FINANCIAL
CAPITAL
Analysis of Non-
Financial Key
Performance
Indicators
Analysis of non-financial key performance
indicators (KPIs) has been presented for
material non-financial KPIs relevant for
the business and stakeholders around
other forms of capitals as mentioned
under International Integrated Reporting
Framework.
Manufactured
Capital
(Page No. 116-120 & 171)
Our business activities of importing,
producing, marketing and distribution of
quality fertilizers help us to create value
for our People – the stakeholders and
ultimately for the economy.
Producing Quality Fertilizer
Our purpose is to protect and enhance
productive potential of the Planet – the
farms. To meet the expectations of our
customers and in line with our strategy,
we are committed to producing only
quality products which correspond to
the international environment and safety
standards.
Investing in Better Farm
Productivity
Over the past four decades, FFC has
immensely contributed to enhancement of
the farm productivity through continuous
commitment and investment in farm
advisory, building a loyal customer base,
promoting Sona brand in the marketplace
and creating value for FFC and farmers.
Intellectual Capital
(Page No. 121-125, 183 & 197)
Although intellectual capital does not have
the kind of visibility that other capitals have
in value creation due to its non-monetized
nature, the Company strongly believes in
allocating resources to its development as
we believe that it contributes significantly
towards enhancing operational efficiency
and gaining competitive advantage in the
modern technological era.
60
Human Capital
(Page No. 126-129 & 183)
The Company has, over the period,
inculcated a culture of operational
excellence through mentoring, delegation,
empowering and succession planning,
developed a pool of highly graded
professionals. The well-directed policy,
spell out in detail Company’s way forward
in dealing with succession planning,
recognizing and rewarding the able pool
of man power, hunting new talent and
developing future leaders along with
providing them with conducive environment
to polish and harness their abilities.
Providing Employment
FFC as a fertilizer manufacturing and
marketing Company is a source of
employment for a range of talented
professionals with 3,216 number of
employees on its payroll as on December
31, 2022, providing valuable services
at manufacturing sites, country-wide
marketing network and head office. In
order to retain the developed human
resource, the Company offers competitive
and market-based remuneration with
job security and attractive retirement
benefits along with avenues for polishing
their potential and prospects for career
development.
Investing in Our Workforce
FFC paid salaries and benefits to the tune
of Rs 10.50 billion during the year 2022
compared to Rs 10.28 billion last year. The
Company also maintains funded pension
and gratuity schemes for its employees.
Providing Equal Opportunity
FFC being equal opportunity employer,
does not discriminate on the basis of
gender, class, demography, as benefits
are provided according to the type of
employment contract.
Developing Skills and Talent
Retention and development of skilled
manpower is fundamental to maintain our
competitiveness and value creation ability.
It is critical that we play an active role in
supporting the existing workforce through
reskilling and upskilling. FFC believes
that people learn every day, through
experiential, social or formal avenues.
Investing in Health and Safety
of Workforce
Providing a safe working environment is
part of the overall commitments of FFC
to the wellbeing of its employees. The
Company continue to focus on enhancing
safety systems and adopt state of the art
industrial safety standards to eliminate or
minimize the potential harm from the risks
and hazards.
Social and
Relationship Capital
(Page No. 132-135, 171, 183 & 197)
FFC is cognizant of its ethical responsibility
towards the People and the Planet through
environment friendly and fair business
transactions. Our employees are educated
and trained to take responsibility in line with
their function, authority and qualifications to
enrich our corporate responsibility of ethical
business.
Create and Share Value as a
Trusted Business Partner
At FFC, we share value with our local
partners through local procurement in
an effective manner which also results in
economic development of the Country. We
promote sustainability in the supply chain
by engaging with our trusted supply chain
partners.
Create and Share Value in
Local Communities we Operate
The Company support People – the local
communities through payment of taxes,
voluntary financial contributions in the
areas of education, health, sports and
infrastructure developments, particularly in
the neighboring communities, besides the
overall country in general. Our presence
and procurement from local suppliers also
play significant role in generating economic
activity benefiting the local communities.
Create and Share Value as a
Socially Responsible Company
Protecting the Planet – the nature and
environment through continued investments
in environment friendly technologies and
production processes is the top priority at
FFC.