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During 2009, Yara reinforced its corporate citizenship. Extensive stakeholder engagement continued, highlighting the link between climate change and food security. A compliance unit was established and an ethics program was developed. The company’s carbon footprint was further reduced.
In accordance with the CEO’s Leadership Agenda, Yara established an Ethics and Compliance Department in March 2009. Chaired by the new function of Global Head of Compliance, it is responsible for coordinating and overseeing ethics and compliance work, including oversight of corporate citizenship commitments and reporting.
Yara carried out extensive R&D and innovation activities within the agronomic and technological fields in 2009 - developing technologies, products and solutions that are highly relevant for pressing global challenges such as climate change and food security.
Yara follows the principles of product stewardship laid down by Fertilizers Europe, to ensure proper care is taken along the entire value chain. Yara also complies with international regulations, including the EU’s REACH regulations and international standards of certification.
Yara’s economic performance declined compared with the previous year, due to lower prices and margins. Fertilizer deliveries declined slightly on a global basis, and markedly in Europe, the company’s largest market.
Yara’s environmental performance continued to be strong, but was affected by the market turmoil. Efforts to cut energy consumption and reduce GHG emissions continued. The ambitious goal of a 25 percent GHG emissions reduction from 2004 was achieved.
Yara’s solid safety performance continued in 2009, with two serious accidents spurring new initiatives, invigorating safety activities and increasing operational discipline. Yara remains an industry leader in industrial safety, and increased its attention to crisis and reputation management.
Yara’s Citizenship Report 2009 covers the most material issues related to the company’s citizenship approach, with an emphasis on its core business and identified shaping issues. Yara reports according to the guidelines of the Global Reporting Initiatives (GRI).
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In 2009, we saw our business model put to a tough test following the dramatic decline in fertilizer sales at the end of 2008. We reacted with determination, employing our scale advantage, unique flexibility and unrivalled presence.
Financial_Report 2009(PDF, 8.6MB)
Finansrapport_2009(PDF, 8.3MB)
Citizenship Report 2009(PDF, 9.7MB)
Report of the Board of Directors(PDF, 980KB)
Financial Statements(PDF, 5.5MB)
Corporate Governance(PDF, 409KB)
Historical data(XLS, 160KB)
