Moscow – During the United Nations Climate Change Conference (COP27), PhosAgro Group, one of the world’s leading producers of phosphate-based fertilizers, supported the Business Declaration for Climate Resilient Water, Sanitation and Hygiene (WASH).
The Declaration was prepared by the UN Global Compact’s Water Resilience Coalition in conjunction with the WASH4Work initiative to promote the achievement of Sustainable Development Goal No. 6 (clean water and sanitation) and Goal No. 13 (climate action). The document is supported by 26 leading global companies and 15 expert organisations committed to the prudent use of water resources.
PhosAgro joined the Water Resilience Coalition in 2021. The Company is also a member of the Climate Ambition platform. PhosAgro has been awarded UN Global Compact LEAD status for its commitment to the principles of responsible business. Currently, only 37 of the world’s leading companies have this status.
Issues related to resource conservation, including the careful treatment of water resources, as well as energy efficiency, reducing its environmental impact and combating climate change are an integral part of PhosAgro’s development strategy.
In 2020, PhosAgro’s Board of Directors approved the Company’s water and climate strategies, which set targets for minimising its environmental impact. In the context of its water strategy, the Company’s production sites are reducing their intake and consumption of fresh water. PhosAgro has incorporated a zero-drainage water management system at individual fertilizer production sites, as a result of which it was able to eliminate the outflow of wastewater into bodies of water. The condition of waterbodies in the regions where the Company operates is continuously monitored.
“Our backing of the WASH Declaration underscores our wholesale commitment to the principles of sustainability and corporate social responsibility and to helping achieve the UN SDGs, which have been integrated into our long-term development strategy. We are actively implementing sustainable practices not only in the production of mineral fertilizers but also in the areas of agriculture and soil restoration, including in the context of our partnership with the UN Food and Agriculture Organization,” said PhosAgro CEO Mikhail Rybnikov.