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UN Global Compact Russia

Portfolio of programs and projects

Portfolio of programs and projects

All programs


2024 Annual Letter to UN Global Compact Participants from Sanda Ojiambo

Dear Participants of the UN Global Compact,

Today’s great challenges – climate change, conflict, widening inequalities, socio-economic and geopolitical changes – intensify, while the confluence of social, technological, political and economic megatrends generates unprecedented complexity, uncertainty and disruption.

We face an expanding list of bigger, more critical decisions and equally critical opportunities demanding our attention. The consequences of action, or inaction, are greater than ever.

Over the last few years, I have heard time and again from business leaders seeking to leverage the private sector's strengths to solve problems and drive transformative change. The global, regional and local convenings of the UN Global Compact have provided opportunities for sharing cross-cutting solutions and breakthroughs on diverse challenges, including climate action, renewable energy and living wage.

Innovations and solutions are within reach. Collectively, we must move at a speed, scale and scope that ensures sustainable results for the challenges we face.

Twenty-five years ago, then Secretary-General Kofi Annan called on the private sector to form a global compact for business and bring a human face to the global market. Since then, the Global Compact has grown to a participant base of more than 20,000 companies. Our ambition is to continue on a solid growth and delivery trajectory, especially when the private sector is needed now more than ever.


PhosAgro, a member of the UN Global Compact since 2018, consistently implements a policy of corporate responsibility and reaffirms its commitment to the principles of sustainable development. This is confirmed by targeted programs aimed at developing human capital and increasing the well-being of the regions of presence, including environmental and climate aspects. The successful implementation of these programs is ensured by the efficiency of production management and investment potential. 

Today PhosAgro has set the highest bar in the country's industrial sector in increasing wages for its employees - PhosAgro has decided to index the salaries of employees at all Group companies by a further 15%, starting 1 February 2024.

The average salary of the Company’s employees increased by 60% from 2021 through 2023. The decision to raise salaries again was taken by PhosAgro’s Management Board following an expanded meeting involving members of the Company’s Board of Directors and senior management. The meeting summarised the results of the Company’s social programme and efforts to develop its human resources.

“The decision to index wages was based on the Company’s excellent production and economic performance. This will bolster the material well-being of our employees and serve as an important incentive to further drive productivity, which has increased by 160% over the past 10 years. We provide our exceptional workforce – our primary asset – with safe, comfortable working conditions and decent wages. According to the ratings published by authoritative agencies and business media, we are among the best employers in the country,” said PhosAgro CEO Mikhail Rybnikov.

New Guidance on Blue Bonds to Help Unlock Finance for a Sustainable Ocean Economy

The International Finance Corporation (IFC), a member of the World Bank Group, together with the International Capital Market Association (ICMA), United Nations Global Compact (UN Global Compact), United Nations Environment Programme Finance Initiative (UNEP FI), and the Asian Development Bank (ADB) have developed a global practitioner's guide for bonds to finance the sustainable blue economy. 

Released today, the voluntary guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances. Gathering input from the financial markets, ocean industry and global institutions, it provides information on the key components involved in launching a credible “blue bond,” how to evaluate the environmental impact of “blue bond” investments; and the steps needed to facilitate transactions that preserve the integrity of the market.  

The new global guidance helps: 

• Define blue economy typology and eligibility criteria;
• Suggest key performance indicators; 
• Showcase latest case studies from the field; and 
• Highlight the critical need for increased financing to achieve Sustainable Development Goal 14, and other global sustainability targets.

High-Level Political Forum 2023

10-19 July 2023, New York, USA

The High-level Political Forum on Sustainable Development (HLPF)  helds from Monday, 10 July, to Wednesday, 19 July 2023, under the auspices of the Economic and Social Council . This includes the three-day ministerial segment of the forum from Monday, 17 July, to Wednesday, 19 July 2023 as part of the High-level Segment of the Council. The last day of the High-level Segment of ECOSOC will be on Thursday, 20 July 2023.
The theme is "Accelerating the recovery from the coronavirus disease (COVID-19) and the full implementation of the 2030 Agenda for Sustainable Development at all levels”.
The HLPF in 2023, without prejudice to the integrated, indivisible and interlinked nature of the SDGs, also reviews in-depth Goals 6 on clean water and sanitation, 7 on affordable and clean energy, 9 on industry, innovation and infrastructure, 11 on sustainable cities and communities, and 17 on partnerships for the Goals.

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