14th August is a reminder of the valiant struggle embarked on by the Muslims of the sub-continent for a home where they could live their lives with freedom and dignity and in harmony with their religious and cultural values. Our forefathers underwent a rigorous trial, with hundreds of thousands laying the ultimate sacrifice for this purpose. Fauji Fertilizer Company draws inspiration from this day to refresh its energies towards building the Nation.
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 public listed company and is run by a board of Directors. It was a joint venture between Fauji Foundation Pakistan and M/S Haldor Topsoe 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. Thus FFC was born in 1978 and has now become a leader in the fertilizer industry of Pakistan. Now, FFC has diversified its business by entering into the Banking sector, food processing technology and wind power in Pakistan. Today about 44% of FFC's dividend goes to Fauji Foundation trust which is a unique business model in Pakistan.
Financially, FFC is amongst the highest contributors to the national economy. The recognition of Company's ethics and values is a source of pride for Pakistan. FFC has always remained amongst the highest taxpaying companies in Pakistan its tax contribution in the year of 2015 was around Rs 60 billion which also included accrued GIDC. FFC is amongst the top 25 companies at the Karachi Stock Exchange (KSE) since 1994 and has been declared first in 1997, 2010, 2011, 2012 and 2013. It also has one of the highest dividend payout ratios for the shareholders which amounts to more than 90%. FFC has added another feather to its cap by being conferred with the best presented Annual report Award 2014 in the manufacturing sector category by the South Asian Federation of Accountants (SAFA).
FFC initiated its first Corporate Social Responsibility Program in 1982 through farmer assistance program. Presently 1.7 Million farmers benefit from this. FFC also makes direct contributions to the less privileged communities through one of the best CSR programs in Pakistan. In recognition of FFC's commitment to social responsibility and sustainable business initiatives, it 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)