Yara

Yara
Quick Facts
Type	Public
sector	Fertilizer
Headquarters (Benelux Organization)	Oslo, Norway
Year of Origin	1905
Emissions (All Scopes)	71,1 Megatons of CO2 (2020)
Net Income	USD$ 11,6 billion (2020)
Key People	Svein Tore Holsether (CEO Yara worldwide) Michael Schlaug (CEO Yara Sluiskil)
Subsidiaries	Yara group consists of 127 legal entities

Yara

Yara is a wellknown international company active in the business of fertilizers. The focus of this page is the Dutch branch of Yara. In the Netherlands, Yara is located in Sluiskil and in Vlaardingen. Yara Sluiskil is the largest fertilizer plant in North-western Europe, and in Vlaardingen Yara mainly produces soluble fertilizers, potting soil fertilizers and liquid fertilizers. Where accessible, data from the Dutch locations is used. Where no information is available or information from the mothercompany is more relevant, this information is used. The facts on the right of the page are based on information from the Dutch plants only.

Yara International

Yara, stylized as Yara, was founded in 1905 and currently operating an integrated business model with around 17000 employees and operations in over 60 countries. Yara claims to be the world’s leading fertilizer company and a provider of environmental solutions. In 2020, Yara’s reported revenu was 11,6 billion USD. Operating income was 1,1 billion USD. Net income was 690 million USD. Effective tax rate was 19%. Yara shares are traded at the Oslo Stock Exchange. Norwegian state owns most of the shares (36,2%). Norwegian private partners own 23,9%. The rest of the shares are primarily US or UK owned. Yara is headquartered in Oslo, Norway. Yara’s balance sheet value was 16605 million in 2020.

Yara Netherlands

Yara has a plant in Sluiskil and a location in Vlaardingen.

Yara Sluiskil has been active since 1929 when it started producing ammoniumsulphate. Yara Sluiskil takes up about 15% of the total production volume of the entire Yara company. Yara Sluiskil employs 666 people and processes about 5 million tonnes of product on a yearly basis. Yara claims to have reduced its CO2 emission from 2005 to 2015 by 60% while production increases by 1,5 million tonnes. Yara Sluiskil is the largest factory of articifial fertilizer in Northern Europe. According to the country by country report of Yara, the revenu of the different branches in the Netherlands was combined 1,028 billion USD. Profit before taxes is 2,136 billion USD. The profit is twice the revenu. Suspected is some tax structures are applied here. Yara Sluiskil makes a revenu of 835 million USD, profit before taxes is 141 million USD. These numbers deviate largely from the numbers circulating in the press. De Groene Amsterdammer published in 2018 that Yara Sluiskil had a revenue of 730 million EUR with a profit of only 33 million EUR.

Yara Vlaardingen produces water soluble fertilizers, potting soil fertilizers and liquid fertilizers targeting the fertigation segment. Information on Yara Vlaardingen is very limited. There is no information available about remuneration of the direction or balance sheet value of Yara Netherlands.

Company Structure

Yara International

Yara is 50% owner of Yara Pilbara Nitrates Pty Ltd (Australia), 49% owner of Trinidad Nitrogen Co. Litd. (Trinidad) and 68% ownership of Yara Freeport LLC DBA Texas Ammonia (USA). Yara has a non-controlling interest in Yara Dallol (Netherlands).

Yara Netherlands

The Yara group consists of 127 legal entities Yara Nederland B.V. is the main parents to 15 of these legal entities. Next to that Yara Holding Netherlands B.V. is also registered in the Netherlands.

The information below on board of directors and supervisory board is all data from the mothercompany. There is very limited information on the directors of the Dutch branches.

Board of Directors

Yara Group Executive Board

Name	Function	Remuneration x1000 EUR
Svein Tore Holsether	Chief Executive Officer & President	720
Tove Anderson	Europe	378
Pål Hestad	Global Plants & Operational Excellence	187
Lars Røsæg	Chief Financial Officer	187
Kristine Ryssdal	Legal & HR	350
Terje Knutsen	Farming Solutions	355
Pablo Barrera Lopez	Communication & Procurement	350
Chrystel Monthean	Americas	193
Fernanda Lopes Larsen	Africa & Asia	80

These numbers exclude share-based remuneration and other benefits.

Yara Board of Directors

Yara Board of Directors

Name	Function	Remuneration x1000 EUR
Trond Berger	Chair	773
Kimberley Lein-Mathisen	Vice-chair	40
Rune Bratteberg	Member	48
Håkon Reistad Fure	Member	44
Ragnhild Flesland Høimyr	Member	24
Øystein J. Kostøl	Member	24
Adele Bugge Norman Pran	Member	53
Geir O. Sundbø	Member	44
John Thuestad	Member	56
Brigitte Ringstad Vartdal	Member	29

These number exclude compensation in shares and dividend.

Yara Netherlands

Michael Schlaug is the general director of Yara Sluiskil. Gijsbrecht Gunter is the manager of external affairs and communicaion for Yara Sluiskil. No other information on the direction of Yara Sluiskil or Yara Netherlands can be found online.

Accountant

Deloitte is the independent auditor of Yara, both the parents company as well as most of the subsidiaries.

Main Activities

Yara is the worlds leading fertilizer company. One of Yara's main ingredients is ammoniak. This is a very high energy-consuming production process.

Government

To what extent can the government influence company policy? (shareholder, licensing authority, client etc.) Has company received NOW support or royal status?

Current Policies and Emissions

Yara International

‘’Planet’’ is weighed for 25% in the performance indicators based on which remuneration of the board executives is decided.

Yara is well positioned to meet is reduction target of 55% by 2030 compared to 1990 levels. Yara has the ambition to reduce scope 1 & 2 emissions by 30% in 2030. For scope 3 emissions, Yara awaits a sectoral approach for the entire industry.

Yara sees opportunities in clean ammonia. Yara wants to be a key player in the hydrogen economy. Yara is a partner in the Science Based Targets initiative

Yara’s emissions worlwide for scope 1 & 2 are reported at 17,7 million tonnes. Yara has the ambition to become climate neutral by 2050. 800000 tonnes CO2 reduction. In 2020, Yara’s GHG emissions totalled 71.1 million tonnes of CO2 equivalents (CO2e) for scopes 1, 2, and 3 combined.

Yara Netherlands

The climate plans of Yara Sluiskil can be found in the Climate Roadmap 2030.

• Track 1: Change and renew existing installations

Yara has concrete plans to change two burners of nitric acid facilities, allegedly reducing emissions by 199 kilotonnes of CO2. Besides that, there are concrete plans for electrifying steam turbines, saving another 50 kilotonnes CO2 emissions.

• Track 2: Carbon capture and Storage (CCS)
• Track 3: Green Hydrogen

Yara Sluiskil plans to reduce emissions to zero by 2050.

Yara Sluiskil claims to have reduced their CO2 footprint by 60% from 2005 to 2015, while increasing production by 1,5 million tonnes. In cooperation with Zeeland Seaports, Yara delivers CO2 and heat to greenhouses in the proximity. Yara claims to reduce emissions by 0,135 Mtonnes by doing so Current emissions are around 1,9 megatonnes netto, of which 1,4 mtonnes is Carbon Capture and Storage. Bruto GHG emissions are around 3,4 mtonnes.

Climate Plans

Yara international

Our ambition is to become climate neutral by 2050, and to reach a milestone of a 30% reduction in our scope 1 and 2 emissions by 2030. The strategic pillars to reach these goals are accelerating operational excellence and expanding commercial reach and offering Yara plans to increase energy efficiency and reduce GHG emission intensity. However, subisdiaries and daughter companies are left out of these goals

We are contributing along two main avenues: reducing greenhouse gas emissions from our own operations, and offering and exploring new, sustainable solutions for farmers and food companies as well as for a clean hydrogen and ammonia-based economy.

Performance measures for the climate goals of Yara are increasing the amount of hectares under management to 150 million (2025), reduction of GHG emissions intensity to 2,7 ton CO2 per tonne nitrogen(2025), reduce absolute scope 1 and 2 emission by 30 percent in 2030, reduce energy intensiy (2023).

Yara plans to optimize energy efficiency in ammonia production, as this accounts for 80 percent of direct GHG emissions. Plan is to undertake regular interna land external benchmarking activities, and by carrying out efficiency diagnosis and audits, resulting in systematic improvement actions. However, benchmarks have proven that Yara’s plans are already 2.o percentage points better dan the 2016-2017 global average.

Yara aims to have all major production sites certified to ISO 500001 Energy Management stadard by 2022. .

Having reduced our GHG emissions by 45% since 2005, we are well-positioned to meet the EU 55% reduction target

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'