Potash producer PJSC Uralkali has announced the launch of its environmental, social and governance (ESG) strategy to 2025. The new ESG strategy to 2025, which has been approved by Uralkali’s Board of Directors, is reflective of the company’s enhanced ESG approach. Prior to approval of the ESG strategy to 2025, Uralkali was guided by its 2020 – 2021 'Sustainable Development Roadmap’, which was underpinned by seven fundamental ESG areas that have significantly influenced Uralkali’s business strategy over many years.
Under the new strengthened framework, the company has approved three additional ESG focus areas to adapt to evolving global sustainable development trends. The three additional priority areas are climate change, sustainable farming as well as responsible procurement and supply chain management.
Vitaly Lauk, Uralkali CEO, commented: “As part of our 5-year environmental, social and governance strategy, our priority focus areas will be climate change, sustainable agriculture, and responsible procurement and supply chains. The COVID-19 pandemic has exacerbated the socio-economic situation caused by negative effects of climate change and the growing levels of hunger in many countries around the world. Our contribution to solving these pressing issues will form the basis of Uralkali's business strategy and our priorities relevant.”