Message On Labour Day
Fauji Fertilizer Company Limited (FFCL)
playing a pivotal role in the success of their companies. Company Profile Fauji Fertilizer Company Limited (FFC), is an associate company of Fauji Foundation (also known as Fauji Group) the group was incorporated under the Charitable Endowments Act 1890. FFC is a private listed company and is run by a board of Directors. It was a joint venture between Fauji Foundation Pakistan and M/S HaldorTopsoe A/S Denmark. Fauji Foundation holds the majority shares and leads the Board.
The history of Fauji Foundation dates back to 1945, when a Post War Services Reconstruction Fund (PWSRF) was established for Indian War Veterans during WW-II. At the time of partition when Pakistan came into being in 1947, the balance fund was transferred to Pakistan in the proportion of its post WW-II veterans.
Fauji Foundation decided to invest in the fertilizer sector when Pakistan was facing population growth and undergoing industrialization in 1970s. The driving force to select fertilizer product was to overcome food crises through increasing per acre yield from decreasing cultivatable land. Resultantly FFC was born in 1978 to produce and fulfill the country’s requirement for fertilizer. Starting from a fertilizer producing company FFC has become a leader in Fertilizer production of Pakistan.Now FFC has diversified its business portfolio by investing in theBanking sector (AKBL), Food preservation technology (FFF)&pioneering Wind power (FFCEL) in Pakistan. Company’s Financial Performance and Taxes: Financially FFC is amongst the highest contributors to the national economy; its tax contribution in the year of 2015 was Rs. 59.781 billion which also included accrued GIDC.FFC is awarded by South Asian Federation for Accountancy (SAFA) for transparency and corporate governance in South Asia. The recognition of Company’s ethics and values are a source of pride for Pakistan.
FFC is amongst the top 25 companies at the Karachi Stock Exchange (KSE) since 994 and has been declared first in 1997, 2010, 2011, 2012 and 2013. CSR Activities: FFC initiated its first CSR Program in 1982 through farmer assistance program. Presently 1.7 Million farmers benefit from this. FFC has one of the highest dividend payout ratio for the shareholders which amounts to more than 90%. A large percent which is about 44% of the dividend goes for the charitable purpose which is a unique business model in Pakistan. This is other than direct contribution to the community through Corporate Social Responsibility projects. Awards and Recognitions: In recognition of FFC withstanding commitment to social responsibility and sustainable business initiatives. FFC has received the following awards: FFC Annual Report 2014 has been awarded Top Position in Corporate Reporting and Sustainability Awards (ICAP/ICMAP) CSR Business Excellence Award 2012 by National Forum for Environment and Health Annual Environmental Excellence Award 2012 by NFEH Best CSR Practice Award by UN Global Compact Pakistan Local Network Pakistan Center for Philanthropy Award (2012) National Excellence Award 2011 by CSR Association of Pakistan Annual Environmental Excellence Award by UN Global Compact (Pakistan Chapter)