Climate Action: Yara's road to 2030 and beyond
Yara is committed to Growing a Nature-Positive Food Future. To succeed, we must reduce our direct and indirect emissions, as well as the emissions from the use of our products. Yara’s 2030 targets will help us do that.
Yara has set targets across scopes 1, 2, and 3 to align our climate targets with the commitments of the Paris Agreement.
The following near-term targets have been submitted to the Science Based Targets initiative:
- 30% absolute reduction in scope 1 and 2 emissions by 2030 from a 2019 baseline.
- 11.1% absolute reduction in scope 3 emissions from the use of sold products by 2030 from a 2021 baseline.
The targets follow the absolute contraction approach. Yara is committed to setting science-based climate targets and has made significant progress.
Due to complexities linked to scopes allocation of specific emissions, the process is taking longer than expected. Yara remains part of the Sectoral Decarbonization Approach process, which will determine a 1.5°C-aligned GHG emissions reductions pathway for the chemical industry, including the fertilizer industry.
“Ensuring enough food for a growing global population while preventing the most harmful effects of climate change is the challenge of a lifetime. Yara’s science-based targets will serve as governance tools for developing our business in line with independent climate science and guide us towards Growing a Nature-Positive Food Future.”
Yara is currently developing its roadmap to 2030 and beyond, establishing how much Yara must reduce its emissions and how to make it happen. Meeting the 2030 targets is a key milestone in the roadmap work and puts Yara firmly on the path to climate neutrality.
“Yara has a strong track record in greenhouse gas abatement and mitigation. We have halved our own emissions since becoming a listed company in 2004 and will reduce a further 30 percent by 2030. To contribute to mitigating climate change, and to create a more resilient food system, we have committed to not only reducing our own emissions, but also the emissions from the use of our products,” says Yara’s President and CEO, Svein Tore Holsether.
Yara has a portfolio of decarbonization projects to reduce its own emissions and deliver on the scope 1 and 2 targets, such as the transition to renewable energy and the carbon capture and storage (CCS) projects at Yara facilities in Norway, the Netherlands, and Australia.
To reduce scope 3 emissions from the use of Yara’s products, Yara is engaging extensively with farmers, food companies, and local and national authorities to reduce the N2O emissions from agriculture. Yara Agronomy R&D (YARD) has developed a high level of expertise in N2O emission research based on more than a decade of field, greenhouse, and lab trial work. The research focuses on the manyfold factors influencing N2O emissions from fertilizer use in the field, and YARD has established an international scientific network with partners from academia, research institutes, and industry.
Our N2O R&D activities can be grouped into
- Basic scientific research
- More accurate accounting of in-field N2O emissions
- Development of innovative fertilizer products reducing N2O emissions, and
- Development of recommendations for climate-friendly fertilizer management for farmers.
The knowledge derived from YARD’s research initiatives will be used to improve Yara’s current company accounting and to define N2O mitigation strategies, which will help reduce both Yara’s emissions as well as those from agriculture and food production in general.
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