Responsibility for the company’s sustainability performance ultimately lies with Yara's Board of Directors. The board is responsible for determining our corporate strategy in collaboration with the CEO and President and his management team.
It is also responsible for ensuring that Yara has satisfactory routines in place to determine material topics, as well as monitor and report on performance. The Board’s Audit and Sustainability Committee assists the Board of Directors in supervision of sustainability performance monitoring and governance processes.
Our CEO is responsible for the day-to-day management of the company, with support from the management team and corporate functions. Within the sustainability field, support comes mainly from:
Yara’s Vice President Sustainability Governance reports to the CFO and owns the non-financial reporting processes. These processes are closely aligned with the Company Performance and Risk function, which oversees key parameters on strategy implementation, risk processes and other core business processes such as the business planning process. Yara measures performance in a holistic manner, with KPIs across the People, Planet and Prosperity dimensions.
Yara’s Sustainability Network is responsible for ensuring that we have clearly established accountability, processes and systems in place for our ESG performance indicators. The network includes representatives from our corporate functions Sustainability, Health, Environment, Safety and Quality, Human Resources, Ethics and Compliance, Communications & Brand and Enterprise Risk Management as well as representatives from the business line.
The Corporate Affairs and Global Initiatives team plays an instrumental role in ensuring a holistic direction globally for the company on sustainability, positioning on external arenas, and government and NGO relations. The team serves as an advisor to the senior management on multilateral solutions, regulatory processes and stakeholder engagement. It collaborates closely with the other corporate functions and business areas to leverage the full breadth of the internal expertise. The team reports to the Deputy CEO & EVP Corporate Development.
Our HESQ Teams are responsible for ensuring that Yara operates to industry-leading standards for health, occupational safety, process safety, environment, quality, product stewardship, security, and emergency handling and preparedness. The Head of HESQ reports to the EVP Global Plants & Operational Excellence, also part of the Group Executive Board.
Our Corporate HR function is responsible for labor aspects internally in Yara, which covers the strategy, development and framework for human resources operations, talent management and leadership development, and global compensation and benefits. This function is headed by the SVP Chief HR Officer, who reports to the EVP HR & General Counsel.
Our Ethics and Compliance Department coordinates and oversees our ethics and compliance work. The central department is supported by full-time Regional Compliance Managers who carry out training across the world. The Chief Compliance Officer reports to the EVP HR & General Counsel.
Yara also has a Compliance Committee which meets quarterly and acts as a focal point for matters related to ethics and compliance. It is chaired by the CEO and attended by the members of Yara’s Management team.