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Sustainable Development Goals
Goal 2

Zero Hunger

Target 2.4

By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding and other disasters and that progressively improve land and soil quality.

Impact of stakeholders The products supplied by the fertilizer industry enhance food production and provide nutrients essential for human health. Our Company has indirect impact on agricultural development by creating fertilizers that increase plant resilience and agricultural output.

Management approach

In 2019, a Strategy was developed through 2025, which covers issues of production growth and is aimed at ensuring the availability of eco-efficient fertilizers on the world markets in order to produce high-quality agricultural products and prevent the problem of hunger and lack of food.

The company actively cooperates with farmers and supports the projects aiming to preserve soil cover, sustainable agriculture, to develop integrated plant nutrition systems and to support natural soil fertility.

Contribution

To resolve this task, our Company:

  • expands the sales of eco-efficient mineral fertilizers and develops innovative plant nutrition systems;

  • applies the principles of sustainable agriculture in practice while improving methods of fertilizer production, enhancing their properties and developing fundamentally new brands, as well as participating in international projects;

  • develops a sales support system in order to become closer to the consumer, to make eco-efficient mineral fertilizers even more accessible for the manufacturers of agricultural goods, primarily for Russian manufacturers;

  • has moved from individual types of products to introducing integrated mineral plant nutrition systems that include the use of several types of fertilizers at once, including those with biological additives, in the doses corresponding to specific soil and climate conditions and target yield indicators. We conduct testing of mineral nutrients on a variety of agricultural test sites with different soil and climate conditions with the participation of leading academic and educational institutions of agricultural profile.

GRI 203
Indirect Economic Impact

Commitments and Targets

By the year 2025:

  • increase the sales of fertilizers on the markets of strategic priority: in Russia and the CIS countries to up to 3.7 million tonnes, in North and South America to up to 3.5 million tonnes, as well as in Europe to up to 3.1 million tonnes, including by enhancing the competitive advantages of fertilizers, free from hazardous concentrations of heavy metals, amid the tightening of anti-cadmium control over fertilizer turnover in the European Union;

  • increase the share of sales of premium fertilizer grades, containing more than 2 useful elements or trace elements, to 43 % (5 million tonnes) in the total production volume.

Our Results

In 2020:

  • the volume of sales of PhosAgro’s own fertilizers in the domestic market increased by 8.0 % compared to 2019 and exceeded 2.9 million tons. Export sales of all types of fertilizers increased by 4.2 %, to 7.1 million tonnes;

  • the share in the premium grade market portfolio as a whole corresponds to the strategic goals. Minor deviations are associated with changes in market conditions and adherence to the best netback strategy;

  • the share of sales of premium grades increased from 37 to 39 % compared to 2019, in addition, the volume of production of fertilizers containing trace elements is significantly higher.

More detailed information about the implementation of the Company’s relevant strategic goals is presented in the Integrated Reports.

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