration,
the process of converting waste heat to energy. As a result, Mosaic
reduced its carbon emissions by approximately 1.2 million tonnes
and lowered electricity expenditures by approximately $100 million in 2011.
Additional accomplishments in this year's sustainability report
include:
- Ranked No. 28 in Corporate Responsibility Magazine's 100 Best
Corporate Citizens in the United
States, up from 67 in 2011.
- Scored 90 out of 100 for disclosure of information in the 2012
Carbon Disclosure Project report—a 12-point increase from last
year--and received a grade "B" for climate performance.
- Signed the United Nations Global Compact, affirming the
company's deep commitment to operate according to universally
accepted principles in the areas of human rights, labor,
environment and anticorruption.
- Improved Recordable Incident Frequency Rate by 25 percent
versus fiscal 2011, and Lost Time Incident Frequency Rate improved
by 33 percent over last year.
- Reused or recycled approximately 95 percent of water used at
Florida Phosphates operations in 2011. Over the last 20 years,
these operations have decreased groundwater use by more than 50
percent.
- Satisfied approximately 80 percent of water needs through
recycling and reuse at Canadian potash shaft facilities.
- Developed Nexfos® feed-grade phosphate, a new
product that requires approximately 90 percent less water and 55
percent less electricity per ton to produce than traditional
feed-grade phosphate.
Mosaic's Florida Phosphates operations reclaim every acre of
land they mine, with an emphasis on the connectivity of natural
systems to ensure viable ecosystems and to maximize biodiversity.
In 2011, the company mined 2,255 acres of phosphate reserves and
reclaimed 6,474 acres of Central
Florida land. In total, Mosaic has preserved 19,709 acres in
permanent conservation easements; acres that include all areas
designated as non-impacted floodplain, preservation and granted
conservation easements for existing mines and permits. Watch the
video, "For Generations to Come: Mosaic's Commitment to the Land,"
to see the comprehensive reclamation efforts that help make
Mosaic's phosphate rock one of the most responsibly sourced
minerals in the world.
"Through advanced science and technology practices, we're
setting new standards for quality reclamation and ensuring that the
habitats and developments we create can be sustained for
generations to come," Prokopanko said. "We take great pride in
keeping our promises to stakeholders to protect the well-being of
our environment, strengthen our communities and operate with
integrity."
In fiscal 2012, The Mosaic Company, The Mosaic Company
Foundation and The Mosaic Institute in Brazil invested a combined $23.6 million in food, water and local community
enrichment programs. Funding also helped expand The Mosaic Villages
Project, a smallholder farmer initiative started in 2008 to help
families escape a cycle of hunger and poverty. Each year, the
Villages Project helps farmers in India, Guatemala, Mali, Ghana,
Nigeria, Malawi, Kenya, Uganda, Tanzania and Ethiopia increase yields an average of three
to five times, over traditional farming practices. Watch the
"Krishi Jyoti Villages Project in India" video to learn more about
smallholder farmers' crop yield successes.
For more information on The Mosaic Company and its 2012
Sustainability Report, visit www.mosaicco.com/sustainability/report
and The Mosaic Company YouTube channel
www.youtube.com/MosaicCompany.
About The Mosaic Company
The Mosaic Company is the
world's leading producer and marketer of concentrated phosphate and
potash. Driven by its mission to help the world grow the food it
needs, Mosaic is committed to strengthening global food security
and protecting critical water resources. The Mosaic Company and The
Mosaic Company Foundation make investments in and partner with
best-of-class leaders in the focus areas of food, water and local
community investments. For more information on The Mosaic Company,
visit www.mosaicco.com.
About the Global Reporting Initiative
The Global
Reporting Initiative (GRI) is an independent, network-based
organization that has pioneered the development of a widely used
sustainability reporting framework and is committed to its
continuous improvement and application worldwide. Learn more at
www.globalreporting.org.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about future financial and operating results. Such statements are
based upon the current beliefs and expectations of The Mosaic
Company's management and are subject to significant risks and
uncertainties. These risks and uncertainties include but are not
limited to the predictability and volatility of, and customer
expectations about, agriculture, fertilizer, raw material, energy
and transportation markets that are subject to competitive and
other pressures and economic and credit market conditions; the
level of inventories in the distribution channels for crop
nutrients; changes in foreign currency and exchange rates;
international trade risks; changes in government policy; changes in
environmental and other governmental regulation, including
greenhouse gas regulation, implementation of the U.S. Environmental
Protection Agency's numeric water quality standards for the
discharge of nutrients into Florida lakes and streams or possible efforts
to reduce the flow of excess nutrients into the Gulf of Mexico; further developments in
judicial or administrative proceedings; difficulties or delays in
receiving, increased costs of or challenges to necessary
governmental permits or approvals or increased financial assurance
requirements; resolution of global tax audit activity; the
effectiveness of the Company's processes for managing its strategic
priorities; adverse weather conditions affecting operations in
Central Florida or the Gulf Coast
of the United States, including
potential hurricanes or excess rainfall; actual costs of various
items differing from management's current estimates, including,
among others, asset retirement, environmental remediation,
reclamation or other environmental regulation, or Canadian
resources taxes and royalties; accidents and other disruptions
involving Mosaic's operations, including brine inflows at its
Esterhazy, Saskatchewan potash
mine and other potential mine fires, floods, explosions, seismic
events or releases of hazardous or volatile chemicals, as well as
other risks and uncertainties reported from time to time in The
Mosaic Company's reports filed with the Securities and Exchange
Commission. Actual results may differ from those set forth in the
forward-looking statements.
SOURCE The Mosaic Company