Our approach
What gets measured gets managed. That is why we manage and measure our value creation along the four pillars of People, Planet, Prosperity, and Governance.
Our reporting reflects the way we manage our performance – holistically.
How we manage our performance
Our approach
People Performance
We want to build a culture of engagement, entrepreneurship, diversity and inclusion to tackle the challenges ahead of us.
Our people performanceOur approach
Planet performance
Decarbonizing our own operations is critical, but so is contributing to reduce emissions from the broader food system.
Our planet performanceOur approach
Prosperity Performance
Yara will continue to work for a profitable green shift, creating value for our shareholders, customers, and society at large
Our prosperity performanceOur approach
Governance performance
Sound governance ensures that success is achieved in the right way, and is the foundation for our performance.
Our governance performanceTopics that matter most to Yara
At Yara, we want to direct our attention and efforts to the topics that truly matter to our value creation and to our stakeholders. We are conscious of the fact that risks and opportunities can be material from both a financial and non-financial perspective, recognizing the concept of double materiality.
Strategy scorecard
Our Strategy scorecard shows the KPIs we use to measure the progress on the execution of our corporate strategy.
![People icon]()
People performance
| Yara KPI | Measure | 2022 | 2025 Target |
|---|---|---|---|
|
Strive towards zero accidents |
TRI |
1.1 |
<1.0 |
|
Engagement index |
Index |
78 |
Top quartile |
|
Diversity and inclusion index |
Index |
75 |
Top quartile |
|
Female senior managers1) |
% |
29 |
40 |
1) Measured annually
![Planet icon]()
Planet performance
| Yara KPI | Measure | 2022 | 2025 Target |
|---|---|---|---|
|
Energy efficiency1) |
GJ/t NH3 |
33.72) |
32.7 |
|
GHG emissions, intensity |
t CO2e /t N |
3.1 |
2.7 |
|
GHG emissions, scope 1+23) |
CO2e |
-14% |
-30% |
|
Active hectares4) |
MHa |
15 |
150 |
|
Carbon marketplace5) |
|
|
TBD |
1) Energy efficiency target is for 2023
2) Restated from Yara International ASA 2022 fourth-quarter results
3) GHG absolute emissions scope 1+2 target is for 2030 with a 2019 baseline
4) Cropland with digital farming user activity within defined frequency parameters
5) Reported upon updates
![Prosperity icon]()
Prosperity performance
| Yara KPI | Measure | 2022 | 2025 Target |
|---|---|---|---|
|
Ammonia production1) |
Mt |
7.7 |
8.6 |
|
Finished fertilizer production1) |
Mt |
20.5 |
22.5 |
|
Premium generated3) |
MUSD |
1,808 |
N/A |
|
Revenues from new business models |
MUSD |
22 |
1,500 |
|
Revenues from online sales |
MUSD |
17 |
1,200 |
|
Working capital1,2) |
Days |
87 |
92 |
| Capital return (ROIC)2),5) |
% |
25.7 |
>10 |
| Fixed costs2) |
MUSD |
2,379 |
Beat inflation |
| Capex4) |
BUSD |
1 |
1.2 |
| Net debt/EBITDA2) |
Ratio |
0.66 |
1.5-2.0 |
| MSCI rating |
Score |
A |
A |
| Sustainalytics rating |
Score |
Med |
Med |
1) Yara Improvement Program target for 2023
2) See page 267 in the Integrated report for definitions, explanations, and reconciliations of Alternative Performance Measures (APMs).
3) Market reference used in the premium calculation is currently under review
4) CAPEX max 1.2 BUSD (including maintenance) in 2022 real terms
5) Fixed cost target is annual
