Goal 8
Decent work and economic growth
Target №1
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value-added and labour-intensive sectors.
Measures being taken
The leader in terms of productivity growth rate, the Company strives to ensure further growth through the introduction of new technologies and staff training, as well as programmes for efficiency improvement and business optimisation.
PhosAgro Group topped the Vedomosti newspaper's labour productivity growth rate ranking between 2012 and 2016 (Moscow, 5 December 2017).
By 2019, labour productivity growth from 2013 reached a staggering 160% at PhosAgro's Kirovsk manufacturing unit and 170% at the Company's other enterprises. Company-wide, labour productivity is growing by approximately 27% per year.
Target №2
Promote development-oriented policies that support production operations, the creation of decent jobs, entrepreneurship, creativity and innovation, and encourage the formalisation and growth of micro-, small- and medium-sized enterprises, including through access to financial services.
2030
Measures being taken
The implementation of investment projects for boosting production at the Kirovsk and Balakovo branches of JSC Apatit, the Cherepovets branch of JSC Apatit and JSC Metachem will help create more than 500 highly qualified jobs. The Company implements a number of corporate social programmes to ensure decent labour conditions, including health, improved working conditions, and housing and social benefits.
Target №3
By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products.
Measures being taken
The BigWood and the Airport projects as growth points for the new economy in the Kirovsk–Apatity region. Through the development of BigWood resort, the Company is laying the foundation for the growth of small and medium-sized service, trade and hospitality enterprises in these towns.