Letter from Irina Bokova, Chair of the Board of Directors’ Sustainable Development Committee
Taking global responsibility is an absolute necessity for any global company. It is not just a buzzword. And it is more than just a statement for us, as these principles are part and parcel of our development strategy and current business activities. We have demonstrated our commitment by establishing the Board of Directors’ Sustainable Development Committee, which I have the honour to chair. We are analysing the UN Sustainable Development Goals (SDGs) and are set to monitor their implementation going forward.
It is obvious that SDGs are global in nature and are relevant to all countries, people, institutions, companies, etc. It is also clear that they receive attention from investors and consumers of our products, as people want to enjoy a clean environment and expect companies to supply safe foods and products.
PhosAgro is fully aware of this and strongly supports the sustainability principles, also as an active member of the UN Global Compact, the international initiative to promote socially responsible and sustainable policies in business.
Out of 17 SDGs, we have selected ten and work to support their achievement, while also focusing on 21 targets set by these goals.
PhosAgro’s inclusion in the list of 36 Global Compact LEAD companies, coupled with increased investments from ESG funds, attest to efficient SDG integration into the Company’s operations and to the transparency of our sustainability disclosures.
The way we treat ESG principles is becoming increasingly consistent and structured, as this topic is of interest not only to our investors, who need to understand our strategy and aspirations, but also to a wide range of other stakeholders. PhosAgro is a global-scale company and a worldwide supplier. Joining efforts with our partners, we strive to achieve these goals.
Corporate documents governing sustainable development-related activities
PhosAgro has a wide range of internal standards and policies, which govern its approach to sustainable development management and provide the necessary governance to ensure the Company’s sustainable development.
|Health, safety and environment
|HR and economic stability
|Stakeholder and local community engagement