Data driven ESG decisions in a global agri chem business

 

Challenge

Nutrien, one of the world’s largest producers of fertilizers, needed to understand which emerging global ESG issues were critical to its corporate strategy.

Solution

Nutrien used Datamaran to automate the process of identifying future ESG risks and opportunities.

Result

By continuously monitoring and communicating external ESG developments, Nutrien’s leaders are on top of emerging issues that could impact the financial or reputational health of the company.

“Having the Datamaran platform, where all of our topics are housed and displayed, and where we can drill down into what's driving those risks has increased engagement internally and strengthened knowledge of ESG across our executive and our senior management teams.”

The need for insights on emerging ESG issues in agrichem

Global agriculture company Nutrien serves growers in seven countries across three continents, and has a history that goes back almost 50 years. With 1,500 locations across North America, Australia and South America, and more than 3,300 crop advisors, they are the world’s largest direct-to-grower provider of products, services and solutions.

Nutrien operates with a long-term view and is committed to working with stakeholders to address economic, environmental and social priorities.

The territories in which they operate are seeing “material” issues evolving quickly due to rapidly changing regulatory environments and new industry standards. Executives and board members need reliable and up-to-date information about the risks and opportunities specific to their own organization so they can make informed strategic decisions.

The value of in-house ESG ownership

In order to maintain the financial and reputational health of the company, Nutrien must continually monitor and communicate on external ESG developments. By automating this process, Datamaran allows the company to monitor developments so they can report progress against their defined measurable goals.

Nutrien depends on these automated and data-driven processes. “Datamaran helps us identify ESG risks and opportunities, track our material topics, and assess which direction these trends are going more proactively,” said Bill Cooper.

Informing business strategy

Cooper and his team work with the Chief Integrity Officer and a wide range of subject matter experts. Multiple departments across the organization have Strategic Issue Teams - Investor Relations, Tax, Treasury and Risk, Sustainability and Stakeholder Relations, Government and Industry Affairs, Safety, Health and Environment, and Brand and Culture Communications.

ESG governance is elevated to the very top level: the ESG Working Group oversees the functional strategy. Datamaran helps this cross-functional leadership team with insights that provide clarity and confidence in decision making.

“We use Datamaran’s platform to inform executives [about key regulations, industry and media trends] to guide decisions on materiality,” Cooper said.

ESG Insights and benchmarking

Continuously monitoring and communicating on external developments enables leaders to keep up with emerging issues that could impact the financial or reputational health of the company. Datamaran automates this process, so the company can monitor and report progress against measurable goals - all in-house.

“Datamaran helps Nutrien to determine what are our material topics, where to invest our energy and organizational efforts to address them,” Cooper said. “As such, we’ve found that the Datamaran platform has increased [Executive] engagement on ESG.”

With access to these evidence-based insights and the underlying data, including peer benchmarks, Nutrien has a more complete view of current and emerging issues at any given point in time. This means the business is making informed decisions using data points that would otherwise take so much more investment in resources and time.

Learn more about Nutrien’s ESG strategy.

See how Datamaran can help you

Datamaran’s AI platform empowers business leaders to navigate the complex ESG landscape with confidence by transforming vast amounts of data into actionable insights..

Datamaran is the leader in Smart ESG, enabling companies to identify and prioritize issues material to their operations, deepen their teams’ ESG knowledge, monitor risks and opportunities in real-time and authentically own their ESG strategy in-house. Supported by Datamaran, C-Suite from the world’s most trusted brands are confidently making data-driven decisions and taking their company’s ESG from one-off compliance-focused exercises to governance-centric initiatives that drive business value.

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