FMC Corporation announces new 'Greater Than Green' global sustainability platform, renews long-term environmental metrics

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Apr 21, 2022, 16:33 ET

PHILADELPHIA, April 21, 2022 /PRNewswire/ --

FMC Corporation (NYSE: FMC), an agricultural sciences company, today announced a new global sustainability platform that accelerates the company's goals on climate change, food security, conservation and social justice. The platform builds on FMC's 10 years of progress and represents the next evolution of the company's ongoing commitment to advancing sustainable agriculture, globally.

"Throughout our history, FMC's technology and ingenuity have empowered farmers to safely and sustainably grow food the world needs," said Mark Douglas, president and chief executive officer of FMC. "Our new Greater Than Green platform takes FMC's commitment to farmers, the environment and our communities to the next level with sharper, more aggressive targets to track our progress. On the eve of Earth Day 2022, we are proud to share how FMC is investing in our planet."

Aligned with key U.N. Sustainable Development Goals, Greater Than Green accelerates agricultural innovation while advancing the company's climate strategy and diversity, equity and inclusion goals. FMC's commitments on these issues center on three areas: Protection, Innovation and Engagement. It is comprised of 11 strategic imperatives FMC will track and measure over time. Among the imperatives, FMC has committed to:

Achieve net-zero greenhouse emissions by 2035
Use renewable energy at all FMC locations
Broaden its portfolio of new solutions to maximize crop yields on existing farmland
Enable advancements in farming that reduce on-farm carbon emissions and promote water stewardship
Enrich lives and livelihoods of minority and smallholder farmers
Cultivate a diverse, equitable and inclusive workplace

FMC's expanded sustainability commitments include a more rigorous focus on environmental metrics. As the company announced in 2021, one of its signature imperatives is an industry-leading target of net-zero greenhouse gas emissions by 2035. The company recently achieved the first milestone in its net-zero journey, submitting near-term 2030 emissions reduction targets to Science Based Targets initiative (SBTi) Business Ambition for 1.5°C. These include 42 percent absolute reduction for Scopes 1 and 2 emissions and 25 percent absolute reduction for Scope 3 emissions.

In addition to company-wide emissions, FMC is actively tracking and reducing water use and waste disposal across its manufacturing sites, and recently reset its long-term goals to drive greater improvements in water efficiency and waste reduction, reuse and recovery.

For example, FMC has committed to implement sustainable water practices as defined by the Alliance for Water Stewardship (AWS) Standard at all sites by 2035. The company will focus first on high-risk areas, pursuing AWS certification for sites in those locations by 2030. Furthermore, FMC will pursue 100 percent waste-to-beneficial reuse by 2035, which includes reductions in waste generation, reuse of materials, recycling and energy recovery.

"Greater Than Green represents a significant leap forward for FMC's longstanding commitment to sustainability," said Karen Totland, vice president and chief sustainability officer at FMC. "From efforts to foster a more resilient and sustainable food system to aggressive goals around net-zero emissions, energy, water and waste reduction, we're setting a new standard for sustainability in our industry."

Additional information about FMC's sustainability progress and goals, including an online copy of the company's sustainability report, is available at fmc.com/sustainability.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

SOURCE FMC Corporation