CF Industries : 2023 Sustainability Summary

We are the world's largest producer of ammonia, which has a chemical composition of NH3.

We are on a path to decarbonize our production network, underpinned by ambitious goals for 2030 and 2050.

The nitrogen in ammonia and ammonia-derived fertilizers provides energy to crops to dramatically increase yields, helping feed the world's near 8 billion people while reducing land used for agriculture and preserving carbon sequestering forests.

Energy-intensive industries, such as power generation and marine shipping, have identified ammonia as a clean energy source for the energy its hydrogen content provides without emitting carbon dioxide.

We are focused on making our business sustainable for the long-term, from our environmental stewardship and safety focus to supporting and empowering our employees and local communities.

1. Conversation with CF Industries President and CEO Tony Will

What is CF Industries' approach to sustainability?

Our approach to sustainability is grounded in our Do It Right culture. We do the right things for the right reasons. Today, this takes shape through our efforts to decarbonize our ammonia production process while also addressing other issues important to CF Industries and its stakeholders, including safety, inclusion and diversity, food security, nutrient management, biodiversity, and community involvement.

How does safety fit in your sustainability agenda?

Safety is the foundation of our culture, and everything else we do builds on it. We are extremely proud of how our safety excellence is in many ways employee-led, demonstrated by the tremendous safety innovations developed at our locations as seen in our Wilson Safety Award. Focusing on safety not only puts our team first, but underpins our operational excellence. This enables us to achieve capacity utilization rates well above our peers with very high energy-efficiency, leading to a lower impact on the environment compared to our industry.

How would you evaluate CF Industries' decarbonization progress?

We are very pleased with our industry-leading progress. At the end of 2023, the installation of one of the world's largest alkaline water electrolyzers at our Donaldsonville Complex in Louisiana was mechanically complete, with commissioning activities underway. This project will give us the ability to produce up to 20,000 tons of green ammonia annually, which is ammonia produced with hydrogen from water through an electrolysis process that produces no carbon emissions. Our landmark carbon capture and sequestration (CCS) project, also at Donaldsonville, continues to advance and is expected to start up in 2025. Once operational, our partner ExxonMobil will sequester 2 million tons of carbon dioxide annually from our facility that would otherwise be emitted to the atmosphere.

There is more to come. In 2023, our Board of Directors reviewed roadmaps to achieve our decarbonization goals. These roadmaps identify projects we believe we can execute in the coming years - such as implementing CCS at our Medicine Hat, Yazoo City, and Waggaman sites - as well as identify the sources of GHG emissions from our facilities that require additional technology development and are thus longer-term focus areas.

Our Business

At our core, CF Industries is a producer of ammonia. We use the Haber-Bosch process to fix atmospheric nitrogen with hydrogen from natural gas to produce anhydrous ammonia, which has a chemical composition of NH3. Ammonia is one of the most important chemical compounds on earth, essential to human life.

With our commitment to decarbonize our production network and leverage

our unique capabilities to accelerate the world's transition to clean energy,

we have a unique role to play in addressing some of the world's most critical needs.

Global Need

Food to feed a growing population

Clean fuel to power the world's future

Ammonia's Role

The nitrogen content in ammonia and ammonia-derived fertilizers plays an essential role in enabling the increased level of food production.

It is estimated that manufactured fertilizer is responsible for 50% of the world's food. Fertilizer production has been CF Industries' primary focus for more than 75 years.

Many energy-intensive industries view ammonia's hydrogen content as a scalable source of clean energy that can help reduce their own carbon footprints. Ammonia represents an efficient mechanism to both ship and store hydrogen and has potential to serve as a clean energy source in its own right, as it does not contain or emit carbon.

Our Team

Our Core Values - We Do It Right, We Do It Well, We Execute as a Team, and We Take a Long-TermView - drive everything we do at CF Industries. These values provide the foundation of each employee's experience and how we serve those who touch our business. Supported by our Core Values, CF Industries' Vision, Mission, and Strategy guide our daily activities and set the framework for executing our clean energy initiatives.

2,700

high-performing team members known for their devotion to operational excellence.

58% of our workforce has been with CF Industries for 5 years.

670 employees are involved in our Inclusion Resource Group.

0.36 4,267

incidents per 200,000 work hours, which is significantly better than industry averages.

performed hours of community service through our Volunteer Time Off (VTO) program.

We are the world's largest producer of ammonia with an annual average capacity of approximately 10.4 million tons.

Our employees conduct operations in 35 manufacturing complexes, distribution facilities, and corporate offices in the United States, Canada, and the United Kingdom.

84% of our revenue in 2023 was generated in North America.

Recognized as one of Forbes' World's Best Employers and World's Best Mid- Sized Employers, Newsweek's

Most Responsible Companies, and WSJ's Management Top 250.

Environment

Decarbonizing our own operations and helping other industries do the same while being a steward of natural resources.

Workplace

Recruiting, developing, and supporting diverse talent to enable long and fulfilled careers for all our people.

Safety

Equipping our employees with proper knowledge, tools, and procedures to prioritize their wellbeing and efficient operations.

Community

Extending our leadership beyond our operations to be a good citizen and engage and support local initiatives.