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

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. 

People, Culture, and Leadership
Developing and retaining the skills, talent, and culture needed to deliver our strategy and realize our vision.

Stakeholders Diversity, equity and inclusion
Building a diverse and inclusive working environment and ensuring fair treatment and equitable opportunities for all employees.
Human rights and labour practices
Respecting internationally recognized human rights along with all relevant labor rights throughout our operations and supply chain and maintaining good and constructive relations with our employees and their organizations.
Health and well-being at work
Maintaining a healthy workplace to protect and promote the health and well-being of employees considering both their physical and psychosocial work environment.
Security, Emergency, and Data Privacy
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 throughout the entire value chain.
medium-ship.svg Opportunities in clean tech
Investing in 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 (GHG) emissions and adapting to climate change by increasing our resilience.

leaching Sustainable farm management and regenerative agriculture
Facilitating and supporting sustainable farming practices that impact positively on crop quality, GHG emissions, soil quality, and water use efficiency.
Renewable Energy Energy
Improving energy efficiency and defining the company position on sourcing of renewable energy.
medium-Emissions Air, Water, and Waste
We are working towards zero harm to the environment by protecting fresh air and clean water, by adopting the waste hierarchy, and by moving towards a circular economy.
Protection of ecosystems
Supporting biodiversity and health of ecosystems by understanding and addressing the impacts of our operations and products to plants, animal species, and
protected areas.
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 favorable 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
Maintain reliability of supply despite unpredictable market conditions, maintain high quality of product and long-term customer relations.
global supply chain Sustainable supply chains
Understanding, managing, and improving environmental, social, and economic impacts along the value chain.
Community Impact Socioeconomic impact on communities
Empowering and caring for the communities in which we operate.
Ethics Business integrity
Honoring responsible business conduct and promoting accountability by maintaining proper policies and practices, upholding a culture of respect, honesty and fairness, and contributing to transparency.
Regulatory changes Regulatory changes and compliance
Conforming to all applicable laws, regulations, standards, and voluntary commitments while keeping abreast of and prepared for new regulatory changes.
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 2022 Sustainability Report