2009 Sustainability Report Details Mosaic's Commitment to Helping the World Grow the Food It Needs
Submitted by The Mosaic Company
The Mosaic Company (NYSE: MOS) today announced it has completed a thorough, company-wide sustainability assessment and published an inaugural sustainability report summarizing key economic, social, agricultural, and environmental initiatives.
The report, available at www.mosaicco.com/sustainability/report, measures Mosaic's progress on sustainability performance indicators established by the independent Global Reporting Initiative (GRI). It also outlines Mosaic's sustainability goals for the years to come.
"Mosaic is one of the world's leading producers of essential phosphate and potash crop nutrients, and it is our mission to help the world grow the food it needs," said Jim Prokopanko, Mosaic's President and Chief Executive Officer. "To achieve our mission, we are incorporating sustainability principles into every aspect of our business. We are also setting ambitious new goals for the future."
Among the report highlights, Mosaic has:
"We are proud of our performance," Prokopanko said, "but this is only the beginning of Mosaic's efforts. As we meet new sustainability metrics, we will continue to report our progress on an annual basis."
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.
About the Global Reporting Initiative
The Global Reporting Initiative (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. Learn more at www.globalreporting.org.
This press release 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.
The Mosaic Company is the world's leading combined producer and marketer of concentrated phosphate and potash, two of the primary nutrients required to help the world grow the food it needs. Mosaic engages in every phase of crop nutrition, from the mining of resources to the production of crop nutrients, feed and industrial products for customers around the globe. Our customer base includes wholesalers, retail dealers and individual growers in more than 40 countries.
Headquartered in Plymouth, Minn., Mosaic employs approximately 8,000 people in eight countries. Our shares trade on the New York Stock Exchange under the ticker symbol MOS.
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