Integrated Report 2023
Yara’s Integrated Report 2023 outlines our performance and how we are putting our ambition of Growing a Nature-Positive Food Future into action.
"Last year was characterized by volatility and challenges, but also by efforts to drive the energy transition and curb emissions. At Yara, we are balancing the handling of significant disruptions in the short-term with positioning ourselves for the longer-term."
Svein Tore Holsether
President and CEO
Adapting to new times
Our 2023 sustainability statements marks a shift in our reporting.
We have for the first time included all sustainability disclosures in this integrated report and adopted key principles and disclosures from the Corporate Sustainability Reporting Directive (CSRD) and its accompanying European Sustainability Reporting Standards (ESRS).
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
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:
