ACCR Company Engagement Incitec Pivot Ltd
Incitec Pivot Ltd is a global company that produces and exports a wide range of explosives, industrial chemicals and fertilisers to service the agriculture and resources sectors.
Incitec Pivot was formed when phosphate co-operative Pivot Limited and Incitec Fertilisers merged in 2003. The company has 2 customer-facing businesses: Dyno Nobel in the Americas and Asia Pacific regions and Incitec Pivot Fertilisers in Australia.
ACCR is engaging with Incitec Pivot Ltd (ASX: IPL) on climate risk and decarbonisation targets. IPL has also committed to giving shareholders a non-binding vote on its climate plan in 2022 (‘Say on Climate’).
The company has recently communicated its intentions to de-merge into two companies, separating the explosives and fertiliser businesses. It is understood this will be finalised in the first half of 2023.
