About This Report

This report summarizes Mosaic's corporate citizenship and sustainability activities over a five-year span, beginning with Mosaic's inception in October 2004 and ending in May 2009. The report covers a spectrum of economic, social and environmental topics considered material to our business and is our first sustainability report.

The report includes a comprehensive company overview, a review of our mission and our manufacturing processes, and a description of how our products and services benefit the wholesalers, retail dealers and individual growers in the more than 40 countries we serve. In addition, the report details the six sustainability principles that we use to guide and measure our success. Mosaic's sustainability principles correspond to our environmental, economic, social and agronomic initiatives, which are explained in this report in detail.

Mosaic has prepared this report under the direction of the company's Sustainability Working Group, a team of senior managers who represent significant operations from throughout the company.

This report is aligned with and supplements the information contained in our Annual Report on Form 10-K for the fiscal year ended May 31, 2009 ("10-K Report") and our 2009 Annual Report to Stockholders and should be read in conjunction with the information in those reports.

Data Collection

Operating units and subject matter experts from throughout Mosaic's global enterprise provided support for data collection and analysis. These units include phosphate operations in Florida and Louisiana and potash operations in New Mexico and Michigan in the U.S. and in Saskatchewan, Canada. Our subsidiaries in Brazil, India, Argentina, Chile, Mexico and China are included, unless otherwise specified.

Data collection was managed globally, geographically and at the business unit level. Our approach to data collection was based on verifiable facts within the specified boundaries. Before publication, Mosaic conducted a final validation process to ensure the accuracy of information provided. This process was supplemented by:

  • Sustainability Working Group review of collected data and related information
  • Reporting within the GRI Framework at the A GRI Application Level
  • Establishing initial goals and key performance indicators for future reporting

Validation steps for data included:

  • Engaging internal subject matter experts to review and analyze data
  • Conducting meetings with subject matter experts to review data and the resulting analysis
  • Engaging senior leadership in a review of GRI indicators before finalization
  • Developing a process for consistent data collection and analysis that can be used in subsequent years and with future reports

Report Scope and Boundaries

All reporting, where applicable, covers actions and decisions from Mosaic's inception on October 22, 2004, through the company's fiscal year ending May 31, 2009. Much of the information in this report is provided on the basis of the fiscal years we have adopted for financial reporting purposes. References in this report to a particular fiscal year are to the twelve months ended May 31 of that year. For example, "fiscal 2009" or "FY2009" refers to the 12 months ending on May 31, 2009. Much of the environmental regulatory information contained in this report is based on a calendar year due to reporting requirements. In some cases we have not included historical information for every company time period before FY2009. Generally, those omissions were due to concerns about data consistency or because we determined that collecting such information would not add to the value of this report.

Audiences for this report range from Mosaic's more than 7,500 employees worldwide to a range of external stakeholders representing the communities and interests we serve across the globe.

This report includes entities over which Mosaic exercises control, including all their operations and departments that have the potential to generate significant impacts as noted in the 2006 Global Reporting (GRI) G3 Guidelines. Specifically, unless otherwise indicated in this report, this report covers facilities at the following locations:

  • Florida, U.S. Phosphates Operations — Bartow, Four Corners, Hookers Prairie, Hopewell, New Wales, Riverview, South Fort Meade, Wingate
  • Louisiana, U.S. Operations — Faustina, Uncle Sam
  • New Mexico, U.S. Potash Operations - Carlsbad
  • Michigan, U.S. Potash Operations - Hersey
  • Saskatchewan, Canada Potash Operations - Belle Plaine, Colonsay, Esterhazy 1 & 2
  • Brazil Operations — Cubatao, Quebracho
  • Argentina Operations — Quebracho
  • Chile Operations - San Antonio
  • Distribution Operations/China — Jiangsu, Qinhuangdao, Yantai
  • Distribution Operations/India - Rozy

Alignment with the Global Reporting Initiative (GRI)

Mosaic used GRI-G3 as the foundation for compiling this report. Certain topics covered in the report have been identified as material to our business and are based on issues and subjects that are considered important to the fertilizer industry.

A GRI Application Level This report has been developed under the GRI-G3 guidelines to meet the requirements for the A GRI Application Level. GRI is an independent, network-based organization that has pioneered the development of a widely used sustainability reporting framework and is committed to its continuous improvement and application worldwide.

Mosaic intends to use GRI criteria in subsequent reports and as a guide to further develop and implement strategic goals and key performance indicators in future years.

A GRI summary is included with this report to provide an index of references that demonstrate how Mosaic is meeting each G3 indicator.

Forward Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties.

These risks and uncertainties include but are not limited to the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and the effects of the current economic and financial turmoil; the build-up of inventories in the distribution channels for crop nutrients; changes in foreign currency and exchange rates; international trade risks; changes in government policy; changes in environmental and other governmental regulation, including greenhouse gas regulation; difficulties or delays in receiving, or increased costs of, necessary governmental permits or approvals; the effectiveness of our processes for managing our strategic priorities; adverse weather conditions affecting operations in Central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of asset retirement, environmental remediation, reclamation or other environmental regulation differing from management's current estimates; accidents and other disruptions involving Mosaic's operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other potential mine fires, floods, explosions, seismic events or releases of hazardous or volatile chemicals, as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.