SASKATOON, Saskatchewan – Nutrien Ltd. (NYSE:NTR), a prominent player in the agricultural chemicals industry with a market capitalization of $25.45 billion, has submitted a report to the United States Securities and Exchange Commission (SEC) detailing its efforts to address modern slavery. According to InvestingPro data, the company maintains strong financial health scores and offers investors a notable 4.15% dividend yield. The company, which is incorporated in a jurisdiction denoted as Z4, filed the document today as part of its commitment to transparency and ethical business practices.
The report, identified as Exhibit 99.1 in the SEC filing, is a Modern Slavery Report. It is part of a Form 6-K, which is a requirement for foreign private issuers to provide information that would be material to investors. Nutrien Ltd., with a fiscal year ending on December 31, is listed under the SEC Act of 1934 and has a commission file number of 001-38336. The company has demonstrated consistent shareholder value, having raised its dividend for seven consecutive years, as noted in InvestingPro’s analysis.
As a publicly traded company with global operations, Nutrien Ltd. is subject to various international laws and regulations aimed at combating modern slavery. The report is an essential component of the company’s external affairs and underscores its commitment to sustainability and legal compliance.
The document was signed by Noralee Bradley, the Executive Vice President of External Affairs and Chief Sustainability and Legal Officer of Nutrien Ltd. The company’s business address is listed as Suite 1700, 211 19th Street East, Saskatoon, Saskatchewan, Canada, S7K 5R6, where its principal executive office is located.
The submission of the Modern Slavery Report aligns with Nutrien’s ongoing efforts to ensure its supply chains and business operations are free from unethical labor practices. The company’s proactive disclosure of such information reflects its dedication to corporate responsibility and adherence to legal obligations in the jurisdictions where it operates.
Nutrien Ltd.’s SEC filing, including the Modern Slavery Report, is a clear indication of the company’s approach to governance and its stance on human rights issues. This move may serve as a benchmark for other companies in the agriculture chemicals sector and beyond.
The information for this article is based on a press release statement.
In other recent news, Nutrien has announced a share buyback program approved by the Toronto Stock Exchange, allowing the company to repurchase up to 5% of its outstanding common shares. This initiative aligns with Nutrien’s strategy to return capital to shareholders and will run until March 2026. Meanwhile, Mizuho has raised Nutrien’s stock price target from $52 to $55, following the company’s fourth-quarter earnings report, which revealed an EBITDA of $1.06 billion, surpassing estimates. Nutrien’s earnings per share for the quarter were $0.31, a 16% decline year-over-year, but its Retail and nitrogen segments outperformed expectations.
Additionally, Barclays (LON:BARC) downgraded Nutrien’s stock rating from Overweight to Equal Weight, citing balanced risks amid global supply constraints, while slightly increasing the price target to $56. Piper Sandler upgraded Nutrien’s shares from Neutral to Overweight, setting a new price target of $58, driven by an improved outlook for grain prices linked to fertilizer prices. Furthermore, Nutrien’s stock saw a rise following news of a production cut by Belaruskali, a key potash supplier, which is expected to support potash price momentum. These developments reflect various strategic and market factors influencing Nutrien’s financial outlook and investor sentiment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.