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
FOOD SECURITY, PRODUCT STEWARDSHIP, NATURE & BIODIVERSITY ETHICS AND GOVERNANCE
Goal Goal Status Goal Goal Status
Receive the IFA Protect & Sustain certification (or equivalent environmental/ Engage suppliers and service providers that annually represent 50% of the
product stewardship certification) for 100% of our manufacturing sites by In Progress Company’s total procurement and supply chain expenditures and assess In Progress
2030. their ESG performance and commitment.
Expand partnerships to achieve 60 million acres of farmland using Train and certify compliance with the Environmental, Health, Safety, and Achieved 2023;
In Progress
sustainable practices by 2030. Security Policy for all employees annually. Ongo
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Energy, Emissions
& Climate Change
UN SDGS
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 2222FOOD 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
Goal Goal Status
Reduce total Scope 1 CO2 - equivalent emissions by 25% per ton of product by 2030 (2015 baseline year). In Progress
CF Industries acknowledges the
Reduce Scope 3 emissions by 10% by 2030 (2020 baseline year). In Progress
critical importance of reducing GHG
emissions worldwide to address
climate change. As members of the Achiev
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
GHG Emissions across CF Industries’ Value Chain CF INDUSTRIES GHG EMISSIONS BY SCOPE AND INTENSITY5
We account for our GHG emissions in alignment with the GHG Protocol Corporate Standards. We use 2015 as SCOPE 1
SCOPE 1 SCOPE 2 SCOPE 3
our baseline year for our Scope 1 and 2 emissions reduction goals and 2020 as our baseline year for our Scope INTENSITY
(MILLION TONNES)6 (MILLION TONNES)8 (MILLION TONNES)9
3 emissions reduction goal. This year, we recalculated our Scope 1, 2, and 3 emissions to refine our inventory (TE CO / TE NH )7
2 3
with improved datasets and to include our recent facility acquisition in Waggaman, Louisiana. Details on
2021 17.2 1.92 0.69 53.4
drivers and components of our Scope 1, 2, and 3 e
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Our Decarbonization Approach
CF Industries takes a comprehensive approach to AT-A-GLANCE: DECARBONIZING CF INDUSTRIES’ AMMONIA PRODUCTION VALUE CHAIN
decarbonization, focusing across the entire ammonia
production value chain. We evaluate both where we
Landmark carbon capture and sequestration project at our
can have a direct impact on reducing emissions as
Donaldsonville Complex with ExxonMobil to permanently store 2
well as where we can partner with third parties to Process CO Emissions
2 million tons CO that would otherwise be emitted to the atmosphere
address emissions that occur outside of our facilities. 2
each year is in-flight and on track to start up in 2025.
The carbon intensity of CF Industries’ manufac
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Scope 1 GHG Emissions Reduction Initiatives
Carbon Capture and Sequestration
Since 2015, our improvements in Scope 1 carbon dioxide-equivalent emissions intensity have been driven largely
by efficiency and other upgrades within our existing network and the construction or acquisition of ammonia CF Industries believes that CCS provides outsized advantages in scale and timing for significantly reducing CO2
plants, which are among the most energy-efficient in the world. These added ammonia plants produce less emissions from our network. This is critically important given that CO2 emitted today remains in the atmosphere
CO2 per ton of ammonia but increase our absolute CO2 emissions. for 100 years.
Based on the in-pro
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
CCS FOR PROCESS CO2
CF INDUSTRIES CCS PARTNERSHIP WITH EXXONMOBIL AT OUR DONALDSONVILLE COMPLEX
Approximately 60% of the CO generated during
2
the ammonia production process in CF Industries’
network is called process CO and is the result of The Company signed an agreement
2
using natural gas as a feedstock. Today, each of our with ExxonMobil for the transport and
16 ammonia plants capture high-purity process permanent sequestration of 2 million
CO generated during ammonia production for tons of process CO annually from the
2 2
use in the urea production process. Process CO Donaldsonville Complex once facilities
2
that is not used to produce urea is emitted to the and storage are in place.
atmosphere.
Because CF
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
CCS FOR FLUE GAS CO EMISSIONS
2
Approximately 40% of CO2 generated during the ammonia production process is flue gas CO2. This is the Nitrous Oxide Abatement
combustion byproduct of the natural gas used as fuel for the heat reaction during the production of ammonia. Today, CF Industries has N2O abatement in place at approximately one-third of our nitric acid plants. We believe
The CO2 concentration in flue gas is low, requiring the separation of CO2 from other combustive gases to be that N2O abatement on our remaining nitric acid plants is an important pathway to substantially reduce our
prepared for transportation and sequestration. Today, there is no proven commercially feasible technology to Scope 1 emissions.
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Scope 2 GHG Emissions Reduction Initiatives
In 2023, our Scope 2 emissions accounted for approximately 1% of our total GHG emissions. Although a
marginal contributor to our overall GHG emissions, we have ongoing initiatives and intend to develop future
CF Industries headquarters building in
strategies to reduce our Scope 2 emissions.
Northbrook, Illinois, has been LEED Gold certified.
CF Industries’ core focus in reducing Scope 2 emissions is diversifying our energy portfolio mix through a
variety of renewable energy procurement strategies. In 2023, renewable and nuclear energy accounted for
42% of our total purchased power.12 We continue to explore opportunities to increase this percentage, such
as adding more r
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
INDIVIDUAL ACTIONS
The second largest contributor to our Scope 3 emissions is methane leakage within the natural gas supply
chain upstream of our facilities.
Beginning in 2023, we took certifiable and quantifiable action to address these emissions. We purchased
natural gas certified by MiQ, an independent not-for-profit established to facilitate a rapid reduction in
methane emissions from the oil and gas sector. Purchased certified natural gas has substantially lower
methane emissions at the wellhead than the industry average. It is produced by companies whose operations
are independently verified by a third-party auditor and provides a factual assessment of methane emissions
intensity – the ratio of methane emis
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Air Quality and Environmental Compliance
Emissions Reduction
CF Industries’ Environmental Compliance Strategy is designed to ensure that we are holding ourselves to
CRITERIA POLLUTANTS
the highest standard as an environmental steward and consistently maintaining regulatory compliance. As
We use natural gas as a feedstock in our operations, which reduces our carbon footprint and criteria pollutant
an organization, we are committed to managing and reducing our emissions, releases, and waste across our
emissions, such as NOx, as compared to coal feedstock commonly utilized in China. Furthermore, we opt for
operations.
natural gas in other process equipment, such as generators and boilers, instead of other higher-pol
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Nature & Biodiversity
TOXIC POLLUTANTS & RELEASES CF Industries is aware of the impact that our operations and products can have on natural resources, including
Our primary toxic air pollutant (TAP) is ammonia. As ammonia is our primary product, we are diligent in biodiversity, water resources, and land use. At CF Industries, our commitment to nature includes an evolving
managing, mitigating, and preventing releases. The Company employs a rigorous Risk Management Program, focus on biodiversity, soil health, and water. We are working to better understand the impacts of our operations
which is supported by our Business Continuity Program, the Crisis Management Plan, Incident Management on these environmental aspect
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Our Workplace
& Communities
UN SDGS
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 3333FOOD 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
Goal Goal Status
Our people and the communities in Beyond safety, we promote
Create additional pathways to long-term professional growth for
which we operate are at the heart of employees’ well-being with
traditionally underrepresented employee groups by the end of 2021 with the
our Do It Right culture. competitive salaries, comprehensive In Progress
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Workforce Health & Safety
Culture of Environmental, Health, and Safety Excellence
Workplace and workforce safety is embedded into our culture and We empower all employees to promote a culture of EHS excellence
values, and we prioritize developing creative, innovative processes where everyone is engaged, empowered, and innovative. We continually Do It Right!
to further improve our safe ways of working. All CF Industries’ team prioritize improving our processes, with many of our implemented
members focus on conducting our business in a safe manner, guided safety measures being developed by employees rather than directives
by our safety excellence culture. from management. The Company utilizes on-the-ground experien
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Oversight of Safety at CF Industries
EHS ORGANIZATIONAL CHART
In 2022, we implemented an EHS Dashboard to track EHS
Safety responsibility and oversight begins at the Board level. To ensure
metrics and conformance to EHS and operational standards.
our EHS program continues to receive the highest priority at the CF Board of Directors
Senior manufacturing leadership reviews the dashboards
Company, our Board has oversight and receives monthly reports on Detailed EHS review at every meeting
monthly to ensure EHS performance trends are understood
and regular monthly updates
EHS data. The Board also discusses EHS performance at each of its
and properly managed.
meetings as a standing agenda item. EHS senior management i
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Safety Training
To fully embody our Do It Right culture, employees and contractors
must know what ‘Right’ is. We ensure this by clearly and regularly
communicating our safety expectations and by providing a variety of
training programs. Employees are required to participate in regular
EHS training, including hazard recognition and response, emergency
response procedures, occupational employee health training, workplace
violence prevention, equipment safety, and safety leadership. Training
is assigned and provided regularly, and at least annually, to ensure
our employees are up to date on relevant safety topics. Training is also
mandated whenever key change occurs, such as a process or regulation
changes.
To suppl
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Focusing on Continuous Safety Improvements
CF Industries Pioneers Process Safety Week in 2023, Adopted by American
To assess our performance, identify risks, and facilitate best practices across our operations, we conduct a
Institute of Chemical Engineers (AIChE) for International Process Safety
suite of periodic and regular compliance-based and issue-specific audits. Our EHS Audit Team performs
regular internal audits and provides our EHS Councils with feedback to ensure that Company standards are Week in 2024
understood and functioning in alignment with identified best practices. In addition to internal audits, CF
With the support of our Inclusion Resource Group (IRG), CF Industries recently created Process
Ind
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Contractor Safety
2023 WILSON AWARD WINNER: COURTRIGHT
At CF Industries, we hold our contractors to the We also continue to conduct our Contractor Courtright wins third Wilson Award with drain value blockage innovation
same safety standards as our employees. As part Executive Engagement Program in connection
of our contractor screening process, we assess all with turnarounds. This program ensures that our Each year, CF Industries puts a spotlight
contractors to ensure they have adequate safety contractors’ leadership teams understand the on our collective commitment to safety
management systems in place that align with or high value we place on safety at CF Industries and excellence and the impact of our Do It
ex
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Inclusion, Diversity & Equity
We are committed to creating a culture where
all employees feel safe to respectfully voice Representation Education & Skills Development Belonging
their ideas and bring their full, authentic
selves to work. Through our Inclusion, Diversity
▶ Implemented an ID&E Dashboard to collect, ▶ Launched a new ID&E-focused ▶ Incorporated the following
and Equity (ID&E) initiatives, we prioritize
monitor, and analyze data related to promotions, mentorship program developed to diversity-focused events at
elevating diverse perspectives and creating an
talent pipelines, retention, and leadership retain diverse talent called Creating all sites: Women’s History
inclusive, equitable working environmen
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
GLOBAL GENDER US RACE AND ETHNICITY14
Our management of ID&E is both data-driven and based on industry best practices. Our ID&E management
team engages with trade associations to capture and implement industry best practices. We also implement
Female Male Person of Color Non-Person of Color
employee surveys and utilize dashboards for data collection to assess our program’s successes and identify
opportunities.
In 2023, to better understand employees’ sense of inclusion at CF Industries, we implemented a program of
employee lifecycle surveys aimed at our new hires, distributing surveys on the 7th, 30th, 45th, and 90th day
of work as well as upon an exit. Through employee life cycle surveys, we aim to understand ho
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Engaging Employees
We understand regular employee engagement is crucial to building a culture that prioritizes retaining and
attracting top talent, driving effective and safe business operations, and reducing risk. Regular engagement
activities include:
▶ Quarterly all-employee town hall meetings with questions submitted by employees and answered by our
Senior Leadership team
▶ Quarterly site visits and town hall meetings by Senior Leadership Team members
▶ Weekly newsletter distributed to all employees that business updates, safety items, and notable activities at
our sites, such as employee profiles, fundraising activities, and other milestones
▶ Monthly Human Resources newsletter to keep employees informed on
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Training and Development
CF Industries is focused on ensuring that all employees – from new hires to executives – have access to
LinkedIn Learning License Learning Engagement Highlights:
the tools and knowledge they need to grow their careers and reach their potential. Our commitment to
Activation Rate increased by 10%
growth and development includes on-the-job training, professional and technical development, leadership
in 2023 (from 41% in 2022 to 51% 5,605 Courses viewed
development, and tuition reimbursement programs.
in 2023).
982 Courses completed
We offer robust programming to aid in talent development and career growth at CF industries. Our
The most popular skills studied
programming is designed to reach
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Leadership Development
As employees advance in their careers and begin to manage others, we provide guidance to help new
managers provide coaching, set roadmaps for development, and hold team members accountable for
achieving expected results. We leverage our talent calibration and succession planning process to identify
internal talent with the skills and potential to move into newly created or open roles. We fill other key leadership
roles with identified successors enabling us to provide career advancement, smooth transition, and minimal
business disruption.
By understanding their current capabilities, employees and their managers can identify courses and programs
that are more tailored to their development ne
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Community Relations and Engagement AN ANCHOR FOR OUR LOCAL COMMUNITIES
CF Industries believes in building strong partnerships with and
Entry level
supporting the communities in which we operate. From project
wage relative Local Sales
development and siting to construction and operations, we work to Number of Property
Location15 to local Supplier and Use Local Community Involvement
establish cooperative relationships and share information, listen, and be Employees Taxes
minimum Spending16 Taxes
responsive to those who may be impacted by our operations, including
wage
our neighbors, local officials, civic associations, environmental, labor,
community, and religious groups. We work extensively to minimize
Fundraise
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
CF Industries Philanthropy Pillars
2023 IMPACT
Environmental Sustainability Employees from our Yazoo City, Mississippi complex visited their local Boys and Girls Club to lead
Protecting and caring for the lands and natural resources that feed and fuel experiments on clean drinking water and water treatment as well as sponsoring Earth Week activities
our communities. across all of CF Industries’ sites in support of activities such as tree planting, improving wildlife habitats
and trail, park, and waterway clean-ups.
STEM Education and Awareness CF Industries employees contributed their knowledge in classrooms, from Donaldsonville High School
Helping people of all backgrounds, genders, and races access education an
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Volunteer Time Off Program
Employees are provided a full paid day off during which they can support a qualified charitable organization or CASE STUDY
cause. This program is outlined in our Volunteer Time Off (VTO) Policy, and we are proud and humbled by the
many CF Industries employees who donate their time to causes that they care about each year. As of December
2023, over 598 employees logged 4,267 hours under the VTO Program.
CF’s Community First Responder Engagement Program
CF Industries Foundation
Our commitment to safety extends beyond our internal operations. We also engage with local
In 2023, we expanded our philanthropic efforts through the CF Industries Foundation (Foundation).
first responders in the c
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Food Security,
Product Stewardship,
Nature and Biodiversity
UN SDGS
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 4488FOOD 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
Goal Goal Status
At the core of our mission to provide clean
Receive the IFA Protect & Sustain certification (or equivalent environmental/product stewardship certification) for
energy for global food and fuel needs is
In Progress
100% of our manufacturing sites by 2030.
the promotion of food security, product
stewardsh
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Product Stewardship
Safety & Environmental Stewardship of Chemicals
CF Industries conducts formal hazard assessments for all our products, raw materials, and by-products. ResponsibleAg, an industry-led, voluntary program that helps agricultural retail facilities across the country
Such assessments include an evaluation of health, safety, and environmental impacts associated with each comply with the many federal environmental, health, safety, and security regulations. CF Industries believes
material. Additionally, our products do not include genetically modified organisms (GMOs), ozone-depleting that the education and resources provided by ResponsibleAg are critical to the overall sustainability of the
substances
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Longer-term, we expect low-carbon ammonia to be used to reduce GHG emissions in hard-to-abate industries, a key role in a workshop for Center members in 2023 on key safety approaches to promote safe storage and
such as power generation, steel making, and marine shipping, and to reduce lifecycle GHG emissions in the handling of ammonia. CF Industries was also featured in a Center webinar announcing the publication of the
agriculture industry. As we decarbonize our network and evaluate new low-carbon ammonia production, we Center’s Ammonia Safety Project report. The webinar and report advanced understanding of the safe adoption
are taking steps to prepare these industries for their transition to using these product
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Nature and Biodiversity
CF Industries acknowledges the critical importance of nature and biodiversity to broader ecosystems This year, we joined the WBCSD’s joint working group with the One Planet Business for Biodiversity (OP2B)
and chooses to be a responsible steward of the environments where we operate. In light of international coalition focused on regenerative agriculture metrics. The collaborative effort involves more than 50
developments on these important issues, the Company established a new goal in 2023 to develop a strategic members and 27 business-focused partners, representing over 1,100 businesses. The group’s goal is to align
plan to address our impact on nature and biodiversity. farm-, landscape-,
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
BIODIVERSITY RISK LEVEL FOR CF INDUSTRIES' MANUFACTURING AND DISTRIBUTION LOCATIONS*
Extremely High (4 - 5)
High (3 - 4)
Medium - High (2 - 3)
Low - Medium (1 - 2)
Low (0 - 1)
CF INDUSTRIES • ESG REPORT 2023 * Biodiversity risk analysis output and guidance from WWF Biodiversity Risk Filter tool. Filter applied is ‘Pressures on biodiversity.’ High risk scores in this filter indicate high pressures on biodiversity due to possible impact from industry and already high location risk scores 53
from land/water use change; tree cover loss; invasives; and pollution.FOOD 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
Soil Health
PARTNERSHIPS DRIVING SUSTAINABLE AGRICULTURE PRACTICES AND GLOBAL FOOD SECURITY
The nitrogen fertilizer we produce has a direct impact on soil health. Optimal fertilizer application practices not
4R Nutrient Stewardship Program: Led by The Fertilizer Institute (TFI), the 4R Nutrient Stewardship provides
only maximize the benefits of fertilizer on crop yields but also contribute to the biodiversity of soils through
science-based information for stakeholders to use for the education, advocacy, and implementation of crop
increased soil organic matter, soil fertility, and the life of soil microorganisms. At the same time, poor fertilizer
nutrient stewardship. As a member of the Board and a financial contr
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
ONE ACRE FUND PROGRAMS
Field to Market: The Alliance for Sustainable Agriculture: With 190
members across the food and agriculture value chain, this alliance uses
collective action to define, measure, and advance the sustainability of
food, feed, fiber, and fuel production in the U.S. CF Industries is working One Acre Fund is a not-for-profit dedicated to improving food security and supporting smallholder farmers in Sub-Saharan
to expand its involvement with this organization in 2024. Africa. Meet two smallholder farms below:
One Acre Fund: CF Industries expanded its partnership with the One
Acre Fund, with a commitment of $5 million over five years to support
our common goal of sustainably improving food securit
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Water Management*
WATER RISK - NORTH AMERICAN PRODUCTION FACILITIES WATER RISK - UNITED KINGDOM PRODUCTION FACILITY
CF Industries uses water in three key ways: (1) steam
generation for our operations; (2) cooling water for
operations; and (3) to a much lesser extent (<5%), as an
additive in products such as aqua ammonia and DEF.
While most water we withdraw is reintegrated into
the local water cycle through evaporation or return, CF
Industries ensures that we meet strict water quality
standards for our discharges. In addition, the water
consumed in our operations is primarily water lost via
evaporation.
Nonetheless, our commitment to safeguarding natural
resources extends to proactively addressing our water
impac
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Waste Management
OPERATIONAL WATER MANAGEMENT
CF Industries also manages unintended or unwanted discharges to the environment through effective waste
Our water resource management plans ensure that we actively monitor water withdrawal, water use, and water
management. Although waste management is not identified as a material topic for CF Industries, it remains a
discharge; track performance; and identify opportunities for optimization across all our water-related activities.
well-controlled area within our environmental management systems as our total waste generated is minimal.
The plans are overseen by the environmental teams at each location, discussed in the Environmental Council,
We have almost no packaging
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MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Ethics
& Governance
UN SDGS
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 5588FOOD 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
Goal Goal Status
Our ethics and governance practices Engage suppliers and service providers that annually represent 50% of the Company’s total procurement and supply chain
In Progress
are designed to ensure that our expenditures and assess their ESG performance and commitment.
Do It Right philosophy is reflected
Achieved 2023;
in the actions of our people ac
Keyword: governance
Our Ethics & Governance dimension Ongoing
pertains to ethics within our
operations, as well as those of our
Ethics and Compliance
suppliers. We do this through proper
screening and evaluation, including At CF Industries, our Code of Corporate Conduct serves as the foundation of our Additionally, we protect the safety of our employees from harassment or
ethics management, which all employees and directors are required to follow. discrimination and have a well-established complaints management process
determining the extent to which our
that includes an anonymous, 24/7 hotline for our employees to file a complaint
suppliers share our commitment Our Code of Corporate Conduct includes measures to ensure ongoing
of ethics, harassment, or discrimination. Complaints are
Keyword: governance
have strong corporate governance will not tolerate retaliation against any person for reporting a possible violation
well-developed legal systems, CF Industries’ commitment to compliance
or participating in an investigation of possible misconduct in good faith. The
practices in place to oversee our
with local and federal regulations includes all relevant labor, environmental,
Code of Corporate Conduct is reviewed and evaluated on an ongoing basis.
ESG commitments and to ensure corporate, and related laws.
we meet our goals and broader
business strategy.
CF INDUSTRIES • ESG REPORT 2023 59FOOD SECURITY,
ESG AT ENERGY, EMISSIONS OUR WORKPLACE PRODUCT STEWARDSHIP, ETHICS & COALITIONS, PARTNERSHIPS REPORTING
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMA
Keyword: governance
TE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
We also maintain comprehensive corporate policies governing ethics, safety, and working conditions. Our Legal As part of our standards, we require all employees to complete training in areas of ethical importance. All
and Compliance team undertakes an annual review and revision process for CF Industries governance policies trainings are available and tracked through our Learning Management System (LMS) and require a 100%
to ensure they are current and reflect best practices. All policies are made available to our employees, and most participation rate. These mandatory trainings ensure our employees are aware, educated, and in agreement
are externally available on the Company’s website. with stated policies. Requi
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Cybersecurity and Information Technology Systems
Information security – including protection from cyber threats to our systems and safeguarding both
proprietary information and private information about our employees, customers, and suppliers – is critical to
us. We utilize both internal and third-party security and computer control systems throughout our business to
prevent breaches to our cybersecurity and data.
CF Industries’ Cybersecurity Strategy prioritizes detection protection, analysis, and response to known,
anticipated, or unexpected cyber threats, effective management of cyber risks, and resilience against cyber
incidents.
CF Industries maintains a formal cybersecurity program structured around the Nat
Keyword: governance
In our ongoing commitment to uphold strong governance standards and ensure the security of our operations,
we have implemented a robust set of security measures and controls throughout our organization. To achieve
this, we employ cybersecurity zero-trust methodology, regularly conduct risk assessments, and analyze
vulnerabilities to proactively address emerging threats. Rigorous access controls are in place to limit access to
confidential data with exclusive access provided to authorized personnel. Further, established, comprehensive
training programs ensure employees are well-versed in security best practices.
Going beyond compliance, we continue to enhance our security posture, minimize operational risks, and
cultivate a corporate culture centered around responsible data management. In doin
Keyword: governance
sustainable corporate governance.
CF INDUSTRIES • ESG REPORT 2023 61FOOD 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
Supply Chain Management
We also engage key suppliers in improving their sustainability programs. end of year three of the program, over half (52%) of the Company’s total
Effective supply chain management is essential to reducing operational
To assess vendors’ sustainability programs, we utilize EcoVadis. We procurement and supply chain expenditures are accounted for in the
risk and ensuring business continuity at our company. Our supply
i
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Governance
Board Oversight of ESG Performance, Strategy, and Goals
CF Industries remains committed to implementing sound corporate governance practices that enhance the
Our Board has an integral role in the oversight of our corporate sustainability program. They engage with our
effectiveness of our Board of Directors and management team. The experience and diversity of our directors
senior management on the Company’s ESG priorities, including climate change, human capital management,
has been, and continues to be, critical to our success.
ID&E, and our related initiatives and goals. The Board reviews and approves the Company’s strategy and
CF Industries’ Board of Directors is composed of 13 members. Our Chairman
Keyword: governance
The Chairman of the Board and Chair of the Governance Committee lead an active process to regularly assess active involvement in the communities in which it operates. This committee meets five times per year.
board composition and attributes as well as succession planning. When identifying nominees for Directors, we
▶ Our Compensation and Management Development Committee oversees our ID&E and employee
consider the diversity of background, including experience, skills, and personal characteristics, such as race,
well-being initiatives. The committee supports the Board with succession plans for the Chief Executive
gender, and age. Further, we incorporate diversity in our candidate recruitment protocols. We also ensure that
Officer, as well as overseeing and reviewing management’s development, r
Keyword: governance
we routinely engage in dialogue with stakeholders about matters related to our corporate governance.
planning for other key executives and senior management.
▶ Our Corporate Governance and Nominating Committee oversees our governance structures and
processes, including Board refreshment and succession planning.
BOARD OF DIRECTORS DIVERSITY AND TENURE
▶ Our Audit Committee oversees the integrity of our financial statements and the effectiveness of our
54% Diverse internal controls. In addition, the Audit Committee receives regular reports on programs to address
information security and technology risks.
More information on our Board composition and committee membership can be found in our 2024 Proxy
31% Women Statement and the Investor Relations page on our website.
7.0 yrs
Average Tenure
23% Racial/Ethnic
54% Diverse 7 Members 5-10 years
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Management Oversight of ESG Goals and Progress
Our shareholders elect our Directors to oversee management and ensure proper governance across all
business functions. Our leadership team is responsible for delivering on our strategy, creating our culture,
establishing accountability, and managing risk across the entire business and at every level within the
organization.
CF Industries incorporates the management of ESG issues across the entire business and at every level within
the organization. We want every employee to play a role in meeting our ESG goals, as they are central to our
corporate strategy. Goals are set and tracked by corporate leadership and reviewed at the Board level, while
day-to-day goal manage
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Coalitions, Partnerships
& Policy Engagement
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 6655FOOD 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
Coalitions and Partnerships
Association Governance
CF Industries actively engages with
nearly 70 coalitions, associations, and We are thoughtful and strategic in engaging with organizations that In 2023, we conducted a formal, comprehensive audit of our policy-
align with our principles and values. Our Vice President of Public Affairs focuse
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
CF INDUSTRIES NOTABLE ENGAGEMENTS
Type Organization Organization Overview 2023 Highlights
IFA was founded in 1927 and is the only global fertilizer Our CEO, Tony Will, serves as the Board Chairman. CF Industries is a founding sponsor of the IFA’s
association, with more than 450 members in some 80 Sustainability Academy, which seeks to help the fertilizer industry accelerate its sustainability transformation
countries and a mission to promote the efficient and by creating easily accessible trainings. CF Industries is active throughout many aspects of the organization,
International Fertilizer
responsible production, distribution, and use of plant including on safety, and participated in the association’s March 202
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Association Engagement
We pride ourselves on the active role we take in engaging within the industry, partnerships above, a full list of our active organizations and partnerships is
with our business partners, and expanding our relationships with a broad set of included as part of our GRI reporting (see GRI 2-28). We also provide disclosure of
stakeholders. In 2023, we engaged with various industry associations and partners our political contributions and charitable contributions in annual reports, which
to deepen industry expertise and drive action. In addition to the highlighted can be found here on our website.
CF Industries and CHS Partnership Recognized by AIM for Climate
In May 2023, CF Industries announced
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Policy Engagement
Global Carbon Pricing Systems
We actively support three core policy agendas to enable
our sustainable growth while advancing the global energy
transition and supporting the food system decarbonization. Clear and long-term pricing policies (including carbon Pricing systems prevent carbon emissions that would
border measures) are vital to creating durable market otherwise result from the import of lower-priced, higher
In 2023, we engaged various U.S. policymakers and other key
signals that will foster industry decarbonization. carbon-intensive goods (i.e., carbon leakage).
stakeholders at events centered on primary areas of focus. A
few notable examples include: The Company supports action by the
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
Reporting
& Data
CCFF IINNDDUUSSTTRRIIEESS •• EESSGG RREEPPOORRTT 22002233 7700FOOD 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
Key Historical Metrics ESG Goal Metrics
Key EHS Metrics Unit 2023 2022 2021 2020 2019 2018 2017 ESG Goal 2023 2022 2021
Greenhouse Gas Emissions Our Workplaces & Communities
Increase representation of females and persons of color in senior leadership roles
Scope 1 Emissions tonnes CO 2e 17,800,000 17,700,000 17,200,000 18,800,000 19,400,000 17,600,000 18,600,000 (direc
Keyword: governance
(2015 baseline of 2.28) gross ammonia 1.90 1.85 1.92 1.87 1.96 1.81 1.84 Ethics & Governance
production
Engage suppliers and service providers that annually represent 50% of the Company’s
Air Quality
total procurement and supply chain expenditures and assess their ESG performance 52% 48% #N/A
and commitment.
Particulate matter Tonnes 882 873 770 914 873 807 820
Train and certify compliance with the Code of Corporate Conduct for all employees
100% 100% #N/A
annually
NOx (Nitrogen oxides) Tonnes 9,595 8,790 10,431 10,772 9,987 9,684 9,995
Train and certify compliance with the Environmental, Health, Safety, and Security Policy
100% 100% #N/A
SO (Sulfur oxides) Tonnes 31 32 29 28 29 30 29 for all employees annually.
2
VOCs (volatile organic Train and certify compliance with the Anti-corruption Compliance Policy for all
Tonnes 811 694
Keyword: governance
MESSAGE FROM CEO ABOUT THIS REPORT OUR BUSINESS CF INDUSTRIES & CLIMATE CHANGE & COMMUNITIES NATURE & BIODIVERSITY GOVERNANCE & POLICY ENGAGEMENT & DATA
TCFD Index
GOVERNANCE A
BOARD OVERSIGHT
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
See 2024 Proxy Statement, “Corporate Governance -- Board Oversight of Strategy and Risk Management,” pages 30-31, “Corporate Governance -- Committees of the
in ammonia production to capture emerging opportunities available to ammonia produced with a lower carbon intensity than that of ammonia produced through
Board -- Environmental Sustainability and Community Committee,” pages 29-30 and “Corporate Governance - Sustainability at CF Industries,” pages 34-35.
traditional processes. These opportunities include t
Keyword: governance
See 2023 ESG Report, “Ethics and Governance -- Governance -- Board Oversight of ESG Performance, Strategy and Goals,” page 63. and marine shipping, that would use the hydrogen component of the ammonia molecule for clean energy given that ammonia does not contain or emit carbon when
combusted. We execute our strategy across four dimensions: decarbonizing our existing network to accelerate the availability of low-carbon ammonia; evaluating new
GOVERNANCE B low-carbon ammonia capacity growth; forging partnerships to accelerate our timeline and bridge gaps in areas where we do not have expertise; and collaborating to build
ROLE OF MANAGEMENT understanding of ammonia’s clean energy capability, safety track record and regulatory environment.
See 2024 Proxy Statement, “Corporate Governance -- Board Over
Keyword: governance
sight of Strategy and Risk Management,” pages 30-31; “Corporate Governance -- Sustainability at CF
See 2024 Proxy Statement, “Corporate Governance -- Sustainability at CF Industries,” pages 34-36; and “Proxy Statement Summary -- Our Business and Strategy,” pages
Industries,” pages 34-35; “Proxy Statement Summary -- Our Business and Strategy,” pages 2-4; and the Joint Letter to Shareholders from the Chair of the Board and the
2-4 and the Joint Letter to Shareholders from the Chairman of the Board and the Chief Executive Officer — Clean Energy Strategic Focus.
Chief Executive Officer -- Clean Energy Strategic Focus.
See also 2023 ESG Report, “A Message from our CEO,” pages 2-5; “Our Business,“ pages 9-15; ”ESG at CF Industries, “ pages 16-21, “Energy, Emissions & Climate Change,”
See also 2023 ESG Report, “A Messag
Keyword: governance
Climate Change,” pages 22-32; “Food Security, Product Stewardship, Nature and Biodiversity,” pages 48-57; “Ethics and Governance -- Governance -- Management
Oversight of ESG Goals and Progress”, page 64 and “Our Workplace & Communities -- Workforce Health and Safety--Oversight of Safety at CF Industries,” page 36.
See also 2023 Form 10-K, “Item 1 Business -- Environmental, Health and Safety -- Regulation of Greenhouse Gases,” page 10; “Item 1A Risk Factors -- A decline in
agricultural production, limitations on the use of our products for agricultural purposes or developments in crop technology could materially adversely affect the demand
STRATEGY A for our products,” page 13; “Item 1A Risk Factors -- Adverse weather conditions may decrease demand for our fertilizer products, increase the cost of natural gas or
SHORT, MEDIUM, AND LONG TERM CLIMATE RISKS materially disrupt our ope