Global changes in markets and businesses driven by the pandemic last year were one of the topics discussed during the Transformation of Business to Spur Economic Growth session at the St. Petersburg International Economic Forum 2021 where Ksenia Sosnina, CEO of JSC Ilim Group, was one of the speakers.
Ksenia Sosnina noted in her speech that competition is the key external source of transformation for businesses. At the same time, in-house transformation management involves managing conflicts between old and new approaches. She also emphasized that traditionally conservative industries are currently undergoing in-depth transformations.
Abdulla Bin Touq Al Marri, Minister of Economy of the United Arab Emirates, Dmitry Konov, Chairman of the Management Board, SIBUR Holding, Pavel Grachev, Chief Executive Officer, Polyus, Andrey Guryev, Chairman of the Management Board, PhosAgro, Dmitry Konyaev, Chairman of the Board of Directors, URALCHEM and others also took part in the discussion.
In 2020, Ilim Group invested a total of RUB 11 billion, which is almost a third of total annual investments of RUB 39 billion, in projects aimed to put in place best available technologies and reduce the Company’s environmental footprint.
In 2020, Ilim Group implemented a number of reforestation initiatives. The Company replanted 6.5 million seedlings and sowed 4 tons of seeds of pine and spruce last year. Ilim’s leased timberlands of 7.9 million ha are certified in accordance with FSC (Forest Stewardship Council) and PEFC™ (Program for the Endorsement of Forest Certification schemes) standards.
In 2020, Ilim’s facilities produced 3.637 million tons of products, which is 12.7% or 409,000 tons above the last year’s performance.