Yara

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Naam van het bedrijf
File:Bijdrijfs Logo.svg
Quick Facts
TypePublic
sectorFertilizer
Headquarters (Benelux Organization)Oslo, Norway
Year of Origin1905
Emissions (All Scopes)71,1 Megatons of CO2 (2020)
Net IncomeUSD$ 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 [1]

Yara Company (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. [2] In 2020, Yara’s reported revenu was 11,6 billion USD. [3] Operating income was 1,1 billion USD. [4] Net income was 690 million USD. [5] Effective tax rate was 19%. [6] 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. [7] Yara is headquartered in Oslo, Norway. [8] Yara’s balance sheet value was 16605 million in 2020. [9]

Yara Sluiskil (Netherlands)

Yara Sluiskil has been active since 1929 when it started producing ammoniumsulphate. Yara Sluiskil takes up about 15% of the total production volume of Yara company. [10] Yara Sluiskil employs 666 people and processes about 5 million tonnes of product on a yearly basis. [11] Yara claims to have reduced its CO2 emission from 2005 to 2015 by 60% while production increases by 1,5 million tonnes. [12] Yara Sluiskil is the largest factory of articifial fertilizer in Northern Europe. [13] 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. [14] 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. [15] There is no information available about remuneration of the direction or balance sheet value of Yara Netherlands or Yara Sluiskil.

Company Structure

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). [16] Yara has a non-controlling interest in Yara Dallol (Netherlands). [17]

The Yara group consists of 127 legal entities [18] 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. [19]

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. [20]

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. [21]

Accountant

Deloitte is the independent auditor of Yara, both the parents company as well as most of the subsidiaries. [22]

Operations

uitgebreidere beschrijving van het bedrijf en wat ze doen en of ze koninklijk zijn en NOW steun

Yara Netherlands

Michael Schlaug is the general director of Yara Sluiskil. [23] No other information on the direction of Yara Sluiskil or Yara Netherlands can be found online.

Paris Agreement to Today

Yara International

‘’Planet’’ is weighed for 25% in the performance indicators based on which remuneration of the board executives is decided. [24]

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. [25] 

Yara sees opportunities in clean ammonia. Yara wants to be a key player in the hydrogen economy. [26] Yara is a partner in the Science Based Targets initiative [27]

Yara Netherlands

Current Policies and Emissions

Beschrijving van de uitstoot van het bedrijf en eventuele beleid

Climate Plans

Beschrijving van de klimaatplannen van het bedrijf

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

Bedrijfsspecifieke Passage in 'de brief'

U heeft uw duurzaamheidsbeleid vastgelegd in het sustainability report over 2020.

Wij constateren dat uw ambitie is om een emissiereductie in scope 1 en 2 van 30% te behalen per 2030 en per 2050 als bedrijf klimaatneutraal te zijn. U wilt dit bereiken door de emissie-intensiteit van de productie te verlagen, de absolute scope 1 en 2 emissies te verlagen en energiegebruik te optimaliseren.

In uw duurzaamheidsrapportages zijn plannen opgenomen om uw gestelde doelen tot 2025 te behalen, inclusief key indicators, benchmarks en interne en externe controles.

U stelt goed op weg te zijn om het Europese doel van 55% emissiereductie per 2030 te behalen. Inhoudelijke onderbouwing hiervan ontbreekt echter.

Uw ambities zijn een stap in de goede richting, maar niet voldoende om binnen een anderhalve graden scenario te blijven. Een uitgewerkt plan tot klimaatneutraliteit in 2050 ontbreekt. De gestelde doelen gelden niet voor uw hele waardeketen.

In uw plannen blijkt niet goed hoe u uw ambities op de lange termijn gaat realiseren. Dat is een grote tekortkoming en dat doet afbreuk aan de geloofwaardigheid van de ambities.

Daarmee draagt uw bedrijf bij aan gevaarlijke klimaatverandering en loopt u het materiële risico om mensenrechtenschendingen te veroorzaken.

References

  1. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 211
  2. ↑ https://www.yara.com/this-is-yara/
  3. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 3
  4. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 60
  5. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 11
  6. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 62
  7. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 70
  8. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 101
  9. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 114
  10. ↑ https://www.yara.nl/siteassets/over-yara/sluiskil/yara-sluiskil-general-presentation.pdf/
  11. ↑ https://www.yara.nl/contentassets/6ca92ab7997f4f3faa50fd9ada6d6855/2210781-duurzaamheidsverslagsite.pdf/ p. 2
  12. ↑ https://www.yara.nl/over-yara/yara-in-de-benelux/yara-sluiskil/over-yara-sluiskil/cuurzaamheid/
  13. ↑ https://www.yara.nl/contentassets/6ca92ab7997f4f3faa50fd9ada6d6855/2210781-duurzaamheidsverslagsite.pdf/ p. 3
  14. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-country-by-country-report-2020-web.pdf/ p. 6
  15. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-country-by-country-report-2020-web.pdf/ p. 6
  16. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 155
  17. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 167
  18. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 211
  19. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 213
  20. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 203
  21. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 201
  22. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 210
  23. ↑ https://www.yara.nl/contentassets/6ca92ab7997f4f3faa50fd9ada6d6855/2210781-duurzaamheidsverslagsite.pdf/ p. 3
  24. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 87
  25. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 21
  26. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 28
  27. ↑ https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2020/yara-integrated-report-2020-web.pdf/ p. 35
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