PhosAgro Wins Second Consecutive Top Prize at Responsible Business Leaders National Awards
Moscow – During the 34th Congress of the Russian Union of Industrialists and Entrepreneurs, with Russian President Vladimir Putin in attendance at the plenary session, PhosAgro Group was awarded the top prize at the Responsible Business Leaders National Awards for the second year in a row.
After three stages of evaluation, PhosAgro received the highest score among all participating companies, securing the top prize for the second year in a row. The evaluation criteria took into account companies’ overall sustainability performance based on leading Russian indices and sustainability rankings, as well as companies’ role in finding solutions to social issues through corporate programmes aligned with key strategic development priorities.
PhosAgro CEO Mikhail Rybnikov said: “PhosAgro is honoured to receive this prestigious award for the second time. Ever since our Company was founded, our focus has always been on people: our employees, their families and all the residents of the regions where we operate. That’s why our operations are inextricably linked to our efforts in the social sphere. Last year, we allocated a record RUB 14.5 billion for social and charitable projects, an increase of 20% from 2023. And we allocated another RUB 14 billion for environmental activities, a 26% year-on-year increase. This is the foundation that has enabled us to achieve new production records year after year. Last year, we produced 11.8 million tonnes of agrochemical products, and this year we expect to reach a new all-time high, producing over 12.5 million tonnes. This represents a substantial contribution on the part of PhosAgro to ensuring the country’s food security. We intend to remain committed to balancing our efforts to increase production with our commitment to the social responsibility.”
After three stages of evaluation, PhosAgro received the highest score among all participating companies, securing the top prize for the second year in a row. The evaluation criteria took into account companies’ overall sustainability performance based on leading Russian indices and sustainability rankings, as well as companies’ role in finding solutions to social issues through corporate programmes aligned with key strategic development priorities.
PhosAgro CEO Mikhail Rybnikov said: “PhosAgro is honoured to receive this prestigious award for the second time. Ever since our Company was founded, our focus has always been on people: our employees, their families and all the residents of the regions where we operate. That’s why our operations are inextricably linked to our efforts in the social sphere. Last year, we allocated a record RUB 14.5 billion for social and charitable projects, an increase of 20% from 2023. And we allocated another RUB 14 billion for environmental activities, a 26% year-on-year increase. This is the foundation that has enabled us to achieve new production records year after year. Last year, we produced 11.8 million tonnes of agrochemical products, and this year we expect to reach a new all-time high, producing over 12.5 million tonnes. This represents a substantial contribution on the part of PhosAgro to ensuring the country’s food security. We intend to remain committed to balancing our efforts to increase production with our commitment to the social responsibility.”