Impact reporting 2015

Economic performance indicator points

Aspect: Economic performance


Reference is made to G4-18, G4-19 and G4-20, and to the overall Economic management approach.

G4-EC1: Direct economic value generated and distributed

NOK Millions:

2015 2014
Direct economic value
Revenues and other income 113 430 97 223
Economic value distributed
Operating costs 82 812 73 744
Employee wages and benefits 8 047 6 616
Payments to providers of capital 4 962 3 951
Payments to government (tax paid) 3 380 2 378
Community investments 19
Total 99 220 86 703
Economic value retained 14 210 10 520

Revenues per country: Reference is made to page 85 in the Financial Report 2015: 

Annual report 2015 (PDF 3,82MB)

G4-EC2: Financial implications and other risks and opportunities for the organization's activities due to climate change

Climate risks and opportunities are covered in G4-2. Yara has not quantified these.

G4-EC3: Coverage of the organization's defined benefit plan obligations 

See Note 24, pages 107-112 in the Financial Report 2015 for Employee retirement plans and other similar obligations.

Annual report 2015 (PDF, 3,82MB)

Aspect: Indirect economic impacts 


Reference is made to G4-18, G4-19 and G4-20, and to the overall Economic management approach.

G4-EC8: Significant indirect economic impacts, including the extent of impacts

Yara's operations worldwide are engaged in, and support, a wide variety of community projects and local initiatives that benefit the general public. Yara's total community investments amounted to NOK 19 million in 2015. 

More significant, however, is Yara's business approach, which focuses on sharing its agronomic knowledge with farmers. Yara's mission is to deliver increased yield and value to its owners, customers, farmers and society at large. 

Improving cropland productivity and increasing food production depends on the application of agronomic knowledge. Yara possesses extensive knowledge, which it shares with farmers as part of its crop nutrition solutions. In addition, Yara contributes to knowledge development and knowledge dissemination through several global initiatives and partnership projects, such as: Patient Procurement Platform launched in January 2016 by World Food Program, Rabobank, AGRA, Yara and other partners, Grow Africa, Grow Asia, (both linked to the WEF New Vision of Agriculture); Ghana Grains Partnership, initiated by Yara in 2008, and the Southern Agricultural Growth Corridor of Tanzania (SAGCOT), founded by the Tanzanian Government, Yara and other partners in 2010. 

The expected outcome of the approach is increased income level for farmers, while properly managing environmental aspects through active knowledge sharing. 

While there are minor community investments taking place, Yara's main approach is to create shared value which is part of the business strategy.

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