Uniper

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Company name
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Quick Facts
TypePublic
sectorEnergy
Headquarters (Benelux Organization)Rotterdam, 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 [6]. In 2021, Uniper SE reported a net income of 906 million euros [7].

Uniper (Benelux)

Uniper Benelux N.V., stylized as Uniper, is a subsidiary of the German Uniper SE, with its headquarters in Rotterdam, The Netherlands [8]. 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 [9]. 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 [10]. Uniper Benelux produces electricity, heat and steam in The Netherlands and has four locations across the country (Maasvlakte, Rotterdam, The Hague and Leiden) [11]. 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 [12]. 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 [13]. In The Netherlands, approximately 300 people are employed for Uniper [14]. While Belgium does not have any production plants for Uniper Benelux, its products are supplied to the business-to-business market [15].


Company Structure

Uniper is a private company that operates in many countries, most notably in Germany, Sweden, the United Kingdom, Belgium, The Netherlands, Russia and Hungary [16]. 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 [17].

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 [18]. The Management Board is appointed by and reports to the Supervisory Board [19]. 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 [20].

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.

Who has influence on what? Private or public company? Why is hq in the Netherlands? Any important subsidiaries or daughter companies?

Management Board

Management Board Uniper Benelux [21]
Name Function
Pieter van Stratum Managing Director
Dyonne Rietveld Managing Director
Yolande Verbeek Managing Director & Chief Operating Officer (COO)
Management Board [22]
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 [23] [24]
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 [25] [26]
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) [27].

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 [28]. Uniper has not received NOW support from the Dutch government [29].

Paris Agreement to 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

This tabel is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.

Financial situation Uniper SE
Year Revenue Profit Dividend
2015 XXX Billion EUR XXX EUR XXX EUR
2016[30] 67,285 Million EUR XXX EUR 201 Million EUR
2017[31] 72,238 Million EUR XXX EUR 271 Million EUR
2018 XXX Billion EUR XXX EUR XXX EUR
2019 XXX Billion EUR XXX EUR XXX EUR
2020 XXX Billion EUR XXX EUR XXX EUR
2021 XXX Billion EUR XXX EUR XXX EUR

Scandals and controversies

Any dirt on the companies can be added here.

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.

Total emissions XXX Megatonnes of CO2 (2020)
Scope 1 Scope 2 Scope 3
XXX Megatonnes of CO2 (2020) XXX Megatonnes of CO2 (2020) XXX Megatonnes of CO2 (2020)

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?

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. 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://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2021-PN-EQ-E-00.pdf
  7. https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2021-PN-EQ-E-00.pdf
  8. https://www.uniper.energy/benelux/#contact
  9. https://nos.nl/artikel/2131524-energiereus-eon-stoot-kolencentrales-af
  10. https://www.pricewise.nl/energieleverancier/eon/benelux/
  11. https://www.uniper.energy/benelux/#strategie
  12. https://www.uniper.energy/benelux/#maasvlakte
  13. https://www.uniper.energy/benelux/#strategie
  14. https://www.uniper.energy/benelux/#strategie
  15. https://www.uniper.energy/company/locations/benelux
  16. https://www.uniper.energy/company/locations
  17. https://www.uniper.energy/company/locations/other-countries
  18. https://ir.uniper.energy/websites/uniper/English/6100/management-board.html
  19. https://ir.uniper.energy/websites/uniper/English/6100/management-board.html
  20. https://www.uniper.energy/company/about-us/leadership
  21. https://www.linkedin.com/feed/update/urn:li:activity:6806565203573030912/
  22. https://www.uniper.energy/company/about-us/leadership
  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://ir.uniper.energy/websites/uniper/English/6200/supervisory-board.html
  26. https://ir.uniper.energy/uniper/pdf/2021-03-08_Uniper_Compensation_System_Supervisory_Board_EN.pdf
  27. https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2021-PN-EQ-E-00.pdf
  28. https://www.koninklijkhuis.nl/onderwerpen/onderscheidingen/predicaat-koninklijk/overzicht-predicaat-koninklijk
  29. https://www.uwv.nl/overuwv/Images/uwv-register-now-vijfde-aanvraagperiode.pdf
  30. https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/20180308_FY2017_Annual_Report.pdf
  31. https://ir.uniper.energy/download/companies/uniperag/Annual%20Reports/DE000UNSE018-JA-2018-EQ-E-00.pdf