Uniper

Company name
Quick Facts
Type	Public
sector	Energy
Headquarters (Benelux Organization)	Rotterdam, Netherlands
Year of Origin	2016
Emissions (All Scopes)	XXX Megatons of CO2 (2020)
Total Revenue	USD$XXXX billion (2020)
Stock Exchange	Bijv. Tokio, Amsterdam
Key People	Only the executives, Supervisory board in Company Structure
Number of Employees	11.751 (31 dec. 2020)
Subsidiaries	dochterbedrijf 1 dochterbedrijf 2

Uniper SE

Uniper SE was founded in 2016, formed by the separation of E.ON's conventional generation and international energy trading business into a new independent company. After the separation became effective on January 1st 2016, Uniper assumed control of the energy company's fossil fuel assets, hydro assets and global energy trading activity, while E.ON shifted its focus to renewables, energy networks, and energy efficiency services. As of 2021, the company has 11,494 employees and has operations in more than 40 countries. The corporate headquarters of the company are in Düsseldorf, Germany In 2021, Uniper SE reported a loss of 4,106 million euros.

Uniper (Benelux)

Uniper Benelux N.V., stylized as Uniper, is a subsidiary of the German Uniper SE, with its headquarters in Rotterdam, the Netherlands. E.ON Benelux passed into Uniper Benelux in 2016, subsequent to the separation of Uniper SE and E.ON into two separate companies. Following this separation, E.ON transferred its coal and gas-fired power stations in Belgium and The Netherlands to Uniper in 2016. E.ON became active in the Netherlands after the acquisition of Elektriciteitsbedrijf Zuid-Holland (EZH) for a sum of 1.1 billion euros. In 2005, E.ON Benelux bought the supply company NRE Energie and Q-Energy in Eindhoven. Uniper Benelux produces electricity, heat and steam in The Netherlands and has four locations across the country (Maasvlakte, Rotterdam, The Hague and Leiden). The Uniper Energy Hub Maasvlakte produces energy on an industrial scale and plays an important role in The Netherlands, providing up to 7% of the total electricity demand. Rotterdam ('RoCa', Rotterdam/Capella aan den Ijssel), The Hague and Leiden have city power stations that focus on the reliable supply of energy in the built environment. In the Netherlands, approximately 300 people are employed for Uniper. While Belgium does not have any production plants for Uniper Benelux, its products are supplied to the business-to-business market.

Company Structure

Uniper is a public company that operates in many countries, most notably in Germany, Sweden, the United Kingdom, Belgium, The Netherlands, Russia and Hungary. Additionally, the company has offices in several international locations, namely Turkey, Azerbaijan, Canada, Singapore, the United States, India and the United Arab Emirates, to support their activities outside of Europe.

Uniper SE works with two boards: the Management Board and the Supervisory Board. The Management Board consists of four members and represents the company vis-á-vis third parties. They determine and update business objectives, fundamental strategic orientation, corporate policy and group organization. The Management Board is appointed by and reports to the Supervisory Board. Besides supervising and advising the Management Board, the Supervisory Board is directly involved in decisions that are of fundamental importance to the company. The Supervisory Board consists of twelve members, of which six members are elected by the General Meeting of Shareholders and six members are elected by the employees.

There is no elaborate information available on the leadership structure at Uniper Benelux. However, what is known is that Pieter van Stratum, Dyonne Rietveld and Yolande Verbeek are on the Management Board.

Management Board

Management Board Uniper Benelux

Name	Function
Pieter van Stratum	Managing Director
Dyonne Rietveld	Managing Director
Yolande Verbeek	Managing Director & Chief Operating Officer (COO)

Management Board

Name	Function
Klaus-Dieter Maubach	Chief Executive Officer (CEO)
Tiina Tuomela	Chief Financial Officer (CFO)
David Bryson	Chief Operating Officer (COO)
Niek den Hollander	Chief Commercial Officer (CCO)

In most cases, no information on remuneration of the management board is made public.

Supervisory Board

Supervisory Board - Shareholder Representatives

Name	Function	Remuneration x1000 EUR
Markus Rauramo	Chairman	210 EUR
Dr. Bernhard Günther	Deputy Chairman	140 EUR
Prof. Dr. Werner Brinker	Member	85 EUR
Judith Buss	Member	140 EUR
Esa Hyvärinen	Member	70 EUR
Nora Steiner-Forsberg	Member	70 EUR

Supervisory Board - Employee Representatives

Name	Function	Remuneration x1000 EUR
Harald Seegatz	Deputy Chairman	140 EUR
Oliver Biniek	Member	105 EUR
Barbara Jagodzinski	Member	85 EUR
Victoria Kulambi	Member	70 EUR
André Muilwijk	Member	105 EUR
Immo Schlepper	Member	85 EUR

Accountant

The independent auditor of Uniper is PriceWaterhouseCoopers (PWC).

Main Activities

In a few sentences, describe the core activities of the company. In a bit more detail than in the introduction.

Government

Uniper does not have royal status. Uniper has not received NOW support from the Dutch government.

Paris Agreement untill Today

What has company done or refused to do since the Climate Accord of Paris? Per company, where applicable refer to research on the benefits of fossil companies in the form of subisidies etc.

Financial Results since 2015

In several years, the company reported losses. Nevertheless, in every year dividends were paid to the shareholders.

Financial situation Uniper SE

Year	Revenue	Profit	Dividend
2016	67,285 million EUR	loss 3,234 million EUR	44 million EUR
2017	72,238 million EUR	loss 538 million EUR	236 million EUR
2018	91,813 million EUR	loss 492 million EUR	302 million EUR
2019	65,804 million EUR	644 million EUR	361 million EUR
2020	50,968 million EUR	402 million EUR	449 million EUR
2021	163,979 million EUR	loss 4,106 million EUR	539 million EUR

In 2021, the revenues were much higher than in 2020 because they are reported in spot prices, which have risen considerably in 2021.

Scandals and controversies

<Any dirt on the companies can be added here.>

Uniper has submitted a claim of millions to the Netherlands in 2021, because its coal-fired power station on the Maasvlakte has to close earlier. The ISDS (investor state dispute settlement) clause, part of the Energy Charter Treaty (ECT), allows companies to bypass national courts to claim billions in damages if their profits are compromised. The European Court of Justice ruled at the beginning of September 2021 that the Energy Charter Treaty cannot be used within the EU.

Current Emissions

Description of the emissions per scope. Critical analysis of (missing) information based on GHG protocol (probably most relevant for scope 3). Describe possible reduction trends.

Emissions due to European and Russian generation

Total emissions since 2016 ( in megatonnes CO₂-eq.)

Year	Scope 1	Scope 2	Scope 3	Total All Scopes
2016	73,6	0,49	N/A	74,09 (incomplete)
2017	63,3	0,57	N/A	63,87 (incomplete)
2018	59,5	2,77	10.3 (incomplete)	72,57 (incomplete)
2019	47,0	2,69	29,37 (incomplete)	79,06 (incomplete)
2020	42,6	1,74	21,07 (incomplete)	65,41 (incomplete)
2021	50,9	1,4	106,4	158,7

Emissions due to Dutch generation

Total emission due to Dutch generation in 2020 was 4.01 Megatonnes of CO₂. It is not indicated if this emission is only by scope 1 or also by scope 2 and 3.

Climate Policy and Plans

<Description of the climate plans and policy of the company, with special focus on the goals for 2030 and 2050. Make sure to include the baseyear for their targets. Do the goals take the entire company and all scopes into account?>

In March 2020, Uniper committed to making its power generation portfolio in Europe climate-neutral (for Scope 1 and 2) by 2035. In December 2020, Uniper further committed to reduce carbon emissions by at least 50% by 2030 compared to 2019 in the European generation sector and to carbon neutrality for the Group by 2050 (for Scope 1, 2, and 3 emissions).

Due Diligence

Keep the broader context in mind. Is the company integer when it comes to deforestation, palm oil, biodiversity, human rights etc etc? Be critical in the sources used here.

Conclusion

Recap of the position and influence of the company. Are the climate plans of the company enough to be in line with goals of the Paris Agreement? Is the company doing enough? Are the companies targets realistic?