2015 Annual Integrated Report WHEN SOILS ARE HEALTHY · 2017-12-07 · 2015 Annual Integrated...
Transcript of 2015 Annual Integrated Report WHEN SOILS ARE HEALTHY · 2017-12-07 · 2015 Annual Integrated...
2015 Annual Integrated Report
WHEN SOILS ARE HEALTHY…
Issue Area Global Compact Principle GRI Indicator
Human Rights 1 Businesses should support and respect the protection of internationallyproclaimed human rights; and
G4 HR2, HR7-HR10, HR12, SO1, SO2
2 make sure that they are not complicit in human rights abuses. G4 HR1, HR10-11
Labor 3 Businesses should uphold the freedom of association and the effectiverecognition of the right to collective bargaining;
G4 11, HR4, LA4
4 the elimination of all forms of forced and compulsory labor; G4 HR6
5 the effective abolition of child labor; and G4 HR5
6 the elimination of discrimination in respect of employment and occupation. G4 10, EC5-EC6, LA1, LA3, LA9, LA11-LA13, HR3
Environment 7 Businesses should support a precautionary approach to environmentalchallenges;
G4 EC2, EN1, EN3, EN8, EN15-EN17, EN20-EN21,EN27, EN31
8 undertake initiatives to promote greater environmental responsibilities; and G4 EN1-EN34
GRI
A Roadmap for Creating Value
At PotashCorp, we approach sustainability in an integrated manner by operating in a way that considers long-term value creation for all our stakeholders: employees, communities,
customers, investors and others impacted by our business. We embed this principle into the five corporate goals that act as our roadmap for managing our business.
We strive to deliver a return to shareholders, as strong financial performance makes our other goals possible. We work to keep our people safe and engaged in their jobs. We partner
with our customers to help them grow their businesses. And, we support our communities – contributing to prosperity and development, while minimizing any environmental impacts
that can results from our operations.
Quite simply, we want to nourish potential – bringing forth the best in our company and in the lives of others
Our Approach to Reporting
PotashCorp’s Integrated Reporting Center (IRC) provides users with greater access to the information they require across all our public disclosure documents. In addition to the
information contained in our stakeholder reports, the IRC incorporates supplementary performance data on our key priorities as well as provides the more detailed sustainability
performance measures aligned to the Global Reporting Initiatives G4 reporting standards.
Global Reporting Initiative Reporting (GRI
Since 2002, PotashCorp has followed international guidelines for sustainability reporting set out by the Global Reporting Initiative (GRI). PotashCorp’s environmental, social and
economic performance is aligned to the Global GRI G4 reporting standards. We have adopted GRI's framework as part of our company’s commitment to industry-leading transparency
and accountability.
Our GRI Index is designed as a table of contents and will provide you with links to appropriate reporting sections throughout the IRC, related regulatory reports and other performance
data. For those wishing for detailed social, economic and environmental data, our Performance Tables provide five years of data, accompanied by the Performance Disclosure section
to explain certain data trends in more detail.
UN Global Compact
Aligning GRI with UNGC
The UN Global Compact (UNGC) is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in
the areas of human rights, labor, environment and anti-corruption.
Although we are not a signatory to the UNGC, we believe that our approach to doing business achieves the ten UNGC principles as demonstrated in our GRI G4 reporting as
demonstrated in the table below:
9 encourage the development and diffusion of environmentally friendlytechnologies.
G4 EN6-EN7, EN19, EN27, EN31
Anti-Corruption 10 Businesses should work against corruption in all its forms, including extortionand bribery.
G4 56-58, SO3-SO6
G4 Index
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-1 Statement from the most senior decision-maker in theorganization about the relevance of sustainability tothe organization and it's strategy for addressingsustainability.
2015 Annual Integrated Report: CEO Letter
G4-2 Description of key impacts, risks, and opportunities 2015 Annual Integrated Report: How We ApproachRisk
2015 Annual Integrated Report: Key Business Risks
Strategy and Analysis
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-3 Organization name Potash Corporation of Saskatchewan Inc.
G4-4 Primary brands, products, and services 2015 Annual Integrated Report: About Our Nutrients
G4-5 Location of headquarters 2015 10-K: General, Page 2
G4-6 Number of countries where the organization operates,and names of countries with either significantoperations or that are specifically relevant to thesustainability issues covered in the report
2015 Annual Integrated Report: Our Operations
G4-7 Nature of ownership and legal form 2015 10-K: General, Page 2
G4-8 Markets served 2015 Annual Integrated Report: Our Potash Business
2015 Annual Integrated Report: Our Nitrogen Business
2015 Annual Integrated Report: Our PhosphateBusiness
G4-9 Scale of the organization 2015 Annual Integrated Report: Our Operations
2015 Annual Integrated Report: Company Overview
G4-10 Total number of employees 2015 GRI Social Performance Data: Workforce 6
G4-11 Percentage of employees covered by collectivebargaining agreements
2015 GRI Social Performance Data: Workforce 3
G4-12 Description of supply chain Supply Chain Management
Procurement
G4-13 Significant changes during the reporting periodregarding size, structure, ownership or supply chain
Permanent closure of Penobsquis, New Brunswickmine
G4-14 How the precautionary approach or principle isaddressed by the organization
2015 Annual Integrated Report: Key Business Risks
2015 10-K: Environmental Matters, Pages 15-16
Organizational Profile
G4-15 List externally developed economic, social andenvironmental charters, principles or other initiatives towhich the organization subscribes or endorses
United Nations’ Universal Declaration of Human Rightsand the International Labor Organization’s fundamentalconventions; International Labor Organization’s Codeof Practice on Recording and Notification ofOccupational Accidents and Diseases
G4-16 List of membership associations Saskatchewan Mining Association, CanadianBusiness for Social Responsibility, The FertilizerInstitute, Canadian Fertilizer Institute, InternationalPlant Nutrition Institute
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-17 Entities included in the organization's consolidatedfinancial statements
2015 Annual Integrated Report: Financial StatementNote 2
G4-18 Process for defining report content 2015 Annual Integrated Report: What We Report andWhy
G4-19 Priorities identified 2015 Annual Integrated Report: Top Priorities
G4-20 Boundaries – Internal 2015 Annual Integrated Report: Top Priorities
G4-21 Boundaries – External 2015 Annual Integrated Report: Top Priorities
G4-22 Effect of any restatements of information in previousreports and the reasons for such restatements
No material restatements were made in the reportingyear
G4-23 Significant changes from previous reporting in scopeof priorities
No significant changes from previous reporting
Identified Material Aspects and Boundaries
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-24 List of stakeholder groups 2015 GRI Performance Disclosure: General –Stakeholder Engagement
G4-25 Basis for identifying and selecting stakeholders 2015 GRI Performance Disclosure: General –Stakeholder Engagement
G4-26 Approach to stakeholder engagement 2015 GRI Performance Disclosure: General –Stakeholder Engagement
G4-27 Topics raised through stakeholder engagement andresponse
2015 GRI Performance Disclosure: General –Stakeholder Engagement
Stakeholder Engagement
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-28 Reporting period January 1 – December 31, 2015
G4-29 Date of most recent previous report December 31, 2014
Report Profile
G4-30 Reporting cycle Annual
G4-31 Contact for questions Contact Information
G4-32 In accordance option Aligned to comprehensive reporting
G4-33 External assurance policy Non-financial reporting is not externally assured
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-34 Governance structure 2015 Annual Integrated Report: How We ApproachGovernance
Sustainability Committee and Board Responsibility
G4-35 Process for delegating authority for economic, socialand environmental topics
Sustainability Committee and Board Responsibility
G4-36 Executive level positions responsible for economic,social and environmental topics
Sustainability Committee and Board Responsibility
G4-37 Process for consultation between stakeholders andhighest governance body on economic, social andenvironmental topics
2016 Proxy Circular: Stakeholder Outreach, Pages 33-34
G4-38 Composition of the highest governance body 2016 Proxy Circular, Pages 16,17,31
G4-39 Indicate whether the Chair of the highest governancebody is also an executive officer
2016 Proxy Circular: Independent Board Chair, Page17
G4-40 Nomination and selection process for the highestgovernance body and its committees
2016 Proxy Circular: Corporate Governance andNominating Committee, Pages 29-34
G4-41 Process for the highest governance body to ensureconflicts of interest are avoided and managed
2016 Proxy Circular: Expectations of Directors andDirector Independence, Pages 15-16
G4-42 Highest governance body's and senior executivesroles in the development, approval and updating theorganizations purpose, value or mission statements,strategies, policies, and goals
2016 Proxy Circular: Core Values, Code of Conductand Governance Principles, Pages 14-15
G4-43 Measures taken to develop and enhance the highestgovernance body's collective knowledge of economic,social and environmental topics
2016 Proxy Circular: Director Education Activities,Pages 33
G4-44 Process for evaluation of the highest governancebody's performance
2016 Proxy Circular: Core Values, Code of Conductand Governance Principles, Pages 14-15
G4-45 Highest governance body's role in the identification ofeconomic, social and environmental impacts, risksand opportunities
Sustainability Committee and Board Responsibility
G4-46 Highest governance body's role in reviewing theeffectiveness of the organizations' risk managementprocess for environmental, social and economic topics
2016 Proxy Circular: Risk Management, Page 26
G4-47 Frequency of the highest governance body's review of 2016 Proxy Circular: Risk Management, Page 26
Governance
economic, environmental and social impacts, risks,and opportunities
G4-48 Highest committee or position that formally reviewsand approves the organization's sustainability report
Sustainability Committee
G4-49 Process for communicating critical concerns to thehighest governance body
2016 Proxy Circular: Stakeholder Outreach, Pages 33-34
G4-50 Nature and total number of critical concerns that werecommunicated to the highest governance body and themechanisms used to address and resolve them
PotashCorp does not report this information externally
G4-51 Remuneration policies for the highest governance bodyand senior executives
2016 Proxy Circular: Compensation, Page 37
G4-52 Process for determining remuneration 2016 Proxy Circular: Compensation, Page 37
G4-53 How stakeholder views are incorporated inremuneration
2016 Proxy Circular: Compensation, Page 37
G4-54 Ratio of the annual total compensation for theorganization's highest paid individual in each countryof significant operation to the median annual totalcompensation for all employees
PotashCorp does not report this information externally
G4-55 Ratio of percentage increase in annual totalcompensation for the organization's highest-paidindividual in each country of significant operations tothe median percentage increase in annual totalcompensation for all employees
PotashCorp does not report this information externally
General StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
G4-56 Organizations values, principles, standards and normsof behavior
Core Values and Code of Conduct 10
G4-57 Internal and external mechanisms for seeking adviceon ethical and lawful behavior, and matters related toorganizational integrity
Governance Policies 10
G4-58 Procedures for reporting concerns about unethical orunlawful behavior
Procedures for Reporting Complaints 10
Ethics and Integrity
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Economic Performance
G4-EC1 Direct economic value generated and distributed 2015 GRI Economic Performance Data: EconomicValue Generated and Distributed
G4-EC2 Financial implications and other risks and opportunitiesdue to climate change
2015 10-K: Environmental Matters, Pages 15-16 7
G4-EC3 Coverage of defined benefits obligations 2015 Annual Integrated Report: Financial StatementNote 21
Economic
G4-EC4 Financial assistance received from governments 2015 Annual Integrated Report: Financial StatementNote 8
Market Presence
G4-EC5 Ratios of standard entry level wage by gender 2015 GRI Performance Disclosure: Labor –Labor/Management Relations
6
G4-EC6 Proportion of senior management hired from the localcommunity
Senior Management 6
Indirect Economic Impacts
G4-EC7 Development and impact of infrastructure investmentsand services supported
Explore – Report to the Community – Fall 2015
Explore – Aboriginal Community Impact Update – Fall2015
G4-EC8 Significant indirect economic impacts Explore – Report to the Community – Fall 2015
Explore – Aboriginal Community Impact Update – Fall2015
Procurement Practices
G4-EC9 Proportion of spending on local suppliers at significantlocations of operation
Procurement
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Materials
G4-EN1 Materials used by weight or volume 2015 GRI Performance Disclosure: Environment –Materials
2015 GRI Environment Performance Data: Materials
7, 8
G4-EN2 Percentage of materials that are recycled inputmaterials
2015 GRI Performance Disclosure: Environment –Materials
8
Energy
G4-EN3 Energy consumption within the organization 2015 GRI Performance Disclosure: Environment –Energy
2015 GRI Environment Performance Data: Energy
7, 8
G4-EN4 Energy consumption outside the organization 2015 GRI Performance Disclosure: Environment –Energy
2015 GRI Environment Performance Data: Energy
8
G4-EN5 Energy intensity 2015 GRI Performance Disclosure: Environment –Energy
2015 GRI Environment Performance Data: Energy
8
G4-EN6 Reduction of energy consumption 2015 GRI Performance Disclosure: Environment –Energy
2015 GRI Environment Performance Data: Energy
8, 9
Environmental
G4-EN7 Reductions in energy requirements of products andservices
2015 GRI Performance Disclosure: Environment –Energy
2015 GRI Performance Disclosure: Environment –Greenhouse Gas Emissions
8, 9
Water
G4-EN8 Total water withdrawal by source 2015 GRI Performance Disclosure: Environment –Water
2015 GRI Environment Performance Data: Water
7, 8
G4-EN9 Water sources significantly affected by withdrawal ofwater
PotashCorp is not aware of any of our operationssignificantly affecting any ecosystems, habitats orsources of water
8
G4-EN10 Percentage and total volume of water recycled andreused
2015 GRI Performance Disclosure: Environment –Water
2015 GRI Environment Performance Data: Water
2015 Annual Integrated Report: SH&E Excellence
8
Biodiversity
G4-EN11 Operational sites owned, leased, managed in, oradjacent to protected areas and areas of highbiodiversity value outside protected areas
2015 10-K, Pages 3,7,8
2015 GRI Performance Disclosure: Environment –Biodiversity
8
G4-EN12 Significant impacts of activities, products, andservices on biodiversity in protected areas and areasof high biodiversity value outside protected areas
2015 10-K, Pages 15-17
2015 GRI Performance Disclosure: Environment –Biodiversity
8
G4-EN13 Habitats protected or restored 2015 Annual Integrated Report: SH&E Excellence
2015 GRI Performance Disclosure: Environment –Biodiversity
8
G4-EN14 Total number of IUCN red list species and nationalconservation list species with habitats in areasaffected by operations, by level of extinction risk
2015 GRI Performance Disclosure: Environment –Biodiversity
8
Emissions
G4-EN15 Direct Greenhouse Gas Emissions 2015 Annual Integrated Report: Non-FinancialPerformance
2015 GRI Performance Disclosure: Environment –Greenhouse Gas Emissions
2015 GRI Environment Performance Data: Emissions
7, 8
G4-EN16 Indirect Greenhouse Gas Emissions 2015 GRI Performance Disclosure: Environment –Greenhouse Gas Emissions
2015 GRI Environment Performance Data: Emissions
7, 8
G4-EN17 Other Indirect Greenhouse Gas Emissions PotashCorp does not track other indirect GHGemissions
7, 8
G4-EN18 Greenhouse Gas Emissions Intensity 2015 GRI Environment Performance Data: Emissions 8
G4-EN19 Reduction of Greenhouse Gas Emissions 2015 Annual Integrated Report: Strategic Priorities andTargets – SH&E Excellence
8, 9
G4-EN20 Emissions of ozone-depleting substances 2015 GRI Performance Disclosure: Environment – 7, 8
Emissions of Ozone-Depleting Substances
G4-EN21 NOx, SOx and other significant air emissions 2015 GRI Performance Disclosure: NOx, SOx, andOther Significant Air Emissions
2015 GRI Environment Performance Data: Emissions
7, 8
Effluents and Waste
G4-EN22 Total water discharge by quality and destination 2015 GRI Performance Disclosure: Environment –Discharges to Surface Water
2015 GRI Environment Performance Data: Water
8
G4-EN23 Total weight of waste by type and disposal method 2015 GRI Performance Disclosure: Environment –Waste
2015 GRI Environment Performance Data: Waste
8
G4-EN24 Total number and volume of significant spills 2015 Annual Integrated Report: Non-FinancialPerformance
2015 GRI Environment Performance Data: Compliance
8
G4-EN25 Weight of transported, imported, exported or treatedwaste deemed hazardous under the terms of the BaselConvention Annex I, II, III and VIII
PotashCorp is in compliance with the BaselConvention Annex I, II, III and VIII.
8
G4-EN26 Identify, size, protected status and biodiversity valueof water bodies and related habitats significantlyaffected by the organization's discharges of water andrunoff
2015 10-K: Environmental Matters, Pages 15-16 8
Products and Services
G4-EN27 Extent of impact mitigation of environmental impactsof products and services
2015 10-K: Environmental Matters, Pages 15-16
2015 Annual Integrated Report: Strategic Priorities andTargets – SH&E Excellence
7, 8, 9
G4-EN28 Percentage of products sold and their packagingmaterials that are reclaimed
Not Applicable 8
Compliance
G4-EN29 Monetary value of significant fines and total number ofnon-monetary sanctions for non-compliance withenvironmental laws and regulations
2015 GRI Performance Disclosure: Environment –Compliance
2015 GRI Environment Performance Data: Compliance
8
Transport
G4-EN30 Significant environmental impacts of transportingproducts and other goods and materials for theorganization's operations
2015 GRI Performance Disclosure: Environment –Transport
2015 GRI Environment Performance Data: Compliance
8
Overall
G4-EN31 Total environmental protection expenditures 2015 GRI Environment Performance Data:Environmental Costs
7, 8, 9
Supplier Environmental Assessment
G4-EN32 Percentage of new suppliers that were screened usingenvironmental criteria
Procurement 8
G4-EN33 Significant actual and potential negative environmentalimpacts in the supply chain and actions taken
Procurement 8
Environmental Grievance Mechanisms
G4-EN34 Number of grievances about environmental impactsfiled, addressed, and resolved through formalgrievance mechanisms
PotashCorp does not report this information externally 8
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Employment
G4-LA1 Total number and rates of new employee hires andemployee turnover
2015 GRI Performance Disclosure: Labor –Employment
2015 GRI Social Performance Data: Workforce andEmployee Relations
6
G4-LA2 Benefits provided to full-time employee that are notprovided to temporary or part-time employees
2015 GRI Performance Disclosure: Labor –Employment Benefits
G4-LA3 Return to work rates after parental leave PotashCorp does not track return to work rates afterparental leave
6
Labor/Management Relations
G4-LA4 Minimum notice periods regarding operational changes 2015 GRI Performance Disclosure: Labor –Labor/Management Relations
3
Occupational Health and Safety
G4-LA5 Percentage of total workforce represented in formaljoint management-worker health and safetycommittees that help monitor and advise onoccupational health and safety programs
2015 GRI Performance Disclosure: Labor –Occupational Health and Safety
2015 GRI Social Performance Data: UnionMembership
G4-LA6 Type of injury and rates of injury, occupationaldiseases, lost days, and absenteeism, and totalnumber of work-related fatalities, by region and bygender
2015 GRI Performance Disclosure: Labor –Occupational Health and Safety
2015 GRI Social Performance Data: Health and Safety
G4-LA7 Workers with high incidence or high risk of diseasesrelated to their occupation
2015 GRI Performance Disclosure: Labor –Occupational Health and Safety
G4-LA8 Health and safety topics covered in formal agreementswith trade unions
2015 GRI Performance Disclosure: Labor –Occupational Health and Safety
Training and Education
G4-LA9 Average hours of training per year per employee bygender and by employee category
2015 GRI Social Performance Data: EmployeeRelations
6
G4-LA10 Programs for skills management and life long learning 2015 GRI Performance Disclosure: Labor – Trainingand Education
2015 GRI Social Performance Data: TuitionReimbursement
G4-LA11 Percentage of employees receiving regular 2015 GRI Performance Disclosure: Labor – Training 6
Social: Labor Practices and Decent Work
performance and career development reviews and Education
Diversity and Equal Opportunity
G4-LA12 Composition of governance bodies and breakdown ofemployees per employee category
2015 GRI Social Performance Data: Diversity 6
Equal Remuneration For Women and Men
G4-LA13 Ration of basic salary and remuneration of women tomen by employment category
PotashCorp does not report this information externally 6
Supplier Assessment For Labor Practice
G4-LA14 Percentage of new suppliers that were screened usinglabor practices criteria
2015 GRI Social Performance Data: Governance
Procurement
G4-LA15 Significant actual and potential negative impacts forlabor practices in the supply chain and actions taken
Procurement
Labor Practices Grievance Mechanism
G4-LA16 Number of grievances about labor practices filed,addressed and resolved through formal grievancemechanisms
2015 GRI Performance Disclosure: Labor – LaborPractice Grievance Mechanisms
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Investment
G4-HR1 Total number and percentage of significant investmentagreements and contracts that include human rightsclauses or that underwent human rights screening
Not Available 2
G4-HR2 Total hours of employee training on human rightspolicies or procedures concerning aspects of humanrights that are relevant to operations, including thepercentage of employees trained
2015 GRI Performance Disclosure: Human Rights –Human Rights Training and Security Practices
2015 GRI Social Performance Data: Governance
1
Non-Discrimination
G4-HR3 Total number of incidents of discrimination andcorrective action taken
2015 GRI Performance Disclosure: Human Rights –Non-Discrimination
6
Freedom of Association and Collective Bargaining
G4-HR4 Operations and suppliers identified in which the right toexercise freedom of association and collectivebargaining may be violated or at significant risk, andmeasures taken to support these rights
2015 GRI Performance Disclosure: Labor –Labor/Management Relations
3
Child Labor
G4-HR5 Operations and suppliers identified as havingsignificant risk for incidents of child labor, andmeasures taken to contribute to the effective abolitionof child labor
2015 GRI Performance Disclosure: Human Rights –Prevention of Forced, Compulsory or Child Labor
5
Forced or Compulsory Labor
Social: Human Rights
G4-HR6 Operations and suppliers identified as havingsignificant risk for incidents of forced or compulsorylabor, and measures to contribute to the elimination ofall forced or compulsory labor
2015 GRI Performance Disclosure: Human Rights –Prevention of Forced, Compulsory or Child Labor
4
Security Practices
G4-HR7 Percentage of security personnel trained in theorganization's human rights policies or procedures thatare relevant to operations
2015 GRI Performance Disclosure: Human Rights –Human Rights Training and Security Practices
1
Indigenous Rights
G4-HR8 Total number of incidents of violations involving rightsof indigenous peoples and actions taken
2015 GRI Performance Disclosure: Human Rights –Indigenous Rights
1
Assessment
G4-HR9 Total number and percentage of operations that havebeen subject to human rights reviews or impactassessments
2015 GRI Performance Disclosure: Human Rights –Assessment and Remediation
1
Supplier Human Rights Assessment
G4-HR10 Percentage of new suppliers that were screened usinghuman rights criteria
2015 GRI Social Performance Data: Governance 2
G4-HR11 Significant actual and potential negative human rightsimpacts in the supply chain and actions taken
Procurement 2
Human Rights Grievance Mechanisms
G4-HR12 Number of grievances about human rights impactsfiled, addressed, and resolved through formalgrievance mechanisms
2015 GRI Performance Disclosure: Human Rights –Assessment and Remediation
1
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Local Communities
G4-SO1 Percentage of operations with implemented localcommunity engagement, impact assessments, anddevelopment programs
PotashCorp does not report this information externally 1
G4-SO2 Operations with significant actual and potentialnegative impacts on local communities
Not Available 1
Anti-Corruption
G4-SO3 Total number and percentage of operations assessedfor risks related to corruption and the significant risksidentified
2015 GRI Performance Disclosure: Society – Anti-Corruption
10
G4-SO4 Communication and training on anti-corruption policiesand procedures
2015 GRI Performance Disclosure: Society – Anti-Corruption
2015 GRI Social Performance Data: Governance
10
G4-SO5 Confirmed incidents of corruption and actions taken 2015 GRI Performance Disclosure: Society – Anti-Corruption
10
Social: Society
Public Policy
G4-SO6 Total value of political contributions by country 2015 GRI Performance Disclosure: Society – PublicPolicy
2015 GRI Social Performance Data: Governance
10
Anti-competitive Behavior
G4-SO7 Total number of legal actions for anti-competitivebehavior, anti-trust, and monopoly practices
2015 10-K: Legal Proceedings, Page 23
Compliance
G4-SO8 Monetary value of significant fines and total number ofnon-monetary sanctions for non-compliance with lawsand regulations
2015 10-K: Legal Proceedings, Page 23
Supplier Assessment for Impacts on Society
G4-SO9 Percentage of new suppliers screened using criteria forimpacts on society
2015 GRI Social Performance Data: Governance
G4-SO10 Significant actual and potential negative impacts onsociety in the supply chain and actions taken
2015 GRI Social Performance Data: Governance
Grievance Mechanisms for Impacts on Society
G4-SO11 Number of grievances about impacts on society filed,addressed, and resolved through formal grievancemechanisms
PotashCorp does not report this information externally
Specific StandardDisclosures
DisclosureDescription
DisclosureLocation
UNGCPrinciple
Customer Health and Safety
G4-PR1 Percentage of significant product and servicecategories for which health and safety impacts areassessed for improvements
Not Available
G4-PR2 Total number of incidents of non-compliance withregulations and voluntary codes concerning the healthand safety impacts of products and services duringtheir life cycle
2015 GRI Performance Disclosure: ProductResponsibility – Customer Health and Safety
Product and Service Labeling
G4-PR3 Type of product and service information required bythe organization's procedures for product and serviceinformation and labelling, and percentage of significantproduct and service categories subject to suchinformation requirements
2015 GRI Performance Disclosure: ProductResponsibility – Product and Service Labelling
G4-PR4 Total number of incidents of non-compliance withregulations and voluntary codes concerning productand service information and labelling
2015 GRI Performance Disclosure: ProductResponsibility – Customer Health and Safety
2015 GRI Social Performance Data: Governance
G4-PR5 Results of surveys measuring customer satisfaction 2015 Annual Integrated Report: Strategic Priorities &Targets – Customer & Market Development
Marketing Communications
Social: Product Responsibility
G4-PR6 Sale of banned or disputed products None
G4-PR7 Total number of incidents of non-compliance withregulations and voluntary codes concerning marketingcommunications, including advertising, promotion andsponsorship
2015 GRI Performance Disclosure: ProductResponsibility – Customer Health and Safety
Customer Privacy
G4-PR8 Total number of substantiated complaints regardingbreaches of customer privacy and losses of customerdata
2015 GRI Performance Disclosure: ProductResponsibility – Customer Privacy
Compliance
G4-PR9 Monetary value of significant fines for non-compliancewith laws and regulations concerning the provision ofproducts and services
2015 GRI Performance Disclosure: ProductResponsibility – Compliance
2015 10-K: Facility and Product Security, Page 17
Performance Data
This disclosure provides supporting information and discussion of PotashCorp’s 2015 general, social and environmental performance data.
Stakeholder Engagement
(G4 24-27)
At PotashCorp, we approach sustainability in an integrated manner, operating in a way that considers long-term value creation for all our stakeholders: employees,communities, customers, investors and others impacted by our business.
INVESTORS
How we engage:
Host meetings, have regular dialogue, attend and present at conferences and provide tours of operations
Provide extensive web resources and reporting tools that seek to improve understanding of our industry and our company
Conduct an annual survey to understand how shareholders and analysts view the company and other considerations that influence their investment decisions
What matters:
Growing earnings and cash flow while minimizing volatility
Strategic use of capital to enhance shareholder returns
Management of major business and operational risks
CUSTOMERS
How we engage:
Host customer meetings, dialogue regularly and assign individual customer service representatives to address quality and service needs
Produce newsletters and online tools to provide information on fertilizer research and trends
Conduct an annual survey assessing PotashCorp’s performance in the areas of customer service, product quality, market knowledge and competitive pricing
What matters:
Product quality and competitive pricing
Customer service, including reliability and knowledgeable sales representatives
COMMUNITIES
How we engage:
Engage with local officials, community groups and advisory panels to discuss specific issues and host tours and events to improve understanding of our business
Share information about the company, our operations and various other initiatives that impact our communities
Conduct an annual survey to assess the perception of PotashCorp’s performance in the areas of community involvement, business practices and economic impact
What matters:
Economic and social contributions, including jobs, local procurement, taxes and community investment
Safe operations with minimal environmental impact
EMPLOYEES
How we engage:
Encourage cross-functional teams to communicate and share ideas through formal and informal channels.
Provide corporate- and site-specific newsletters and meetings to update employees about operations, safety, community and other important news
Conduct a biennial survey to measure job satisfaction, attitudes toward supervisory relationships, and understanding of PotashCorp’s strategy and how it is connected to the
employee’s role
What matters:
Safe work environment
Career growth and development opportunities
Competitive compensation
General
Materials
(G4 EN1, EN2)
Environment
Our potash products are produced by processing raw potash ore mined from underground deposits. The amount of ore processed depends on the level of finishedproduction, ore composition and milling recovery rates. In 2015, moderately higher potash production levels resulted in an 8 percent increase in mined potash orecompared to 2014.
In our phosphate business, phosphate rock is mined predominately from underground deposits at our White Springs and Aurora operations. We also utilize other rawmaterials in the production of finished phosphate products. Sulfur is used to make sulfuric acid and is required in all our phosphate products. Limestone is consumed toproduce monocalcium phosphate (monocal) and dicalcium phosphate (dical). It is mined at our Weeping Water plant in Nebraska and is also purchased from otherlocations. The amount of each material used is largely based on production levels for each of the finished products. While phosphate rock production increased 9 percent,there were no significant changes in phosphoric acid (P O ) and phosphate feed production in 2015 compared to 2014.
Natural gas is used in production processes at all of our facilities, and as a feedstock in ammonia that is used in certain phosphate fertilizer products. However, themajority (94 percent in 2015) of our usage occurs in our nitrogen segment. Marginally lower nitrogen production levels in 2015 resulted in a 6 percent decrease in naturalgas consumption from 2014.
Most of our raw materials are mined or are basic manufactured products, which limits our use of recycled materials. An exception is recovered sulfur used in phosphoricacid production. Recovered sulfur is produced in connection with oil refining and natural gas production. All our processes are engineered to reuse and recover as much in-process material as is reasonably possible in making our final products.
Energy
(G4 EN3-EN6)
PotashCorp uses energy in mine and milling processes, in chemical and manufacturing operations, and in on-site transportation. In 2015 our operations consumed energyfrom outside sources by burning fossil fuels (39 percent), by reforming natural gas to make ammonia (54 percent) and by purchasing electricity (7 percent). Direct energyuse decreased by 2 percent year-over-year in 2015, with relatively flat potash and nitrogen production.
We recover heat that would otherwise be wasted and convert it into steam, which is used to directly drive our processes or to produce electricity (cogeneration). In 2015,the total waste heat reused was 66,000 TJs or 27 percent of all the energy used to run our processes, a 2 percent decrease year-over-year due to marginally lower nitrogenand phosphate production levels.
Examples of Cogeneration and Waste Heat Recovery
White Springs This Florida phosphate operation has 19 MW of cogeneration capacity. It usesexcess heat from operations to generate enough electricity and steam to supplynearly all its chemical manufacturing operations.
Aurora This North Carolina facility has 54 MW of cogeneration capacity.
Augusta A gas turbine from this Georgia plant produces mechanical power equivalent to19 MW. Heat from the gas turbine is recovered for internal steam and processuse.
Trinidad A generator with 17 MW capacity produces all the electricity needs for thenewest ammonia plant at this facility. The generator is driven by excess heatfrom the ammonia plants.
Cory This Saskatchewan potash plant takes steam from a nearby cogeneration plant(SaskEnergy/Atco joint venture) that produces electricity and steam. Thepurchased steam replaces a less efficient direct-fired boiler.
Patience Lake This potash plant in Saskatchewan recovers heat from the recovery brinepumped from the mine, reducing fuel usage.
Lima This Ohio nitrogen plant uses a gas turbine driver to recover the equivalent of 9MW of electrical power. Excess heat energy from exhaust gases is recovered inthe ammonia-reforming process.
Geismar This Louisiana facility recovers heat from the sulfuric acid operations and usesit to help run its other processes. It also provides steam to another company.
Our Aurora, White Springs and Trinidad operations generate electricity by recapturing heat from their production processes and use it to generate steam to conserveenergy.
Indirect energy usage is the energy consumed at the electricity provider to produce the electricity we purchase. In 2015, indirect energy usage was flat mainly due torelatively flat production levels.
Water
2 5
(G4 EN8, EN10)
Our operations withdraw fresh water from rivers, aquifers and municipalities. The water we withdrew for our phosphate operations accounted for 53 percent of our company-wide usage in 2015. To minimize water loss, most of our phosphate facilities recycle process water in a closed loop. Our company-wide water recycling rate was 91percent in 2015.
Our company-wide fresh water use per tonne of product was relatively flat in 2015 compared to 2014. While our water usage per tonne was mainly unchanged in 2015, webelieve we are on track to reduce water consumption per tonne of phosphate product by 10 percent by 2018, compared to 2014 levels by implementing the Eagle Creekwater recycling project at our White Springs facility.
Biodiversity
(G4 EN11-EN14)
Phosphate mining causes our largest land impacts, including on wetlands at Aurora and White Springs. PotashCorp’s permits and agreements with federal, state and localauthorities often require us to preserve sensitive lands from impacts by mining, to enhance or restore lands and to grant conservation easements, conduct off-sitemitigation and make defined contributions for acquisition of environmentally sensitive lands in the regions.
Our mining permits require mitigation of all wetlands disturbed by our mining operations. Most of the mitigation is achieved by restoration or re-creation, although some hasbeen completed by preservation.
As part of land reclamation, PotashCorp plants over 550,000 trees annually at its White Springs site. That number can rise during peak phases of the reclamation process.At Aurora, we mitigated two acres of restored wetland for every acre of wetland disturbed in order to reduce our temporal impact on the land. At White Springs, the ratio ofrestored wetland to wetland disturbed has varied over time and type of mitigation.
We strive to maintain a healthy environment and to promote natural biodiversity at and near our mining operations. We try to understand, avoid, minimize and mitigatebiodiversity impacts throughout the life cycle of our operations. We believe that biodiversity is promoted by enhancing or preserving habitat near our mine sites, whichminimizes negative impacts on the surrounding lands and water.
PotashCorp’s approach to biodiversity is shaped by two reinforcing considerations:
Our Safety, Health and Environment (SHE) policy commits the company to minimize impacts on biodiversity;
Committed to meeting all federal, state/provincial and local regulatory requirements which often include biodiversity considerations in the permitting process.
Mining is a highly regulated industry. It starts with a mining permit, which requires the preparation of an extensive environmental impact statement that explains how wewill avoid or mitigate impact on plant and animal species. Public involvement is a part of the permitting process.
PotashCorp studies, promotes and monitors the biodiversity around our mine sites. In Saskatchewan, operations have had little impact on biodiversity other than inapproved tailings management areas. Plants and animals are varied and landscapes range from mixed grassland (Allan) to aspen grove vegetation (Rocanville).
We monitor the condition of surface and groundwater at our Canadian locations. When we lease property at our Saskatchewan potash sites to farmers, we typically requiredetailed lease agreements to ensure that environmentally safe farming practices are followed.
We work with partners to enhance biodiversity and support Ducks Unlimited in Canada. We actively support government initiatives to promote biodiversity. We participatein the Province of Saskatchewan’s Representative Area Network, a program within the Saskatchewan Biodiversity Action Plan designed to preserve provincialecosystems.
PotashCorp is unaware of any International Union for Conservation of Nature (IUCN) Red List species in areas affected by our operations. In Saskatchewan, nine at-riskwildlife species have breeding ranges that overlap with project areas: piping plover and burrowing owl (endangered); loggerhead shrike and Sprague’s pipit (threatened);yellow rail, long-billed curlew, short-eared owl, northern leopard frog and Monarch butterfly (species of concern). We have mitigated the impacts our operations have had ontheir habitats.
The area near our White Springs plant in Florida is home to species listed by federal or state authorities as endangered, threatened or of special concern. Potential impactshave been comprehensively evaluated for the project area. Wildlife agencies have determined that operations would have no impact on those species, or that impactscould be mitigated by minimizing operations in sensitive habitats, creating new habitats for relocation and raising awareness of potential impacts among workers.
Direct and indirect greenhouse gas emissions
(G4 EN15, EN16, EN19)
Each year, our nitrogen operations are responsible for over 80 percent of the company’s greenhouse gas (GHG) emissions, mainly from ammonia and nitric acidmanufacturing operations. An ammonia plant emits CO in two ways: by burning fuel and as a byproduct of production. Some of the CO that is made is sold as a product,and some is used to make urea, but the remainder is vented as process CO .
CO combustion emissions remained relatively flat compared to 2014, while process CO emissions decreased by 17 percent from 2014, as more CO was sold asproduct instead of being vented to the atmosphere. Almost all the nitrous oxide emitted by our facilities comes from our nitric acid plants, and these emissions decreasedby 30 percent because we emitted less nitrous oxide per tonne of product at Geismar and Lima as determined by annual stack testing. Methane emissions were flat year-over-year.
Company-wide GHG emissions decreased by 11 percent in 2015 compared to 2014, mainly related to decreases in our nitrogen segment. In 2015 we lowered GHGemissions per tonne of nitrogen product by 9 percent compared to 2014 mainly due to more CO product sales and a lower emission factor for our nitric acid plants asdetermined by annual stack tests. We continue to be on track to meet our target to reduce GHG emissions per tonne of nitrogen product by 5 percent by 2018, comparedto 2014 levels.
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2
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Indirect GHG emissions are the result of net electricity that is purchased. Three of our facilities (Aurora, White Springs and Trinidad) sell electricity back to the grid eventhough they are net consumers of electricity.
Emissions of ozone-depleting substances
(G4 EN20)
PotashCorp does not produce ozone-depleting substances. The company uses small amounts of chlorofluorocarbons in refrigeration and cooling systems. This substanceis phased out when systems are upgraded.
NOx, SOx and other significant air emissions
(G4 EN21)
More than 75 percent of our nitrogen oxide and carbon monoxide emissions in 2015 came from our nitrogen operations. Most of these emissions are from our nitric acidand ammonia plants. In 2015, company-wide nitrogen oxides decreased by 4 percent and carbon monoxide levels remained relatively flat.
The majority of particulate emissions come from material handling and dust from roads in our phosphate segment; these increased 8 percent in 2015 compared to 2014.
Almost all sulfur dioxide emissions are from the sulfuric acid plants in our phosphate segment. These decreased by 25 percent in 2015 due to the shutdown of the sulfuricacid plant at our Geismar facility.
More than 60 percent of the company’s volatile organic compounds (VOCs) are generated in our nitrogen segment from ammonia plants. Our potash operations account forapproximately 30 percent, mainly from the use of flotation oil and alcohol-based frothers. In 2015, VOC emissions decreased by 11 percent compared to 2014 levels,mainly due to lower emissions at our Lima facility, which resulted from lower ammonia production and the installation of new process equipment that reduces emissionsfrom the ammonia plant.
About 90 percent of ammonia emissions are from nitrogen, and they vary each year based on the volume and mix of products produced. Reported emissions decreased by12 percent year-over-year in 2015 as a result of lower ammonia production and the installation of process equipment that reduces ammonia emissions at our Lima facility.
All fluoride emissions are from phosphate and vary based on concentrations from emission testing and production rates. Hydrogen sulfide emissions are solely fromphosphate operations and decreased 17 percent compared to 2014 levels due to lower stack test results at our Aurora facility. Likewise, sulfuric acid mist emissions aregenerated at our phosphate operations and vary each year based on stack test results and production rates.
Discharges to Surface Water
(G4 EN22)
Salt as brine is discharged from our New Brunswick (indefinitely suspended in January 2016) and Cassidy Lake sites. The amount of brine discharged in 2015 did notchange from 2014 levels.
Nitrogen compounds are discharged from our nitrogen facilities and at our phosphate operations in Aurora and White Springs, all in accordance with our permits. Generally,more nitrogen is discharged with more precipitation. In 2015, company-wide nitrogen discharges remained relatively the same.
Most of our fluoride and phosphate discharges are at our Geismar phosphate operation. Less water was discharged from the inactive gypsum stacks, which decreasedfluoride discharges by 6 percent while phosphate discharges remained unchanged from 2015 levels.
Waste
(G4 EN23)
Gypsum is generated when phosphate is extracted from phosphate ore; the amount is a function of phosphate production rates. Slightly lower production of finishedphosphate products and an improved calculation of gypsum products resulted in a 7 percent decrease in gypsum tonnes from 2014 levels.
Coarse tailings, comprised primarily of coarse salt and other insolubles, are a byproduct of potash mining. In 2015, year-over-year, coarse tailings to storage increased by7 percent.
Fine tailings (fine salts and other insolubles) also result from potash mining. The quantity generated increased 7 percent year-over-year in 2015.
Waste salt and other insolubles to mine are byproducts from potash mining in New Brunswick that are returned to the mine as backfill. The quantity is a function ofproduction rates and the composition of the ore at this mine. Waste salt and other insolubles to mine increased by 31 percent largely due to lower ore quality mined in2015.
Salt as brine to injection wells results from potash mining. The quantity varies at each mining location based on precipitation and how the plant manages water levels in itsponds. The amount increased by 6 percent year-over-year.
Non-mining solid waste decreased year-over-year by 51 percent, mainly due to demolition at our Aurora and Cassidy Lake facilities in 2014, which did not recur in 2015.Non-mining recycled material remained flat compared to 2014.
Hazardous waste varies from year to year based on renovations and process maintenance. Hazardous waste increased by 10 percent in 2015, though it was still less thanthe previous four-year average.
Compliance
(G4 EN29)
No environmental fines were paid in 2015.
Transport
(G4 EN30)
Deviations from the U.S. Federal Railroad Administration code for railcars carrying hazardous materials and spill are considered transportation events. We had 38transportation events and did not pay any transportation fines in 2015.
Employment
(G4 LA1)
At the end of 2015, PotashCorp employed 5,395 people at its Canadian, U.S. and Trinidad operations. In addition to our permanent workforce, we employed 1,022temporary or contract workers with the majority (approximately 64 percent) at our nitrogen operations. Overall employment increased by 259 employees in 2015, howeverthe Canadian workforce numbers will be impacted beginning in 2016 due to the indefinite suspension of our Picadilly, New Brunswick potash operations. This resulted in aworkforce reduction of approximately 420–430 people. With an aim to minimize the impact on employees, more than 100 open positions at our Saskatchewan operationswere made available for New Brunswick employees, with relocation assistance provided.
Amid a challenging macroeconomic backdrop, the suspension of our New Brunswick operations helps position the company to:
optimize production to our lower-cost potash operations;
realize meaningful capital savings;
maintain long-term operational flexibility; and
preserve jobs across the company over the long term.
In 2015, the number of employees exiting the company returned to a more normal rate compared to 2014. Company-wide employee turnover, which includes voluntary andinvoluntary terminations as well as retirements, was 6 percent in 2015, down from 19 percent in 2014, which was due to a need to reduce workforce levels to protect thelong-term sustainability of the company. Excluding retirements, the turnover rate was 4 percent in 2015 compared to 12 percent in 2014.
We refined our employee engagement strategy in 2015, and will increase our focus on improving organizational and talent development through better performancemeasurement, succession planning, training, and diversity. We believe these steps will help us retain a world-class workforce and make PotashCorp an even better placeto work.
Employment benefits
(G4 LA2)
Benefits to our full-time workers in Canada and the U.S. include: health care, life insurance, accidental death and dismemberment (AD&D) insurance, disability coverage,pension plans, maternity and parental leave, a savings plan, a short-term incentive plan and stock ownership through the company’s savings plans. Temporary employeesin Canada qualify for life insurance, health care, AD&D insurance and maternity and parental leave, as long as they meet the required hours in accordance withgovernment standards and regulations.
Employee Benefits in the US and Canada
Type of benefit Standard for majority of full-time employees? Provided to temporary employees?
Canada US Canada US
Health Care Yes Yes Yes** No
Life insurance Yes Yes Yes** No
AD&D insurance Yes Yes Yes** No
Disability coverage Yes Yes No No
Pension plan Yes Yes No Yes**
Savings plan Yes Yes No Yes**
Maternity leave Yes Yes Yes** Yes**
Social: Labor
Source: PotashCorp Through options program (for eligible participants) and/or ability to purchase shares via the savings plan.Provided the employee meets required hours per government standards and regulations.
Parental leave Yes Yes Yes** Yes**
Short-Term Incentive Plan Yes Yes No No
Stock ownership Yes* Yes* No Yes*
PotashCorp does not track return-to-work or retention rates after parental leave. Our US Human Resources departments track data on employee leaves associated solelywith the U.S. Family and Medical Leave Act (FMLA), which can be taken for reasons other than having a child.
Labor/management relations
(G4 LA4, HR4)
PotashCorp acknowledges and respects workers’ rights to enter into collective bargaining relationships. The company negotiates collective bargaining agreements withlabor organizations representing employees at eight of our facilities. Topics negotiated include wages, work schedules and overtime, pension and employee benefits plans,health and safety topics, contracting out and use of temporary supervisors.
The following table sets forth the plant locations where we have such agreements and their respective expiry dates. New collective bargaining agreements at our Allan,Cory, Lanigan and Patience Lake sites were signed in 2015. The Rocanville collective agreement expired on May 31, 2015 and negotiations are under way with the union.
Plant Location Collective� Agreement Expiry Date
Allan, Saskatchewan April 30, 2019
Cory, Saskatchewan April 30, 2019
Patience Lake, Saskatchewan April 30, 2019
Lanigan, Saskatchewan January 31, 2018
Rocanville, Saskatchewan May 31, 2015
Cincinnati, Ohio November 1, 2019
Lima, Ohio November 1, 2017
White Springs, Florida December 10, 2018
In Canada, collective agreements and provincial labor legislation require minimum notice of one to eight weeks for layoffs, usually depending on the employee’s length ofemployment and/or the duration of the layoff.
In the US, the required notice period is 60 days in cases that involve a layoff or plant closing, which triggers the Workers Adjustment and Retraining Notification Act(WARN Act). Prior to temporary layoff, PotashCorp advises employees and/or their elected union representatives and, in the U.S., the applicable state’s dislocated workerunit. Collective agreement language may require negotiation between the parties over the terms and conditions of a layoff or plant closing.
Divestitures and Layoffs
Notification for Unionized Employees
US Canada Trinidad
Minimum number of weeks noticetypically provided to employees andtheir elected representatives
2-8 weeks 1-8 weeks N/A
Employees and/or their elected Yes Yes N/A
*
**
Source: PotashCorp In addition to notice language in one of the U.S. collective agreements, federal labor law provisions regarding plant closures and/or large workforce reductions also
govern these actions, such as the WARN Act (60-day notice or pay in lieu of notice).
representatives have the opportunityto seek consultation or engage indiscussion about these changesduring the notice period
The notice period and/or provisionsfor consultation are specified incollective agreements
Yes* Yes N/A
PotashCorp provides transitional assistance to support employees who retire or are terminated. The approach varies among countries.
Transition Assistance Programs
Program Program Is Provided
Canada US Trinidad
Source: PotashCorp
Pre-retirement planning for intendedretirees
Yes Yes Yes
Retraining No No No
Job placement services Sometimes Sometimes As required
Severance pay Sometimes Sometimes Covered by other benefit plans
Occupational health and safety
(G4 LA5-LA8)
Our safety, health and environmental (SHE) management system prescribes a specific, timely reporting requirement for SHE events. We comply with the InternationalLabor Organization’s Code of Practice on Recording and Notification of Occupational Accidents and Diseases. We also follow reporting and notification requirements ofCanada, the U.S. and Trinidad.
Worker/management committees
Joint health and safety committees represent the potash workforce, as required by provincial laws. The nitrogen and phosphate workforces have voluntarymanagement/worker committees to address health and safety concerns. Committees are managed at each facility.
We support and encourage a safety model that empowers employees to take an active role in promoting safety, conducting peer-on-peer observations and providingfeedback. Employees also participate in incident investigations to help determine root causes so that effective corrective actions can be developed to prevent recurrence.
Health and safety topics covered in collective agreements
PotashCorp is committed to protecting the health and safety of all its employees, contractors, customers and communities, in line with our Core Value of “no harm topeople.”
Saskatchewan collective agreements and Occupational Health and Safety (OHS) regulations require the presence of joint safety committees. Collective agreements coverthe OHS regulations as they relate to our industry, including personal protective equipment, training and safety inspections made by our joint committees. U.S. collectiveagreements also cover health and safety topics related to personal protective equipment and safety regulations.
PotashCorp management regularly reviews recommendations from safety committees to create and adjust our safety strategy and approach.
Serious disease prevention
Employees with a chronic or life-threatening illness are treated the same way as other employees, provided they perform the duties of their positions and their healthconditions are not a hazard to themselves or others. Discriminatory acts by employees against workers with a chronic or life-threatening illness are unacceptable, and theoffenders may be subject to disciplinary action up to and including termination.
PotashCorp complies with applicable privacy laws by treating all employee medical information as confidential. Without medical evidence to the contrary, we do not believethat the presence of an employee with a chronic or life-threatening illness, including HIV/AIDS, poses a workplace hazard. Such employees will not be subject to different
*
or unusual treatment, unless those actions are medically necessary to protect their safety or the safety of others. Our Trinidad operation has an HIV/AIDS program thatprovides education and training, counseling, prevention and risk control for workers.
Employee and Family Assistance Programs are in place for our employees and their families, providing a range of services at no cost to the employee.
Programs to Reduce Incidence of Serious Diseases
Program Canada US Trinidad
Source: PotashCorp� Serious diseases include diabetes, heart disease, cancer and HIV-AIDS
Education and training for workers Yes Yes Yes
Education and training for workerfamilies
Yes Yes Yes
Counseling for workers Yes Yes Yes
Counseling for worker families Yes Yes Yes
Measures to limit exposure to andtransmission of disease amongworkers
Yes Yes Yes
Measures to limit exposure to andtransmission of disease amongfamilies
No No No
Treatment provided to workers Yes Yes Yes
Treatment provided to families Yes Yes Yes
Community programs No No No
Training and education
(G4 LA9-LA11)
With a newly established Organization and Talent Development Department, progress has been made in the alignment of training throughout our operations. Specifichighlights include:
a global learning management system was acquired and implemented across our organization;
a learning content management system was fully implemented, allowing our sites to share training materials and create alignment; and
leadership development continued to be a key focus in 2015, with more than 800 employees participating in formal leadership development training.
PotashCorp provides employee training and education assistance as part of the company’s goal to attract and retain quality employees. Opportunities to upgrade skillsinclude internal and external training and tuition assistance for college-level or higher degrees, when employees pursue degrees on their own time with the company’ssupport.
We have a standardized performance appraisal process that all supervisors are encouraged to conduct with each of their salaried employees. In 2015, revised employeeperformance evaluation communications and resources were implemented to bring consistency to performance reviews to provide a greater focus on providing qualitativeand ongoing feedback and increase focus on goal-setting. Hourly employees may be subject to performance appraisals depending on their site and union status. Furtherenhancements will occur in 2016.
Labor practice grievance mechanisms
(G4 LA16)
PotashCorp has procedures and mechanisms in place for handling employee grievances and complaints. For unionized employees, collective agreements in conjunctionwith labor legislation outline the process for filing, investigating and resolving grievances. For non-unionized employees, employee handbooks provide guidance andprocedures for raising formal complaints. Employees are encouraged to bring issues forward to their immediate supervisor or Human Resource department for resolutionbefore they file formal complaints. For employees who may feel uncomfortable making a direct complaint, PotashCorp offers an anonymous complaint hotline, theCompliance Line, which is available 24 hours a day.
Internally, our Human Resources teams track the number, type and actions taken to resolve grievances and complaints, but we do not report on this externally.
*
*
Human rights training and security practices
(G4 HR2, HR7)
As part of the orientation process, new employees are provided with training on PotashCorp policies, including respect in the workplace and non-discrimination and ourCore Values and Code of Conduct
All employees receive training and certification on our Core Values and Code of Conduct annually. As part of our strategy to increase engagement with First Nations andMétis people, we provide Aboriginal awareness training to all Saskatchewan employees, which helps give them a greater understanding of Aboriginal culture and fostersopenness.
Our security personnel include both contractors and employees. Contract security firms provide their employees with security training. Training for PotashCorp securitypersonnel is provided by the company or an outside security firm. Training is reviewed during each facility’s annual security audit.
Non-discrimination
(G4 HR3)
Our Respect in the Workplace policy commits us to providing a work environment free of discrimination, including harassment. It forbids any unwelcome conduct that isbased on an individual’s race, color, religion, gender, national origin, age, disability, ancestry, medical condition, marital status, veteran status, citizenship status, sexualorientation or any other protected status. The policy covers actions by any employee, supervisor, officer, director, vendor, customer or agent of PotashCorp. Our CoreValues and Code of Conduct prohibit any discriminatory activity, and our Social Media Policy prohibits employees from posting discriminatory communications online.
There were no judicial or administrative findings of discrimination made against us on the grounds of race, color, national origin, gender, sexual orientation, marital or familystatus, age, disability, religion or other protected categories in 2015.
Prevention of forced, compulsory or child labor
(G4 HR5, HR6)
PotashCorp adheres to all labor laws in the countries where we operate, including fair pay, hours of work, minimum age requirements and working conditions. Our supplierpolicy outlines PotashCorp’s expectations and requirements of compliance with all labor laws in the countries within which they operate.
We are not aware of any incidents where any of our key suppliers have had a significant risk for incidents of forced or compulsory labor.
Indigenous rights
(G4 HR8)
We have no specific policy on indigenous relations although we have developed an Aboriginal engagement strategy with Aboriginal communities in Canada to build anunderstanding of mutual needs. We have initiated outreach programs to strengthen our profile as an employer of choice for qualified Aboriginal candidates. A new diversityand inclusion policy is being developed and expected to be implemented in 2016.
Our Aboriginal strategy outlines our commitment to developing relationships with Aboriginal communities in Saskatchewan and New Brunswick through education,employment, supplier initiatives and community investment activities. Priorities include:
Aboriginal awareness training — Given to all Saskatchewan employees, this training is designed to create a positive, inclusive work environment for First Nations and Métis
people;
Community relationship building — Engage in dialogue and strategic partnerships that will enhance communications and build trust with First Nations and Métis communities;
Recruitment — Raise awareness about PotashCorp career opportunities within Aboriginal communities and help educate people to take advantage of these opportunities —
through facility tours, career fairs and joint programs with Saskatchewan institutions of higher learning and community organizations;
Procurement — Develop long-term potash industry suppliers within Aboriginal communities by offering support and skill-building opportunities to promising Saskatchewan-area
entrepreneurs.
There were no significant incidents of violations by the company involving the rights of Indigenous People in 2015.
Assessment and remediation
(G4 HR9, HR12)
To our knowledge, no grievances related to human rights were filed by employees in 2015.
Social: Human Rights
Anti-corruption
(G4 SO3-SO5)
Good governance is essential for laying the foundation of how our company conducts business. Our policies, procedures and practices apply to everyone working atPotashCorp and include anti-corruption, antitrust and other policies that ensure we conduct business with integrity and respect. Employees with exposure to situations thatmay put themselves or the company at risk receive training and education on our policies and procedures. In 2015, the company provided 4,625 hours of training in the
Social: Society
areas of business ethics and compliance.
We will never offer, pay, solicit or accept bribes in any form, directly or indirectly. Employees must reject any demand for, or offer of, any kind of bribe and report itimmediately to management. We provide guidance on giving and accepting gifts and entertainment. Business partners may not act on our behalf contrary to these policies.
We compete vigorously and independently in conducting our business. At all times we maintain independence of judgment and action when producing, pricing and sellingour products. We do not contravene antitrust or competition laws in any of the jurisdictions where we do business.
Our legal department has a formal process for reporting, confirming and tracking violations related to fraud. Each year, it reports to the Board of Directors on the numberand nature of complaints. This report is reviewed by the Board’s audit committee.
The company has a zero tolerance policy for employee corruption. In 2015:
no PotashCorp employee was dismissed or disciplined for corruption;
there were no instances where contracts with business partners were not renewed due to violations related to corruption; and
no fines or non-monetary sanctions were levied against the company for accounting fraud or corruption.
Public policy
(G4 SO6)
Through active trade association memberships, public affairs activities and political engagement, PotashCorp takes a leadership role in many industry discussions. Ourcompany is compliant with all political contributions and lobbyist legislation in the jurisdictions where we do business.
PotashCorp engages with governments directly on matters of critical importance to the company, and when policy and regulatory impacts are specific to our operations.On more general policies and broader regulatory matters, we often engage with governments through industry associations such as The Fertilizer Institute (TFI) in theU.S., Fertilizer Canada (FC), the International Fertilizer Industry Association (IFA) and the International Plant Nutrition Institute (IPNI) for global issues.
In 2015, PotashCorp continued to respond to the US Environmental Protection Agency's initiative to regulate greenhouse gas (GHG) emissions by voluntarily reducingemissions. We quantified our emission reductions using procedures similar to those in the Climate Action Reserve (CAR) program for nitrous oxide abatement at nitric acidplants; however, we have decided not to register those reductions with CAR.
In Canada, we engage with the federal government and the provincial governments of Saskatchewan and New Brunswick, both independently and through industry andbusiness association memberships.
In the U.S., political lobbying takes place through associations at the federal level, and through registered lobbyists in the states of Florida and North Carolina. ThePotashCorp Political Action Committee (PAC), created in 2003, is funded solely by U.S. employees to make specific political contributions at federal, state and locallevels. In 2015, through our PAC, we disbursed $19,500 in political donations – which were made at the federal level and reported to the U.S. Federal ElectionsCommission.
In Trinidad, senior management participates in the Donations Committee and Fundraising Committee of the United Way of Trinidad and Tobago.
We do not make in-kind contributions for political causes at any of our operations.
Customer health and safety
(G4 PR2, PR4, PR7)
Up-to-date information on safety, health, environmental and security hazards and risks related to the use, storage, handling, transport and disposal of our products isavailable to our workforce, customers and others. Safety Data Sheets in Globally Harmonized System (GHS) format, labels and other information are developed andissued to handlers and users in accordance with legislative, regulatory and customer requirements. This material is also distributed as information changes or when, atriennial review occurs. A system exists to identify and proactively monitor existing and pending requirements (regulatory requirements and industry codes).
A system is in place to respond on a 24-hour basis to requests regarding safety, health and environmental emergencies or for information regarding products.
In 2015, there were no significant instances of non-compliance, administrative or judicial sanctions, warnings or fines for regulations concerning:
the health and safety of our products;
product information and labeling; and
marketing communications.
Product and service labeling
(G4 PR3)
We are subject to feed and fertilizer labeling requirements in most jurisdictions where we make or sell products. Product labels are reviewed regularly to ensure theycomply with all laws and regulations.
Customer privacy
(G4 PR8)
Social: Product Responsibility
PotashCorp maintains customer confidentiality except where disclosure is authorized or required by law. We respect the privacy of all individuals for whom we maintainpersonal information. We collect, use and disclose personal information only with the knowledge and permission of the affected person, unless otherwise permitted by locallaws.
Compliance
(G4 PR9)
PotashCorp ensures compliance with product stewardship responsibility policies and practices by following a Code of Customer Commitment, conducting annual customersurveys to measure needs and satisfaction, expressing expectations on product safety and undertaking feed plant certifications.
We had no significant fines concerning the provision and use of products and services in 2015.
Workforce 2011 2012 2013 2014 2015 GRI Indicator
Workforce by country (# ofemployees)
G4-10, G4-LA1
Canada 2,764 3,012 3,165 2,765 2,943
US 2,521 2,350 2,241 1,991 2,064
Trinidad 418 417 381 380 388
Total 5,703 5,779 5,787 5,136 5,395
Workforce by employmentType (%)
G4-10, G4-LA1
Salaried 35 39 35 36 36
Hourly 65 61 65 64 64
Workforce by employmentcategory (% of total)
G4-10, G4-LA1
Managers and supervisors 16.8 16.1 16.4 17.0 16.8
Professionals 9.3 10.0 9.8 10.8 11.5
Technicians 8.5 8.7 8.0 8.4 8.6
Sales workers 0.6 0.5 0.6 0.7 0.6
Administrative and clerical 4.9 4.7 4.4 4.0 3.9
Skilled craft workers 26.3 25.6 25.2 26.5 26.0
Semi-skilled workers 32.9 33.7 35.1 32.1 32.0
Laborers 0.5 0.5 0.3 0.4 0.3
Security officers 0.2 0.2 0.2 0.2 0.2
Workforce by gender (%) G4-10, G4-LA1
Females 8 8 8 8 8
Males 92 92 92 92 92
Union membership (% ofworkforce)
G4-11, G4-LA5
Union membership 38 39 41 37 38
Employee Relations 2011 2012 2013 2014 2015 GRI Indicator
Average employeeturnover rate (%) -including retirements,voluntary and involuntaryterminations
G4-LA1
Canada 6.7 11.5 7.0 17.7 5.2
US 6.3 5.6 8.8 23.5 6.6
Trinidad 5 5.3 7.5 10.0 5.2
Company wide 6.5 8.0 7.7 19.4 5.7
Male employees 6.3 8.2 7.0 19.3 5.6
Female employees 7.3 6.5 12.3 21.2 6.5
Employees < 30 years old 7.5 7.8 9.4 19.0 8.4
Performance Data
Employees 30 - 39 years old 4.7 5.1 7.3 13.7 3.8
Employees 40 – 49 years old 3.1 5.5 5.3 12.2 2.5
Employees 50 - 59 years old 3.6 5.5 3.9 14.7 3.1
Employees > 60 years old 24.3 34.8 26.2 78.7 27.5
Training and education G4-LA9
Average hours of training peremployee
136 129 126 139 141
Tuition reimbursement bycountry ($USD)
G4-LA10
Canada 48,963 62,270 104,759 34,006 95,162
US 56,861 148,027 90,208 132,199 147,125
Trinidad 28,109 23,626 27,426 23,323 25,917
Health and Safety 2011 2012 2013 2014 2015 GRI Indicator
Life-altering injury (#) G4-LA6
Total life altering injuries 1 1 0 1 1
Total site injury frequencyrates (per 200,000 workhours)
G4-LA6
Lost-time injury frequencyrate
0.14 0.10 0.05 0.1 0.10
Recordable injury frequencyrate
1.42 1.29 1.06 1.01 1.01
Severity injury frequencyrate
0.54 0.55 0.40 0.46 0.32
Employee injury frequencyrates (per 200,000 workhours)
G4-LA6
Lost-time injury frequencyrate
0.18 0.16 0.05 0.07 0.10
Recordable injury frequencyrate
1.48 1.60 1.19 1.0 1.06
Severity injury frequencyrate
0.58 0.96 0.51 0.40 0.39
Absenteeism rates (%) G4-LA6
Total absenteeism rate 4.1 4.4 4.1 4.3 4.6
Diversity 2011 2012 2013 2014 2015 GRI Indicator
Board composition (%) G4-LA12
female 23 23 23 31 25
Age 40-49 17 8 0 0 8
Age 50-59 25 31 39 46 50
Age 60-70 58 61 61 54 42
Management composition(% positions held bywomen)
Executive Officers 25 25 22 7 9
Diversity by emloyment G4-LA12
(1)
(2)
(3)
(4)
(5)
(6)
(7)
category (% femaleemployees)
Managers and supervisors 7.7 8 9 10 10
Professionals 22 24 22 24 23
Technicians 4.3 4 5 4 5
Sales workers 20 23 22 24 24
Administrative and clerical 68.7 72 68 63 63
Skilled craft workers 0.7 1 1 1 1
Semi-skilled workers 1.6 2 2 2 2
Laborers 3.2 3 0 5 12
Security officers 10 10 10 20 20
Diversity by age category(% of total)
G4-LA12
Employees < 30 years old 14.8 13.4 13.4 11.5 11.4
Employees 30 - 50 years old 47.8 49.3 50.3 52.7 53.8
Employees > 50 years old 37.4 37.3 36.3 35.8 34.8
Governance 2011 2012 2013 2014 2015 GRI Indicator
Business ethics
Political donations ($ USD) 6,500 34,500 12,500 42,000 19,500 G4-SO6
Human rights
# of hours of employeetraining dedicated to ethicsand compliance
3,021 3,920 398 4,833 4,625 G4-SO4, HR2
% key suppliers screened forcode of conduct or certificateof business principles
67 74 84 93 53 G4-LA14, HR10
Product stewardship
# of incidents of non-compliance with regulationsand voluntary codesconcerning product andservice information andlabelling
0 0 0 0 0 G4-PR2
Notes
(8)
Reimbursement for external training for college-level or higher degrees where employees pursue education on their own time1
Life altering injury - work related injury severe enough to substantially change an employee's normal life function and/or result in the employee being placed on long-term disability, making the employeeunable to perform his or her duties
2
Total lost-time injuries multiplied by 200,000 hours worked divided by actual number of hours worked3
Total recordable injuries multiplied by 200,000 hours worked divided by the actual number of hours worked4
Total lost-time injuries and modified work injuries for every 200,000 hours worked5
Absenteeism rates are for hourly employees at our operations6
Senior management comprises of CEO's direct reports7
Key supplier = (i) large suppliers, defined as suppliers which, in multiple years, represent either the top 20% of site spend or are one of the top 10 suppliers by dollar volume; and/or;(ii) single/sole sourcesuppliers; and/or,(iii) suppliers with unique or hard-to-replace capabilities, including critical component and non-substitutable suppliers
8
Materials 2011 2012 2013 2014 2015 GRI Indicator
Materials mined orconsumed
G4-EN1
Potash ore (million tonnes) 26.1 21.0 24.9 26.3 28.2
Phosphate rock (milliontonnes)
7.3 6.8 7.7 6.4 6.9
Sulfur (million tonnes) 2.1 1.9 2.0 1.7 1.7
Limestone (million tonnes) 0.2 0.2 0.1 0.1 0.2
Natural gas (000 TJ) 152.4 144.3 163.7 168.0 158.2
Energy 2011 2012 2013 2014 2015 GRI Indicator
Direct energy use by type(000 TJ)
G4-EN3
Process gas 89 85 96 101 98
Fossil fuels 65 63 71 72 71
Electricity 12 12 13 13 13
Direct energy use bybusiness segment (% oftotal)
G4-EN3
Potash 7 7 7 8 8
Nitrogen 88 87 88 87 87
Phosphate 5 6 5 5 5
Direct energy use -intensity (GJ/tonne)
G4-EN5
Potash 1.4 1.6 1.6 1.7 1.7
Nitrogen 48.8 50.1 52.4 51 52
Phosphate 3.9 4.7 4.5 5.7 5.2
Indirect engergy use (000TJ)
40.7 40.0 38.5 43.5 43.1 G4-EN4
Waste heat recaptured bybusiness segment (000 TJ
G4-EN6
Potash 2.7 2.4 2.1 2.4 2.3
Nitrogen 43.8 41.2 44.3 45.3 43.7
Phosphate 25.0 22.5 24.0 20.3 20.4
Emissions 2011 2012 2013 2014 2015 GRI Indicator
Direct greenhouse gasemissions (GHG) by type(million tonnes)
G4-EN15
CO combustion 3.5 3.3 3.7 3.7 3.8
CO process 3.1 3.0 3.3 3.4 2.8
Nitrous oxide as COequivalent
2.4 1.3 1.5 1.7 1.2
Performance Data
2
2
2(1)(2)
Methane as CO equivalent 0.03 0.03 0.02 0.02 0.02
Total GHG's as COequivalent
9.0 7.6 8.5 8.8 7.8
Indirect GHG's fromelectricity (million tonnes)
G4-EN16
Company-wide 1.7 1.7 1.8 1.8 1.8
Normalized GHG's bybusiness segment(tonnes/tonne)
G4-EN18
Potash 0.05 0.06 0.06 0.05 0.05
Nitrogen 2.6 2.3 2.4 2.3 2.1
Phosphate 0.4 0.4 0.5 0.5 0.5
Company-wide 2.3 2.0 2.1 2.0 1.8
Criteria air emissions (000tonnes)
G4-EN21
Nitrogen oxides 5.6 5.2 6.4 6.3 6.0
Carbon monoxide 5.0 5.3 6.2 6.2 6.4
Particulates (dust) 4.2 4.2 4.4 6.5 7.0
Sulfur dioxide 13.8 11.1 12.9 11.4 8.5
Other significant airemissions (000 tonnes)
Volatile organic compounds 1.5 1.4 1.8 1.8 1.6
Ammonia 9.3 8.5 8.2 8.4 7.4
Fluride 0.1 0.1 0.1 0.1 0.1
Hydrogen sulfide 0.6 0.5 0.6 0.6 0.5
Sulfuric acid mist 0.2 0.2 0.2 0.2 0.1
Water 2011 2012 2013 2014 2015 GRI Indicator
Total water used foroperations (million m )
G4-EN8
Well water 68 60 54 44 43
River water 23 24 21 21 21
Municipal water 13 13 16 16 16
Recycled water 1004 890 1009 825 824
Fresh water used foroperations per tonne bybusiness segment (milionm /million tonnes)
G4-EN8
Potash 1 1 1 1 1
Nitrogen 8 9 10 9 7
Phosphate 33 33 26 26 26
Company intensity 25 25 18 17 17
Fresh water withdrawn foroperations by businesssegment (%)
Potash 9 9 10 12 13
Nitrogen 21 24 31 33 30
2
2
3
3
Phosphate 70 67 59 55 57
Water recycled by businesssegment (million m
G4-EN10
Potash 55 62 64 62 67
Nitrogen 9 9 7 7 5
Phosphate 941 819 939 760 752
Discharges to surfacewater (000 tonnes)
G4-EN22
Salt as brine to sea 1,722 1,594 1,317 1,398 1397
Nitrogen compounds as N 1 1 1 1 1
Fluride 8 6 17 16 15
Phosphate compounds as P 3 3 6 5 5
Waste 2011 2012 2013 2014 2015 GRI Indicator
Waste or byproducts frommining (million tonnes)
G4-EN23
Gypsum 11.6 10.4 11.0 9.6 8.9
Coarse taillings 10.6 7.8 10.5 10.4 11.1
Fine taillings 1.2 0.9 1.5 1.5 1.6
Waste salt and otherinsolubles to mine
1.8 1.6 1.4 1.3 1.7
Salt as brine to injection wells 5.0 3.0 4.1 4.7 5.0
Non-mining wastes (000tonnes)
Solid waste disposal 49.2 37.3 48.9 81.9 40.2
Solid waste recycled 36.8 25.9 21.0 26.0 25.8
Hazardous waste diposal 3.7 1.0 0.4 1.0 1.1
Compliance 2011 2012 2013 2014 2015 GRI Indicator
Environmental incidentsand fine
G4-EN24, G4-EN29
Reportable quantity releases(RQ's)
5 9 3 8 8
Permit excursions 6 2 2 2 9
Provincial incident reportsand spills
3 8 12 14 7
Fines ($USD) 48,435 10,155 240,146 2,500 –
Transportation events andfines
G4-EN30
Transportation events 30 36 42 43 38
Transportation fines ($USD) 0 2,000 39,700 3400 –
Environmental Costs 2011 2012 2013 2014 2015 GRI Indicator
Environmental operatingcosts by business
G4-EN31
3
(3)
(4)
costs by businesssegment ($millions)
Potash 46 44.7 44.0 41.5 31.8
Nitrogen 17.2 20.3 9.2 12.3 11.8
Phosphate 68 88 82.1 75.5 66.8
Environmental capitalcosts by businesssegment ($millions)
Potash 49.6 51.0 50.6 58.6 78.5
Nitrogen 9.6 25.9 17.9 60 45.4
Phosphate 9.5 4.4 14.6 32.2 39.9
Environmental costs bycategory ($millions)
Environmental monitoring 20.2 21.9 20.7 20.2 19.8
Environmental assessment 2.5 1.9 1.4 1.8 1.3
Restoration of habitat 16.3 7.1 8.3 5.8 5.1
Pollution abatement -operating
54 58.8 59.3 62 51.5
Pollution abatement - capital 45 46.3 47.2 62.4 93.6
Pollution prevention -operating
25.1 28.4 32.0 28.4 20.1
Pollution prevention - capital 19 32.6 30.7 84.7 63.2
Site assessment andremediation - inactive sites
7.2 24.1 5.4 0.9 1.1
Other (administration,training, permits, fines)
10.9 13.3 13.4 13.9 20.4
Total environtmental costs 200.2 234.4 218.4 280.1 276.1
Notes
Definitions
(5)
(5)
Tonnes of CO that would have the same global warming potential as one tonne of a particular greenhouse gas. The CO eq for nitrous oxide and methane is 310 and 21, respectively. For example, 1tonne of N O is 310 tonnes CO eq
12 2
2 2
In 2012, PotashCorp began using the Climate Action Reserve protocol for measuring N2O reductions at our largest nitric acid plant in Geismar, LA. The protocol was applied to historic GHG calulationsat the Geismar plant for 2008-2012 which resulted in restated numbers
2
Spills or deviations from the US Federal Railroad Administration code for railcars carrying hazardous material3
All values reported in $USD unless otherwise noted4
Excludes reclamation and restoration costs at active sites5
Terajoule (TJ) = one trillion joules. One terajoule equals 0.95 Bbtus.Gigajoule (GJ) = one billion joules
Economic Value Generated and Distributed 2011 2012 2013 2014 2015 GRI Indicator
Economic value generated($ millions)
G4-EC1
Net sales 8,219 7,433 6,733 6,506 5,791
Income from financialinvestments
405 426 290 220 173
Proceeds from sale ofassets
- - - - 0
Total economic valuegenerated
8,624 7,859 7,023 6,726 5,964
Economic value distribute
Goods, services andmaterials purchased
4,907 4,885 4,238 3,496 3,308
Employee wages andbenefits
789 742 790 756 646
Payments to providers ofcapital: dividends declaredand interest on debt
391 709 1,263 1,362 1,476
Taxes and royalties 997 654 568 715 654
Community donations andinvestments
21 28 31 26 28
Total economic valuedistributed
7,105 7,018 6,890 6,355 6,112
Total economic valueretained
1,519 841 133 371 -148
Detail
Net sales by businesssegment ($ millions)
Potash 3,739 3,079 2,707 2,537 2,329
Nitrogen 2,168 2,253 2,174 2,308 1,859
Phosphate 2,312 2,101 1,852 1,661 1,603
Payments to providers ofcapital ($ millions)
Interest expense to short-term debtholders
8 5 4 1 4
Interest expense to long-termdebtholders (net of interestcapitalized to property, plantand equipment)
143 101 113 197 198
Dividends declared 240 603 1,146 1,164 1,274
Employee wages andbenefits by country ($millions)
Canada 372 357 411 380 309
US 384 353 345 339 303
Trinidad 32 32 34 37 34
Taxes and royaltiesincurred by country(recovered) ($ millions)
Canada
Income taxes 374 20 -21 -37 12
Performance Data
(1)
(2)
(3)
(4)
(5)
(6)
All other taxes 1 2 1 1 1
Potash profit tax, resourcesurcharge and base paymenttax
144 176 189 252 304
Municipal taxes 25 32 26 25 26
Crown royalties 82 67 52 51 54
Royalties (non-Gov’t) 20 19 15 15 16
US
Income taxes 168 145 187 222 127
All other taxes 26 29 30 25 23
Trinidad & Other
Income taxes 156 163 88 159 89
All other taxes 1 1 1 2 2
Community investment ($millions)
Cash contributions 18 25 29 23 26
Matching gift contributions 2 2 1 2 1
In-Kind contributions 1 1 1 1 1
Notes
All values reported in $USD unless otherwise noted1
Income from financial investments includes the company’s share of earnings from investments accounted for using the equity method, dividends received from investments accounted for as available-for-sale and interest income
2
Proceeds from disposal of property, plant and equipment and long-term investments less proceeds from disposal of auction rate securities3
Employee wages and benefits has been updated year-over-year to reflect gross earnings including bonuses and incentives paid4
Community investment = cash disbursements + matching of employee gifts and in-kind contributions of equipment, goods, services and employee volunteerism (on corporate time)5
Nitrogen net sales are third party only6