We identify and assess climate-related risks as part of a multi-disciplinary companywide risk management process. Climate, including climate changes, and associated risks and opportunities that apply at companywide and asset levels are monitored regularly by teams at Mosaic including EHS, public affairs, enterprise risk management and market analysis, and the results are reported to the company's senior leadership team, the Board, the EHSS Committee, and to additional stakeholders through our annual sustainability disclosure. In 2021, to complement our risk identification process, we engaged a third party to conduct a climate risk assessment and scenario analysis.
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https://mosaicco.com/fileLibrary/publicFiles/0-TCFD-Final-2025.pdf
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The Environmental Health, Safety, and Sustainable Development Committee (EHSS Committee) of the Mosaic Board of Directors (BoD) provides oversight of (and input to) our environmental, health, safety and sustainable development (EHSS) strategic vision and performance, including the safety and health of employees and contractors; environmental performance; the systems and processes designed to manage EHSS risks, commitments, public responsibilities and compliance; relationships with and any impact on communities with respect to EHSS matters; public policy and advocacy strategies related to EHSS issues; and achieving societal support of major projects. Climate-related issues are Mosaic's EHSS committee's oversight purview because the subject matter is most closely aligned with this committee's expertise and responsibilities. In 2021, the EHSS Committee provided input on Mosaic's GHG reduction strategy, which ultimately included providing support for Mosaic's net-zero greenhouse gas emissions targets, which we announced in December 2021. Other committees of the BoD may from time to time have input on climate-related issues, like the Audit Committee, which provides oversight of Mosaic's top enterprise risk management risks.
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https://mosaicco.com/fileLibrary/publicFiles/0-mosaic-2023-response.pdf
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The Environmental Health, Safety, and Sustainable Development Committee (EHSS Committee) of the Mosaic Board of Directors (BoD) provides oversight of our environmental, health, safety and sustainable development (EHSS) strategic vision and performance, including the safety and health of employees and contractors; environmental performance; the systems and processes designed to manage EHSS risks, commitments, public responsibilities and compliance; relationships with and impact on communities with respect to EHSS matters; public policy and advocacy strategies related to EHSS issues; and achieving societal support of major projects. Climate-related issues are Mosaic's EHSS committee's responsibility because the subject matter is most closely aligned with this committee's expertise. Other committees of the BoD may from time to time have input on climate-related issues. In 2019-2020, the EHSS Committee provided input on Mosaic's Environment, Social and Governance (ESG) framework, which included recognition of climate-related risks and opportunities and the eventual approval and release of climate-related targets (GHG emissions reductions targets).
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https://mosaicco.com/fileLibrary/publicFiles/0-2021-CDP-Climate-Change-Questionnaire.pdf
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Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Mosaic strives to be the global leader in the crop nutrient industry. We recognize the importance of being active in industry associations and cross-sector business forums that provide common platforms to advance cutting-edge scientific research and best management practices within our company and our industry. In addition to having a publicly available Leadership on Climate Change document that states our companywide position on climate change, Mosaic has a process in place to carefully consider, on a case-by-case basis, the relevance of the engagement opportunities and alignment with our values and business strategies and pursues mutually beneficial partnerships.
For example, we participate in key cross-sector and industry partnerships through membership and Board and/or committee involvement, which allows us to influence the work done by respective organizations in a way that is consistent with our strategy. This applies across geographies and operating units. Mosaic takes part in industry efforts to address the challenges of climate change and commits to further engage with policy makers and stakeholders on the issue of climate change. Mosaic recognizes that our action on climate change is good for the environment and for the long-term financial health and viability of our company. Agronomy, EHS, and Public Affairs professionals interact with policymakers and global thought leaders to encourage the transfer of knowledge and to incorporate the latest thinking on sustainability into the Mosaic risk management process.
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CDP Questionnaire Response 2022
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Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Mosaic strives to be the global leader in the crop nutrient industry. We recognize the importance of being active in industry associations and cross-sector business forums
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CDP Questionnaire Response 2023
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