Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. MarketScreener Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Nutrien Ltd.
  6. News
  7. Summary
    NTR   CA67077M1086

NUTRIEN LTD.

(NTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nutrien : Canadian fertilizer producer Nutrien to cut greenhouse gas emissions 30% by 2030

04/08/2021 | 02:13pm EDT

April 8 (Reuters) - Canada's Nutrien Ltd, the world's largest fertilizer producer by capacity, said on Thursday it aimed to cut greenhouse gas emissions by at least 30% by 2030, in a plan costing the company up to $700 million.

Agricultural companies, including Mosaic and Corteva , have set carbon emissions targets as climate-conscious investors push firms to become more environmentally friendly.

Nutrien plans to spend $500 million to $700 million to meet the carbon emissions target, which includes cutting emissions from nitrogen production by 1 million tonnes of carbon dioxide equivalent annually by the end of 2023.

"We're in a really unique spot to address two big societal challenges - food security, and in a way that reduces our environmental footprint," said Mark Thompson, Nutrien's chief corporate development and strategy officer, in an interview.

Synthetic fertilizers account for 12% of global emissions from agriculture, according to a 2016 United Nations Food and Agriculture Organization report.

Nutrien's target includes Scope 1 and 2 emissions, which reflect direct operations and electricity use. Nutrien is addressing Scope 3 emissions - those related to on-farm activity - with a program that encourages growers to adopt sustainable practices that generate monetary credits.

The Saskatoon, Saskatchewan-based company plans to deploy wind and solar energy at four potash plants by the end of 2025, replacing electricity generated by coal and natural gas.

It also plans to expand its sequestration of carbon emissions from nitrogen fertilizer production and to invest in technology to capture nitrous oxide gas from its facilities.

Nutrien estimates that its carbon credit program could directly amount to $10 to $20 per acre for farmers, and it expects to benefit financially itself as well.

"If we can provide agronomic value and the value of the carbon credit over time, we'll have customer loyalty - we anticipate that we'll be a preferred supplier," Thompson said.

(Reporting by Rithika Krishna in Bengaluru and Rod Nickel in Winnipeg; Editing by Sriraj Kalluvila and Steve Orlofsky)


© Reuters 2021
All news about NUTRIEN LTD.
04/14NUTRIEN  : Could Raise Dividend, Continue Share Repurchases Amid 'Supportive' Ag..
MT
04/14NUTRIEN  : RBC Raises Price Target on Nutrien to $62 From $60, Maintains Outperf..
MT
04/13NUTRIEN  : Berenberg Bank Adjusts Nutrien PT to $68 From $41, Maintains Buy Rati..
MT
04/09CANADA STOCKS - TSX ends flat at 19,228.03
RE
04/08Canadian fertilizer producer Nutrien to cut greenhouse gas emissions 30% by 2..
RE
04/08NUTRIEN  : Canadian fertilizer producer Nutrien to cut greenhouse gas emissions ..
RE
04/08NUTRIEN  : Looks to Cut Greenhouse Gas Emissions By 30% Per Ton of Output
MT
04/08NUTRIEN  : Releases ESG Report, Launches Commitments to Drive Sustainable Agricu..
BU
04/08NUTRIEN BRIEF : Releases ESG Report, Launches Commitments to Drive Sustainable A..
MT
04/07NUTRIEN  : UBS Adjusts Nutrien's Price Target to $70 From $65, Maintains Buy Rat..
MT
More news
Financials (USD)
Sales 2021 22 394 M - -
Net income 2021 1 533 M - -
Net Debt 2021 9 198 M - -
P/E ratio 2021 20,7x
Yield 2021 3,28%
Capitalization 31 903 M 31 930 M -
EV / Sales 2021 1,84x
EV / Sales 2022 1,75x
Nbr of Employees 23 100
Free-Float 99,6%
Chart NUTRIEN LTD.
Duration : Period :
Nutrien Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NUTRIEN LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 63,26 $
Last Close Price 55,99 $
Spread / Highest target 21,1%
Spread / Average Target 13,0%
Spread / Lowest Target 3,59%
EPS Revisions
Managers and Directors
NameTitle
Charles V. Magro President, CEO & Non-Independent Director
Pedro Farah Chief Financial Officer & Executive Vice President
Mayo M. Schmidt Chairman
Brent D. Poohkay Chief Information Officer & Executive VP
Michael R. Webb Chief Human Resources & Administrative Officer
Sector and Competitors
1st jan.Capitalization (M$)
NUTRIEN LTD.15.10%31 930
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.12.24%14 502
YARA INTERNATIONAL ASA23.09%13 724
THE SCOTTS MIRACLE-GRO COMPANY17.72%13 270
SABIC AGRI-NUTRIENTS COMPANY29.03%13 199
THE MOSAIC COMPANY45.42%12 704