Aerial view of farm fields Aerial view of farm fields

Integrated Report 2022

Yara’s Integrated Report 2022 outlines our performance and how we are putting our ambition of Growing a Nature-Positive Food Future into action.

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Svein Tore Holsether, Yara President and CEO

“We entered 2022 expecting calmer waters only to experience the most turbulent period since the Second World War. Our ability to navigate through these times of crisis says everything about our solutions, dedication, and endurance.”

Svein Tore Holsether
President and CEO

Field at sunset Field at sunset

 

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.

 

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 2022

Our Strategy scorecard shows the KPIs we use to measure the progress on the execution of our corporate strategy.

People icon People performance

Yara KPI Measure 2022 2025 Target

Strive towards zero accidents

TRI

1.1

<1.0

Engagement index

Index

78

Top quartile

Diversity and inclusion index

Index

75

Top quartile

Female senior managers1)

%

29

40

1) Measured annually

Planet icon Planet performance

Yara KPI Measure 2022 2025 Target

Energy efficiency1)

GJ/t NH3

33.72)

32.7

GHG emissions, intensity

t CO2e /t N

3.1

2.7

GHG emissions, scope 1+23)

CO2e

-14%

-30%

Active hectares4)

MHa

15

150

Carbon marketplace5)

 

 

TBD

1) Energy efficiency target is for 2023
2) Restated from Yara International ASA 2022 fourth-quarter results
3) GHG absolute emissions scope 1+2 target is for 2030 with a 2019 baseline
4) Cropland with digital farming user activity within defined frequency parameters
5) Reported upon updates

Prosperity icon Prosperity performance

Yara KPI Measure 2022 2025 Target

Ammonia production1)

Mt

7.7

8.6

Finished fertilizer production1)

Mt

20.5

22.5

Premium generated3)

MUSD

1,808

N/A

Revenues from new business models

MUSD

22

1,500

Revenues from online sales

MUSD

17

1,200

Working capital1,2)

Days

87

92

Capital return (ROIC)2),5)

%

25.7

>10

Fixed costs2)

MUSD

2,379

Beat inflation

Capex4)

BUSD

1

1.2

Net debt/EBITDA2)

Ratio

0.66

1.5-2.0

MSCI rating

Score

A

A

Sustainalytics rating

Score

Med

Med


1) Yara Improvement Program target for 2023
2) See page 267 in the Integrated report for definitions, explanations, and reconciliations of Alternative Performance Measures (APMs).
3) Market reference used in the premium calculation is currently under review
4) CAPEX max 1.2 BUSD (including maintenance) in 2022 real terms
5) Fixed cost target is annual

Agave field Agave field

 

Yara’s road to 2030 and beyond

Yara is committed to Growing a Nature-Positive Food Future. To succeed, we must reduce our direct and indirect emissions, as well as the emissions from the use of our products. Yara’s 2030 targets will help us do that. Read more about our Climate and Nature Roadmap in the Integrated report.

 

Three pillars of our strategic ambition

Driven by our purpose, science, and more than 100 years of agronomic knowledge, we need to give back to Earth more than we take. We will focus our efforts on three pillars where we aim to create a tangible global impact: