Sustainable economic growth is reflected in OCP Group’s inclusive economic approach. This approach is based on creating value for its stakeholders, from its employees and suppliers to the Government and local communities.
Generated and distributed economic value increased by 32% between 2016 and 2018 and was implemented through:
- Funds to develop community infrastructure;
- Contributions to charities and NGOs benefiting young people, children, farmers, residents, and women;
- Direct financing of social programs supporting education, culture, and health.
Conscious of the environmental and social risks of its activities, OCP Group monitors its suppliers from the very beginning of a new relationship. This process includes social and environmental criteria for evaluating suppliers.
The social criteria currently being studied meet the requirements of Moroccan labor legislation, for which any supplier must systematically provide the relevant data. Suppliers are also evaluated and audited on compliance with social regulatory obligations and the use of personal protective equipment. An inspection is also carried out via the External Company Management standard, particularly focusing on working conditions and subcontractor safety.
Distributed economic value, including salaries, employee benefits, payments to investors, government payments, and community investments, increased by 17% between 2017 and 2018, while generated economic value, corresponding to generated revenue, increased by 15% over the same period.
Generated and distributed value ($ billion)
Retained value, calculated by subtracting the distributed value from the generated value, therefore amounted to $11,162.97 million (equivalent to 104,820.31 million MAD) in 2018.
Aware of the economic, social, and environmental risks and opportunities associated with procurement, OCP Group aims to manage its purchases responsibly within its various activities.
Its strategy focuses on developing a network of local suppliers and promoting local entrepreneurship and partnerships to create sustainable industrial ecosystems.
This approach is aligned with the following SDGs:
Explore the policies we have in place to ensure we can make a significant difference for our environment, communities and business.
Discover more about our wide-reaching sustainability progress in our latest reports and fact sheets.
Our customization process
Our customized fertilizers are radically improving yields and reducing environmental impact – helping farmers be greener and more efficient.