October 5, 2023
(press release)
–
PhosAgro Group has joined the UN Global Compact’s new Forward Faster initiative, aimed at achieving the UN Sustainable Development Goals (SDGs) more quickly.
The initiative, launched on the sidelines of the UN General Assembly, seeks to unite the efforts of the most socially responsible companies around the world. PhosAgro, as a member of the Water Resilience Coalition, will contribute to the accelerated achievement of SDG 6 (Ensure access to water and sanitation for all) under the Faster Forward initiative by expanding sustainable water use practices.
In 2020, PhosAgro’s Board of Directors approved the company's Water and Climate Strategies. As part of the Water Strategy, the company’s facilities are reducing fresh water intake and consumption. A drainage-free water use system has been implemented at certain fertilizer production enterprises, preventing bodies of water bodies from being polluted with sewage. PhosAgro constantly monitors the condition of water bodies in the regions where it has a presence.
PhosAgro CEO Mikhail Rybnikov: “Joining this new initiative of the UN Global Compact for faster achievement of the SDGs confirms PhosAgro’s commitment to introducing sustainable practices in all aspects of the company’s activities. Issues of environmental responsibility, including respect for water resources, energy efficiency, minimization of environmental impacts and climate change mitigation, are an integral part of PhosAgro’s development strategy”.
PhosAgro Group is also a participant of the UN Global Compact’s Climate Action platform. PhosAgro has been conferred the status of a Global Compact LEAD company for its commitment to the principles of responsible business conduct. At present, only 37 of the world’s leading companies have this status.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
