Yara Integrated Report 2021
Growing a Nature- Positive Food Future
Growing a Nature-Positive Food Future
To better reflect our holistic and progressive strategy, 'Growing a Nature-Positive Food Future' is our new ambition statement. This encompasses our expertise in crop nutrition solutions and our goal of climate neutrality, but also goes further. We will expand our knowledge-sharing to create measurable, positive global impact in order to help feed the world and contribute to a responsible food system while protecting nature, reducing emissions, and improving livelihoods.
Concretely, we will:
- Establish partnerships to decarbonize agriculture and shipping
- Use our deep and growing knowledge, products, and digital solutions to enhance crops and soil health, while reducing pollution
- Reach more farmers and communities to improve nutrition and quality of life through our global scale
- Protect and restore nature and reverse climate change through science-based targets and actions
- Contribute to creating a viable, profitable food future for all
The new ambition statement will be our guide to areas where we will aim to create positive global impact, and where we will measure success. Our new KPI and target structure will enable us to fine-tune our performance tracking.
Our strategic pillars remain the same - to advance operational excellence and expand our reach and offerings. Yara's ability to drive change is based on operating a worldwide production- trade- and marketing system, with people on the ground in more than 60 countries. We are involved throughout the food value chain, from mining of minerals, to processing and providing expert crop nutrition advice to farmers, to piloting organic-based fertilizer products, leveraging upcycled nutrients in our product portfolio.
We recognize the urgent nature and climate crises which are unfolding, and we are positioning Yara to play an important role in driving change and value creation for the future.
Key figures
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara's ambition is focused on growing a nature positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
17,800 employees
58 NOK
Total cash returns per share paid and proposed for 2021
ROIC (Percent) | TRI | |||||||||||||||||||||
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To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners through-
7.9%
Return on invested capital
2021 2020
1) See page 255for definitions, |
explanations and reconciliations of |
alternative Performance Measures |
out the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry's only global crop nutrition company. We operate an integrated business model with around 17,800 employees and operations in over 60 countries, with a proven track record of strong returns. In 2021, Yara reported revenues of USD 16.6 billion.
1,068
77%
17.5
(8.0% in 2020)⁜1)
MUSD
Operating income (1,176 in 2020)⁜1)
Diversity and inclusion index (74% in 2020)
million tonnes
Scope 1+2 CO2e emissions (17.7 in 2020)
Prosperity performance
Revenue and other Income Operating income⁜1) EBITDA⁜1)⁜2)
Net income attributable to shareholders of the parent
Investments⁜3) Debt/Equity ratio⁜1)⁜4)
Net cash flow from operations Basic earnings per share⁜5)
People performance
Engagement rate
TRI rates⁜6)
USD million | 16,607 | 11,728 |
USD million | 1,068 | 1,176 |
USD million | 2,804 | 2,223 |
USD million | 384 | 691 |
USD million | 902 | 933 |
0.55 | 0.36 | |
USD million | 1,406 | 2,047 |
USD | 1.75 | 2.58 |
Percent | 79 | 79 |
Per million | 1.0 | 1.3 |
hours worked | ||
(APMs). | |
2) | EBITDA, as defined by Yara, includes |
operating income, interest income, | |
other financial income and share of net | |
income in equity-accounted investees. It | |
excludes depreciation, amortization and | |
impairment loss, as well as amortization | |
of excess values in equity-accounted | |
investees. | |
3) | Investment in property, plant and |
equipment, long-term securities, | |
intangibles, long-term advances and | |
investments in non-consolidated | |
investees. | |
4) | Net interest-bearing debt divided by |
shareholders' equity plus non-controlling | |
interests. | |
5) | Yara currently has no share-based |
compensation program that results in a | |
dilutive effect on earnings per share. | |
6) | TRI: Number of Total Recordable Injuries |
per million hours worked, contractors | |
included. |
SHORTCUT
Go to the Financial Statements for 2021 here
Planet performance | |
GHG intensity⁜7) | GHG/tonne |
produced | |
Energy use | Petajoules |
7) The GHG intensity indicator covers scope | ||
1, 2 and parts of scope 3 emissions | ||
3.0 | 3.0 | from suppliers, but does not represent |
a complete carbon footprint. Measured | ||
279 | against tonnes nitrogen in Yara's | |
products. |
Global presence
Yara is the industry's most global player. We combine production and marketing of crop nutrition products and solutions with a farmer-centric approach, turning a century of agronomic knowledge into value for millions of farmers around the globe.
Yara-branded retail outlets around the world
10,800+
Countries with | Countries with sales | ||
operations | |||
60 | 160 )sales -) | ||
Production plants | Terminals, warehouses, blending | ||
units and bagging facilities | nes | ||
28 | 200 | ||
1) More than 10,800 Yara-branded retail outlets around the world
2) Yara operated terminals and logistical production sites
3) Salitre, Brazil, is being divested
Countries with sales⁜1) | Yara Plants | Phosphate mines⁜3) | Sales/marketing offices, R&D sites |
Head office | Smaller sites⁜2) | Joint ventures | Digital Hub |
Yara Integrated Report 2021
- THIS IS YARA
- YEAR IN REVIEW
- FROM THE BOARDROOM
- FINANCIAL STATEMENTS
Content 01
THIS IS YARA
Our strategic direction
02
YEAR IN REVIEW
Responsible performance
03 | 04 |
FROM THE BOARDROOM | FINANCIAL STATEMENTS |
Delivering on | Transparent |
our commitment | performance |
About the report
This is Yara International ASA's 2021 Integrated Report. Yara's integrated report builds on the guiding principles set out in the International Framework from the Value Reporting Foundation. The report outlines Yara's business model and strat- egy, describes how we create value, and documents our People, Planet, Prosperity and Governancein 2021. Additional information on sustainability topics is available in the separate Sustainability report available on yara.com.
CEO message | 07 | |
2021 Highlights | 10 | |
Company presentation | 11 | |
How | we create value | 14 |
Clean ammonia to grow a | ||
Nature‑Positive Food Future | 15 | |
Megatrends | 18 | |
Our strategy | 20 | |
Strategy scorecard | 24 | |
Managing outcomes | 28 | |
Engaging with our stakeholders | 30 | |
Materiality | 35 |
PEOPLE | 39 |
Black Talent Initiative | 40 |
People performance | 43 |
⁜ | |
PLANET | 50 |
Five questions on regenerative | |
agriculture | 51 |
Planet performance | 53 |
⁜ | |
PROSPERITY | 56 |
A new era of digital production | 57 |
Prosperity performance | 59 |
The Yara share | 68 |
⁜ | |
GOVERNANCE | 71 |
Ethics & Compliance on demand | 72 |
Governance performance | 73 |
⁜ | |
External framework guidance | 75 |
Corporate governance
Group Executive Board Board of Directors Board message
Risk management
79 | Consolidated | financial statements | 126 |
97 | Financial | statements for | |
101 | YaraInternationalASA | 220 | |
106 Statement from the Board and the
CEOofYaraInternationalASA 247
116 | Auditor's report | 250 |
Reconciliation of alternative | ||
performance measures in | ||
theYaraGroup | 255 |
Listed as one of the 100 most sustainably managed companies in the world
Yara was ranked as no. 29 on Fortune's prestigious Change the World List
Number three in a review of ESG disclosures from the 100 largest companies on the Oslo Stock Exchange
Yara won the Finance for the Future award in the category "Communicating Integrated Thinking"
Medium risk and number two of 60 Agri-Chemicals companies
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Yara International ASA published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 20:23:03 UTC.