OJSC PhosAgro (PHOR)
OJSC PhosAgro: First Meeting of PhosAgro's Sustainable Development
Committee, Chaired by Irina Bokova, Reviews Company's Contribution to
Achieving UN Sustainable Development Goals
27-Aug-2019 / 13:00 CET/CEST
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announcement.
For Immediate Release 27 August 2019
First Meeting of PhosAgro's Sustainable Development Committee, Chaired by
Irina Bokova, Reviews Company's Contribution to Achieving UN Sustainable
Development Goals
Moscow - The PhosAgro Board of Directors Committee on Sustainable
Development has held its first meeting, which was chaired by Irina Bokova.
Prior to joining PhosAgro, Ms Bokova was the first woman ever to serve as
Director-General of the United Nations Educational, Scientific and Cultural
Organization (UNESCO), a post she held for eight years.
The meeting heard a report by the working group on sustainable development,
which conducted an analysis of the compliance of the Company's strategy and
operations with both the UN Sustainable Development Agenda and the
provisions of the UN Global Compact, the largest international initiative
for business in the field of corporate social responsibility and sustainable
development, which the Company joined in January.
During the meeting, participants analysed the Company's contribution to the
achievement of 10 of the 17 UN Sustainable Development Goals (SDGs), key
drivers for ensuring environmental responsibility and preserving the planet
for future generations.
As a manufacturer of environmentally friendly fertilizers that do not
contain toxic substances, PhosAgro is making an important contribution to
ensuring food safety for consumers and thus helping ensure human health and
well-being (SDG No. 3), while also supporting responsible production and
consumption
(SDG No. 12).
PhosAgro supplies essential crop nutrients in more than 100 countries all
around the world - in addition to the Company's priority Russian market. In
doing so, PhosAgro is helping ensure global food security while also
mounting a challenge to the problem of hunger (SDG No. 2). At the same time,
our environmentally friendly fertilizers do not harm the soil, which is
especially important in view of the acute problem of soil degradation as a
key obstacle to eliminating hunger - 52% of agricultural land suffers from
moderate or severe degradation. Moreover, PhosAgro became the first Russian
company selected by the UN's Food and Agriculture Organization to implement
a global soil protection initiative.
The Company' s enterprises operate a zero-discharge production system, which
means zero pollution of water resources (SDG No. 6); the system is aimed at
maximising the use of by-products and the recycling of secondary raw
materials (SDG No. 12). As a result of ongoing investments in R&D, expanding
production using the best available technologies and increasing production
efficiency (RUB 180 billion over the past five years, with annual
investments of RUB 2.5 billion in the development of education, medicine,
sports, youth and social policies in the regions where the Company
operates), PhosAgro is creating decent working conditions and contributing
to economic growth (SDG No. 8), sustainable urban development (SDG No. 11)
and the availability of quality education (SDG No. 4).
PhosAgro initiated and is implementing, along with UNESCO and the
International Union of Pure and Applied Chemistry (IUPAC), the Green
Chemistry for Life grant programme for young scientists in the field of
chemistry, which encourages innovation (SDG No. 9) and is contributing to
building partnerships for sustainable development (SDG No. 17).
Based on the analysis conducted, conclusions were drawn about the need to
prioritise efforts in certain areas in order to make further progress in
achieving the Sustainable Development Goals and improving PhosAgro's
performance in this regard.
Another important issue raised at the meeting was the development of a plan
to further inculcate a culture of sustainable development among the
Company's employees.
"As a global leader in the mineral fertilizer industry and a guarantor of
food security throughout the world, PhosAgro is aware of its global
responsibility and is making a real contribution to the implementation of
the Sustainable Development Agenda.
"This responsibility is reflected in the Company's daily operations
throughout the entire production process: all production facilities meet
current environmental requirements. And the Company invests heavily in
support for social projects: the development of sport, education, healthcare
and even diversification of the economy in one-industry towns.
"The unique purity of the phosphate ore mined in the Khibiny Massif, in
Russia's Arctic region, enables PhosAgro to set a very high corporate
standard in terms of fertilizer purity, which easily meets all international
requirements for set by the European Union and the UN's Food and Agriculture
Organization. The environmental friendliness of PhosAgro fertilizers is the
key to the safety of the food products they help grow in more than 100
countries around the world.
"The Company does not plan to rest on its laurels, however. PhosAgro has
ambitions, potential and opportunities to make further progress in terms of
environmental, social and corporate governance (ESG) criteria. The
committee's activities will allow the Company to conduct more in-depth work
in these areas, to monitor the Company's performance and to identify areas
where the Company can take new steps forward", said Ms Bokova in summarising
the meeting.
PhosAgro will present the main aspects of its Sustainable Development
Strategy, which is an essential part of the Company's Development Strategy
to 2025, at Investor Day in London on 25 September.
For further information please contact:
PhosAgro
Andrey Serov, Head of Investor Relations Department
+7 495 232 9689 ext 2183
ir@phosagro.ru
Timur Belov, Press Officer
+7 495 232 9689
EM
Sam VanDerlip
vanderlip@em-comms.com
+44 7554 993 032
+7 499 918 3134
Dmitriy Zhadan
zhadan@em-comms.com
+7 495 363 2849
+7 916 770 89 09
About PhosAgro
PhosAgro (www.phosagro.ru [1]) is one of the world's leading vertically
integrated phosphate-based fertilizer producers in terms of production
volumes of phosphate-based fertilizers and high-grade phosphate rock with a
P2O5 content of 39% and higher.
The Company is the largest phosphate-based fertilizer producer in Europe (by
total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of
high-grade phosphate rock with a P2O5 content of 39%, a top-three producer
of MAP/DAP globally, one of the leading producers of feed phosphates (MCP)
in Europe, and the only producer in Russia, and Russia's only producer of
nepheline concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, 39 grades of fertilizers,
feed phosphates, ammonia, and sodium tripolyphosphate, which are used by
customers in 100 countries spanning all of the world's inhabited continents.
The Company's priority markets outside of Russia and the CIS are Latin
America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and global depositary
receipts (GDRs) for shares trade on the London Stock Exchange (under the
ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in
the MSCI Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website www.phosagro.ru
[1].
ISIN: US71922G2093
Category Code: MSCL
TIDM: PHOR
LEI Code: 635400F8A3KGJIIBIK95
Sequence No.: 18093
EQS News ID: 863689
End of Announcement EQS News Service
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August 27, 2019 07:00 ET (11:00 GMT)
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