About CF Industries

We are a global leader in the manufacturing and distribution of nitrogen products, serving both agricultural and industrial customers. CF Industries operates world-class nitrogen manufacturing complexes in the central United States, Canada and the United Kingdom, and distributes plant nutrients through a system of terminals, warehouses and associated transportation equipment located primarily in the Midwestern United States. The company also owns a 50 percent interest in an ammonia facility in the Republic of Trinidad and Tobago. We are headquartered in Deerfield, Illinois. CF Industries was founded in 1946 as a fertilizer brokerage operation by a group of regional agricultural cooperatives. Public since 2005, we trade on the New York Stock Exchange under the ticker symbol “CF.”

Corporate Governance

We are pleased to present our fourth annual Sustainability Report, which reflects our “Do It Right” culture and the strong value we place upon high ethical standards, transparent corporate governance, environmental stewardship, safe operations and community engagement.

CF Industries is committed to implementing sound corporate governance practices that enhance the effectiveness of our Board and management and engaging with our shareholders on matters of corporate governance. Highlights of our corporate governance include:

• Independent Chairman of the Board and separate Chief Executive Officer. Nine of our ten directors are considered independent.
• In accordance with our corporate governance and nominating committee charter and our corporate governance guidelines, our corporate governance and nominating committee considers diversity in identifying nominees for director. Women comprise 20 percent of our Board.
• All of our directors are elected annually.
• We have a majority vote standard for the election of directors in uncontested elections.
• In 2015, our Board adopted amendments to our bylaws to implement “proxy access,” allowing eligible shareholders to include their own nominees for director in our proxy materials, along with the Board-nominated candidates.
• Stockholders representing not less than 25 percent of our outstanding common stock can call a special meeting of stockholders.
• All supermajority voting provisions have been eliminated from our certificate of incorporation and our bylaws.
• We publish an annual Sustainability Report and report twice per year on the company’s political contributions.

Stakeholder Engagement

We are active participants in The Fertilizer Institute, Fertilizer Canada, Fertilizers Europe, the International Fertilizer Association and the International Plant Nutrition Institute.

At the corporate level, we participate in a variety of other professional and industry organizations as part of our engagement with external stakeholders, which include local communities, customers, suppliers, government regulators and non-governmental organizations (NGOs). CF Industries is also a member of the World Economic Forum, through which we engage on a variety of topics such as agriculture and food security.

The tone for open communication with stakeholders and other constituents is set by our Board, which has an established process to receive communications from shareholders and other interested parties by mail. To contact our Board or any individual director, group or committee, please send correspondence to the care of our Corporate Secretary at the address on the back cover of this report.

Forward-Looking Statements

Certain statements and other information contained in this report constitute “forward-looking statements.” These statements are typically identified by the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” and similar terms and phrases, including references to assumptions. These forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. We want to caution you not to place undue reliance on any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent periodic reports filed on Form 10-K and Form 10-Q, which are available in the Investor Relations section of the CF Industries website. Forward-looking statements are given only as of the date of this report, and we disclaim any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Our Mission

CF Industries is a leader in an industry whose mission is fundamental to human survival: putting food on the world’s table. By providing plant nutrients to farmers, we feed the crops that feed the world. We are proud of the role our company plays in fulfilling this increasingly challenging mission.

We welcome comments and questions about this report and sustainability at CF Industries. Please send inquiries to corp_communications@cfindustries.com.