At PotashCorp, we recognize that sustainability encompasses much more than measured progress toward specific goals. It is also about the core values, policies and practices deeply embedded in our culture and in how we conduct ourselves on a daily basis. Of course, the data we gather to track our performance help us develop strategic directions to ensure our long-term sustainability. But it takes vision, creativity and honesty to use that data to initiate positive change and ensure long-term growth.

This Sustainability Committee is responsible for overseeing and managing PotashCorp's overall sustainability program. In 2007, the committee took steps to drive sustainability deeper into the corporation by creating a management structure that included:

• Increasing the size of the committee. In addition to the Chief Operating Officer, the Senior Vice President of Administration and the Vice President of Safety, Health and Environment, the committee now benefits from the participation of the Chief Financial Officer, the General Counsel, the President of PCS Sales, the Senior Director of Corporate and Government Relations and the Director of Investor Relations. These new members have broadened the committee's strategic vision.
• Appointing a full-time Manager of Sustainability who is facilitating the implementation of the objectives and projects initiated by the committee.
• Establishing a team of plant site-based Sustainability Coordinators to help advance sustainability initiatives throughout the company.
• Creating a Climate Change Subcommittee, which has established a basic strategy for addressing the issues around climate change. This subcommittee has set a five-year target to reduce greenhouse gas emissions by 10 percent on a per-tonne-of-product basis.

A major initiative of the committee has been to develop goals and targets that more directly equate to measurable improvements in sustainability. To accomplish this, we have established general performance goals tied to measurable targets. The targets are broad in nature and can be measured year after year to accurately show our progress. As in the past, these goals and targets are subject to further revision and refinement as we focus on improving various aspects of PotashCorp's sustainability performance.

For example, we recognized a need for a measurable donations target tied to PotashCorp's overall financial performance. Accordingly, the committee proposed and the PotashCorp Board of Directors' Governance Committee approved an annual philanthropic donations target of 1 percent of after-tax earnings on a five-year rolling average. We are also seeking to raise individual participation in the company's matching gift program by 10 percent and increase total donations by 20 percent year over year.

In our sixth Sustainability Report, themed Yesterday Today Tomorrow, you will find more evidence of how our committee is learning from yesterday, managing sustainability today and establishing a strategic direction toward even greater sustainability tomorrow.