PotashCorp sets annual targets for its sustainability performance. The following table sets out 2007 targets for social performance and the results achieved.
| 2007 Social Goals and Performance |
achieved
partially achieved
did not achieve
|
| 1. Fill at least 75 percent of senior staff openings with internal candidates. |
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85 percent of senior staff openings filled with internal candidates, exceeding our target. |
| 2. Improve combined average employee engagement score, measured by survey, by 10 percent from 2006 levels. |
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The average score was improved by 3 percent. |
| 3. Review current diversity initiatives and benchmark results against industry best practices to strengthen PotashCorp's diversity strategy. |
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The company participated in training sessions for employers on engaging the Aboriginal workforce, initiated the Aboriginal Summer Internship Program, targeted specific opportunities to support Aboriginal community programs and provided diversity training to employees. |
| 4. Increase communication with employees to promote a greater understanding of corporate financial goals and their relationship to incentive award targets and to increase employee understanding of how their individual activities enable PotashCorp to achieve its goals and objectives. |
 |
Training was held at every site explaining the specific corporate and site goals driving bonus payouts and describing individual actions that can help achieve them. All salaried staff participated in the annual bonus program with corporate and operational goals. The Board of Directors approved expanding the plan to all hourly employees in 2008. |
| 1. Highlight activities of three additional agricultural retailers or dealers to extend the reach of the company's "Enriching" campaign, which promotes sustainable practices among our business partners. |
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The Perspectives section of the Enriching website features stories on the MFA Foundation, Clean Water Alliance and Brandt Consolidated. |
| 2. Continue to communicate our Safety, Health and Environmental expectations to all major suppliers and contractors. |
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All major suppliers provided the company with a Code of Conduct or Certification of Business Principles demonstrating that they uphold our SHE expectations. All contractors are required to have a SHE orientation prior to beginning work on-site and are monitored for SHE performance. To further these efforts, the Corporate Service Provider document system went online in testing mode in September 2007. |
| 3. Work on a multiyear effort with peer companies in the International Fertilizer Industry Association (IFA) to strengthen the global industry's ability to address key environmental issues, and to promote widespread adoption of sustainable business practices among the Association's members. |
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PotashCorp advanced the adoption of sustainable business practices, including environmental issues, through IFA in 2007. The company's President and CEO maintained his leadership role in this effort as IFA's Vice President for Sustainable Development. He will continue to serve in this position until May 2009. |
| 1. Continue to be engaged with community support projects at each of our plants and offices. |
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The company and its employees at all PotashCorp locations were engaged in efforts to improve their communities through volunteerism, monetary donations and in-kind donations. |
| 2. Survey community leaders and implement appropriate responses to survey results. |
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Community surveys were conducted at Lanigan, New Brunswick, and Geismar, and actions have been taken to address community concerns raised by the surveys. |
| 3. Achieve a 10 percent increase in individual participation in the matching gift program and a 20 percent increase in total donations from 2006 levels. |
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Achieved a 15 percent increase in individual participation in the matching gift program and a 15 percent increase in total donations. |
| 1. Reduce recordable injury rates by 15 percent from 2006 levels. |
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Recordable injury rate increased by 9 percent. |
| 2. Reduce lost-time injury rate by 40 percent from 2006 level. |
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Lost-time injury rate was reduced by 48 percent. |