FMC Corporation (NYSE: FMC) published its 2022 sustainability report, Science Driven, People Focused Solutions for Agriculture. The 12th annual report presents the company's progress on key sustainability commitments, goals and targets, including net-zero emissions, sustainable innovation, product stewardship, and diversity, equity and inclusion.
"Despite unprecedented challenges in 2022, sustainability remained core to how we operate and serve customers around the world," said Mark Douglas, president and chief executive officer. "By setting aggressive targets and embedding sustainability across the organization, we continue to deliver real results that benefit agriculture and society while having a direct impact on the long-term viability and success of our company."
The 2022 report details FMC's progress in three focus areas: protection, innovation and engagement. Introduced in 2022 as part of its long-term sustainability strategy, these focus areas guide the company's efforts to address climate change, advance sustainable farming practices and improve representation of women and minorities in the industry. Key highlights in the report include FMC's emissions reduction strategy, which resulted in a 3% reduction in absolute Scopes 1 and 2 emissions and 2% reduction in absolute Scope 3 emissions. These reductions demonstrate strong progress toward the company's goal to achieve net-zero by 2035, which was verified by the Science Based Targets initiative in early 2023.
The report also highlights FMC's continued investments in new synthetic technologies as well as innovative biological solutions, like pheromones and peptides, to bring unique, environmentally friendly crop protection solutions to farmers worldwide. As part of its increasingly sustainable product portfolio, 100% of new synthetic products in its development pipeline meet the company's sustainable innovation criteria. Additionally, the company has one of the fastest growing plant health platforms in the industry.
"FMC is uniquely positioned to deliver solutions to key challenges in agriculture and the environment," said Karen Totland, vice president and chief sustainability officer. "With world-class innovation capabilities and strategic partnerships, we continue to deliver new technologies that help farmers sustainably protect their crops while building resiliency to climate impacts."
Additional information about FMC's sustainability progress and goals, including an online copy of the new 2022 report, is available at fmc.com/sustainability.