The Mosaic Company Climate Transition Analysis

Emissions, Petrochemicals, Chemicals, Financial Risk & Reward, Shareholder Engagement, Transparency & Traceability, Equity

Planet Tracker assessed Mosaic’s Climate Transition strategy by analysing its greenhouse gas (GHG) emissions trends from 2020 to 2023 and its alignment with the Paris Agreement.

Key findings:

  • Mosaic has a GHG intensity goal to reduce Scope 1 and Scope 2 GHG emissions by 20% per tonne of finished product by 2025.
  • Historical trends extrapolated forward suggest Mosaic is not on track to deliver on its current goal of net zero by 2040 for Scope 1 and 2.
  • Mosaic does not currently address its Scope 3 emissions footprint. Planet Tracker’s analysis suggests this will grow to be 86% of total emissions by 2030 based on current trends.
  • Mosaic seems to be at an early stage in developing its engagement on climate with its value chain and customers. Given recent growth in its Scope 3 footprint, addressing this area is critical.
  • Sustainability metrics are included in short-term incentives, but not in long-term executive renumeration.

In summary, Planet Tracker assessed Mosaic as most aligned with a +2.0°C pathway by 2030. Investors should call on the company to provide more transparency on its current efforts to lower emissions, including more detail on the size, nature and timing of intended investments and how they will drive emissions reductions.

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