Yara Integrated Report 2020 | Yara Annual Report 2020

“I was proud and very satisfied when we closed the book on a year that will go down in history as annus horribilis.”

Svein Tore Holsether, President and CEO

Integrated Report 2020

Yara’s Integrated Report 2020 outlines our business model and strategy, describes how we create value and reflects how we manage our performance – holistically.

Download the Integrated Report 2020 ▼

People

Our people are our greatest asset, and their knowledge help to feed 262 million people.

Planet

Green solutions and ambitious climate targets. We are meeting global challenges head on.

Prosperity

We target superior returns from efficient operations and new and greener revenue streams.

Performance highlights 2020

We manage and measure our performance around the three pillars People, Planet, and Prosperity – and report accordingly.

People performance

sdg 5 sdg 8 sdg 10 sdg 16

Yara KPI	Measure	2020	2025 Target
Strive towards zero accidents	TRI	1.3	<1.0
Engagement index	%	79	Top quartile
Diversity and inclusion index	%	74	Top quartile
Female senior managers	%	20	>35

Planet performance

sdg 2 sdg 6 sdg 7 sdg 8

sdg 13 sdg 14 sdg 17

Yara KPI	Measure	2020	2025 Target
Energy efficiency	GJ/t NH3	33.2	32.7*
GHG emissions, intensity	t CO2e /t N	3.0	2.7
GHG emissions, scope 1+2	%	-4	-30**
Hectares under management	Mha	14.5	150***
Carbon marketplace	TBD	TBD	TBD

* Energy efficiency target is for 2023.
** GHG emissions scope 1+2 target is for 2030 from a 2019 baseline.
*** The indicator definition is updated, so historic figures are not fully aligned with the target figure.

Prosperity performance

sdg 2 sdg 6 sdg 8 sdg 9

sdg 13 sdg 17 sdg wheel

Yara KPI	Measure	2020	2025 Target
Ammonia production	Mt	7.7*	8.9
Finished fertilizer production	Mt	21.3*	23.9
Premium generated	MUSD	TBD	TBD
Revenues from new business models**	BUSD	TBD	1.5
Revenues from online sales**	BUSD	TBD	1.2
Working capital	Days	113	92
Capital return (ROIC)	%	8.0	>10
Fixed costs	MUSD	2,322	2,314
Capex	MUSD	769	1,200
Net debt/EBITDA	Ratio	1.36	1.5-2.0
MSCI rating	Score	BBB	A
Sustainalytics rating	Score	Med	Med

*Production output measured on rolling 12 months, adjusted for major turnarounds and market optimization effects.
**Documentation for the KPIs that were launched at the ESG seminar in December 2020 is ongoing.

Partnering from soil to supermarket

Agriculture and the food value chain are becoming increasingly integrated and in 2020, Yara entered several new partnerships to develop sustainable food solutions. In a new pilot project, Nestlé and Yara collaborate to improve the sustainability, productivity, and profitability of dairy farming. Read more about the remarkable results in the Integrated Report.

Our strategy

Broadening our core

Over the past two decades, Yara’s business model has developed from focusing on our asset and product base – what we have – to focusing on farmers and complete solutions – how we can contribute.

We will continue to improve our fertilizer production and competitive edge – what we have – but we are increasingly aiming to expand this core - tapping into the opportunities emerging in our business environment – how we can contribute.

Downloads section

Download the 2020 reports below

Yara Integrated Report 2020

pdf 13.8 MB

Yara Sustainability Report 2020

pdf 12.4 MB

Yara Country-by-country Report 2020

pdf 0.4 MB

We are geared to grow Yara and protect and improve the world we live in!

Want to learn more about our work?

Sustainability

See how our solutions respond to the planet's greatest challenges

Knowledge grows

Learn more about our organization's history and performance

Sustainability Report 2020

Get the details about our performance and governance of key sustainability topics.

How we help farmers

Why fertilizer?

Products and solutions

Digital farming

Growing a climate positive food future