IFA Reaffirms PhosAgro as Industry Stewardship Champion for Its Responsible Approach to Production

MOSCOW, Jan. 24, 2022 /PRNewswire/ -- The International Fertilizer Association (IFA) has confirmed PhosAgro's status as an Industry Stewardship Champion for its responsible and sustainable approach to production. The Company was first recognised for this achievement in 2019.

The IFA's Industry Stewardship Champion label is granted to companies that are IFA Protect & Sustain certified and actively participate in all IFA benchmarks on Safety Performance, Environmental Performance, and Energy Efficiency & CO2 Emissions. This Award highlights their commitment to continuous improvement, transparency, and the use of the best available techniques in the areas of energy efficiency and resource conservation, occupational health and safety, and environmental protection, and it attests to the fact that industry champions have best corporate policies in place in these areas.

"We will continue our commitment to taking a responsible approach to how we organise and carry out production-related operations, while also incorporating best available technologies. As of today, all of the Company's production sites meet the most stringent applicable standards pursuant to environmental laws. PhosAgro allocates over RUB 8 billion a year to environmental protection.

"Ensuring industrial safety, safeguarding occupational health and creating comfortable working conditions for our employees remain priorities for the Company," said Andrey Guryev, CEO of PhosAgro, commenting on the IFA decision.

About Us

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.com.  

SOURCE PhosAgro