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.
“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
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 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 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 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
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:
