Kernel Ukrainian Agro-Industrial Group received an award from the UN Global Compact in Ukraine for its contribution to the creation of an anti-corruption video course. The course explains the principles of transparent business conduct and anti-corruption practices for small and medium enterprises.
According to the holding’s Facebook page, it joined the circle of organizations that worked on the development of the UN Global Compact’s Anti-Corruption program in Ukraine.
It is specified that the video course consists of five training modules lasting 5-8 minutes each, which reveal the principles of transparent business conduct and anti-corruption practices in Ukraine. You can watch the educational series on the portal “Diya.Biznes” and the platform “Diya.Digital Education”.
The course is designed to deepen entrepreneurs’ knowledge of anti-corruption processes to keep the country’s economy healthy.
“Kernel” before the war was the world’s number one producer of sunflower oil (about 7% of world production) and its exports (about 12%), and was the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was involved in other agricultural products cultivation and sales.
The largest co-owner of Kernel, through Namsen Ltd. is Ukrainian businessman Andrei Verevskyi, with a 39.3% stake.
In FY2022 (July-2021 – June-2022), the holding posted net loss of $41 mln against $506 mln net profit in the previous FY. Its revenue decreased by 5% – to $5.332 bln, while EBITDA decreased 3.7 times – to $220 mln.
