Our dedication to sustainable development is at the core of our business
We continue to invest in our vertically integrated business model – encompassing raw materials, production, logistics and distribution. This integration underpins our ability to create and supply high-quality, multi-nutrient products through best in class technologies and infrastructure, making us an exemplar company in the agrochemical sector. Sustainability is in-built to our strategy, as we make long term investments in raw materials and our team to secure our future. Our growing, talented team is equipped to define strategy, manage international operations, motivate others, share knowledge, maintain assets, create, distribute and sell products.
Our growth plan is at heart sustainable, because it is underpinned by a flexible cost base and vertical integration, which gives us greater control over raw materials and energy inputs, manufacturing technologies, distribution and sales. As well as a robust investment process, we have strong track record of executing large-scale projects, identifying talented people and developing their potential, protecting our team and the environment and working closely with community partners.
In the long term, our experience shows that vertical integration, cost competitiveness, global reach, resource efficiency, technology, environmental responsibility and motivated teams will secure sustainable growth and ensure that we are the model company in our sector.
We have a fundamental long-term growth strategy that requires us to sustain and develop our vertically integrated business, from raw materials to production and distribution. While economic success is a key measure, we also recognize that to maintain this in the long term we must maintain the highest levels of employee relations, safety, environmental stewardship and community engagement.
TO PROMOTE AND SUPPORT SUSTAINABLE AGRICULTURE
There is a balance to be struck in meeting the nutritional needs of a rapidly growing global population, while enhancing and maintaining the long-term viability of soils and groundwater through use of the most environmentally benign fertilizer materials. This is a key challenge for EuroChem.
TO INVEST IN NEW TECHNOLOGIES, VALUE-ADDED PRODUCTS AND VERTICAL INTEGRATION
Over the past three years we have invested in research and production innovations that allow us to meet the market demand for highly effective materials that are also environmentally benign. Our continued investments mean that our products have minimal impact during production and as products out in the market. To further enhance our ability to control and improve our sustainability performance, we are investing downstream and upstream to create an effective, vertically integrated business with global reach.
TO ENSURE FINANCIAL STABILITY AND SHAREHOLDER RETURNS
The fertilizer industry can be highly volatile due to variations in raw material availability and prices alongside changes in customer requirements. Our vertically integrated structure helps us to manage this volatility, allied with our management and financial systems. A measure of the strength of our business and sustainability strategy is our revenue performance and growth plus our ability to invest judiciously in increasing production, distribution and sales capacity.
TO MEET AND EXCEED OUR CUSTOMERS’ EXPECTATIONS
We are close to our customers, working through agro-centers that provide access to our products and a comprehensive advisory service on how they are best used. We consistently meet our customers’ quality, quantity and timing needs and monitor our interaction to ensure that this is maintained. We also welcome and listen to their concerns and suggestions as to how we can improve our service and develop new products and applications to meet changing market needs.
TO MAINTAIN EXCELLENT WORKING RELATIONSHIPS WITH ALL OF OUR SUPPLIERS
While we are a demanding customer, our suppliers know exactly what is expected of them and what they can expect from us. Our relationships are built on clear and relevant contracts, compliance and transparency.
TO REDUCE OUR ENVIRONMENTAL FOOTPRINT
We aim to minimize our impact on the environment through the operation of effective management systems and processes that are aligned with leading international standards and continuously refine our health, safety and environmental management systems to reflect the growth in our business and the latest thinking in this area.
Our human resources management strategy, focuses on personal and professional development, as reflected in our program of education for young professionals – ‘E-generation: leaders of the new industrialization of Russia.’
TO ENSURE THAT EMPLOYEES OPERATE IN THE MOST SAFE AND HEALTHY WORKING ENVIRONMENT
While our management system complies with international standards, we are aiming to become an exemplar of health and safety excellence by 2018. Our success will be measured in the levels of accidents and incidents, changing safety behavior and the general health and well-being of employees. The first steps have been taken in redesigning our health, safety and environmental management systems and their effectiveness will be closely monitored and improved over the next four years.
TO MAINTAIN EXCELLENT WORKING RELATIONSHIPS WITH GOVERNMENT AGENCIES AND LOCAL AUTHORITIES
As a growing international business, EuroChem engages with central and local government agencies and officials in many places and at many levels. In 2014, for example, our Lifosa plant in Lithuania, received a visit from the Deputy Minister for the Environment and his officials to see the results of our investments in phosphogypsum storage and our upgraded sulphuric acid unit that greatly reduces emissions of sulphurous anhydride. We are also working very closely with government agencies in Russia and Kazakhstan on our potash developments and potash rock projects respectively.
TO SUPPORT AND INVEST IN LOCAL COMMUNITIES ADJACENT TO OUR KEY OPERATIONAL SITES
We make a significant contribution to the economic development of many communities through our tax payments, employment opportunities, social investments and infrastructure.