Sustainability performance on targets

Our sustainability-related commitments, targets and goals (collectively referred to as “targets”) aim to create positive economic, social and environmental outcomes. Our targets are intended to manage our key sustainability risks and opportunities and may be revised as our operating environment evolves.

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Here is a high-level summary of our performance in 2023

Sustainable Acres
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In progress

2030 commitment: Enable growers to adopt sustainable and productive agricultural products and practices on 75 million acres globally, by 2030

  • We measured, documented and calculated outcomes on 2 million sustainably engaged acres in North America, South America and Australia by leveraging our digital platforms, including Agrible®, to track and measure factors such as crop quality, soil health, GHG emissions, water quality and biodiversity. Our efforts to date have focused on the development of financially attractive sustainability programming and solutions for our grower customers, which includes capabilities to support grower onboarding, data management, and environmental performance measurement and verification. Our ability to reach our long-term commitment is dependent upon grower participation in these initiatives, emphasizing the importance of continued industry collaboration and engagement on the topic of sustainability. Learn more
Carbon Program
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In progress

2030 commitment: Launch and scale a comprehensive Carbon Program1, empowering growers and our industry to accelerate climate-smart agriculture and soil carbon sequestration while rewarding growers for their efforts, by 2030

  • We enabled emissions reductions on approximately 900,0002 sustainably engaged acres in North America, working with growers and collaborating with 15 suppliers and downstream partners. We established a validated pathway and verified GHG insets in Canada and verified GHG outcomes and insets in the US, based on grower data.
  • Update: This goal directly contributes to our 75 million acres target as our Carbon Program has evolved to be considered within a suite of comprehensive sustainable agriculture programs. Going forward we will no longer view this goal independently and progress will be reported under our 75 million acres target (“75 million acres”). We will continue to report on our Carbon Program and how it and other ecosystem services and their outcomes collectively contribute to our 75 million acres. We will continue our efforts to seek to empower growers and our industry to accelerate sustainable agriculture and soil carbon sequestration, while rewarding growers for their efforts. Learn more
1Our Carbon Program is also referred to as a Sustainable Agriproducts Program. Sustainable agriproduct acres involve agronomic solutions leading to measurable outcomes such as carbon, soil or water, with the ability to validate and verify those outcomes.
2These acres are included in our 75 million acres target.
Climate<sup>3</sup>
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In progress

2030 commitment: Achieve at least a 30 percent intensity reduction in GHG emissions (Scope 1 and 2) per tonne of our products produced, from a baseline year of 2018, by 2030

  • As of 2023, we achieved a 10 percent reduction in GHG emissions intensity (Scope 1 and 2) per tonne of our products produced, compared to our 2018 baseline. We completed a number of abatement projects, including N2O abatement projects, energy and emission efficiency upgrades, and tied in our second Redwater, AB Ammonia Plant to the Alberta Carbon Trunk Line to allow additional CO2 to be permanently sequestered (collectively, the “GHG Phase 1 abatement program”). The GHG Phase 1 abatement program contributed towards our target, and we continue to evaluate other strategic emissions abatement projects on technical and economic feasibility in pursuit of this commitment. Learn more

In progress

2030 commitment: Invest in new technologies and pursue the transition to low-carbon fertilizers, including low-carbon and clean ammonia4, by 2030

  • We continued to evaluate opportunities to invest in low-carbon ammonia technologies. As of December 31, 2023, Nutrien has annual production capability for 1.2 million tonnes of low-carbon ammonia at our Geismar, LA, Redwater, AB and Joffre, AB Nitrogen facilities. We decided to suspend work on our proposed Geismar clean ammonia project due to an increase in expected capital costs compared to our initial estimates, continued uncertainty on the timing of emerging uses for clean ammonia and the prioritization of strategic capital allocation.
  • Update: This goal directly contributes to our 30 percent GHG emissions (Scope 1 and 2) intensity target. Going forward we will no longer view this goal independently and progress will continue to be shared on how these programs collectively contribute to our 30 percent reduction in GHG emissions intensity target. Learn more

Partially achieved

Reduce GHG emissions in nitrogen production by 1 million tonnes CO2e by the end of 2023 (On an intensity basis vs. 2018 baseline emissions intensity.)

  • Nutrien completed the final projects in our GHG Phase 1 abatement program, which resulted in a GHG emissions reduction from nitrogen production of over 300,000 tonnes of CO2e on an intensity basis in 2023. We anticipate the emission reductions from this suite of projects and a return to expected nitrogen operation rates to result in a reduction of 1 million tonnes CO2e by the end of 2024. Learn more

Withdrawn

Deploy self-generated wind and/or solar energy at four Potash facilities by the end of 2025

  • Nutrien continued to assess renewable energy opportunities for our Potash facilities. Our Potash sites are located in Saskatchewan, Canada, where power is provincially regulated. It was initially anticipated that we could deploy self-generated wind and/or solar energy by the end of 2025 but given that adding renewable energy to the grid needs to be considered in conjunction with the regulator’s decarbonization strategy and the capital required to implement physical assets, we no longer expect to achieve this target. Overall, this target represented a small portion of our Scope 2 emissions footprint and our 30 percent GHG emissions (Scope 1 and 2) intensity target. We continue to work to better understand challenges and opportunities related to renewable electricity and the Saskatchewan grid and evaluate additional strategies to reduce our Scope 2 emissions. Learn more
3The reduction in GHG intensity (Scope 1 and 2) per tonne of our products produced, compared to our 2018 baseline, was primarily due to an increase in potash production volumes relative to nitrogen volumes in 2023 as compared to 2018 as well as modest reductions in GHG emissions intensity from emissions abatement projects. Our progress on this commitment may vary on a year-over-year basis due to changes in product mix, operating rates, progress on emissions abatement projects, technology implementation and other factors. We continue to assess various options as we strive to achieve our ambitions.
4Low-carbon ammonia is ammonia made with direct GHG emissions typically reduced by approximately 60 percent but up to 80 percent compared to a conventional process, produced primarily utilizing carbon capture, utilization and storage (“CCUS”) or other low-emission production technologies; this definition does not include end product use. Clean ammonia is ammonia made with direct GHG emissions reduced by at least 90 percent compared to a conventional process, produced from hydrogen obtained using the next generation of ammonia production technology such as auto-thermal reforming or water electrolysis with renewable power; this definition does not include end product use.
Product stewardship
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Achieved

Complete risk evaluation profiles of nitrogen, phosphate and potash (“NPK”) (fertilizer) manufactured products by 2024

  • We completed risk profiles and established a profile database for over 200 NPK products across our North American and European wholesale business. The internal digital profiles include information on product identity, hazard classification, chemical class, substances of concern, jurisdiction-specific information and security-related factors. This goal was completed, and the Product Stewardship team continues to explore the next phase in product stewardship. Learn more
Water stewardship
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On Track

Reduce annual freshwater use in current operations at higher-risk and higher-use manufacturing facilities by 3.0 million cubic meters by 2025, which cumulatively is expected to reduce freshwater use by 30 million cubic meters by 20305

  • In 2023, we reduced our freshwater use by nearly 2.7 million cubic meters, a cumulative reduction of approximately 9 million cubic meters since 2018.
  • Revision: Target improvement is on an absolute basis, not an intensity basis. Learn more
5Water target is supported by a series of projects executed and maintained between 2018 and 2030. Reductions are calculated on an absolute basis at a project level on a before/after basis and assumes such projects are maintained through 2030 and/or the life of the project.
Biodiversity
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Achieved

Determine how digital on-farm tools can identify and track opportunities to enhance biodiversity conservation on agricultural landscapes by the end of 2023

  • We continued to use our internally developed framework to characterize and measure grower performance on various metrics developed by Cool Farm Alliance and Field to Market®. Our Agrible® platform includes Field to Market’s Habitat Potential Index (“HPI”) to assess on-farm habitat for plants and animals. We also progressed on an internal nature assessment as part of the Taskforce on Nature-related Financial Disclosures (“TNFD”) pilot program. Learn more
Waste
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On track

Retail will continue to broaden and implement our Global Waste Minimization Standard, with a focus on improving our data management system and analytics with an aim to set a target by 2025

  • Retail sites continued to implement our Global Waste Minimization Standard. We completed a waste hierarchy mapping and began building a company-wide digital data management tool to collect, monitor and report waste management at a global level. Improved data collection is a necessary next step for effective target setting. Learn more
Workplace safety
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On track

Achieve top-quartile safety performance across all operating segments by the end of 2025

  • In 2023, we achieved our best record for Total Recordable Injury Frequency (“TRIF”) and maintained our best record for Lost Time Injury Frequency (“LTIF”) since Nutrien formed in 2018. Retail and Phosphate TRIF performance exceeded the Bureau of Labor Statistics top-quartile performance for their related industry. Further, Nitrogen made positive progress, nearly achieving TRIF and LTIF performance targets. Comparing to peers, in 2023, Phosphate and Potash exceeded their peers’ average performance in both TRIF and LTIF, and Retail exceeded their peers in LTIF performance. Measuring against industry and globally recognized metrics ensures we evaluate our performance for Nutrien as an enterprise, as well as individual operating segments. Learn more

Not achieved

Zero Serious Injury and Fatality (“SIF”) incidents annually6

  • In 2023, Nutrien had five SIF incidents. Regrettably, one incident resulted in a fatality. Nutrien is determined to learn from these incidents and to take steps to try and prevent similar incidents from happening again. We are committed to building a strong safety culture where employees go home safe, every day. Learn more
6Target includes work-related fatality or life-altering injury/illness experienced by an employee or directly supervised contractor conducting work on behalf of Nutrien.
Environmental incidents
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On track

Reduce the three-year moving average Loss of Containment (“LOC”)7 Index from 1.52 in 2022 to 1.25 by 2030

  • Our three-year moving average LOC Index is 1.39 in 2023, which is 10 percent lower than our 2022 baseline. In 2023, there were 23 environmental incidents, compared to 44 in 2022. As part of our LOC Reduction Strategic Plan, we identified 34 actions, of which 19 have been implemented, in 2023. Learn more
7An unplanned release of material from its process that has the potential to impact human health and/or the environment. Index is calculated from the number of LOC incidents and normalized to production/sales data. This target will be approximately an 18 percent reduction from 2022 baseline in LOC incidents.
Equity, Diversity and Inclusion
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In progress

2030 commitment: Leverage our farm-focused technology partnerships and investments to drive positive impact in industry and grower innovation and inclusion, by 2030

  • We participated in the Radicle Growth Inclusion Challenge and selected two ag-tech entrepreneur companies for potential investment. The challenge was a pitch competition from ag-tech entrepreneurs around the globe who are committed to diversity and inclusion while advancing a sustainable food value chain. Learn more

 

Withdrawn

2030 commitment: Create new grower financial solutions to strengthen social, economic and environmental outcomes in agriculture, by 2030

  • We have evaluated how Nutrien Financial can support growers through a lens of sustainability and inclusion. Our approach focused on internal training, and increased collaboration and targeted informational campaigns for diverse grower groups.
  • Update: Going forward we will no longer view this goal independently under Inclusion. Nutrien Financial’s programs and offerings are inclusive, and we will continue to support growers, as financing is often a key enabler to the broad adoption of sustainable agricultural practices. Learn more

 

Achieved

Women comprise no fewer than 30 percent of the Board of Directors (maintain annually)

  • We exceeded our target with 33 percent women on our Board of Directors as of December 31, 2023. This is a consistent annual achievement since our baseline of 2018. Learn more

 

Under review

Thirty percent women in leadership (director and above) by 2025

  • The percentage of women in senior leadership positions across the Company was 23 percent at the end of 2023, representing continued improvement compared to 21 percent in 2022, especially compared to 13 percent in 2018.
  • Update: Our goal will not be achieved by 2025 and is under review. While we have seen a significant increase since 2018, we believe a single numerical measure of this nature may not drive the most effective progress against the fundamental purpose for diversity at our Company. Our core value of Inclusion reflects our commitment to create and sustain a sense of belonging and respect, and leverage the best in each other. Diversity of thought and perspectives through contributions from a varied group of people, enabled by an inclusive environment, is the objective and remains a priority. Learn more 

 

Achieved

By 2025, 25 percent of local spend in our Potash business has direct Indigenous economic impact

  • Our Potash operating segment exceeded the target, reaching an approximate 32 percent spend in 2023 with local direct Indigenous economic impact. This reflects approximately CAD$324 million of contract opportunities that support direct positive impact with Indigenous communities and Peoples. Learn more

 

Achieved

Annually, 100 percent of potash suppliers contracted under a Master Supply Agreement (“MSA”) have local Indigenous inclusion commitments

  • One hundred percent of all signed MSAs with suppliers for the Potash operating segment in 2023 included commitments to local Indigenous inclusion as a requirement to engage in our bidding process.
  • Update: Going forward we will no longer report on this target as it is now an operational component as part of our strategic approach. Annually, we expect all suppliers for the Potash operating segment contracted under an MSA will have local Indigenous inclusion commitments. Learn more
Community relations
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Achieved

Develop and implement a targeted approach to measure the impact of our sustainability and community investments in 2023

  • Our new internal Investing for Impact framework is complete and currently being implemented. We developed a training program for community partners and Nutrien’s community investment representatives. The framework and impact measurement data will be tested, evaluated and refined in the coming years. No new target is expected. Learn more

 

Achieved

Employees volunteer at least 25,000 hours by 2025 (during work and outside of work hours are counted)

  • Nutrien employees volunteered more than 26,700 hours, representing a 52 percent increase over 2022. In 2023, we offered eligible employees three paid volunteer days during work hours and reward dollars for eligible charities if volunteering outside of work hours. Learn more
Integrity
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Achieved

All employees, directors and officers complete mandatory Code of Conduct training annually

  • All employees, directors and officers have completed mandatory Code of Conduct training. We update and rotate topics from year to year, adding new content as required to address new or changing legal and compliance risks. Learn more
Cybersecurity
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Achieved

Host quarterly education and training on cybersecurity for our community partners and stakeholders

  • We hosted five external cybersecurity sessions in 2023. The sessions are a combination of virtual and in person events connecting with Nutrien stakeholders to bring awareness to the importance of cybersecurity. Learn more