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
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.
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.
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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%.
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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
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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.
