Debt financing

Yara Green Financing Framework 2022

With its first Green Financing Framework Yara further underline its commitment to sustainability. The eligible green projects are expected to create substantial environmental benefits by decarbonizing the food chain, including fertilizer production and application, and limiting the need to expand farmland. CICERO has provided the second party opinion and rated the framework medium-green.

You can read more by downloading the Yara Green Financing Framework here (pdf, 3.9 MB) and the second party opinion from CICERO here (pdf, 0.6 MB). Green Bond Allocation Report 2022 can be found here (pdf, 5.9 MB).

Debt

We do not have specific debt ratio targets, but aim at having a medium investment grade credit rating. The only financial covenant is to have a debt to equity ratio below 1.4. The ratio was 0.49 at the end of 4Q 2023.

Credit Ratings

Yara has official ratings from Moody's Investors Services (Moody's) and S&P Global Ratings (S&P Global).

For rating definitions, see S&P Global and Moody's (links will open in a new window).

Download the S&P Global Ratings report of 5 December 2023 (pdf, 0.3MB) and the Moody's report of 27 November 2023 (pdf, 1.3MB).

ESG Scores

ESG ratings are efficient tools to compare our sustainability performance to that of peers, map best practices and track reporting trends. See Yara's most recent ESG scores.

Bonds

Maturity profile and financial capacity

We have substantial undrawn credit facilities which provide financial flexibility. You can find the maturity profile of our bond debt here.