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.
In 2024, Uralchem continued to improve its carbon management system. In 2024, we initiated efforts to embed methodology of the internal carbon price into our Investment Activity Regulations. The climate risk management process is integrated into Uralchem’s corporate risk management system. The climate risk management process is integrated into Uralchem’s corporate risk management system. Uralchem has identified and assessed key climate change risks, categorizing them into transitional and physical climate risks in accordance with TCFD recommendations.