Policies and Statements
FMC Climate Change Statement
March 17, 2016
Scientific evidence such as temperature records and historical trends indicate that global temperatures are now significantly warmer than the historical average. Consumption of fossil fuels is the single largest generator of Greenhouse Gases (GHG: CO2, nitrous oxide, and methane) that trap heat in the earth’s atmosphere.
Regardless of current or future actions taken to control the release of GHGs, additional warming is still anticipated due to the immense thermal mass of the world’s oceans. Some of the most likely major impacts include decreased crop production due to less arable land, rising sea levels, increased severe weather events, and lack of biodiversity.
As a global corporate citizen, we are concerned about the negative consequences of climate change and will take prudent and cost-effective actions that reduce emissions to the atmosphere.
FMC is committed to doing its part to address climate change. By 2025, we will reduce both energy intensity and GHG intensity for our operations by 15%. We continually assess our manufacturing sites worldwide for opportunities for sustainable energy sourcing and increased energy efficiencies which, therefore, reduce GHG intensities. This commitment extends to our product portfolio, where we are improving existing products and developing new platforms and technologies that help reduce climate change.
FMC recognizes that energy consumption throughout our supply chain can impact climate change and product costs. Therefore, we will actively work with our entire value chain –suppliers, contractors, and customers – to improve their energy efficiencies and to reduce their GHG emissions.
We will publically disclose our progress on reduced energy intensity and GHG intensity in FMC’s annual sustainability report and through our data submitted to the Carbon Disclosure Project.
Download the statement here.
FMC Policy on Human Rights
FMC Statement on Human Rights
FMC’s focus on people extends beyond our employees to encompass the many people around the world who directly and indirectly touch our business. As we continue to grow globally, we recognize the potential risks of operating in multiple regions with differing laws and business practices.
Regardless of location, FMC is committed to working in a way that respects human rights. During 2012, we clarified our commitment in this area by updating our Code of Ethics and Business Conduct to unambiguously state our expectations related to human rights. While our businesses have consistently maintained high standards in this area, this policy update was an important reaffirmation of our ethical principles and practices.
We published the revised Code of Ethics and Business Conduct in late 2012 and required all employees to be retrained and recertified under the new code in 2013 and again in early 2017. Every new FMC employee receives ethics compliance training within six months of their hire date, followed by recertification at least every three years to ensure strict adherence to the Code of Ethics and Business Conduct.
FMC has developed and published our Human Rights Policy to elaborate on the company’s commitment to support human rights and to foster the development of in-house learning, management capacity and leadership on human rights issues.
FMC Policy on Human Rights
FMC Corporation is committed to the protection and advancement of human rights, as a general principle and with respect to its global business operations. This policy helps embed the responsibility to respect human rights throughout all of our businesses and functions, build increased trust with our external stakeholders and demonstrate international good business practices.
FMC’s human rights policy is guided by the following:
- The Universal Declaration on Human Rights
- The United Nations Global Compact Principles
- The International Labor Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work
- FMC Corporation Code of Ethics and Business Conduct
- FMC Corporation’s Commitment to Sustainability which includes regular reporting under the Global Reporting Initiative (GRI) guidelines with disclosure on FMC’s management approach to human rights.
- FMC’s firm belief that the protection and advancement of human rights is a global business best practice and a core element of business sustainability.
FMC’s Human Rights Policy rests on the pillars listed below. We also expect our suppliers and contractors to commit to these same practices.
FMC is committed to respecting human rights. Trust, respect and ethical business conduct are essential to achieving and maintaining sound relationships among our employees. The recognition of the personal value and contribution of every employee is basic to these relationships. At FMC, we value the diversity of our employees and treat every employee with rights and respect. Consistent with applicable laws of the location, employees and applicants for employment will be judged on the basis of their performance and qualifications without regard to race, creed, gender, religion, national origin, age, disability, veteran status or sexual orientation. Appropriate remuneration will also be determined based on performance and qualifications without regard to race, creed, gender, religion, national origin, age, disability, veteran status or sexual orientation.
Child, Forced/Bonded Labor
FMC is opposed to any form of harmful child labor and forced or compulsory labor. It is FMC policy to prohibit harmful child labor or the use of forced or compulsory labor in all FMC workplaces.
Freedom to Associate/Collectively Bargain
FMC respects our employees’ right to join, form or not join a labor union without fear of reprisal, intimidation or harassment. Where employees are represented by a legally recognized union, we are committed to establishing a constructive dialog with their representatives. FMC makes every effort to reach agreements that are mutually beneficial by collaborating with its workforce to find solutions for everyday interactions as well as in contract negotiations.
Health and Safety
Maintaining a safe and healthy work environment is integral to the operation of FMC’s business. Accidents harm FMC’s employees and undermine the effective performance of the business, as well as the trust of the communities in which FMC operates. FMC is responsible for preventing accidents by maintaining a healthy work environment, promoting a proactive safety culture, following safe procedures and practices and using all prescribed personal protective equipment.
Working Conditions, including hours
FMC treats all employees fairly and honestly regardless of where they work. All staff is entitled to reasonable rest breaks, access to toilets, rest facilities and potable water at their place of work, and holiday leave in accordance with the legislation of the jurisdiction where they work.
FMC will pay wages that meet or exceed the legally required wage or, where no wage law exists, the local industry standard. Every worker has a right to compensation for work performed.
FMC expects all workers, including migrant workers, to be provided wages, benefits and working conditions that are fair and in accordance with local law. We do not condone holding workers’ passports to keep them from leaving, charging any type of fee or deposit for employment, or any other unfair practice.
No harsh or inhuman treatment/harassment
Employees of FMC shall be treated with rights and in accordance with FMC’s policy
of maintaining a work environment free of all forms of harassment, whether sexual, physical, verbal or psychological. FMC will not engage in the use of indentured, slave, bonded or other forced involuntary labor. FMC rejects corporal punishment of any type.
Harassment can be any offensive act, comment or display that humiliates insults or causes embarrassment, or any act of intimidation or threat.
FMC Policy on Animal Welfare and Testing
FMC is committed to making products that are safe for people and the environment and
that meet global regulatory standards. Many of our products require animal testing as a
condition of regulatory approval by government agencies. FMC takes animal testing
seriously and strives to limit such testing. We are committed to using alternatives to
animal testing methods when feasible to reduce the need for animal studies. FMC has
a corporate Animal Welfare Committee to implement this policy.
FMC adheres to the guiding principles for animal testing (or “the Three Rs”) first
described by Russell and Birch in 1959:
- Replace animal tests with alternative methods where feasible
- Reduce the number of test animals used when feasible
- Refine animal test methods to make them as humane as possible
We are committed to:
- Employing scientifically validated alternative methods to animal testing where
- Participating in industry task forces to minimize redundant animal testing and to
extract the maximum value from existing studies
- Using the minimum number of animals to make scientifically and statistically valid
conclusions when animal testing is needed to determine the safety or efficacy of
- Conducting animal testing only at laboratories that adhere to the humane care of
animals, provide adequate animal housing facilities, have trained animal care
personnel, and have procedures in place that avoid unnecessary distress to
- Verifying that all animal studies are conducted in laboratories that comply with
applicable laws, regulations and licensing requirements
- Working towards the development, validation and adoption of non-animal testing
methods through industry collaboration
FMC Policy on Conflict Minerals
FMC Corporation has implemented a conflicts minerals program and incorporated it into our overall corporate compliance program. Throughout this report, “FMC”, “we”, “us” or “our” means FMC Corporation and its consolidated subsidiaries.
As part of that program, in October 2013 we adopted the following policy with respect to conflict minerals.
FMC Corporation and its subsidiaries (“FMC”) are committed to sourcing components and materials from companies that share our values regarding respect for human rights, integrity and environmental responsibility.
FMC is committed to complying with Section 1502 of the Dodd-Frank Act, which aims to prevent the use of minerals containing tin, tantalum, tungsten and gold (3TGs) that directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo (DRC) or in adjoining countries (“conflict minerals”).
Suppliers to FMC are required to commit to being or becoming “conflict-free” (which means that such supplier does not source conflict minerals) and to sourcing 3TGs only from conflict-free smelters. Each supplier to FMC that is providing necessary 3TGs is required to provide completed EICC-GeSI Conflict Minerals Reporting Templates evidencing such supplier’s commitment to becoming conflict-free and documenting countries of origin for the 3TGs that it supplies.
At the time of the writing of this Conflict Minerals Statement, the term “Conflict mineral” includes Columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to tantalum, tin and tungsten. As used in this Conflict Minerals Statement, the term “3TG” includes tin, tantalum, tungsten and gold.
Prior to the sale of the FMC Peroxygens segment to a third party in February 2014, FMC Peroxygens manufactured peroxygens chemicals, including hydrogen peroxide, peracetic acid and persulfates, for a variety of applications, and silicates as well as other materials for environmental remediation applications. Certain hydrogen peroxide products sold by the FMC Peroxygens segment included stannate (i.e. tin-containing) chemicals as stabilizers. At the time of its sale, FMC Peroxygens was the only FMC business segment that used 3TGs in products that it manufactured.
In April 2015, we acquired Cheminova A/S, a Denmark Aktieselskab (“Cheminova”), which has been integrated into our Agricultural Solutions segment. We have undertaken a thorough examination of all materials used in the manufacture of Cheminova’s products. Other than sodium tungstate, which is used as a catalyst in one our plants and therefore not covered by the conflict minerals legislation, no other 3TGs are included in any of Cheminova’s products.
During the year ended December 31, 2015, aside from the above-noted use of sodium tungstate, FMC did not include any 3TGs in any products manufactured by FMC or its subsidiaries. As a result, at this time, we are no longer required to file any further Forms SD with the Securities and Exchange Commission (“SEC”).
FMC continually monitors the materials used in the manufacture of its products, including whether any such materials include 3TGs. Although we currently have no plans to use 3TGs in the manufacture of our products other than the use of sodium tungstate as a catalyst noted above, if and when we do so, we will once again file a Form SD and, if applicable, an associated Conflict Minerals Report with the SEC as required by applicable SEC rules in effect at that time.
1This definition may be expanded in the future to the extent that the U.S. Secretary of State determines that there exist any other material or its derivatives that are financing conflict in the Democratic Republic of the Congo or an adjoining country.
FMC Code of Ethics and Business Conduct
Board of Directors Sustainability Committee
The highest governance body responsible for sustainability at FMC is the Board of Directors Sustainability Committee. This committee was established when sustainability was formalized in 2011. The committee meets three times per year to review and direct sustainability programs and submit summary reports to the full Board of Directors.
Current members of the Sustainability Committee are listed here.
Charter for FMC Board of Directors Sustainability Committee
Composition: The Sustainability Committee of the Board of Directors (the “Committee”) is composed of at least three outside members of the Board, one of whom shall be Chairman. The Committee and its Chairman shall be nominated by the Nominating and Corporate Governance Committee, and elected annually at the organizational meeting of the Board.
Duties and Responsibilities: The Committee’s scope will encompass the Corporation’s safety, environmental and sustainability programs. It will review these programs (objectives, plans, and performance) and recommend actions, as necessary, to ensure continuous performance improvement and alignment with constituent expectations (both internal and external). The Committee will also monitor program goals in light of market, environmental and social trends and expectations. The Committee’s scope will include, but not be limited to, the following areas:
• Employee occupational safety and health
• Process safety
• Monitoring environmental responsibility programs
• Monitoring the Corporation’s Sustainability Program, including program development and advancement, goals and objectives, and progress toward achieving those objectives
• Responsible Care®
Procedures: The Committee shall meet as scheduled by its Chairman, nominally three times per year in conjunction with the April, July and October meetings of the Board of Directors. Assisting the Committee will be the Vice President, Global Procurement, Global Facilities & Corporate Sustainability, who will serve as the Committee’s executive secretary. The executive secretary will prepare the agenda and reports to the Committee that result from the Committee’s inquiries and recommendations. He/she will also assist the Chairman in preparing reports to be submitted to the Board. The Committee shall conduct a self-assessment of its performance annually.
Adopted April 28, 2014