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
| Yara KPI | Measure | 2021 | 2025 Target |
|
Strive towards zero accidents |
TRI | 1.0 | <1.0 |
|
Engagement index |
Index | 79 | Top quartile |
| Diversity and inclusion index | Index | 77 | Top quartile |
| Female senior managers* | % | 29 | 40 |
* The definition of the KPI was updated during 2021, and the target performance was changed from 35% to 40%.
![Planet icon]()
Planet
|
Yara KPI |
Measure | 2021 | 2025 Target |
|
Energy efficiency* |
GJ/t NH3 | 33.4 | 32.7 |
|
GHG emissions, intensity |
t CO2e /t N | 3.0 | 2.7 |
| GHG emissions, scope 1+2** | Mt CO2e | 17.5 | 13.0 |
| Active hectares*** | MHa | 8.2 | 150 |
| Carbon marketplace | Tbd |
* Energy efficiency target is for 2023
** GHG absolute emissions scope 1+2 target is a 30% reduction by 2030 from a 2019 baseline
*** Cropland with digital farming user activity within defined frequency parameters
![Prosperity icon]()
Prosperity
| Yara KPI | Measure | 2021 | 2025 Target |
|
Ammonia production* |
Mt | 7.8 | 8.9 |
|
Finished fertilizer production* |
Mt | 21.8 | 23.9 |
| Premium generated | MUSD | 280 | N/A |
| Revenues from new business models | MUSD | 11 | 1,500 |
| Revenues from online sales | MUSD | 4 | 1,200 |
| Working capital** | Days | 83 | 92 |
| Capital return (ROIC)** | % | 7.9 | >10 |
| Fixed costs** | MUSD | 2,487 |
2,314 |
| Capex*** | BUSD | 0.9 | 1.2 |
| Net debt/EBITDA** | Ratio | 1.36 | 1.5-2.0 |
| MSCI rating | Score | A | A |
| Sustainalytics rating | Score | Med | Med |
* Target is for 2023
** See page 255 for definitions, explanations, and reconciliations of Alternative Performance
Measures (APMs).
*** CAPEX max 1.2 for 2022 onwards (including maintenance)
