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Engro Sustainability Report 2009

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Engro Sustainability Report 2009 Sustainability Report 2009 Sustainability Report 2009 Crafting Sustainable Solutions 02 Engro Corp's Sustainability Report for 2009 provides an overview of efforts made in the areas of sustainability, community development and HSE over the course of 12 months. A major emphasis of this report is on the work done by Engro's fertilizer business. The report has a brief overview of sustainability efforts made by Engro Corp's other subsidiaries. In 2009, Engro Chemical Pakistan Limited converted into a holding companystructure, and was renamed as Engro Corporation Limited. As part of this demerger, the company transferred its core fertilizer business into a new subsidiary, Engro Fertilizers Limited. However, Engro Corp's commitment to the sustain- ability and development of it's people and the communities it works in, remains unchanged. Engro continues its efforts to improve its reporting structure. The sustainability report for 2010 will be a consolidated review of the sustainability measures taken by each engro corp subsidiary. 03 Sustainability Report 2009 Crafting Sustainable Solutions Crafting Sustainable Solutions In addition to growing our business in a profitable, ethical and sustainable way, we are committed to investing in host communities, as well as to mitigate our environmental footprint. As responsible corporate citizens, we continue to strive towards integrating sustainability into our business. 05 07 09 10 11 Executive Summary Scope of Report Chairman’s Message President’s Message The Birth of Engro Corporation Ltd. 13 20 22 24 27 28 Companies Profile Core Values Structure & Governance Corporate Performance Corporate Objectives Stakeholder Report 2009 2010 Engagement 33 34 38 43 47 61 Capacity Building of Employees and Health, Safety, and 2009 Environmental Engro’s Social Foundation of Engro’s Farmers for Higher Organizational Environment Policy Footprint Data Investments sustainable strategy: Agricultural Development Balancing growth with Productivity Responsibility! 62 92 Commitment to UN Acknowledgement Global Compact & Global Reporting Initiative 05 Sustainability Report 2009 Crafting Sustainable Solutions Executive Summary Executive Summary Sustainability Report 2009 Crafting Sustainable Solutions Leading sustainability 06 Leading sustainability As a corporate entity, Engro is proud of its growth and The various social interventions and transparent manner of delivery has lateral expansion, and believes that its success is due to given it the position of one of the organic nature of its structure. It has always prided Pakistan’s leading companies for itself on responsible business ethics, and this ethos reso- Corporate Social Responsibility (CSR) nates throughout the company. Besides adhering to also making it the only Pakistani company in Asian Sustainability industry best practices in its operations, Engro has con- Rating’s (ASR) top 50 Asian Companies sciously integrated socially responsible practices into its list. Moreover Engro’s CSR report has functions, reaching out to the communities that live been rated No. 1 by ACCA-WWF. within its areas of operation. Engro has earned the distinction of being part of a select group of compa- nies which are signatories to the UN The acknowledgements Global Compact (UNGC) in ASR’s and awards received as survey, as well as being part of the recognition of our efforts Global Reporting Initiative (GRI). Engro’s efforts in building sustainabil- to serve as a responsible ity in Pakistan are demonstrated business entity are testa- through its commitment to consis- ment to the fact that we tently contribute 1% of profits before are on the right path to tax towards social investments in the areas of skill development, education, betterment. This report, a health, environment, emergency relief reflection of our commit- efforts and philanthropy. ment, provides a progres- sive comparison of the However, as a responsible company, its processes and operations are also activities, and Engro’s geared towards an environmental contribution to various stewardship that incorporates uplift projects. measures to cut emissions and put in place the required safeguards for the natural and built environment. 07 Sustainability Report 2009 Crafting Sustainable Solutions Scope of Report Scope of Report Sustainability Report 2009 Crafting Sustainable Solutions Scope of Report 08 Scope of Report The report provides a progressive This is Engro Corp’s business’ sustainability report. This comparison of the activities, and report encompasses the initiatives undertaken by Engro Engro’s contribution in the fields of in its capacity as a good corporate citizen. It traces the education, health, capacity building, infrastructure upgradation and development, and the implementation of a corporate poverty alleviation through corpo- ethos of doing business in a sustainable manner, and lists rate philanthropy and volunteerism down the various projects undertaken by the company. that is robustly encouraged within the company. It also highlights the commitments to global quality standards and universally accepted benchmarks that are met through industry best practices. Not only are the initiatives and their impacts contained within the pages of this report, to ensure transparency and objectivity, a third party assessment from the renowned firm of Gallup has also been made a part of the report. The recommendations made by the third party have been studied carefully and will form an integral part of the actions that will be taken in the coming years. 09 Sustainability Report 2009 Crafting Sustainable Solutions Chairman’s Message Chairman’s Message This ethos, developed by the visionaries who Engro holistically engages with the founded the Company, and consistently communities within which it operates, taking mandated by the Board of Directors, has proactive measures to mitigate any effects of become the fundamental standard at all levels its business operations on their natural living of the Company, and in its interactions with environment. Our Corporation works to stakeholders. Engro’s engagement with civil enhance the quality of life of these society has extended far beyond the traditional communities, while ensuring the health, safety understanding of corporate philanthropy. It has and environment of our employees. taken on the form of proactive, hands-on engagement, to assist in meeting the myriad of This report is a reflection of this culture in social sector needs, in education, health, skills action.” development and infrastructure improvement. “International and national recognition of Significantly these Corporate Social Engro's leadership in the Responsibility initiatives have been integrated at all levels of our business, Hussain Dawood Corporate sector has and an enabling culture has been been achieved because consciously developed amongst all of an inviolable members of Engro, and main commitment and streamed into the Corporation's adherence to the processes and practices. conduct of business on an ethical basis. Sustainability Report 2009 Crafting Sustainable Solutions President’s Message 10 President’s Message At the level of our engagements with sharehold- ers, employees and vendors, as well as commu- nities around our plants, we have set in place transparent systems that ensure such practices. At the level of operations, we very stringently monitor our environmental impacts and look towards reducing our carbon footprint through adher- ence to the NEQS as well as interna- tional benchmarks. Engro is one of the “Corporate Responsibility few companies to have signed the UN is an integral part of the Global Compact. way we do business at Our Corporate responsibility report outlines the thought behind the measures, and details the Engro. This is why our action undertaken at various levels to make them tangible on ground projects. We have third systems and processes party assessments of our initiatives, with the aim of getting an objective feedback so we can within the organization better our performance progressively.” are sensitized to ethical, responsible practices. Asad Umar 11 Sustainability Report 2009 Crafting Sustainable Solutions The Birth of Engro Corporation Limited November 27, 2009 Sindh High Court orders to seek shareholder approval of renaming of The Birth of Engro Engro Chemical Pakistan Ltd to “Engro Corporation Limited” and demerger Corporation Limited and transfer of its fertilizer business to a separate wholly-owned subsidiary, named Engro Fertilizers Ltd. Sustainability Report 2009 Crafting Sustainable Solutions Engro provides building blocks of a Corporation 12 Engro provides building blocks of a Corporation Formation of Engro Corporation Limited Over the years, Engro has expanded The name of Engro Chemical Pakistan and diversified from its core business Limited has been changed to 'Engro of fertilizers into several business Corporation Limited'. avenues such as foods, petrochemicals, Profit After Tax (US$ Million) automation and energy. The new operations in multi category As the Holding businesses, expansion strategy and company, Engro Corp 60 54 growth vision, needed the company to convert to a holding company. As a 47 is responsible for the 50 result, the fertilizer business was demerged and a holding company long term vision and 40 structure was established to manage 40 the affairs of various businesses. profitable growth of 32 29 The announcement to demerge was the company and its 30 made in April 2009, and Engro Fertiliz- subsidiaries and 20 ers Limited was incorporated in June 2009
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