INTEGRATED REPORT 2016
The principle of sustainable development is a fundamental component
of Uralkali’s strategy which ensures an optimal balance between the
interests of the Company, its employees, customers, shareholders,
partners, local communities, the authorities and other stakeholders.
We are constantly improving interaction with our key stakeholders carefully studying their needs and expectations, striving to strengthen a mutually beneficial relationship.
In 2014, Uralkali moved to the GRI G4 Sustainability Reporting Guidelines and began to utilise multi-step materiality analysis.
Based on the analysis results, Uralkali’s strategic priorities were grouped into four key areas:
- economic sustainability
- environmental impact
- stakeholder impact
The Company uses these aspects to define, review and prioritise its sustainable development initiatives.
|Focus on corporate governance, openness, transparency and risk mitigation for all stakeholders.||
High total shareholder returns for Uralkali’s
Since the Board of Directors of Uralkali did not pay dividends in 2015, in 2016 the Board decided to return funds to shareholders through the buyback of ordinary shares.
|Business model focus on maintaining cost leadership, vertical integration, capacity development and premium products.||Maintaining leading positions in the global market, which fosters enduring customer relations.|
Ensuring geological safety
Includes safety monitoring of operational and idle mines in cooperation with R&D institutes.
Responsible water usage
Includes wastewater treatment and minimisation, water intake and recycling systems.
|Waste management, focusing on the reduction of waste and land reclamation research.||
Implies a range of activities aimed at optimising energy consumption in the Company’s operations.
Implies corporate culture code compliance along with corruption and fraud management.
Implies compliance with all applicable laws and regulations.
Local community relations
Include social investments, charity and sponsorship, relocation programme.
Recruitment and retention of talent
Includes cooperation with educational institutions, talent pool development, grievance resolution mechanism.
Implies adherence by Company employees and contractors to cardinal rules aimed at reducing occupational accident risks. operations.
Focuses on KPIs, training, employee satisfaction surveys.