Grupa Azoty

Changes in key management principles

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Consolidation − the Group management model

Formal and legal actions completed:

Preparation and implementation of Internal Audit Standards for the Grupa Azoty Group and Internal Audit Rules for the Parent;
Preparation and implementation of the Financing and Liquidity Management Policy for the Grupa Azoty Group;
Preparation and implementation of the Financial (Currency and Interest Rate) Risk Management Policy for the Grupa Azoty Group;
Preparation and implementation of naming standards for companies of the Grupa Azoty Group;
Preparation and implementation of the Strategy of Technical Maintenance and Asset Life Cycle Management at the Grupa Azoty Group;
Preparation and implementation of a joint model for managing CO₂ emission allowances at the Grupa Azoty Group;
Preparation and implementation of the Framework Procedure for disposal of perpetual usufruct rights, ownership rights to real property, or interest in such rights, at the Grupa Azoty Group;
Preparation and implementation of a procedure to be followed in the event of inspection by the Polish Office of Competition and Consumer Protection (UOKiK) or the European Commission at the Grupa Azoty Group;

Preparation and implementation of a procedure to be followed before the execution of agreements for the provision of services or delivery of raw materials or consumables at Grupa Azoty S.A. and for joint procedures at the Grupa Azoty Group;
Preparation and implementation of the document drafting policy for related-party transactions within the Grupa Azoty Group;
Preparation and implementation of coal procurement management rules at the Grupa Azoty Group;
Preparation and implementation of guidelines on submitting and preparing investment plans at the Grupa Azoty Group;
Preparation and implementation of the Integrated Investment Management System Instruction at the Grupa Azoty Group;
Preparation and implementation of methodological assumptions for efficiency analysis of investment projects at the Grupa Azoty Group;
Preparation and implementation of guidelines for the allocation of umbrella facility sublimits between Grupa Azoty Group companies;
Preparation and implementation of the Compliance Management Policy at the Grupa Azoty Group;

Strategy and growth directions

By 2020, the Grupa Azoty Group will have five value-creating business segments (Agro Fertilizers, Plastics, Chemicals) and the supporting segments (Energy – for the Group’s own needs, Other Activities), with potential for entry into new segments, including new plastics and professional power generation.

Organisational actions taken:

Establishment of the standing Finance Committee at the Grupa Azoty Group;
Establishment of the Procurement Committee at the Grupa Azoty Group;
Establishment of the EU ETS Management Committee and the EU ETS Executive Team for the purposes of the CO₂ emission allowances joint management model;

Increase in the number of members of the Risk Management Steering Committee and expansion of the concept for implementing the enterprise risk management process at other companies (Grupa Azoty SIARKOPOL, Gdańskie Zakłady Nawozów Fosforowych Fosfory Sp. z o.o., Zakłady Azotowe Chorzów S.A.);
Establishment of the Expert Committee and the Task Team for the development of a joint HR strategy at the Grupa Azoty Group.

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