PhosAgro CEO Andrey Guryev Reports on ESG Performance Highlights at 2020 IFA High Level Forum
Discussion at the Forum's round table was dedicated to the impact of the pandemic on industry leaders and their commitment to sustainable development, and was attended by executives from WBCSD, Unilever, Syngenta,
As the moderator
In his speech,
Andrey Guryev, PhosAgro CEO and President of the
"As a global company that supplies 102 countries with mineral fertilizers that are unique due to their environmental friendliness and that contain no concentrations of toxic substances that are harmful to human health and soils, we consider the issue of ensuring food security and preserving soil health to be key to achieving Sustainable Development Goals under the 2030 UN Agenda," said Mr Guryev.
He recalled that PhosAgro was the first Russian company in the FAO's history to be selected by the organisation to implement a global initiative in the field of soil protection. Last year, PhosAgro partnered with the FAO to launch a global network of soil laboratories that will assess the quality and safety of fertilizers and monitor soil health. As a result, farmers will be able to make informed decisions in terms of increasing soil fertility and preserving the ecology of soils, as well as ensuring the correct balance of nutrients and protecting soils from pollution.
The CEO of PhosAgro noted that the large-scale COVID-19 crisis has clearly demonstrated that commitment to the principles and goals of sustainable development, as well as preparedness for a wide range of ESG-related risks, is a solid foundation for business growth.
"Therefore, even in the current volatile environment, PhosAgro is continuing to follow the measures as set out in our development strategy to 2025. It stipulates stable growth, innovation and preservation of resources as well as socially oriented and sustainable development. Together with our stakeholders, we have assessed our contribution to the UN's Sustainable Development Goals and have chosen the 11 goals that we have the greatest capacity to influence. These SDGs have become the basis for PhosAgro's strategic targets," said Mr Guryev.
He stressed that the Company's progress in the ESG area has been confirmed by international industry ratings. In
"In business, they say that any crisis is a time of opportunity. Today, the pandemic is forcing mankind to rethink ways of development and reassess its priorities. This is a chance for all of us that we must take to move to a sustainable development model for the benefit of future generations," said Mr Guryev.
PhosAgro (www.phosagro.ru) 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. PhosAgro's environmentally friendly fertilizers stand out for their high efficiency, and they do not lead to the contamination of soils with heavy metals.
The Company is the largest phosphate-based fertilizer producer in
PhosAgro's main products include phosphate rock, more than 50 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 102 countries spanning all of the world's inhabited continents. The Company's priority markets outside of
PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts (GDRs) for shares trade on the
More information about PhosAgro can be found on the website: www.phosagro.ru.