Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 2

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 2
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 disciplined stewardship of the business — to accelerate the world’s transition to clean energy. Decarbonization of the Company’s ammonia production network is at the heart of this strategy. Producing ammonia with a low- carbon footprint, as opposed to traditional production processes, enables its use as a clean energy source as well as a low-carbon fertilizer. Today, we have decarbonization projects in-flight that will reduce our annual greenhouse gas emissions by up to 2.5 million tons of CO 2 -e annually. These projects do more than just enable us to meet our interim greenhouse gas emissions goals. Due to the 45Q carbon capture and sequestration tax credit, these projects will earn a rate of return above our cost of capital. These projects also differentiate our products in the marketplace, providing opportunities to earn a premium as downstream industries such as consumer packaged goods companies and ethanol producers seek to decarbonize their supply chains. The Board and management share a commitment to a disciplined approach to clean energy growth initiatives. As we take substantial steps today to decarbonize our existing network, we are evaluating the construction of a greenfield low-carbon ammonia plant in Ascension Parish, Louisiana, with equity and offtake partners. This opportunity to grow our production network is supported by a tightening global nitrogen supply-demand balance and emerging demand for low-carbon ammonia for new applications. Our approach has included detailed front-end engineering and design studies of existing and new ammonia production technologies to ensure we can generate returns on a risk-adjusted basis above our cost of capital and further enhance the cash generation capability of the Company. For more information on the Company’s strategic focus on clean energy, please see the Proxy Statement Summary — Our Business and Strategy section. Governance of CF Industries The accompanying Proxy Statement describes CF Industries’ corporate governance policies and practices that foster the Board’s effective oversight of the Company’s business strategies and practices. We believe the Board’s leadership structure and the variety of experience and skills of our directors has been, and continues to be, critical to our success. Our 13 director nominees offer a broad set of qualifications and perspectives and possess a wealth of leadership and professional experience, which contributes to the board’s effectiveness through its oversight of strategy and risk management, as well as providing guidance that positions the Company for long-term success. Of the 13 board nominees, 11 are independent, which includes our Chairman of the Board and all committee chairs and members. Over half of the members of the Board have joined since 2017. A Bright Future Investing in the business