Climate Action
Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.
The important role of fertilizers in improving the quality of soils — natural sinks of greenhouse gases.
Our Company has developed a climate strategy that includes climate scenario analysis, climate risk assessment, a low-carbon transition plan and the setting up of scientifically justified goals to reduce total greenhouse gas emissions in all three coverage areas by 14 % by 2028 as compared to the 2018 level, as well as a goal to reduce greenhouse gas emissions in the coverage area 1 by 30.9 % ton the level of 109.1 kg per tonne of product and a semi-finished product by the year 2028 vs the 2018 level. The Board of Directors approves GHG reduction goals and measures.
as part of the climate strategy, takes measures to reduce greenhouse gas emissions and publishes reporting materials on the activities of PhosAgro enterprises in the climate area in accordance with the
started to implement the
has launched a project on the use of renewable energy sources (RES) at industrial and social facilities. The first experimental site was the corporate health resort and hotel complex Izumrud in Balakovo.
GRI INDEX
GRI 201
Economic Performance
GRI 302
Energy
GRI 305
Emissions
A set of measures aimed at reducing the environmental impact and enhancing the environmental safety of production processes is one of the most important parts of the sustainable development strategy of our Company.
reduce specific greenhouse gas emissions of coverage area 1 to 109.1 kg in CO2-eq./t;
reduce total greenhouse gas emissions (coverage areas 1, 2 and 3) by 14 %.
More detailed information about all main results of the Company’s activities in the area of environment is presented in the
Integrate climate change measures into national policies, strategies and planning.
We directly contribute to fertilizers that help to adapt to the effects of climate change by strengthening the sustainability of agricultural crops.
The responsibility for reviewing and resolving climate change issues is vested in the Occupational Health, Safety and Environment Protection Committee headed by the Member of the Board of Directors, Executive Director of PhosAgro. The Committee’s climate-related functions include monitoring greenhouse gas emissions, developing and implementing GHG emission reduction projects, including initiatives aimed at enhancing energy efficiency of production processes.
The Risk Committee reviews climate change risks and opportunities.
developed a climate strategy that includes a climate scenario assessment in accordance with the recommendations by the TCFD (Task Force on Climate-Related Financial Disclosures), the identification of climate risks and opportunities, determination of scientifically justified target levels of greenhouse gas emissions, as well as measures to achieve them — the low carbon transition plan through 2028;
products with positive climatic characteristics are being developed: fertilizers that help to adapt to the effects of climate change by strengthening the sustainability of agricultural crops;
keeps records of greenhouse gas emissions associated with the products supplied for the production of goods.
The Company carries out energy efficiency management and work within a low-carbon transition plan.
GRI INDEX
GRI 305
Emissions
reduce greenhouse gas emissions by 14 % as compared to the base level of the year 2018;
expand the area of climatically responsible businesses in Russia and worldwide as a result of responsible selection of suppliers;
reduce climate-related risks of production and business processes; use emerging climate-related opportunities to expand and strengthen the business;
increase the Company’s openness and transparency, in particular, by way of enhancing interaction with stakeholders and international platforms with a view to promoting a climate agenda;
integrate climate-related issues in all internal management and decision-taking processes of the Company.
More detailed information about all main results of the Company’s activities in the area of climate change is presented in the