Uralchem Group's Assets Perform Highly in RAEX ESG Ranking

03.12.2024

Assets of Uralchem Group fared impressively in the ESG ranking by the RAEX agency. In a 120-participant review, Uralkali PJSC ranked 11th, followed closely by Uralchem JSC in 16th place.

The participating companies were ranked on the basis of public information including information from non-financial reports, internal regulations, corporate websites, and publications in the mass and social media. The review also took into account specifics of the companies' activities.

Both Uralchem and Uralkali achieved the reliability level "A", which indicates strong management of ESG risks.

In terms of individual components of the ESG framework, Uralkali scored "A" in the Environmental and Social categories, and its Governance performance was given an even higher score of "AA". Uralchem scored "A" in all three categories. RAEX especially noted these companies' social practices, in particular those related to stakeholder engagement, social benefits, and human rights.

Reference

RAEX is the largest Russian ranking agency specialising in non-credit ratings, ranking, market research, and sectoral analysis. The agency compiles rankings in education, non-profit activities, sustainable development, and business development infrastructure. In 2024, annual reports of Uralchem and Uralkali were put in the highest-performing group of the agency's yearly rating of annual reports of commercial organisations.

 

Uralchem JSC (a part of the Uralchem Group) is one of the world’s largest producers and exporters of nitrogen and compound fertilisers. The Company’s production assets are located in Russia’s Kaliningrad Region, Kirov Region, Moscow Region and Perm Region.

Uralchem Group is a leading global producer of mineral fertilisers and chemical products. Its key assets include three major Russian companies — Uralchem JSC, Uralkali PJSC, and TOAZ JSC — with a cumulative production capacity of about 25 million tonnes. The number of people employed by the Uralchem Group is approximately 38,000.