Sustainability Report 2021

Our reporting reflects the way we manage our performance – holistically. The Sustainability Report 2021 provides details about our performance and governance of material sustainability topics.

Growing a nature-positive food future

Our new ambition statement encompasses our expertise in crop nutrition solutions and our goal of climate-neutrality, but also goes further. We will expand our knowledge-sharing to create measurable, positive global impact in order to help feed the world and contribute to a responsible food system while protecting nature, reducing emissions, and improving livelihoods.

Topics that truly matter

Yara agronomist and farmer inspecting wheat in farm

Download Yara Sustainability Report 2021 (pdf, 9 MB)

People

Our people are our greatest asset. Their knowledge help to feed 289 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.

Stategy scorecard 2021

Our Strategy scorecard shows the KPIs we use to measure the progress on the execution of our corporate strategy.

People performance

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 performance

Yara KPI	Measure	2021	2025 Target
Energy efficiency*	GJ/t NH3	34.1	33.3
GHG emissions, intensity	t CO₂e /t N	3.0	2.7
GHG emissions, scope 1+2**	% CO₂e	(5)	(30)
Active hectares***	MHa	8.2	150
Carbon marketplace			tbd

* Energy efficiency target is for 2021. Energy efficiency numbers refer to operational control and include all ammonia plants. Hence the numbers are not comparable to the energy efficiency numbers in the Integrated Report where only 49% Tringen is included and the plants of Babrala and Cubatão are excluded.
** 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 performance

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
** CAPEX max 1.2 for 2022 onwards (including maintenance)

Embracing new standards

Yara has reported in accordance with the GRI Standards for the financial year 2021. We are early adopters of the GRI Universal Standards which will take effect from January 2023. Our 2021 report has been reviewed by a third party, and the auditor’s report and the GRI content index are both available in the report.

We are committed to reporting in accordance with the Measuring Stakeholder Capitalism white paper, issued by the World Economic Forum (WEF). Our adoption of the People, Planet, Prosperity, and Governance pillars reflect this commitment.

Learn more about how we have implemented the WEF framework, the EU Guidelines on reporting climate-related information, and the Task Force on Climate-related Financial Disclosures framework in our latest annual report.

Yara has voluntarily published an EU Taxonomy report on taxonomy-eligible activities for 2021. The full report is available in the Reports and presentations page.