Setting our priorities

In 2021, we renewed our approach to materiality. We widened our mapping of impacts, linked the materiality assessment to our stakeholder, strategy, and risk processes, and strengthened the connection between our material topics and performance management.

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.

We therefore define material topics as matters that have the potential to affect our value creation, along with topics that represent actual and potential negative or positive environmental and social impacts related to our activities and business relationships.

We are transforming our business with the ambition of offering nature-positive solutions, which entails both new challenges and new opportunities. 

Materiality process approach

Criteria used to prioritize topics

Materiality prioritization

Importance to Yara
Scale: Significance of negative or positive financial impact
Likelihood: Chance of the negative or positive impact materializing

Importance to stakeholders
Importance of topic to stakeholders’ assessments and decisions about Yara

Thresholds
We applied thresholds for tier 1 and tier 2 topics. This tiered approach clarifies our prioritization of issues

Material topics

Occupational and process safety
Keeping all our employees, contractors and neighbouring communities safe and minimally exposed to risks generated by our processes. 

Leadership and employee enablement
Developing, recruiting and retaining the skills and talent needed to deliver on our strategy and fulfil our purpose.

Diversity, equity and inclusion
Building an inclusive and diverse work environment, and ensuring fair treatment and equal opportunities for all employees.
Entrepreneurship and agility
Our ability to design, launch and run new business models to exploit business opportunities.
Human rights and labour practices
Respecting internationally recognized human rights along with all relevant labour rights throughout our operations and in our supply chain, and maintaining good and constructive relations with our employees and their organizations.
Health and well-being at work
Promoting a healthy working environment that protects the physical and mental well-being of all while at work.
Security and emergency
Protecting our people, environment, assets and reputation from internal and external threats and potential emergencies.
Product safety
Taking proper care of our products’ compliance, quality, safety and environmental footprint through the entire value chain.
medium-ship.svg Opportunities in clean tech
Reaping the benefits of implementing low-carbon and other environmental technologies in our operations and in our offerings.
Medium- climate change

Climate change
Mitigating climate change by reducing greenhouse gas emissions and adapting to climate change by increasing our resilience.

soil sample Sustainable farm management
Facilitating and supporting sustainable farming practices that impact positively on crop quality, GHG emissions, soil quality and water use efficiency.
Renewable Energy Energy
Improve energy efficiency and intensity, and define the company position on sourcing of renewable energy.
medium-water-drop.svg Water management in production
Protecting clean water and minimizing water stress by using water and managing discharges efficiently.
medium-Emissions Air quality
Protecting fresh air and preventing ambient air pollution by
mitigating emissions to air.
circular economy Circularity
Moving towards CircularEconomy by using materials efficiently and improving waste management by prioritizing recycling and circularity and developing technologies to enable it.
Protection of ecosystems
Supporting the health of ecosystems by preventing deforestation and loss of nature and species, and by preserving soil andwater quality.
profit Profitability
Sustaining profitability in our business and delivering superior shareholder returns based on reliable
and cost-efficient operations, capital discipline and global optimization.
Green Finance

Sustainable finance
Supporting sustainable finance by implementing sustainability criteria in our investment decisions, and maintaining a favourable ESG profile and high ratings on ESG criteria.

products digital Digitalization
Applying digital technologies to improve our production, agronomy services and overall business.
customer-services Customer management
Customers’ experience, interaction and perception of the whole series of encounters with Yara when they buy goods or services.
global supply chain Sustainable supply chains
Understanding and managing environmental, social and economic impacts along the value chain.
Community Impact Socioeconomic impact on communities
Establishing and maintaining mutually beneficial relationships with the communities in which we operate.
Ethics Business integrity
Honoring responsible business conduct and promotingaccountability by maintaining proper policies and practices, upholding a culture of respect, honesty and fairness, and contributing to transparency.
Regulatory changes Regulatory change and compliance
Conforming to all applicable laws, regulations, standards, permits and voluntary agreements while keeping abreast of and prepared for new regulatory changes.
Stakeholders Stakeholder engagement
Engaging with material stakeholders, including the processes in place to identify and understand stakeholders’ key concerns and Yara’s impact on stakeholders, for soliciting stakeholders’ input, and for guiding the Board’s prioritizations for long-term value creation.
Board Competancy Board composition and oversight
The extent to which the composition, role, and work of our Board of Directors is aligned with long-term value creation.

Read more in Yara's 2021 Sustainability report