Uralchem Takes Part in Forbes Russia’s Forum on Sustainable Development
Uralchem (the Company) joined an expert discussion titled Sustainability Without Illusions and ESG Reassembly at the Responsible Business Forum themed Sustainable Development: Playing by Our Rules. National Priorities and the Global Market, which was hosted by Forbes Russia in Moscow on 15 April.
The event brought together senior sustainability leaders from some of the largest Russian and multinational companies to explore the shifting terrain of ESG strategy. Discussions ranged from tailoring sustainability approaches to foreign market requirements and using domestic tools to verify environmental achievements and secure funding, to the role of climate mitigation in protecting Russia’s export competitiveness, the financial implications of green modernisation, and the real payback of investing in resource and energy efficiency.
Representatives of Uralchem went beyond presenting the Company’s existing ESG practices — which underpin sustainability across procurement, production, and sales — to offer practical, hands-on guidance for operating under increasingly stringent international carbon regulations.
Elena Eskina, Uralchem Chief Sustainability Officer:
Businesses today are accountable for their entire value chain, from sourcing raw materials to the final use of their products. A major challenge is the tightening of international carbon regulations on external markets, which brings both market and regulatory risks. We performed an assessment of possible ramifications for the fertiliser sector, and saw that the market risk can manifest through price shifts and potential revenue effects, while the regulatory risk lies in other countries following suit with similar mechanisms. This makes it essential to keep a close watch on regulatory changes and evaluate their impact in real time.