MOSCOW, Dec. 2, 2020 /PRNewswire/ -- PhosAgro Group was awarded an International Fertilizer Industry Association (IFA) 2020 gold medal for the Company's responsible approach to production.
During the IFA's annual High-Level Forum, which took place online this year, the Chairman of the IFA's Board of Directors, Mostafa Terrab, announced the winners of 48 awards in 2020, and he offered separate congratulations to PhosAgro and other industry leaders who won the competition for the second year in a row.
The presentation of another IFA gold medal to PhosAgro highlights the Company's consistent commitment to continuous improvement and to its application of the best solutions in terms of energy efficiency and resource conservation, occupational health and safety and environmental protection. The prestigious IFA award speaks to the fact that PhosAgro has established an excellent corporate policy in these areas.
During an audit for compliance with IFA standards, every aspect of fertilizer production was assessed, from the supply of raw materials and design to the shipment of products to consumers and the handling of production waste. Considerable attention has traditionally been paid to product quality, environmental protection, industrial safety and occupational health. Compared with 2019, the scope of certification was expanded this year: in addition to certification of the Cherepovets production complex for meeting the Protect & Sustain standard, the Company's Balakovo branch was also certified with the highest rating.
"The issues of industrial safety and the occupational health of the Company's employees, contractors and suppliers are the most important component of PhosAgro's Sustainable Development Strategy to 2025," said the Company's CEO, Andrey Guryev, upon receipt of the IFA gold medal. "During the pandemic, another important aspect of ensuring safety in the workplace has been the implementation of a set of measures for the prevention of COVID-19. Thanks to the measures we have taken and the responsible approach of every member of PhosAgro's workforce, we have managed to avoid outbreaks of infection at Company enterprises and to maintain uninterrupted production.
"PhosAgro also takes a responsible approach to environmental issues. In 2019, we spent over RUB 9 billion on environmental protection. Today, all of the Company's production sites meet the most stringent requirements of current environmental legislation."
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 Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P2O5 content of 39%, a top-three producer of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia's only producer of nepheline concentrate (according to the RAFP).
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 Russia and the CIS are Latin America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts (GDRs) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website: www.phosagro.ru.