PHILADELPHIA, Dec. 20, 2022 /PRNewswire/ --
FMC Corporation (NYSE: FMC) FMC has been recognized by CDP, the gold standard of environmental reporting, as a leader in environmental sustainability, earning an A- for climate change and water security. The scores reflect FMC's ambitious environmental goals as well as the company's transparency and management of climate-related risks.
"We are thrilled that FMC has been recognized by CDP as a global leader for the measures we are taking to address climate change and water security," said Karen Totland, FMC vice president and chief sustainability officer. "We have continued to raise the bar for sustainability at our company and achieving a score of A- in both areas validates the efforts of so many colleagues around the world. Achieving our goal of net zero greenhouse gas emissions by 2035 is a top priority and we continue to make notable progress despite a challenging environment."
Earlier this year, FMC reset its environmental sustainability goals to drive meaningful improvements in emissions, energy, water and waste across its value chain. In addition to its aggressive net zero targets, FMC continues to promote water stewardship at its operating sites and in the communities it serves, and is focused on reducing water consumption in high-risk locations. In 2022, the company established a goal to achieve Alliance for Water Stewardship (AWS) certification at all its sites by 2035.
In 2022, more than 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested environmental data from companies through CDP. A record more than 18,700 companies globally responded. Just 24% of chemicals companies who responded reached the leadership level (A/A-) for climate change, with the industry average score being a B-.
"As a mission-based non-profit that runs the global environmental disclosure system, CDP greatly values the support of FMC," said Dexter Galvin, CDP global director, Corporations & Supply Chain. "Urgent system-wide action remains critical to ensuring that we can limit global warming to 1.5°C, avoid the worst effects of climate change and safeguard our planet's natural resources. Disclosure is the first key step in addressing current and future environmental risks. FMC has demonstrated its commitment to transparency around its environmental impacts and strategies for action by disclosing its environmental data through CDP in 2022. Disclosure not only provides the foundation for environmental action, but brings tangible business benefits for shareholders, customers and employees alike."
FMC has shown leadership in Environmental Social and Governance (ESG) performance throughout 2022. In addition, to CDP, FMC scored in the 92nd percentile (as of December 13, 2022) of chemicals companies for S&P Global's Corporate Sustainability Assessment (CSA), which assesses over 10,000 companies around the world.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
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SOURCE FMC Corporation