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Uralkali Improves ESG Score in Annual S&P Global CSA
22.11.2021
Uralkali (the Company), one of the world’s largest potash producers, further improved its position in the S&P Global Corporate Sustainability Assessment ESG rating for 2021. This year, the Company received 65 points against 52 a year earlier, which is significantly higher than the chemical industry average of 30 points1. Uralkali’s position in the sector is also affirmed by its placement in the 89th percentile of the rating.
Uralkali improved its scores across all three ESG areas y-o-y:
- The Environmental Dimension score increased by 11 points to 76 points;
- The Social Dimension score increased by 15 points to 59 points;
- The Governance Dimension score increased by 12 points to 61 points.
The even improvement across all three areas demonstrates the Company’s integrated development of ESG practices and consistent implementation of its ESG Strategy to 2025.
The rating also noted the strengthening of the Company's positions in such areas as climate change, human rights and corporate governance practices, including issues related to independent members and gender balance of the Board of Directors.
Vitaly Lauk, Uralkali CEO, commented:
We are very proud of our strong ESG score in the S&P Global ranking, which reflects the consistency of our ESG efforts. We intend to further improve sustainable development practices in all areas of our business in order to contribute to the prosperity and well-being of the Company, the market and society.
Angelina Verba, Uralkali Director of Sustainable Development (ESG) and Investor Relations, commented:
Over the past year, the Company has put a lot of work into all major areas of sustainable development, as evidenced by the strong results in the S&P Global rating.
We are successfully implementing our ESG Strategy and are working on the Company's Climate Strategy, which we plan to publish by the end of 2021. In our opinion, a strategic approach to ESG is an integral part of effective business development.
Reference
S&P Corporate Sustainability Assessment is an annual evaluation of companies’ sustainability practices issued by S&P Global. The S&P Global CSA ESG rating is seen as one of the most well-established and highly regarded corporate sustainability assessments among the global investor community. Overall, the evaluation covers over 10,000 companies from around the world.
Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs more than 12,000 people in the main production unit.
1 As of 12.11.2021 (source: S&P Global)