Published on: Friday, Fri, 14 Jun 2024 ● 6 Min Read
NEW DELHI, June 14, 2024 -- Yara India, a part of Norwegian multinational Yara International - the world's leading crop nutrition company and a provider of agricultural, industrial, and environmental solutions, today released its second Sustainability Report. The report outlines Yara India's commitment to reducing greenhouse gas emissions by improving energy efficiency, adopting renewable energy, and implementing sustainable farming practices. The company has set a target to cut GHG emissions by 70,000 tCO2e by 2026.
Additionally, the report details Yara's efforts to enhance the sustainability of its operations in India and the progress made towards these goals. Throughout the reporting period, Yara's digital platforms have effectively disseminated knowledge, reaching over 4.6 million farmers with valuable insights and guidance.
The sustainability report is structured around Yara's 5Cs approach to sustainability: Commit, Channelize, Care, Concern, and Contribute. These pillars are aligned with the UN Sustainable Development Goals (SDGs) and address critical areas such as resilient governance, efficient resource allocation, environmental stewardship, empathy-driven solutions, and overall societal improvement. The company has outlined a plan to invest in initiatives and programs that will reduce operating costs, provide new revenue opportunities, mitigate operating risks and increase the female workforce across the value chain.
On the occasion, Sanjiv Kanwar, Managing Director, Yara South Asia, said, "In an era where the resource use efficiency is declining, our focus is to ensure nutrition sufficiency to help improve farm productivity and incomes. For the same, Yara offers lower carbon footprint fertiliser portfolio, prioritize practices that restore soil health over time and contribute to move India towards a nature positive food future. Empowering women farmers is not just a moral imperative; it's a strategic investment in the future of agriculture. At Yara India, we are actively bridging the gender gap and unlocking the untapped potential of women farmers. Through our partnerships with 15 women exclusive FPOs, each with an average of 2,000 members, we are directly supporting approximately 30,000 women farmers and 120,000 members within the farming community . We are committed to creating an inclusive and equitable agricultural landscape which is visible as a key imperative in our sustainability report as well."
Speaking on the occasion, May-Elin Stener, the Ambassador of Norway to India, said, "As the largest shareholder in Yara, the Norwegian government is proud to support Yara's objectives, which align closely with the government's priorities: improving food security, supporting sustainable farming practices, adapting to climate change, and promoting diversity and inclusion. Yara contributes to improving food security not only by offering high-quality products but also by educating farmers in best practices for optimal yields and healthier soil. The 2023 Sustainability Report demonstrates Yara's commitment to creating a more environmentally sound and gender equal agricultural sector in India. This report highlights not just your achievements, but also your ongoing dedication to innovation and environmental responsibility."
The company is already developing solutions to meet the evolving needs of farmers and reduce environmental impacts. This report delineates objectives for 2025, encompassing both India and global targets and highlights several key accomplishments:
The full report can be accessed at: https://tinyurl.com/2wjr8rdy
About Yara International ASA
Founded in 1905 and headquartered in Oslo, Yara International ASA is the world's leading crop nutrition company and a provider of agricultural, industrial, and environmental solutions. The company has 18,000 employees and operations in more than 60 countries.
Supporting Yara's vision of a world without hunger and a planet respected, the company pursues a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara's ambition is focused on growing a nature-positive food future that creates value for its customers, shareholders and society at large, and delivers a more sustainable food value chain. https://www.yara.com/
About Yara India
Yara is the world's leading fertiliser company and provider of environmental solutions. Yara India is a wholly owned subsidiary of Yara International ASA. The company set up its operations in 2011, in Maharashtra, focussing on speciality products. In 2018, Yara India acquired Tata Chemicals 1.20 million MT urea facility in Babrala, making it India's first and highest stand-alone foreign direct investment in the fertiliser sector. The company has established a strong footprint, forging deep relationships with Indian farming community through its farmer centric approach enhancing productivity with new generation crop nutrition offerings.
Yara works closely with farmers to promote the use of balanced crop nutrition solutions through Yara branded retail outlets called Yara Crop Nutrition Centre (YCNC) and the FPO initiative resulting in enhanced yield and quality of output. The YCNCs have benefited over 1.2 million farmers across 1500 outlets in 17 states and 1 Union territory of India. Yara India digitally connects with 5.5 million farmers across India and provide service to 218 FPOs touching over 150 thousand farmers. In 2019, Yara India Technology Centre (Yara ITC) was established to address Yara's technology demands and drive agile transformation. Being one of three Global Digital Hubs, Yara ITC plays a pivotal role in developing digital solutions.
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