Sustainability Report 2022
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Yara's Sustainability report 2022 details our performance and governance on materially important sustainability topics.
Working together with nature
The planet is up against both a climate crisis and a nature crisis. Solving these two crises while feeding a growing population will require a fundamental transformation of the way we produce food. During a challenging 2022, Yara’s people, culture and business model have continued to create value for our shareholders, farmers, suppliers, and society at large, while making progress towards Growing a Nature-Positive Food Future.
People
Our people are our greatest asset. Their knowledge help to feed 200 million people.
Planet
We are meeting global challenges head on with green solutions and ambitious climate targets.
Prosperity
We target superior returns from efficient operations and new and greener revenue streams.
Governance
We ensure that success is achieved in the right way, to the highest standards.
Strategy scorecard 2022
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
On the road to climate neutrality
To reach our target of becoming climate-neutral by 2050, reducing our own direct emissions is key. The massive work to reach our commitments currently counts 102 projects at plants in all regions at an estimated investment of USD 320 million. In 2022, several projects were completed, moving us one step closer to climate neutrality. Read more in the Sustainability report.
