exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
STRATEGY B STRATEGY C
BUSINESS, STRATEGY AND FINANCIAL PLANNING RESILIENCE OF THE ORGANIZATION’S STRATEGY
Our Strategy Our Strategy
Our strategy is to leverage our unique capabilities to accelerate the world’s transition to clean energy. We believe this strategy builds upon the company’s leadership Our strategy is to leverage our unique capabilities to accelerate the world’s transition to clean energy. We believe this strategy builds upon the company’s leadership
in ammonia production to capture emerging opportunities available to ammonia produced with a lower carbon intensity than that of ammonia produced through in ammonia production to capture emerging opportunities available to ammonia produced with a lower c
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
RISK MANAGEMENT A RISK MANAGEMENT C
IDENTIFYING AND ASSESSING CLIMATE-RELATED RISKS ORGANIZATIONAL INTEGRATION OF RISK MANAGEMENT PRACTICES
See 2024 Proxy Statement, “Corporate Governance -- Board Oversight of Strategy and Risk Management -- Board Oversight of Risk Management, pages 30-31. Our management has established an enterprise risk management (“ERM”) program that includes an annual assessment process that is designed to identify risks
that could affect us and the achievement of our objectives, including climate-related risks; to understand, assess, and prioritize those risks; and to facilitate the
While the potential impacts of climate change are difficult to predict, we believe climate change presents our
Keyword: governance
policies related to decarbonization, electricity generation or clean energy that could impact our business and investment decisions. In addition, to the extent that GHG See 2024 Proxy Statement, “Corporate Governance -- Board Oversight of Strategy and Risk Management -- Board Oversight of Risk Management, pages 30-31.
restrictions are not imposed in countries where our competitors operate or are less stringent than regulations that may be imposed in the United States, Canada or the
United Kingdom, our competitors may have cost or other competitive advantages over us. METRICS AND TARGETS A
METRICS USED BY THE ORGANIZATION
• We also face physical risk from adverse weather conditions, which depending on their severity, frequency and location have the potential to damage our facilities
and disrupt our operations, and to affect adversely the shipping and distribution of our products. CF Industries has published comprehensive ESG goals to our website, includ
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See 2024 Proxy Statement, “Corporate Governance -- Board Oversight of Strategy and Risk Management -- Board Oversight of Risk Management, pages 30-31.
Both scope 1 and scope 2 emissions are driven by the level of production at CF Industries’ manufacturing facilities, which is in turn driven by market demand for CF
Industries’ products. Year-on-year changes are also influenced by planned maintenance or other interruptions to production as well as the mix of products sold (a
greater proportion of urea produced and sold causes a reduction in scope 1 and a corresponding increase in scope 3 emissions).
CF INDUSTRIES • ESG REPORT 2023 74FOOD SECURITY,
ESG AT ENERGY, EMISSIONS OUR WORKPLACE PRODUCT STEWARDSHIP, ETHICS & COALITIONS, PARTNERSHIPS REPORTING
MESSAGE FROM CEO ABOUT THIS REPORT OUR
Keyword: governance
BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
METRICS AND TARGETS B METRICS AND TARGETS C
SCOPE 3 GHG EMISSIONS TARGETS USED BY THE ORGANIZATION TO MANAGE CLIMATE-RELATED RISKS
Scope 3 Greenhouse Gas (GHG) Emissions: 45.7 Million Tonnes CO2e Greenhouse Gas (GHG) Emissions are calculated using methodologies consistent with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting
Standard. Our disclosures are also aligned with the recommendation of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) that
Discuss Scope 3 greenhouse gas (GHG) emissions and the related risks: organizations disclose “Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas emissions, and the related risks.” The Company has discl
Keyword: governance
by the farmer). See 2023 Proxy Statement, “Corporate Governance -- Board Oversight of Strategy and Risk Management -- Board Oversight of Risk Management”, pages 29-30.
CF Industries has also engaged with its energy suppliers to seek to understand and reduce upstream emissions associated with the supply of energy. To that end, CF
Industries has recently purchased 2.2 billion cubic feet of natural gas certified (by MiQ) to have 90% lower methane intensity during production than industry average.
As noted above, the acquisition of the Waggaman facility in 2023 represents inorganic growth for the company, and therefore the company scope 3 calculations have
been revised to include production from Waggaman since it was commissioned in 2016 (this includes the year 2020, our chosen baseline for our 2030 reduct
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
SASB Index
Topic Accounting Metric Category Unit of Measure Code Response/Reference
Topic Accounting Metric Category Unit of Measure Code Response/Reference
(1) Percentage of products that contain Globally Harmonized
Gross global Sc eo mp ie s s1 i oe nm s-is lis mio itn is n, g p re er gc ue ln at ta iog ne s c overed under Quantitative T Po en rn ce es n ( tt a) g C eO (%2- )e, RT-CH- 110a.1 GRI 305: Em 1)is Gs Hio Gn s E, m30 is5 s- i1 o: n D si rect (Scope Sy Cs at te em go o rf y C 1l aa nss di f 2ic Ha eti ao ln th a an nd d L Eab ne vil rin og n mof e C nh tae lm Hi ac za als rd ( oG uH sS ) Quantitative reP ve er nce un et , a Pg ee rc ( e% n) t ab gy e RT-CH-410b.1 1) 29% (2) 100 h% az o af r dp r ao sd
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
GRI General Disclosures
1 FOUNDATION 2-2 2 ACTIVITIES AND WORKERS The vast majority of the supply base is located in North America and Western
ENTITIES INCLUDED IN THE ORGANIZATION’S SUSTAINABILITY Europe. The extended supply chain is exponentially greater than the number of
REPORTING IN ACCORDANCE WITH THE GRI STANDARDS REPORTING 2-6 suppliers CF utilizes. The spend varies from year-to-year but generally is in the
ACTIVITIES, VALUE CHAIN AND OTHER BUSINESS RELATIONSHIPS range of more than $1 billion per year. In addition, the Procurement and Material
This report has been prepared in accordance with GRI Standards: Comprehensive Previously GRI 102-45. Control team manages warehouses and the corresponding inventory
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
2-8 2 GOVERNANCE 2-12
WORKERS WHO ARE NOT EMPLOYEES ROLE OF THE HIGHEST GOVERNANCE BODY IN OVERSEEING THE
2-7 2-9 MANAGEMENT OF IMPACTS
A. Embedded Contractors (managed by CF Industries) GOVERNANCE STRUCTURE AND COMPOSITION
EMPLOYEES
• Courtright: 22 Previously GRI 102-21, 102-26, 102-29, 102-30.
Previously GRI 102-18, 102-22.
Previously GRI 102-7, 102-8. • Medicine Hat: 49
Full-Time Part Time Temporary Setting Purpose, Values, and Strategy
2023 Employees2 Employees Employees3 Total • Distribution Facilities (DF): 69 Governance Structure See 2024 Proxy Statement, pages 2, 3-4, 29-33;
Gender1 Male Female Male Female Male Female Male Female • Verdigris: 70 2024 Proxy Statement, pages 15-19 and 27-40
• Woodward: 43
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U.S. 1749 328 0 3 — — 1749 331 See CF’s Corporate Governance Guidelines Overseeing Due Diligence and Process to Identify and Manage Economic,
• Donaldsonville: 581 Environmental, and Social Impacts
Canada 338 69 0 — — 1 338 70 • Port Neal: 50 See 2024 Proxy Statement, “Corporate Governance – Board Oversight of
https://s1.q4cdn.com/264428898/files/doc_downloads/governance/2022/12/
Strategy and Risk Management,” pages 30-31; “Corporate Governance – Our
UK 168 25 1 1 1 — 170 26 • Yazoo City: 49 CF-Industries-Corporate-Governance-Guidelines.pdf
Approach to Human Capital Management,” pages 32-33, “Corporate Governance
Total 2255 422 1 4 1 1 2257 427 • UK:47 – Sustainability at CF Industries,” pages 34-36 and “Corporate Governance –
• Corporate: 76 Composition Corporate Responsibility,” pages 36-37
See 20
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Employees2 Employees Employees3 Membership”, page 17; “Corporate Governance – Director Independence,” page We believe that building positive relationships with our shareholders is critical
Gender1 Male Female Male Female Male Female Male Female *Each site provided the number of contractors whose work is controlled by a CF manager/supervisor. 27; “Corporate Governance – Leadership of the Board,” page 27-28; “Corporate to CF Industries’ success. We value the views of, and regularly communicate
Governance – Committees of the Board,” pages 28-30. with, our shareholders on a variety of topics, such as our financial performance,
U.S. 1709 306 0 3 — — 1709 309
i. Most common non-employee worker are contractors who have contracted environmental, social, and governance initiatives, executive compensation,
Canada 342 68 0 —
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Total 2249 398 1 6 2 1 2252 405 NOMINATION AND SELECTION OF THE HIGHEST GOVERNANCE BODY with shareholders as appropriate. Requests for such a meeting are considered
B. Data represents headcount as of 12/31/2023.
Previously GRI 102-24. on a case-by-case basis. Our engagement activities have resulted in valuable
Data includes regular and temporary employee types. C. CF Industries has significant swings in the number of contractors across feedback that has contributed to our decision-making with respect to these
1 Gender as specified by the employees themselves. our network throughout the reporting period dependent on our manufacturing matters.
See 2024 Proxy Statement, “Proposal 1: Election of Directors – Director
2 This is synonymous with number of permanent employees. maintenance. Nominees,” page 15; “Proposal 1: Electio
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2-11 as our environmental, social, and governance activities and initiatives. The
Complex.
CHAIR OF THE HIGHEST GOVERNANCE BODY fall engagement also presents an opportunity to discuss with shareholders
developments in their methodologies and analyses and potential future areas of
Tenure Unit 2023 2022 2021 Previously GRI 102-23. focus.
0-5 years Employees 1,110 1,108 1,189 The Board has determined that the most effective leadership structure is to
In both the spring of 2023 leading up to our 2023 annual meeting and
maintain an independent Board chair role separate from the chief executive
6-10 years Employees 727 756 866 during the fall of 2023 following our 2023 annual meeting, we contacted
officer.
shareholders comprising approximately 75% of our outstanding shares to
11-20 years Employ
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See 2024 Proxy Statement, “Corporate Governance – Leadership of the Board”,
21+ years Employees 303 324 426 pages 27-28. See also 2-15 Conflicts of Interest. representing approximately 40% of our outstanding shares, discussing with
these shareholders the ballot items and voting outcomes from our 2023 annual
meeting as well as general governance, compensation, corporate responsibility
and sustainability matters.
See 2024 Proxy Statement, page 10 and 37-38.
CF INDUSTRIES • ESG REPORT 2023 78FOOD SECURITY,
ESG AT ENERGY, EMISSIONS OUR WORKPLACE PRODUCT STEWARDSHIP, ETHICS & COALITIONS, PARTNERSHIPS REPORTING
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Our four distinct ESG dimension
Keyword: governance
communities where we operate. We identify relevant stakeholders as those See 2024 Proxy Statement, “Corporate Governance — Committees of the ideas and lessons learned and to review incident/near-miss data trends to See 2024 Proxy Statement, “Corporate Governance – Communications with
individuals and/or groups that our people, facilities, and products impact Board”, pages 28-30. See also 2024 Proxy Statement, “Corporate Governance -- identify improvement opportunities. We also benchmark externally via various Directors,” page 38 and “Corporate Governance – Shareholder Engagement,”
significantly. Examples of stakeholder engagement include: Board Oversight of Strategy and Risk Management,” pages 30-31. professional associations and engage external stakeholders at certain locations page 37. CF treats the nature and total number of critical concerns as
to evaluate our workplace safety and health culture. confidential information.
• Investor calls/conferences
The Board’s Environmental Sustainability and
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• Membership in industry groups and coalitions public advocacy, community engagement, and charitable contributions (“ESC EHS programs are also supported by a team of auditors who conduct audits and COLLECTIVE KNOWLEDGE OF THE HIGHEST GOVERNANCE BODY
Committee Matters”). The Environmental Sustainability and Community facilitate best practices across all CF operations.
• Participation in industry events/conferences Committee’s responsibilities include considering, reviewing and monitoring the Previously GRI 102-27.
• Partnerships with NGOs company’s general strategy and objectives relating to ESC Committee Matters;
• Engagement with government officials assessing the effectiveness of and advising the Board on the company’s See 2024 Proxy Statement, “Proposal 1: Election of Directors – Criteria for Board
programs and initiatives related to ESC Committee Matters; reviewing and Membership,” pages 17-18, “Proposal 1: Election of Directors – Summary of
• Employee surveys and town hall m
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discussing current and emerging trends with respect to ESC Committee Director Core Competencies,” page 19 and “Corporate Governance — Beyond
ROLE OF THE HIGHEST GOVERNANCE BODY IN SUSTAINABILITY
Matters; and discussing and reviewing with management the company’s the Boardroom,” pages 33-34.
REPORTING
We undertake ongoing reviews of our stakeholder engagement. To support part identification, assessment and management of risks associated with ESC
of our strategy to leverage our unique capabilities to accelerate the world’s Committee Matters. The Environmental Sustainability and Community Previously GRI 102-32.
transition to clean energy, we have expanded the group of stakeholders with Committee also reviews the goals established from time to time with
which we engage on environment, clean energy and sustainability issues. This respect to ESC Committee Matters, assesses t
Keyword: governance
includes joining the Hydrogen Council in 2021 and the World Business Council performance and progress towards its goals and strategic objectives, discusses provide input. Our ESG and sustainability reports are presented annually to the EVALUATION OF THE PERFORMANCE OF THE HIGHEST GOVERNANCE
for Sustainable Development (WBCSD) and the Climate Leadership Council in reports and rankings published by relevant third parties with respect to the Environmental Sustainability and Community Committee for review. BODY
early 2022. company’s profile, programs and initiatives related to ESC Committee Matters,
and oversees the company’s external reporting on ESC Committee Matters, Previously GRI 102-28.
See 2023 ESG Report, “ESG at CF Industries”, pages 17-21 and “Ethics and including the ESG report and the sustainability report. The committee met five
Governance”, pages 63-64. times in 2023. See 2024 Proxy Statement, “Corporate Governance – Leadership of the Board
2-15
– Annual Board and Committee Self-Evaluations and Director Peer Evaluat
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Proxy Statement, “Corporate Governance -- Our Approach to Human Capital
See 2023 ESG Report, “Message from the CEO”, pages 2-5 and “Energy, Management,” pages 32-33. The Board has made an affirmative determination that all of our non-employee
Emissions and Climate Change,” page 23. directors who served in 2022 or are currently serving as directors and all 2-19
See 2023 ESG Report, Management of ESG Issues at CF Industries, page of our non-employee director nominees have no material relationship with REMUNERATION POLICIES
Our Board has an integral role in the oversight of our corporate sustainability 17, Board Oversight of ESG Performance, Strategy and Goals, page 63, and CF Industries or any of its (other than, as applicable, being a director and
program. They engage with our s
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reporting, and the Company’s active involvement in the communities in which injury rates, near miss and hazard identification reports, and safety leadership See 2024 Proxy Statement, “Corporate Governance – Director Independence,”
it operates. This committee meets five times per year. Our Compensation activities. Every two weeks, leaders of our locations meet specifically to discuss page 27 and “Policy Regarding Related Person Transactions,” pages 43-44
and Management Development Committee oversees our ID&E and employee EHS performance, challenges, and issues on a conference call. Local teams
well-being initiatives. See also 2023 ESG Report, “Ethics and Governance - regularly share suggestions and approaches to improve safety on these calls. See also CF’s Code of Corporate Conduct, pages 12-15
Governance - Board Oversight of ESG Performance, Strategy and Goals”, page When an EHS incident occurs, we investigate root causes and define a new
6
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
2-20 2 STRATEGY, POLICIES, AND PRACTICES 2-24
PROCESS TO DETERMINE REMUNERATION EMBEDDING POLICY COMMITMENTS 2-27
2-22 COMPLIANCE WITH LAWS AND REGULATIONS
Previously GRI 102-36, 102-37. STATEMENT ON SUSTAINABLE DEVELOPMENT STRATEGY See ESG Report, “Ethics and Compliance,” pages 59-60 and “Supply Chain
Management,” page 62 SASB Topic: Management of the Legal and Regulatory Environment, Code: RT-
For directors, see 2024 Proxy Statement, “Corporate Governance – Director Previously GRI 102-14. CH-530a.1
Compensation,” pages 39-40.
See 2023 ESG Report, pages 2-5 Environmental Compliance
For named executive officers, see 2024 Proxy Statement, “Compensation 2-25 Our comprehensive EHS policy and strategy ensure that emp
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100. Corporate Governance and regulations in the social and economic area that has been identified as
https://www.cfindustries.com/sustainability/governance potentially material to investors through our Form 10-K and 10-Qs.
CF INDUSTRIES • ESG REPORT 2023 80FOOD SECURITY,
ESG AT ENERGY, EMISSIONS OUR WORKPLACE PRODUCT STEWARDSHIP, ETHICS & COALITIONS, PARTNERSHIPS REPORTING
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
2-28 2 STAKEHOLDER ENGAGEMENT 2-30 3 DISCLOSURES ON MATERIAL TOPICS
MEMBERSHIP ASSOCIATIONS COLLECTIVE BARGAINING AGREEMENTS
2-29 3-1
4R Plus APPROACH TO STAKEHOLDER ENGAGEMENT Previously GRI 102-41. PROCESS TO DETERMINE MATERIAL TOPICS
U.K. Agr
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Fuel Cell and Hydrogen Energy Association risks, environmental, social and governance (ESG) matters, clean energy
strategy
Global Compact Network USA, Inc.
Farmers: Farm profitability, crop yield, soil quality and health, conservation,
Hydrogen Council
low-emissions fertilizer production, commodity market trends
Hydrogen Forward
Employees: Operational safety, business stability, compensation and
Industrial Energy Consumers of America
benefits, professional training, clean energy strategy
Institute of Chemical Engineers
Customers: Product quality, product distribution, logistics capabilities,
International Audit Practice Consortium business stability, clean energy strategy
International Fertilizer Association Community Members: Business stability, job creation, community safety,
Maersk McKinney Moller Center for Zero Carbon
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Topic-specific Standards
Economic
201 ECONOMIC PERFORMANCE 201-4 202 MARKET PRESENCE 202-1
FINANCIAL ASSISTANCE RECEIVED FROM GOVERNMENT RATIOS OF STANDARD ENTRY LEVEL WAGE BY GENDER COMPARED TO
3-3 3-3 LOCAL MINIMUM WAGE
MANAGEMENT APPROACH CF Industries complies with tax law and practice in all of the territories in which MANAGEMENT APPROACH
we operate. Compliance means paying the right amount of tax, in the right place,
S paA gS eB
s
T 2o 2p -ic 2:
3
Community Relations, Code: RT-CH-210a.1 See 2023 Form 10-K, a tht eth te
ax
r i ag uh tt
h
t oim rite ie, a sn ad
n
i dn v co lalv imes
in
d gi s rc el lo ies fi sn g
a
na dll ir ne cle ev na tn ivt
e
f sa c wt hs ea rn ed
a
c vi ar ic lau bm les
.
t ances to M lo
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
203 INDIRECT ECONOMIC IMPACTS 204 PROCUREMENT PRACTICES 204-1 205 ANTI-CORRUPTION
PROPORTION OF SPENDING ON LOCAL SUPPLIERS
3-3 3-3 3-3
MANAGEMENT APPROACH MANAGEMENT APPROACH Proportion of spending on local suppliers MANAGEMENT APPROACH
See GRI Disclosure 202 – Market Presence – Management Approach We ask all suppliers to abide by CF’s Third-Party Code of Conduct as part of the CF promotes a high-integrity culture that guides our day-to-day work and
Percentage of the procurement budget used for significant locations of
contractual agreements. Prescreening of our suppliers is critical to maintaining applies to every aspect of our operations, from putting safety first to conducting
operation spent on suppliers loc
Keyword: governance
Engagement,” pages 45-47, and 2024 Proxy Statement, “Corporate Governance Local Supplier Spending (USD) AND PROCEDURES
— Corporate Responsibility — Charitable Activities and Charitable Contributions Sites
All CF employees participate in annual code of conduct and anti-corruption
Report,” pages 36-37. Local Spend Total Spend % Local Spend
training. See Anti-corruption Compliance Policy
Courtright 22,567,803 57,899,243 39%
See CF’s Code of Corporate Conduct, pages 22-23
Northbrook 102,825,208 252,570,049 41%
203-2
SIGNIFICANT INDIRECT ECONOMIC IMPACTS Donaldsonville 419,604,141 565,959,299 74%
See 2023 ESG Report, “Our Workplaces & Communities,” pages 34-47 and “Food Medicine Hat 23,824,811 94,021,690 25% 205-3
Security, Product Stewardship, Nature and Biodiversity,” pages 48-57. See also CONFIRMED INCIDENTS OF CO
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
206 ANTI-COMPETITIVE BEHAVIOR 207 TAX 207-4
COUNTRY-BY-COUNTRY REPORTING
3-3 3-3
MANAGEMENT APPROACH MANAGEMENT APPROACH This information is not released due to confidentiality constraints.
See GRI Disclosure 205 – Anti-Corruption – Management Approach See 2023 Form 10-K, page 21
CF Industries complies with country-by-country reporting as required by the
Organization for Economic Cooperation and Development.
206-1 207-1
LEGAL ACTIONS FOR ANTI-COMPETITIVE BEHAVIOR, ANTI-TRUST AND APPROACH TO TAX
MONOPOLY PRACTICES
CF Industries operates principally in the United States, as well as in Canada and
There were no legal actions pending or completed during the reporting period the UK. We are committed to complying with a
Keyword: governance
TAX GOVERNANCE, CONTROL, AND RISK MANAGEMENT
We maintain internal controls and transparency with global tax authorities, and
we share information relevant to our business operations and tax profile. We
augment this transparency through country-by-country reporting, as required
under the Organization for Economic Co- operation and Development’s action
plan to address base erosion and profit shifting.
In addition, the tax function is reviewed as part of our internal controls audit and
by our external auditor, KPMG. Our income tax policy is overseen by our Vice
President of Tax, who reports to the Chief Financial Officer.
207-3
STAKEHOLDER ENGAGEMENT AND MANAGEMENT OF CONCERNS
RELATED TO TAX
CF Industries is committed to complying will all applicable laws a
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are undertaken and ensures that its tax governance is appropriate.
For more information on how income taxation impacts CF Industries, see 2023
Form 10-K, page 21.
The processes for collecting and considering the views and concerns
of stakeholders, including external stakeholders is not released due to
confidentiality constraints.
CF INDUSTRIES • ESG REPORT 2023 84FOOD SECURITY,
ESG AT ENERGY, EMISSIONS OUR WORKPLACE PRODUCT STEWARDSHIP, ETHICS & COALITIONS, PARTNERSHIPS REPORTING
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Environment
301 MATERIALS 302 ENERGY 302-2 302-5
ENERGY CONSUMPTION OUTSIDE THE ORGANIZATION REDUCTIONS IN ENERGY REQUIREMENTS OF PRODUCTS AND
3-3 3-3 SERVICES
MA
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
303 WATER AND EFFLUENTS • IFA Biodiversity Taskforce. In 2023, CF continued to participate in the 303-2 303-4
International Fertilizer Association’s (IFA) Biodiversity Taskforce. This team MANAGEMENT OF WATER DISCHARGE-RELATED IMPACTS WATER DISCHARGE
3-3 brings together industry members across the globe to discuss where the
MANAGEMENT APPROACH fertilizer industry has the greatest impact on biodiversity and how we can Water discharges from CF facilities are monitored in accordance with the The total water discharges by CF during the reporting period are summarized in
take significant action toward preserving and/or restoring biodiversity. applicable regulatory standards and permits. See GRI 303 Management the tabl
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
304 BIODIVERSITY
IUCN RED LIST OF SPECIES POSSIBLY IN THE VICINITY OF OPERATIONS IUCN RED LIST OF SPECIES POSSIBLY IN THE VICINITY OF OPERATIONS
CF Location Type of Site Site Name
(CF U.S. FACILITIES, 2023) (CANADA AND UK, 2023)
3-3
MANAGEMENT APPROACH Billingham, UK Key Biodiversity Area Teesmouth and Cleveland Coast
IUCN RED LIST DESIGNATION NUMBER OF SPECIES IUCN RED LIST DESIGNATION NUMBER OF SPECIES
Teesmouth and Cleveland Coast
Responsible stewardship of areas with high biodiversity is consistent with the Courtright, ON Protected Area Saltholme Donaldsonville Nitrogen Complex, Donaldsonville, LA Courtright Nitrogen Complex, Courtright, Ontario, Canada
principles of our environmental, health and safety manag
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
305 EMISSIONS 305-2 305-5 305-7
ENERGY INDIRECT (SCOPE 2) GHG EMISSIONS REDUCTION OF GHG EMISSIONS NITROGEN OXIDES (NOX), SULFUR OXIDES (SOX) AND OTHER
3-3 SIGNIFICANT AIR EMISSIONS
MANAGEMENT APPROACH SASB Topic: Greenhouse Gas Emissions, Code: RT-CH-110a.1
Metric Units 2023 2022 2021 SASB Topic: Air Quality, Code: RT-CH-120a.1
CF operates large volume production processes for nitrogen based fertilizer
products and related industrial chemicals. As such, CF seeks to operate CO2e Scope 2 Metric Denominator Units 2023 2022 2021
Tonnes 707,000 711,000 694,000 Ammonia is a hazardous air pollutant (HAP) significant to our operations, which
efficiently and to minimize emissions, consistent with its ‘Do it right’ philos
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
306 WASTE Finally, almost all products are sold in bulk, loaded directly into tanker trucks, 308 SUPPLIER ENVIRONMENTAL ASSESSMENT
rail cars, and barges, and therefore require no packaging. In the UK, sold fertilizer
3-3 products are typically supplied in intermediate bulk containers (IBC ‘big bags’), 3-3
MANAGEMENT APPROACH and these are now manufactured with 30% recycled plastic). Overall, our sites MANAGEMENT APPROACH
generate small quantities of wastes relative to their production (production
CF does not consider this to be a material topic for our operations or products. We ask all suppliers to abide by CF’s Third Party Code of Conduct as part of the
volumes are more than 500 times greater than waste materia
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
SOCIAL
401 EMPLOYMENT 401-1 401-2
Regular
NEW EMPLOYEE HIRES AND EMPLOYEE TURNOVER BENEFITS PROVIDED TO FULL-TIME EMPLOYEES Type of Benefit (UK) Apprentices
3-3 Workforce
MANAGEMENT APPROACH In the United States and Canada, CF provides competitive compensation and
WORKFORCE BY AGE AND GENDER (ALL LOCATIONS): Private Medical Insurance O X
bonus opportunities for jobs in all disciplines at our sites based on company and
In our interactions with each other, we cultivate respect, openness, and trust. Under 30 30-50 Over 50 Total individual performance. Benefits are not restricted to those who work full-time Life Insurance X X
We foster a working environment in which employees have a voice, feel valued, only, some are
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
401-3 402 LABOR/MANAGEMENT RELATIONS 403 OCCUPATIONAL HEALTH AND SAFETY 403-1
PARENTAL LEAVE OCCUPATIONAL HEALTH AND SAFETY MANAGEMENT SYSTEM
3-3 3-3
In the U.S., UK, and Canada, CF offers a Parental Leave program for all employees. MANAGEMENT APPROACH MANAGEMENT APPROACH CF Industries has established a robust Environmental, Health, Safety, and
Security (EHS) Management System that sets the framework for the Health &
We recognize and respect employee rights to join any lawful organization of CF Industries is advancing a culture of Environmental, Health, Safety, and Safety activities, establishes minimum company Health & Safety requirements,
Metric U.S. UK Canada their own choosing. We are committed to complying w
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
403-2 Policy or process for workers and contractors to remove themselves from In 2023, our Occupational Health provider partnerships supported all employees were focused on how CF “Walks the W.A.L.K. for Safety” by highlight Walking is
HAZARD IDENTIFICATION, RISK ASSESSMENT AND INCIDENT unsafe situations: in our Start Right focus. To Do It Right, our employees and contractors need to working, Avoiding the line of fire, Leadership engagement walks, and having a
INVESTIGATION Start Right by addressing mental and physical fitness for duty in the moment. Keen eye for slip, trip, and fall hazards.
The policy and process for reporting unsafe conditions or situations and Start Right focuses on daily practices such as st
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
The 2023 Wilson Award Winner: Courtright Complex: Keep Plugging Away 403-6 403-8 403-10
– Drain Clearing Done Right. Maintaining process piping requires carefully PROMOTION OF WORKER HEALTH WORKERS COVERED BY AN OCCUPATIONAL HEALTH AND SAFETY WORK-RELATED ILL HEALTH
depressurizing and draining equipment. Bleed valves are used to release MANAGEMENT SYSTEM
remaining pressure and drain materials from piping. But occasionally clogs can We offer high-quality, affordable healthcare benefits, including medical, dental, For work-related hazards that pose a risk of ill health, see GRI Disclosure 403-3
prevent proper drainage. That is why CF Courtright identified a way to clear drain and vision coverage, to ensure you and
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
404 TRAINING AND EDUCATION 404-1 We also provide support and training for employees whose employment
AVERAGE HOURS OF TRAINING PER YEAR PER EMPLOYEE is terminated due to a reduction in force or job elimination. We offer
3-3 outplacement support via a third-party organization including job search
MANAGEMENT APPROACH planning, resume development, custom career coaching and recruiter outreach.
Region Units 2023 2022 2021 In the U.S. and Canada, CF Industries provides retiring employees access to
Building and strengthening the skill and capabilities of our employees is as
financial calculators, planning tools and articles via our third-party vendors. This
important as making capital improvements to our plants. That i
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
405 DIVERSITY AND EQUAL OPPORTUNITY Anti-Discrimination Policy: We work together to make sure our workplace is a Employee Diversity 406 NON-DISCRIMINATION
respectful, inclusive, and productive one. This means that our organization will
3-3 never unlawfully discriminate against any person on any basis in our operations. Workforce by Age and Gender (All Locations): 3-3
MANAGEMENT APPROACH This also means, in part, that we never make unlawful employment-related MANAGEMENT APPROACH
decisions based on any legally protected status or characteristic, including but Age Under 30 30-50 Over 50 Totals
Our long-term success depends on our people. We are dedicated to creating See GRI Disclosure 405 – Diversity and Equal Oppor
Keyword: governance
DIVERSITY OF GOVERNANCE BODIES AND EMPLOYEES
diversity of our company and culture, our comprehensive ESG goals announced typically sets the actual salary above this minimum.
in 2020 include targets to increase the representation of females and persons Board Diversity
of color in senior leadership roles and to implement a program designed to
In the UK, we make sure our employment decisions, including compensation and
increase the hiring and promotion of minority and female candidates.
Board of Directors by Age and Gender (All Locations): progression, are based on skills, competency and job-related business criteria.
Opportunities to progress careers are available to all employees and we work on
In addition, to increase our ID&E transparency, in 2022 we published o
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
407 FREEDOM OF ASSOCIATION AND COLLECTIVE 408 CHILD LABOR 409 FORCED OR COMPULSORY LABOR 410 SECURITY PRACTICES
BARGAINING
3-3 3-3 3-3
MANAGEMENT APPROACH MANAGEMENT APPROACH MANAGEMENT APPROACH
3-3
MANAGEMENT APPROACH CF is committed to the protection and advancement of human rights in See GRI Disclosure 408 – Child Labor – Management Approach Our approach to security starts with detailed risk assessments of our operations
its global operations. Our views are informed by the working standards and and supply chain. We implement programs to manage these risks and have
We recognize and respect employee rights to join or not join any lawful
human rights concepts advanced by other groups, such as the United Nations’
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
411 RIGHTS OF INDIGENOUS PEOPLE 412 HUMAN RIGHTS ASSESSMENT 413 LOCAL COMMUNITIES 414 SUPPLIER SOCIAL ASSESSMENT
3-3 3-3 3-3 3-3
MANAGEMENT APPROACH MANAGEMENT APPROACH MANAGEMENT APPROACH MANAGEMENT APPROACH
See GRI Disclosure 408 – Child Labor – Management Approach See GRI Disclosure 408 – Child Labor – Management Approach See GRI Disclosure 202 - Market Presence - Management Approach See GRI Disclosure 204 – Procurement Practices – Management Approach
411-1 412-1 413-1 414-1
INCIDENTS OF VIOLATIONS INVOLVING RIGHTS OF INDIGENOUS OPERATIONS THAT HAVE BEEN SUBJECT TO HUMAN RIGHTS REVIEWS OPERATIONS WITH LOCAL COMMUNITY ENGAGEMENT, IMPACT NEW SUPPLIERS THAT WERE SCREENED USING SOCIAL CRITERIA
PEOPLES OR IMPACT AS
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
415 PUBLIC POLICY 416 CUSTOMER HEALTH AND SAFETY 417 MARKETING AND LABELING 418 CUSTOMER PRIVACY
3-3 3-3 3-3 3-3
MANAGEMENT APPROACH MANAGEMENT APPROACH MANAGEMENT APPROACH MANAGEMENT APPROACH
As a company focused on providing clean energy to feed and fuel the world SASB Topic: Safety & Environmental Stewardship of Chemicals, Code: RT-CH- With regard to product information and labeling, we supply safety data sheets In our commitment to Environmental, Social, and Governance (ESG) principles,
sustainably, CF believes part of its corporate responsibility is to be engaged on 410b.2 for all our fertilizer and process chemical products. safeguarding customer privacy remains a paramount priority. We recognize that
publi
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Reconciliation of Non-GAAAP Financial Measures Non-GAAP: reconciliation of net earnings to EBITDA and adjusted EBITDA
2023 2022
The Company reports its financial results in Adjusted EBITDA is defined as EBITDA adjusted
in millions
accordance with U.S. generally accepted accounting with the selected items as summarized in the
Net Earnings $ 1,838 $ 3,937
principles (GAAP). Management believes that table below. The Company has presented adjusted
Less: Net earnings attributable to noncontrolling interest (313) (591)
EBITDA, adjusted EBITDA, and free cash flow, which EBITDA because management uses adjusted
are non-GAAP financial measures, provide additional EBITDA, and believes it is useful to investors, as a Net ear
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Forward-Looking Statements
All statements in this CF Industries 2023: ESG More detailed information about factors that may
Report by CF Industries Holdings, Inc. (together affect the Company’s performance and could cause
with its subsidiaries, the “Company”), other than actual results to differ materially from those in any
those relating to historical facts, are forward-looking forward-looking statements may be found in CF
statements. Forward-looking statements are not Industries Holdings, Inc.’s filings with the Securities
guarantees of future performance and are subject to and Exchange Commission, including CF Industries
a number of assumptions, risks, and uncertainties, Holdings, Inc.’s most recent annual and
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
UN Sustainable Development Goals (SDGs)
End poverty in all its forms everywhere Achieve gender equality and empower all women and girls
CF Industries’ products play a direct role in ending poverty, which is closely tied to food CF Industries supports gender equality for women and girls and maintaining a diversity
insecurity. Our products generate increased yields, which increases availability of food of thought and opinion as part of our strategic roadmap. We have exceeded our goal to
around the world. increase representation of females in senior leadership roles by 2025, and we continue to
implement programs that create additional pathways to long-term professional growth
End hunger, achieve food security and im
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Build resilient infrastructure, promote inclusive and sustainable industrialization and Conserve and sustainably use the oceans, seas, and marine resources for sustainable
foster innovation development
Fostering sustainable development aligns with our opportunity and desire to transition our CF Industries has an inherent responsibility to help mitigate any negative impact from the
network of assets to clean energy production. We believe we can play a meaningful role in downstream effects of our products. Specifically, we are working to ensure the proper use of
decarbonizing the world’s energy sector. our products in agricultural production, which can help limit nutrient runoff into water bodies.
Reduce inequality
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
UN Sustainable Development Goals (SDGs)
1. GHG Emissions are defined and calculated according to methodologies consistent with the Greenhouse Gas 8. Training & Development incorporates management of programs delivered to our employees to educate
Protocol (GHGP). The Company discloses Scope 1, Scope 2, and Scope 3 emissions, including measuring Scope them on the Company’s Code of Conduct; corporate policies; environment, health, safety, and security; inclu-
1 emissions as direct emissions from sources that are owned or operated by CF Industries, and Scope 2 emis- sion, diversity, and equity; information technology and data security; and professional development. We track
sions based on the average emissions intens
Keyword: governance
all governance structure.
our facilities. We maintain “best practice” teams for different operational areas and perform quantitative and
qualitative risk analysis to ensure adequate control of process risks. We also implement robust emergency 16. Management of Legal & Regulatory Environment pertains to our corporate policymaking partnerships and
management practices to protect our business and people from disruption related to process releases or positions on government regulations and/ or policy proposals that address environmental or social factors
events, storm activity, political unrest, cyber threats, pandemics, and other emergencies. We provide extensive affecting our business and key stakeholders.
training for our responders and conduct regular sc
Keyword: governance
environmental, social, and governance (ESG) areas.
For additional information on CF Industries’ ESG program and performance, please visit www.cfindustries.com/sustainability. Further, for details on the Company’s financial
performance or commitment to inclusion, diversity and equity (ID&E), please see our 2022 ID&E Report here. The 2023 ID&E Report will be available Q2 of 2024.
CF INDUSTRIES | 2023 SUSTAINABILITY REPORT 3A Conversation What is CF Industries’ approach to sustainability?
with CF
Our approach to sustainability is grounded in our Do It Right culture. We do the right things
for the right reasons. Today, this takes shape through our efforts to decarbonize our ammonia
Industries production process while also addressing other issues important to CF Industries and its
Keyword: bribe
sanction policies and our anti-corruption and anti-bribery policies
How to use GenAI responsibly and in accordance with CME Group policies
See our 2022 ESG Report for highlights on our various compliance policies that support our 
Code of Conduct.
Message From  
Our Chairman  
& Chief Executive  
Officer
About CME Group
Workforce 
Empowerment
Sustainable 
Solutions
Community 
Commitment
Corporate 
Stewardship
Appendix
C O R P O R A T E  S T E W A R D S H I P          
37
Data Privacy and Security
The secure storage and transmission of our employees’ and clients’ data and the ability to continuously transact on our electronic trading platform are critical elements 
of our business and operational resiliency. Led by our Chief Information Security Officer (CISO), our GIS Program is dedicated to mitig
Keyword: corruption
sanction policies and our anti-corruption and anti-bribery policies
How to use GenAI responsibly and in accordance with CME Group policies
See our 2022 ESG Report for highlights on our various compliance policies that support our 
Code of Conduct.
Message From  
Our Chairman  
& Chief Executive  
Officer
About CME Group
Workforce 
Empowerment
Sustainable 
Solutions
Community 
Commitment
Corporate 
Stewardship
Appendix
C O R P O R A T E  S T E W A R D S H I P          
37
Data Privacy and Security
The secure storage and transmission of our employees’ and clients’ data and the ability to continuously transact on our electronic trading platform are critical elements 
of our business and operational resiliency. Led by our Chief Information Security Officer (CISO), our GIS Program is d
Keyword: governance
Governance
Risk Management
Business Ethics and 
Integrity
Data Privacy and 
Security
Public Policy and 
Partnership
39
APPENDIX 
SASB Index
GHG Emissions 
Summary
Message From  
Our Chairman  
& Chief Executive  
Officer
About CME Group
Workforce 
Empowerment
Sustainable 
Solutions
Community 
Commitment
Corporate 
Stewardship
Appendix
03
M E S S A G E  F R O M  O U R  C H A I R M A N  &  C H I E F  E X E C U T I V E  O F F I C E R         
As the world’s leading derivatives marketplace, CME Group plays a significant role in 
the global economy. In fact, 2023 marked the strongest year in our history. Our high 
standing means we have an important responsibility to support our clients, employees and 
communities around the world.
It is through this lens
Keyword: governance
Our annual Environmental, Social and Governance (ESG) report details the oversight and execution of our 
strategic framework that guides and tracks how we empower our workforce, develop sustainable solutions, 
give back to our communities and govern our business. Importantly, this framework is designed to support  
our growth strategy by enabling us to be more adaptive to the ever-evolving business environment in which  
we operate. We are mindful of our stakeholders' priorities2 and remain resolute in our commitment to engaging 
with them to better understand their diverse needs so that we may adapt our approach accordingly. 
Our strategy is focused on four key pillars:
2 For our most recent materiality assessment, see our 2022 ESG Report.
Workforce 
Empowerment
Corporate 
Stewardship
Keyword: governance
Compliance/Governance
CARRIE DI SANTO  
MEG WRIGHT
Chairman & Chief Executive Officer
TERRY DUFFY
Co-Leads
ANITA LISKEY, Senior Managing Director, Global Brand Marketing and Communications  
JONATHAN MARCUS, Senior Managing Director, General Counsel 
WORKFORCE EMPOWERMENT
CME Group employees embody the essence of our 
company’s commitment to excellence and innovation, 
and they are the driving force behind our success. We 
invest in our employees by fostering a workplace that 
not only nurtures their professional development, but 
also provides opportunities to advance within their 
roles and careers. 
07
Message From Our Chairman & Chief Executive Officer     |     About CME Group     |     Workforce Empowerment     |     Sustainable Solutions     |     Commun
Keyword: governance
Our strong governance practices and culture of 
compliance, ethics and accountability drive how we 
conduct business and serve our clients every day. 
Guided by five key values and aligned with industry 
best practices, we have established deep-rooted 
trust with our clients, employees and shareholders 
over the years. 
30
Message From Our Chairman & Chief Executive Officer     |     About CME Group     |     Workforce Empowerment     |     Sustainable Solutions     |     Community Commitment     |     Corporate Stewardship     |     Appendix     | 
IN THIS SECTION
›  Corporate Governance
›  Risk Management
›  Business Ethics and Integrity
›  Data Privacy and Security
›  Public Policy and Partnership
2023 Highlights
OUR VALUES
100%
OF OUR BOARD 
MEMBERS  
have