Our approach

Yara agronomist and farmer in grape farm

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.

 

Topics that matter most to Yara

Farmer carrying a bag of fertilizer in lettuce field

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.

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