Nutrien releases plan to improve agricultural sustainability by 2030
Nutrien Ltd., a global provider of crop inputs and services, released its 2021 Environmental, Social and Governance (ESG) Report last week. Related information regarding Nutrien’s governance, risk management, strategic opportunities and performance are outlined within this report. Nutrien also launched six commitments to address the challenge of sustainably feeding a growing global population while protecting the planet. The Feeding the Future Plan has action pathways to help transform agriculture by the year 2030:
- Enable growers to adopt sustainable and productive agricultural products and practices on 75 million acres globally;
- Launch and scale a comprehensive Carbon Program, empowering growers and the agriculture industry to accelerate climate-smart agriculture and soil carbon sequestration while rewarding growers for their efforts;
- Achieve at least a 30 per cent reduction in greenhouse gas (GHG) emissions (Scope 1 + 2) per tonne of our products produced (from 2018 levels);
- Invest in new technologies and pursue the transition to low-carbon fertilizers, including blue and green ammonia;
- Leverage their farm-focused technology partnerships and investments to drive industry and grower innovation and inclusion;
- Create new financial solutions for growers to strengthen social, economic and environmental outcomes in agriculture.
The world’s population is expected to reach 10 billion people by the year 2050, and innovation is needed to increase food production for generations to come. The Feeding the Future Plan reflects Nutrien’s commitment to drive systemic change by helping to scale sustainable and inclusive agriculture. It also includes Nutrien’s commitment to set science-based climate emissions targets through the Science-Based Targets initiative (SBTi).
“Nutrien is focused on meeting the United Nations’ Zero Hunger Sustainable Development Goal in the coming decade by helping growers increase food production in a sustainable manner,” said Chuck Magro, Nutrien’s president and CEO, in a press release.
“We know a collaborative effort is required to address climate change and feed the world. With a long-term goal to scale our programs and create real, lasting change, Nutrien is encouraging stakeholders to come together to evolve the systems and policies needed to address these challenges. As we strive to transform our food system, we encourage the sharing of information and pooling of resources for a new generation of systems-based solutions.”
Nutrien will host an ESG stakeholder update to further discuss their ESG plans and comprehensive Carbon Program on May 17 in association with their Annual General Meeting.