Mosaic’s Increased Efforts to Measure and Manage Energy Use and Greenhouse Gas Emissions Reflected in Annual Climate Change Report
Global English [ Change Region ]

Mosaic’s Increased Efforts to Measure and Manage Energy Use and Greenhouse Gas Emissions Reflected in Annual Climate Change Report

 
September 27, 2012   |   ShareThis

On Sept. 12, Mosaic’s Sustainability Manager Neil Beckingham (second from right) joined representatives from the Carbon Disclosure Project at the New York Stock Exchange opening bell to celebrate the release of the 2012 CDP S&P 500 Climate Change Report.
The Mosaic Company’s employees are committed to improving the use of energy, which helps Mosaic lower greenhouse gas emissions and address climate change-related risks and regulations.

One way Mosaic shows its commitment is through support and involvement in the Carbon Disclosure Project, an independent, not-for-profit organization that provides an innovative system for companies to measure, report, manage and share climate change and water-related information. This information is then shared with more than 500 of the largest investment banks and sovereign wealth funds so that they can make informed investment decisions.

As part of its involvement, Mosaic submits data about our use of energy, quantifying our greenhouse gas emissions and document efforts to lower greenhouse gas emissions for consideration in an annual report published by the CDP, the CDP S&P 500 Climate Change Report 2012. This report assesses U.S. companies’ carbon reporting and the actions they are taking to lessen impacts on the environment.

This year, Mosaic scored 90 out of 100 on the report for disclosure of information, which is a 12-point increase from last year’s report, and received a B-grade on climate performance. These are some of the top scores in the crop nutrition, agriculture and mining industries. Mosaic’s performance is due in large part to increased efforts by our employees to measure and manage our use of energy and related greenhouse gas emissions.

“At Mosaic, we are committed to operating more sustainably and reducing our impact on surrounding environments while continuing to build our business and focus on our mission to help the world grow the food it needs,” said Mark Kaplan, Vice President of Public Affairs and Chair of Mosaic’s Sustainability Steering Committee.

“Increasing electrical cogeneration and improving energy efficiency illustrates how our employees are not only reducing energy costs, but also decreasing our absolute carbon emissions and environmental footprint,” added Joc O’Rourke, Executive Vice President, Operations and Chief Operating Officer.

Today, Mosaic saves approximately $100 million in annual energy costs and significantly reduces its carbon footprint through electrical cogeneration, a process that converts waste heat from the fertilizer manufacturing process into electricity.

“Electrical cogeneration vastly reduced our need to purchase electricity from public utilities. Within our Phosphates operations, cogeneration today supplies more than 60 percent of the electricity we need to operate,” O’Rourke said. “And that’s just the start. We’re continuing to seek innovative ways to be more efficient, resourceful and sustainable across our global operations.”

To celebrate the release of the 2012 report, the CDP invited Mosaic and a few other select S&P 500 companies to participate in the opening bell ringing ceremony of the New York Stock Exchange on Wednesday, Sept. 12. Neil Beckingham, Mosaic’s Sustainability Manager, participated in the ceremony on behalf of Mosaic.
 
“As an active CDP supporter and CDP Forum event sponsor, we’re honored to help CDP launch this year’s report and commemorate the progress Mosaic and other U.S. companies are making to reduce environmental risks,” Beckingham said.

Watch a video of the bell ringing ceremony here.