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Sustainable Development Goals
Goal 13

Climate Action

Target 13.1

Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.

Impact of stakeholders The important role of fertilizers in improving the quality of soils — natural sinks of greenhouse gases.

Management approach

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.

Contribution

To resolve this task, our Company:

  • 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 CDP questionnaire;

  • started to implement the Energy Efficiency Enhancement Programme already in 2003 in the Balakovo branch of Apatit JSC. The plant provides itself with 80 % of its own electricity;

  • 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 201
Economic Performance
GRI 302
Energy
GRI 305
Emissions

Commitments and Targets

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.

By the year 2028:

  • 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 %.

Our Results

In 2020, the values of target indicators demonstrate a positive dynamics:

  • under the developed Climate Strategy, a climate scenario analysis was made, climate change risks and opportunities were identified and assessed;

  • specific greenhouse gas emissions of coverage area 1 was 140.09 kg in CO2-eq./t, which is 2 % lower than in 2019 and more than 11 % lower than in 2018;

  • the specific greenhouse gas emissions of coverage areas 2 and 3 show a positive dynamics. The decrease was 2 % and 4 %, respectively, vs the 2019 indicators.

More detailed information about all main results of the Company’s activities in the area of environment is presented in the data book and Integrated Reports.

Target 13.2

Integrate climate change measures into national policies, strategies and planning.

Impact of stakeholders We directly contribute to fertilizers that help to adapt to the effects of climate change by strengthening the sustainability of agricultural crops.

Management approach

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.

Contribution

To resolve this task, our Company:

  • 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 305
Emissions

Commitments and Targets

By the year 2028:

  • 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.

Our Results

As part of the Climate Strategy, which was developed by the Company in 2020, the issues of GHG emissions management in the value chain are specifically emphasised.

In 2020:

  • we developed and implemented the ESG Supplier Assessment mechanism, which covers issues of greenhouse gas emissions. Based on the results of the assessment, an ESG rating of suppliers is compiled, which allows selecting the most responsible suppliers;

  • the Company launched a project on the use of renewable energy sources at industrial and social facilities. The corporate health resort and hotel complex Izumrud in Balakovo served as an experimental site. The first solar power plant with a capacity of 25 kW was installed on the roof of the health resort medical building. In the spring of 2021, similar panels were installed on the building of the hotel of the HHC Izumrud, as a result, the total power of the system is 45 kW;

  • specific greenhouse gas emissions indicators per tonne of products for all three coverage areas are decreasing. The gross GHG emissions indicators of coverage areas 1 and 2 show an increase associated with production growth. The total GHG emissions indicators of coverage area 3 show an increase due to a bigger volume of collected data and higher calculation accuracy.

The strategic direction of the Company’s activity is to develop approaches to creating landfills where carbon will be captured from the atmosphere and will be bound in soil and plants, the so-called carbon farms. Now, such work is being carried out by the institutes of the Academy of Sciences.

More detailed information about all main results of the Company’s activities in the area of climate change is presented in the TCFD Report.

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