Investor Relations

Corporate compliance 2008

In 2008, the Yara management decided to establish a central corporate compliance unit to coordinate and support its global compliance work, with special attention to measures to forestall corruption and bribery. A new Global Head of Compliance took office early 2009. Yara has been a signatory to the United Nations Global Compact (UNGC) since 2006, and launched its first Communication on Progress in 2008, continuing efforts to strengthen and enforce its ten principles throughout the organization.

Although the major part of Yara’s operations and employees are based in countries where the prevalence of human rights abuses is very low, Yara’s Code of Conduct was amended in 2008 to accentuate the company’s stance against child labor and all forms of forced or compulsory labor.

No material legal claim was made against Yara in respect to health, environmental or safety matters or in relation to operational permits in 2008. Neither was non-compliance with national laws or regulations registered, regarding human rights, anti-competitive behavior, marketing, customer privacy or the provision and use of products, including their health and safety impacts.

However, a legal claim was made against Yara in Norway, regarding the importation of a trial shipment of phosphate from Western Sahara, a disputed territory, for technical testing of quality and properties at the Porsgrunn and Glomfjord plants. Yara carefully considered all legal aspects before purchasing the consignment, and holds the legal claim unfounded. Yara has previously stated that it will comply with recommendations from the Norwegian government, and reiterated that it has no intention of importing phosphates from Western Sahara.

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