Yara Signs New Credit Facility to Meet Carbon Target

Yara has signed a 1,100 million USD, five-year revolving credit facility (RCF) with two one-year extension options. The facility has been signed by a group of 13 international relationship banks, reflecting Yara’s global footprint.

The margin under the Facility will be adjusted based on Yara’s progress to meet its carbon intensity target by 2025:
  • By introducing a sustainability link in its RCF, Yara highlights its commitment to reduce the carbon footprint of its fertilizer production activities.
  • The production of mineral fertilizer contributes to GHG emissions. Yara has already made large improvements in this area, and will continue to improve to meet its new carbon intensity target.
  • Yara’s carbon intensity target is to achieve a 10% reduction of greenhouse gas emissions per tonne of fertilizer produced (tCO2eq/tN) by 2025. Reaching this target will result in more than 2.2 MtCO2eq saved annually by 2025 (at constant 2018 volumes).
“Reducing greenhouse gas emission intensity is part of delivering on Yara’s mission of responsibly feeding the world and protecting the planet. By connecting financing to carbon footprint performance, we confirm a clear link between sustainability and profitability,” said Lars Røsæg, CFO of Yara International ASA.

Press Release published via Yara International. 

Image Caption: Yara headquarters – Oslo by Kamilla Dalbakk, Yara International ASA.

Previous articleChevron Aims for World’s Lowest-Emission LNG Plant
Next articleSouth Korea Expands VOC Controls and Tightens Limits