Difference between revisions of "Uniper"

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'''Uniper (Benelux)'''
'''Uniper (Benelux)'''


'''Uniper Benelux N.V.''', stylized as '''Uniper''', is a subsidiary of the German Uniper SE, with its headquarters in Rotterdam, the Netherlands.<ref>https://www.uniper.energy/benelux/#contact</ref> 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.<ref>https://nos.nl/artikel/2131524-energiereus-eon-stoot-kolencentrales-af</ref> 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.<ref>https://www.pricewise.nl/energieleverancier/eon/benelux/</ref> Uniper Benelux produces electricity, heat and steam in The Netherlands and has four locations across the country (Maasvlakte, Rotterdam, The Hague and Leiden).<ref>https://www.uniper.energy/benelux/#strategie</ref> 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.<ref>https://www.uniper.energy/benelux/#maasvlakte</ref> 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.<ref>https://www.uniper.energy/benelux/#strategie</ref> In the Netherlands, approximately 300 people are employed for Uniper.<ref>https://www.uniper.energy/benelux/#strategie</ref> While Belgium does not have any production plants for Uniper Benelux, its products are supplied to the business-to-business market.<ref>https://www.uniper.energy/company/locations/benelux</ref>
'''Uniper Benelux N.V.''', stylized as '''Uniper''', is a subsidiary of the German Uniper SE, with its headquarters in Rotterdam, the Netherlands.<ref>https://www.uniper.energy/benelux/#contact</ref> 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.<ref>https://nos.nl/artikel/2131524-energiereus-eon-stoot-kolencentrales-af</ref> 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.<ref>https://www.pricewise.nl/energieleverancier/eon/benelux/</ref> Uniper Benelux produces electricity, heat and steam in the Netherlands and has four locations across the country (Maasvlakte, Rotterdam, The Hague and Leiden).<ref>https://www.uniper.energy/benelux/#strategie</ref> 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.<ref>https://www.uniper.energy/benelux/#maasvlakte</ref> 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.<ref>https://www.uniper.energy/benelux/#strategie</ref> In the Netherlands, approximately 300 people are employed for Uniper.<ref>https://www.uniper.energy/benelux/#strategie</ref> While Belgium does not have any production plants for Uniper Benelux, its products are supplied to the business-to-business market.<ref>https://www.uniper.energy/company/locations/benelux</ref>




== Company Structure ==
== 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.<ref>https://www.uniper.energy/company/locations</ref> 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.<ref>https://www.uniper.energy/company/locations/other-countries</ref>
Uniper is a public company that operates in many countries, most notably in Germany, Sweden, the United Kingdom, Belgium, the Netherlands, Russia and Hungary.<ref>https://www.uniper.energy/company/locations</ref> 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.<ref>https://www.uniper.energy/company/locations/other-countries</ref>


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.<ref>https://ir.uniper.energy/websites/uniper/English/6100/management-board.html</ref> The Management Board is appointed by and reports to the Supervisory Board.<ref>https://ir.uniper.energy/websites/uniper/English/6100/management-board.html</ref>
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.<ref>https://ir.uniper.energy/websites/uniper/English/6100/management-board.html</ref> The Management Board is appointed by and reports to the Supervisory Board.<ref>https://ir.uniper.energy/websites/uniper/English/6100/management-board.html</ref>

Revision as of 20:43, 13 April 2022

Company name
Bedrijf Logo
Quick Facts
TypePublic
sectorEnergy
Headquarters (Benelux Organization)Rotterdam, the Netherlands
Year of Origin2016
Emissions (All Scopes)XXX Megatons of CO2 (2020)
Total RevenueUSD$XXXX billion (2020)
Stock ExchangeBijv. Tokio, Amsterdam
Key PeopleOnly the executives, Supervisory board in Company Structure
Number of Employees11.751 (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.[1] 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.[2][3] As of 2021, the company has 11,494 employees and has operations in more than 40 countries.[4][5] The corporate headquarters of the company are in Düsseldorf, Germany[4] In 2021, Uniper SE reported a loss of 4,106 million euros.[4]

Uniper (Benelux)

Uniper Benelux N.V., stylized as Uniper, is a subsidiary of the German Uniper SE, with its headquarters in Rotterdam, the Netherlands.[6] 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.[7] 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.[8] Uniper Benelux produces electricity, heat and steam in the Netherlands and has four locations across the country (Maasvlakte, Rotterdam, The Hague and Leiden).[9] 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.[10] 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.[11] In the Netherlands, approximately 300 people are employed for Uniper.[12] While Belgium does not have any production plants for Uniper Benelux, its products are supplied to the business-to-business market.[13]


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.[14] 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.[15]

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.[16] The Management Board is appointed by and reports to the Supervisory Board.[17] 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.[18]

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[19]
Name Function
Pieter van Stratum Managing Director
Dyonne Rietveld Managing Director
Yolande Verbeek Managing Director & Chief Operating Officer (COO)
Management Board[20]
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[21][22]
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[23][24]
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).[4]

Main Activities

Uniper is an international energy company that operates in more than 40 countries. Uniper's main activities concentrate on gas-fired power plants, coal-fired power plants, nuclear power plants, hydro power plants, regasification, gas storage, gas infrastructure, energy sales (large and small costumers) and trading. [25] Uniper is listed on the Frankfurt Stock Exchange. As of August 2020, Fortum has raised its stake in the German Uniper to 75,01%. This is enough to implement a domination agreement, which would give the Finnish energy firm access to all finances and cash flow. Fortum has, however, ruled out any domination or profit and loss transfer agreement or squeeze-out of Uniper's minority shareholders until the end of 2021. [26]

Government

Uniper does not have royal status.[27] Uniper has not received NOW support from the Dutch government.[28]

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[29] loss 3,234 million EUR 44 million EUR[29]
2017 72,238 million EUR[30] loss 538 million EUR 236 million EUR[30]
2018 91,813 million EUR[31] loss 492 million EUR 302 million EUR[31]
2019 65,804 million EUR[31] 644 million EUR 361 million EUR[32]
2020 50,968 million EUR[32] 402 million EUR 449 million EUR[4]
2021 163,979 million EUR[4] 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.[33]

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 [34] 73,6 0,49 N/A 74,09 (incomplete)
2017 [35] 63,3 0,57 N/A 63,87 (incomplete)
2018 [36] [37] 59,5 2,77 10.3 (incomplete) 72,57 (incomplete)
2019 [38] 47,0 2,69 29,37 (incomplete) 79,06 (incomplete)
2020 [39] 42,6 1,74 21,07 (incomplete) 65,41 (incomplete)
2021 [40] 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.[41] 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.[42] 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).[42]

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?

References

  1. https://www.eonenergy.com/about-us/uniper.html
  2. https://www.theguardian.com/environment/2016/jan/04/eon-completes-split-of-fossil-fuel-and-renewable-operations
  3. https://ir.uniper.energy/uniper/pdf/English/EON_joint_spin-off_report_EN.pdf
  4. 4.0 4.1 4.2 4.3 4.4 4.5 https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2021-PN-EQ-E-00.pdf
  5. https://www.uniper.energy/company/about-us/our-profile
  6. https://www.uniper.energy/benelux/#contact
  7. https://nos.nl/artikel/2131524-energiereus-eon-stoot-kolencentrales-af
  8. https://www.pricewise.nl/energieleverancier/eon/benelux/
  9. https://www.uniper.energy/benelux/#strategie
  10. https://www.uniper.energy/benelux/#maasvlakte
  11. https://www.uniper.energy/benelux/#strategie
  12. https://www.uniper.energy/benelux/#strategie
  13. https://www.uniper.energy/company/locations/benelux
  14. https://www.uniper.energy/company/locations
  15. https://www.uniper.energy/company/locations/other-countries
  16. https://ir.uniper.energy/websites/uniper/English/6100/management-board.html
  17. https://ir.uniper.energy/websites/uniper/English/6100/management-board.html
  18. https://www.uniper.energy/company/about-us/leadership
  19. https://www.linkedin.com/feed/update/urn:li:activity:6806565203573030912/
  20. https://www.uniper.energy/company/about-us/leadership
  21. https://ir.uniper.energy/websites/uniper/English/6200/supervisory-board.html
  22. https://ir.uniper.energy/uniper/pdf/2021-03-08_Uniper_Compensation_System_Supervisory_Board_EN.pdf
  23. https://ir.uniper.energy/websites/uniper/English/6200/supervisory-board.html
  24. https://ir.uniper.energy/uniper/pdf/2021-03-08_Uniper_Compensation_System_Supervisory_Board_EN.pdf
  25. https://cr.uniper.energy/app/uploads/2020/05/Uniper-SE-CDP-Response-2019.pdf
  26. https://www.reuters.com/article/uniper-ma-fortum-oyj-idINL8N2FK2OR
  27. https://www.koninklijkhuis.nl/onderwerpen/onderscheidingen/predicaat-koninklijk/overzicht-predicaat-koninklijk
  28. https://www.uwv.nl/overuwv/Images/uwv-register-now-vijfde-aanvraagperiode.pdf
  29. 29.0 29.1 https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/20180308_FY2017_Annual_Report.pdf
  30. 30.0 30.1 https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2018-EQ-E-00.pdf
  31. 31.0 31.1 31.2 https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2019-EQ-E-00.pdf
  32. 32.0 32.1 https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/2021-03-04_FY2020_Uniper_Group_Annual_Report_en.pdf
  33. https://www.somo.nl/nl/trek-de-stekker-uit-het-energy-charter-treaty/
  34. https://cr.uniper.energy/app/uploads/2020/05/Uniper_CS17_short_en.pdf
  35. https://cr.uniper.energy/app/uploads/2020/05/Uniper_CS17_short_en.pdf
  36. https://cr.uniper.energy/app/uploads/2020/05/Uniper_Sustainability_Report_2018.pdf
  37. https://cr.uniper.energy/app/uploads/2020/06/Uniper-Sustainability-Report-2019-EN.pdf
  38. https://cr.uniper.energy/app/uploads/2020/06/Uniper-Sustainability-Report-2019-EN.pdf
  39. https://cr.uniper.energy/app/uploads/2021/04/uniper-sustainability-report-2020-EN.pdf
  40. https://cr.uniper.energy/app/uploads/2022/04/uniper-sr21-en.pdf
  41. https://www.emissieautoriteit.nl/documenten/publicatie/2021/05/05/ets-uitstoot-2020, accessed 8-4-2022
  42. 42.0 42.1 https://cr.uniper.energy/app/uploads/2021/04/uniper-sustainability-report-2020-EN.pdf