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Yara Integrated Report 2024
Acting today to
prepare for tomorrow
ARTBOX REPORT TEMPLATE ALL RIGHTS RESERVED © ARTBOX AS
Driving long-term returns
In 2024, we achieved all-time highs in production
1)
performance.
Returns improved but were still below target. Our priority now is
to strengthen our competitiveness and shareholder returns. Here’s
how we intend to progress.
1)
Adjusted for portfolio changes. Major planned maintenance and market-driven curtailments added back.
Cost and
investments
We will prioritize core operations and high-return assets, while cutting cost,
scaling down other activities and divesting or transforming non-core assets.
+
+
Asset
portfolio
Low-cost and
low-emission ammonia
We will focus on value-accretive growth in ammonia
and prioritize premium over volume.
Premium and
low-carbon products
Future-proofing core operations
and increasing shareholder returns
Reduce and optimize
Leverage and grow
Yara Integrated Report 2024Yara Integrated Report 2024
22
Contents
2024 in brief
Strategy and governance
Sustainability statements
Financial statements
ARTBOX REPORT TEMPLATE ALL RIGHTS RESERVED © ARTBOX AS
Contents
2024 in brief
Strategy and governance
Sustainability statements
Financial statements
Go back
2024 in brief
Key figures
5
CEO message
6
Key developments in 2024
9
Strategy and governance
About Yara
12
Strategy
16
Performance
19
The Yara share
33
Corporate governance
36
Group Executive Board
54
Board of Directors
58
Risk management
62
Sustainability statements
General information
72
Environmental information
103
Social information
156
Governance information
200
Content indexes
209
Signatures from the
Board and CEO of
Yara International ASA
214
Financial statements
Consolidated
financial statements
216
Financial statements of
Yara International ASA
301
Statement from the Board and
CEO of Yara International ASA
325
Independent auditor’s report
326
Independent sustainability
auditor’s assurance report
332
Reconciliation of Alternative
performance measures in the
Yara Group
336
Contents
These two chapters constitute the Report of the Board of Directors
About the report
This is Yara International ASA’s
2024 Integrated Report. It marks
a change in our annual reporting as
it includes, for the first time, Yara’s
sustainability statements to comply
with the Norwegian Accounting
Act, which includes requirements to
adopt sustainability reporting based
on the EU Corporate Sustainability
Reporting Directive (CSRD) and
European Sustainability Reporting
Standards (ESRS).
Additional information is available in
the following reports for the financial
year 2024, both available at the
Latest annual report page at yara.com:
• Yara Executive Remuneration
Report 2024
• Yara Country-by-Country
Report 2024
Yara Integrated Report 2024Yara Integrated Report 2024
33
Contents
2024 in brief
Strategy and governance
Sustainability statements
Financial statements
ARTBOX REPORT TEMPLATE ALL RIGHTS RESERVED © ARTBOX AS
Contents
2024 in brief
Strategy and governance
Sustainability statements
Financial statements
Go back