Climate change

The current and future effects of the global average temperature increase may have an adverse impact on all areas of human life, including business.

Joining efforts at the international level and participation of corporate players is necessary to combat climate change and achieve the goals of the Paris Agreement to limit the global average temperature rise to well below 2°C above pre-industrial levels.

Uralchem supports this initiative and improves production processes to reduce greenhouse gas (GHG) emissions. The Company also addresses other climate change trends including the EU initiative to introduce carbon border adjustment mechanism.

The Company is currently developing a climate strategy, which would also provide for identification, assessment and management of climate risks. Uralchem plans to analyse in detail the scenarios of climate change and their impact on the Company and to set targets to reduce climate effects of its operations.

Uralchem is implementing a new type of an afforestation project, within which over 15,000 oak, hazel and ash seedlings were planted on three plots with a total area of 7 hectares. The uniqueness of the project lies in its integrated approach to process planted wood, calculate how much carbon is captured in finished wood products, and evaluate the use of wood as a substitute material in construction and waste management.

Climate-Related Activities

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In 2021, GHG emissions (Scope 1+2) accounted to 8.2 million tonnes of CO₂equiv. GHG emissions intensity (Scope 1 + Scope 2) remained almost unchanged y/y and accounted for 1.26 tonne CO2e/t of product.

	GHG emissions, tonnes of CO₂ equivalent
	2019	2020	2021
Scope 1	7,636,097	7,476,581	7,777,615
Scope 2	400,633	401,625	411,339
Total (Scope 1+2)	8 ,036,731	7,878,207	8,188,954
Scope 3	2,594,511	2,375,658	2,278,982