Sustainability Report 2022
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Yara's Sustainability report 2022 details our performance and governance on materially important sustainability topics.
Working together with nature
The planet is up against both a climate crisis and a nature crisis. Solving these two crises while feeding a growing population will require a fundamental transformation of the way we produce food. During a challenging 2022, Yara’s people, culture and business model have continued to create value for our shareholders, farmers, suppliers, and society at large, while making progress towards Growing a Nature-Positive Food Future.
People
Our people are our greatest asset. Their knowledge help to feed 200 million people.
Planet
We are meeting global challenges head on with green solutions and ambitious climate targets.
Profit
We target superior returns from efficient operations and new and greener revenue streams.
Strategy scorecard 2023
Our Strategy scorecard shows the KPIs we use to measure the progress on the execution of our corporate strategy.
![People icon]()
People performance
Our people are our greatest asset. Their knowledge help to feed 200 million people.
| Yara KPI | Measure | 2023 | 2025 Target |
|---|---|---|---|
|
Strive towards zero accidents |
TRI |
1.1 |
<1.0 |
|
Engagement index1) |
Index |
77 |
Top quartile |
|
Diversity and inclusion index1) |
Index |
75 |
Top quartile |
|
Female senior managers2) |
% |
32 |
40 |
1) Measured annually
2) Status at year-end
![Planet icon]()
Planet performance
We are meeting global challenges head on with green solutions and ambitious climate targets.
| Yara KPI | Measure | 2023 | 2025 Target |
|---|---|---|---|
|
GHG emissions, intensity |
t CO2e /t N |
3.0 |
2.7 |
|
GHG emissions, scope 1+21) |
CO2e |
-16% |
-30% |
|
Digitized hectares2) |
MHa |
23 |
150 |
|
MSCI rating |
Score |
AA |
A |
1) GHG absolute emissions scope 1+2 target is for 2030 with a 2019 baseline. Due to reconciliation and validation, the 2023 figure deviates slightly from data reported in the Q4 presentation.
2)Cropland with digital farming user activity within defined frequency parameter
![Prosperity icon]()
Profit performance
We target superior returns from efficient operations and new and greener revenue streams.
| Yara KPI | Measure | 2023 | 2025 Target |
|---|---|---|---|
|
Ammonia production1) |
Mt |
7.8 |
8.6 |
|
Finished fertilizer production1) |
Mt |
21.1 |
22.5 |
|
Premium generated2)3) |
MUSD |
1,877 |
N/A |
|
Operating capital3) |
Days |
105 |
92 |
| Capital return (ROIC) |
% |
2.9 |
>10 |
| Fixed costs in core business4) |
MUSD |
2,351 |
Beat inflation |
1) Yara Improvement Program performance
2) Figures for 2021 and 2022 changed following a revision of the market references applied.
3) See page 343 in the Integrated report for definitions, explanations, and reconciliations of Alternative Performance Measures (APMs).
4) Fixed cost target is annual
On the road to climate neutrality
To reach our target of becoming climate-neutral by 2050, reducing our own direct emissions is key. The massive work to reach our commitments currently counts 102 projects at plants in all regions at an estimated investment of USD 320 million. In 2022, several projects were completed, moving us one step closer to climate neutrality. Read more in the Sustainability report.
