ESG

Our commitment to Empower Energy Evolution

Climate change is one of the biggest challenges of today’s world. To overcome it, countries set targets to reduce emissions to reach the goals of the Paris agreement. Globally, 189 countries ratified or otherwise joined the agreement. In early 2020, the European Parliament approved a resolution increasing the EU’s climate ambition and aiming to reduce CO2 emissions by 55% by 2030 and reach climate neutrality by 2050.

Uniper strives to contribute to a more sustainable and decarbonized world and sees its purpose as to empower energy evolution. In March 2020, Uniper announced a new strategy which foresees gradual transformation into a greener company, while continuing to maximize Uniper’s value.

With the new strategy Empower Energy Evolution, Uniper is committed to become carbon neutral by 2050. Following the an-nouncement of the new strategy, Uniper presented its transition agenda for each of its reporting segments – European Generation, Global Commodities, and Russian Power Generation – and started strat-egy implementation.

Find out more on our Sustainability website and in our Annual Report 2020.

Our sustainability highlights at a glance

Reduction in direct carbon emissions

9.4 %

from 2019-2020

Female Supervisory Board representatives

33 %

Since April 2020

Combined TRIF

1.17

in 2020, significantly below the threshold of 1.48 set in 2019

Reduction in sulphur dioxide emissions

30 %

from 2019 to 2020

Coal purchased from suppliers that signed up to the Bettercoal Code of Conduct

68 %

in 2020

Trustbuilding dialogues with civil society organisations

5

in 2020

FAQ

  • ESG Strategy, Management and Disclosure

    • What are Uniper's strategic priorities ?

      Climate change is one of the biggest challenges of today’s world. To overcome it, countries set targets to reduce emissions to reach the goals of the Paris agreement. Globally, 189 countries ratified or oth-erwise joined the agreement. In early 2020, the European Parliament approved a resolution increasing the EU’s climate ambition and aiming to reduce CO2 emissions by 55% by 2030 and reach climate neu-trality by 2050.

      Uniper strives to contribute to a more sustainable and decarbonized world and sees its purpose as to empower energy evolution. In March 2020, Uniper announced a new strategy which foresees gradual transformation into a greener company, while continuing to maximize Uniper’s value.

      With the new strategy, Uniper is committed to become carbon neutral by 2050. Following the an-nouncement of the new strategy, Uniper presented its transition agenda for each of its reporting seg-ments – European Generation, Global Commodities, and Russian Power Generation – and started strat-egy implementation.

      Find out more in Uniper's annual report 2020.

    • What is Uniper's active contribution to CO2 reduction ?

      Uniper will decommission almost 80% of its coal-fired power plant capacity in Germany by 2025. In line with the coal-phase out in the Netherlands and the United Kingdom, additional power plant capacity will be decommissioned. Moreover, Uniper targets to make its entire electricity generation in the EU CO2-neutral by 2035

      Together with our majority shareholder Fortum, we further announced a joint interim target in December 2020 to reduce our total carbon emissions in Europe by at least 50% by 2030.

      Looking further ahead, we intend for all of Uniper’s operations including those in Russia to be carbon-neutral by 2050 at the latest. These targets are fully in line with those of the Paris Agreement.

      The company is examining how corresponding decarbonization solutions can be implemented in the long-term. This includes planned modernization projects in Russian gas-fired power plants, which will make a substantial contribution to increasing efficiency.

      CO₂-free power supply is becoming an increasingly important part of Uniper's portfolio. Major contributions are already coming from European hydro and nuclear power plants as well as supply contracts (PPAs) from wind and photovoltaic projects in Europe. Uniper is also currently examining the commercial framework conditions for entering into the development, construction and operation of renewable energy plants.

      Uniper is using its decades of experience in importing, trading, storing and selling natural gas to set the course for a hydrogen-based energy system. Uniper is one of the first German energy utilities to implement projects for the production of green hydrogen based on electrolysis processes.

      In order to make a substantial contribution to the decarbonization of energy systems in the area of global commodity trading, Uniper is also working on developing global trade in climate-neutral gases and other energy carriers in the future.

      Find out more in Uniper's Sustainability Report 2020.

    • What are Uniper's ESG Commitments and Targets ?

      Uniper has a Sustainability Strategic Plan (SSP), which describes how sustainability supports the Group’s business strategy and defines improvement targets for its ESG performance. The SSP was first published in February 2019 and has been updated in May 2020. Uniper's dedicated HSSE & Sustainability function tracks progress towards the SSP targets on a quarterly basis. The results are presented to the Management Board and all business functions. Starting with this SSP, Uniper aims to build on its potential for business growth, characterized by active management to minimize the main negative environmental and social impacts caused by its operations. The SSP targets are built around a set of long-term commitments that reflect core elements of Uniper's corporate culture and business strategy.

      Find out more about Uniper's ESG commitments and targets in Sustainability Report 2020.

    • Is Uniper conducting a materiality assessment ?

      Uniper conducts a materiality assessment on an annual basis.

      In 2020 Uniper identified seven topics as most material: 1. Secure, reliable and affordable energy supply; 2. GHG (Greenhouse gas) emissions; 3. Health and safety; 4. Fair and attractive employer; 5. Diversity and inclusion; 6. Governance and compliance; 7. Human rights along the value chain.

      The materiality assessment adopted a two-dimensional approach that considered the economic, environmental and social impact of Uniper's business activities on the defined issues as well as the impacts of these issues on the company. The expectations of important stakeholder groups such as policymakers, competitors, non-governmental organizations and the financial market were taken into account as well. It was analyzed whether from their perspective the impacts could have a significant influence on the Group and third parties and the importance of the impacts for understanding the Group's current and future development.

      Find out more about our materiality assessment in Sustainability Report 2020.

    • Does Uniper respond to CDP (Carbon Disclosure project)?

      In 2020 Uniper responded to CDP’s sector-specific climate-change questionnaire. The questionnaire regarded Uniper’s performance in the 2019 calendar year. CDP, formerly known as the Carbon Disclosure Project, runs a global disclosure system for companies to improve awareness through measurement and disclosure of environmental data, climate risks and carbon management. CDP gave Uniper a “B” which is an improvement on the previous score (“B-”). Scores range from A (best) to F. The evaluation of the CDP questionnaire identified and realized potential for improvement in Uniper’s sustainability performance. Uniper will continue its efforts in 2021.

      Find out more about our CDP 2020 response here.

    • Is Uniper compliant with TCFD (Task Force in Climate-related Financial Disclosure) and GRI (Global Reporting Initiative) ?

      TCFD: Uniper closely monitors developments at the Task Force on Climate-related Financial Disclosure (TCFD), which has issued a framework for voluntary, consistent and climate-related financial risk disclosure that companies can use to provide information to their investors and stakeholders. On the 3rd of December, Uniper commited to implement the TCFD framework to improve climate-related disclosure, which is a multi-year endeavor.

      GRI: Generally, Uniper applies the principles of GRI (Global Reporting Initiative) in its reporting for its Sustainability Report and Non-Financial Report.

      Find out more about Uniper's compliance with the GRI Index here.

    • Does Uniper have an ESG Risk Management ?

      Uniper fulfills its environmental, social and governance (ESG) due diligence requirements by conducting dedicated sustainability risk management, which it aligns with its enterprise risk management to ensure that it addresses its most significant ESG risks on a quarterly basis. Uniper's ESG risk process includes assessing external as well as internal ESG risks that could arise from its operations.

      Furthermore, in 2019 Uniper established the “ESG Task Force”, a cross-functional steering committee whose purpose is to ensure that ESG risks are adequately identified, assessed and mitigated. The management actions that Uniper plans and implements are incorporated into its governance struc-ture, responsibilities and relevant policies.

    • Who is responsible for ESG ?

      The Uniper SE Management Board bears overall responsibility for the adoption and implementation of Group-wide sustainability measures; with Chief Sustainability Officer (CSO) David Bryson playing a key role. The CSO periodically reports to the Supervisory Board on strategic sustainability activities. As Uniper's highest governance board, the Supervisory Board also monitors the Group's fulfillment of its sustainability obligations.

      In October 2020, Uniper established a Sustainability Council, which is chaired by the CSO. The council is a cross-functional committee that meets on a quarterly basis to monitor the implementation of Uniper’s sustainability strategy and governance framework across the Group.

      The Management Board assigns the responsibility for defining Group-wide ESG targets and key performance indicators and for identifying and managing ESG risks and emerging issues that could affect Uniper to the Health, Safety, Security and Environment (HSSE) and Sustainability function.

      Uniper's functional units and subsidies have a responsibility to implement annual HSSE and Sustainability Improvement Plans to support achieving the Group's overall HSSE and sustainability objectives and strategy. Employee involvement is essential for achieving a robust sustainability culture. The HSSE & Sustainability function reports on its performance to the Board by means of Quarterly Performance Dialogues and engages regularly with the Group Work Councils through the Consultative Council, a cross-functional committee that meets biannually.

      Find out more in Uniper's Sustainability Report 2020.

    • Which sustainability-related policies does Uniper have ?

      Uniper has sound policies in place to manage its material ESG issues. These policies, which are monitored on a regular basis, stipulate how the Group addresses ESG concerns and how it coordinates the cascade effects across the organization.

      The HSSE & Sustainability Policy Statement defines Uniper’s ambitions and priorities for HSSE & Sustainability. A revised version was adopted in late 2020. This statement then provides the basic framework for developing the SSP and for evaluating its effectiveness.

      - HSSE and Sustainability Policy Statement
      - Code of Conduct
      - Supplier Code of Conduct

    • Does Uniper commit to the UN Sustainable Development Goals (SDGs) ?

      Uniper supports the 17 UN Sustainable Development Goals (SDGs). Uniper has prioritized nine SDGs that fit with our business activities and sustainable strategy; 5 Gender equality, 7 Affordable and clean energy, 8 Decent work and economic growth, 9 Industry, innovation and infrastructure, 12 Responsible consumption and production, 13 Climate action, 15 Life on land, 16 Peace, justice and string institutions, 17 Partnerships for the goals

      Find out more about Uniper's commitment to the SDGs in the Sustainability Report 2020.

    • Does Uniper consider ESG-related risks for new investments ?

      Effective as of April 2020, any project or business initiative subject to financial decision by top management, must consider ESG factors. The objective is to ensure that Uniper management is aware of the relevant ESG elements when assessing and approving projects and business initiatives and that it maximizes value creation by considering their strategic fit, financial merits, and risks. The HSSE & Sustainability function conducts the ESG evaluation by analyzing a project’s fit with Uniper’s Sustainability Strategic Plan and with objective ESG screening criteria. Effective as of July 2020, the EU Taxonomy on Sustainable Finance is the source of the main ESG screening criteria used in ESG evaluations. Projects that meet its criteria and contribute to, or at least do not hinder, the achievement of Uniper’s sustainability targets, are assigned a lower hurdle rate to incentivize their implementation. Where necessary, HSSE & Sustainability’s evaluation includes recommendations aimed at mitigating the ESG risks identified and to help meet ESG expectations once a project is implemented.

      Find out more in Uniper's Sustainability Report 2020.

  • Environment

    • What are Uniper's generation capacities ?



      Find out more about Uniper's generation capacities in our List of Assets 2020.

    • What are Uniper's production volumes ?



      Find out more about Uniper's production volumes in our List of Assets 2020.

    • What are Uniper's commitment to exit coal ?

      Uniper has a clear and ambitious exit-path for its own hard coal and lignite-fired power generation in Europe, which will save up to 18 million tons of CO2 per year.

      Germany: Uniper currently has c.5,000MW of capacity in Germany including Uniper's new power plant Datteln IV with a capacity of c.1,050 MW. In January 2020, Uniper announced its commitment to exit coal-fired power generation in Germany by 2038 the latest. In context of the German coal exit tenders, Uniper’s hard coal power plants Heyden 4 (875 MW) and Wilhelmshaven (757 MW) received an award in the first and second tender resulting in the end of commercial operations already at the end of 2020 resp. 2021. By the end of 2022, Uniper plans to decommission three hard-coal-fired power plant units at Gelsenkirchen-Scholven with a total capacity of approx. 760MW as well as by the end of 2025 a hard-coal-fired unit at the Staudinger site with a capacity of about 510MW. In addition, Uniper has concluded the sale of its only lignite-fired power plant in Schkopau in eastern Germany to EPH, effective October 2021. From 2026 onwards, Uniper will only operate Datteln 4 in Germany, one of Europe's most modern coal-fired plants providing power and district heating to the Rhein-Ruhr region and powering its rail network. End of operations will be 2038 at the latest.

      UK: Uniper's four coal-fired units at Ratcliffe in the East Midlands are planned to be shut down in autumn 2025 or even in 2024 as recently announced by the U.K.’s Prime Minister.

      Netherlands: The government has set the shutdown date for Maasvlakte 3 at the end of 2029 without compensation. This will limit the overall life of the plant to only 14 years.

      In Russia, Unipro operates Uniper's only coal-fired power plant site outside Europe. The Berezovskaya site in Siberia is home of three lignite-fired power plant units with a total capacity of 2,300 MW. The technical lifetime of the plant extends beyond 2040. For the power plant sites affected by decommissioning, Uniper is developing forward-looking and sustainable transformation concepts for tomorrow's energy world that will also open up long-term employment prospects.

      Find out more about Uniper's coal exit path here.

    • Does Uniper plan any new coal plants ?

      Uniper committed to do no further investments in new coal-fired power plants.

    • What is the amount of Uniper's direct CO2 emissions from fuel combustion (Scope 1) ?



      Find out more about Uniper's emissions in the Sustainability Report 2020.

    • What is the amount of Uniper's indirect CO2 emissions (Scope 2 and Scope 3) ?





      Find out more about Uniper's emissions in the Sustainability Report 2020.

    • How does Uniper define Scope 2 and Scope 3 CO2 emissions ?

      Uniper calculates its Scope 2 indirect emissions by using the location-based method and market-based method, respectively. The Scope 2 emissions include indirect emissions from purchased electricity used for pump storage in our hydro plants in Germany. Scope 3 indirect emissions are related to extraction and transportation of consumed fuels. The calculation of upstream Scope 3 emissions associated with extraction, refining and transportation of the raw fuel sources to an organization’s site (or asset), prior to combustion, use well-to-tank (DEFRA) fuel conversion factors.

      Find out more about Uniper's emissions in the Sustainability Report 2020.

    • How high is Uniper's carbon intensity ?

      Uniper's carbon intensity is defined as the ratio between direct fossil-fuel-derived CO2 emissions from electricity and heat generation from Uniper's fully consolidated stationary facilities and Uniper's generation volume. It does not include facilities that produce only heat and/or steam.

      2020: 453 g/kWh
      2019: 445 g/kWh
      2018: 499 g/kWh
      2017: 506 g/kWh
      2016: 502 g/kWh

      Find out more about Uniper's emissions in the Sustainability Report 2020.

    • Does Uniper have a target to reduce CO2 emissions ?

      In March 2020, Uniper committed to make its power generation portfolio in Europe carbon neutral by 2035. That means going from approx. 21 million metric tons of direct carbon emissions in 2020 to net zero. This commitment is part of a fundamental strategic reorientation focusing on a secure and climate-friendlier energy supply. Uniper will gradually reduce its portfolio’s carbon emissions. In addition, Uniper's management also committed to reduce CO2 emissions of Uniper's Global Commodities and International Power businesses.

      In December 2020, Uniper’s ambition to reduce CO2 emissions further increased. Uniper commits to decrease the CO2 emissions (Scope 1 and 2) of its European Generation business by at least 50% by 2030 compared to 2019. In addition, Uniper commits to become carbon neutral by 2050 (Scope 1, 2 and 3) on group-level.

      Find out more about Uniper's emission reduction targets here.

    • What does Uniper do to reduce its environmental impact ?

      Uniper designs and implements dedicated environmental management systems (EMS) to mitigate environmental risks. By having its facilities’ EMS certified to ISO 14001, an internationally recognized standard for such systems, Uniper aims to prevent incidents that could have adverse impacts on the environment. As of year-end 2020, 100% of the operational assets of Uniper’s fully consolidated subsidiaries had retained their ISO 14001 certifications. Datteln 4, Uniper's coal-fired power station in Germany which became operational in 2020, received certification to ISO 14001 at the end of 2020. All of Uniper’s fossil-­fueled power plants and energy storage facilities in Germany had retained their certification to ISO 50001, a standard for energy management. All our industrial facilities in other countries (the Netherlands, Hungary, Russia, Sweden, and the United Kingdom) ­retained their ISO 14001 certifications. We believe that having our industrial facilities certified to ISO 14001 enhances our ability to prevent incidents that could have adverse impacts on the environment.

      Uniper carefully investigates all incidents and all significant environmental near-hits and takes appropriate steps to prevent them from recurring. We also systematically share knowledge about previous incidents – at our company and across the industry – so that they are not repeated. In 2020, we had no severe environmental incidents, which we define as “the release of a substance to the soil, water, or air that would result in a long-term or irreversible change in the biological or physical environment.

      Find out more in Uniper's Sustainability Report 2020.

    • What does Uniper do to promote biodiversity ?

      As part of obtaining permission to build and operate a power plant or other industrial asset, Uniper compiles biodiversity data about the site and surrounding areas, assess the asset’s potential impacts, and put in place, often in consultation with conservation agencies, management controls to minimize these impacts. Throughout an asset’s operating life, Uniper monitors the controls’ effectiveness. In addition, Uniper protects and, if possible, enhance the ecological value of the land and water around our assets and educate our staff and contractors on the importance of protecting and enhancing biodiversity.

      Find out more in Uniper's Sustainability Report 2020.

    • Does Uniper have a capacity target for solar and wind power ?

      In December 2020, Uniper announced that it will kickstart a large-scale sun and wind power generation portfolio, capturing the potential on and around its sites. Uniper’s targets are 1 GW wind and solar capacity in the short-term before 2025 and 3GW in the medium-term.

      Find out more about Uniper’s strategy here.

  • Social

    • How does Uniper contribute to secure, affordable and reliable energy supply?

      Together with its decarbonization efforts, Uniper’s priority is to provide its customers with a secure, affordable and reliable supply of power, gas and heat. To manage the operating risks of its generation assets, Uniper has an integrated asset and HSSE management system that conforms to industry practices.

      Uniper’s long-term gas supply contracts, natural gas storage facilities, global gas trading activities, and capacity for regasifying liquefied natural gas (LNG) play an important role in supply security, especially when demand fluctuates. Furthermore, Uniper’s flexible generation facilities can respond quickly to fluctuations in renewables output, which is important for grid stability and supply security in several regions in Germany and elsewhere. In addition to producing electricity and providing stability to the grid, many of our plants supply heat, process steam, compressed air, and other products to nearby industrial enterprises and utilize some of these enterprises’ waste streams. We periodically upgrade the technology and processes at our assets so that we continue to ensure high rates of availability and efficiency and prevent unplanned downtime. Some of these upgrades also improve our assets’ climate performance.

      Uniper’s key performance indicator for the supply reliability of its generation business is average asset availability. Uniper’s conventional power generation fleets in Europe and Russia had an average asset availability of 78.4% in 2020, which was slightly lower than 2019 (79.1%) due to planned outages. Uniper’s unplanned unavailability reduced from 12% in 2019 to 9.4% in 2020.

      Find our more in Uniper's Sustainability Report 2020.

    • How many employees does Uniper have ?

      Employees as of the reporting date:

      31.12.2020: 11,751
      31.12.2019: 11,532
      31.12.2018: 11,780
      31.12.2017: 12,180
      31.12.2016: 12,635

    • What is the proportion of female employees ?

      Proportion of female employees:

      31.12.2020: 25.2%
      31.12.2019: 24.6%
      31.12.2018: 24.2%
      31.12.2017: 23.9%
      31.12.2016: 24.1%

    • What is the average age of Uniper's employees ?

      Average age of employees:

      31.12.2020: 45 years
      31.12.2019: 45 years
      31.12.2018: 44 years
      31.12.2017: 44 years
      31.12.2016: 44 years

    • What is the employee turnover rate ?

      Employee turnover rate:

      2020: 3.7%
      2019: 4.5%
      2018: 4.7%
      2017: 5.0%
      2016: 4.0%

    • How many women does Uniper have in high-level executive roles ?

      Uniper’s target is for women to account for 25% of high-level executives by June 2022. At year-end 2020, 21% of these positions were held by women. Uniper intends to reach its target through more diverse selection and recruitment procedures, mentoring, flexible work arrangements for all employees, and similar measures.

    • How many employees are covered by a collective bargaining agreement ?

      In 2019 the share of pay scale employees (permanents + temporary staff + managing directors/board members + interns/working students + apprentices) was 68.9%.

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    • What is Uniper's safety metrics ?

      Uniper's main safety metric for management purposes is the combined total recordable incident frequency (combined TRIF), which measures the number of incidents per million hours of work. Uniper has committed to maintaining combined TRIF at or below 1.00 by 2025 by fostering continual learning, providing training, and further improving our management systems. Uniper’s combined TRIF for 2020 was 1.17, a significant improvement from 2019 (1.48).

      Despite Uniper’s continual improvement in its ‘year on year’ safety performance, tragically, on September 24, 2020, one of Uniper's employees suffered a fatal electrical shock while working on a switchgear upgrade project at a customer's premises in Germany. Specific actions resulting from the investigation are in the process of being implemented.



      Find our more in Uniper's Sustainability Report 2020.

  • Governance

    • What is Uniper's Corporate Governance structure ?

      The governing bodies of the company are the Management Board, the Supervisory Board and the Annual Shareholders meeting. The company has a two-tier Corporate Governance structure. The Management Board and the Supervisory Board work independently of one another. A member of the company's Supervisory Board may not, in principle, be a member of the company's Management Board at the same time.

    • What is the composition of Uniper's Board of Management ?

      The Management Board consists of:

      - Prof. Dr. Klaus-Dieter Maubach, the Chairman of the Management Board and Chief Executive Officer ("CEO")
      - Tiina Tuomela, the Chief Financial Officer ("CFO")
      - Niek den Hollander, the Chief Commercial Officer ("CCO") responsible for commercial activities
      - David Bryson, the Chief Operating Officer ("COO") responsible for operations

      The members of the board of management shall be appointed by the supervisory board for a maximum period of five years. The first appointment of a member of the Management Board, as a rule, should be made for a period of three years.

      Find out more about the members of the Management Board here.
      Find out more about the appointment and removal of members of the Management Board here.

    • What is the composition of Uniper's Supervisory Board ?

      The Supervisory Board consists of twelve members. Six members are elected by the General Meeting of Shareholders, and six members are elected by the employees in accordance with the agreement on employee participation laid down in the Uniper SE election procedures. Former Management Board members are, in principal, not allowed to serve as members of the Supervisory Board for a two-year grace period after leaving the Management Board. This is intended to prevent conflicts of interest. The Supervisory Board consists of four female members and eight male members.

      Shareholder representatives:
      - Markus Rauramo (Chairman of the Supervisory Board Uniper SE)
      - Dr. Bernhard Günther (Deputy Chairman of the Supervisory Board Uniper SE)
      - Prof. Dr. Werner Brinker
      - Judith Buss
      - Esa Hvärinen
      - Judith-Steiner Forsberg

      Employee representatives:
      - Harald Seegatz (Deputy Chairman of the Supervisory Board)
      - Victoria Kulambi
      - Oliver Biniek
      - Barbara Jagodzinski
      - Andre Muilwijk
      - Immo Schlepper

      Find out more about the members of the supervisory board here.

    • How many members of Uniper's Supervisory Board are considered to be independent ?

      Uniper's Supervisory Board should include a suitable number of independent candidates. Members are to be considered independent if they do not have a personal or business relationship with the company, its Management Board, a controlling shareholder or a company affiliated with such a shareholder that could constitute a material rather than a merely temporary conflict of interest. The Supervisory Board includes a sufficient number of independent members if at least two shareholder representatives are independent, in addition to the employee representatives who are generally considered independent. The Supervisory Board should not include more than two former Board of Management members of the company and Supervisory Board members should not sit on the Boards of or act as consultants for any of the company’s major competitors.

      Uniper defines eight of twelve Supervisory Board members to be independent. The six employee representatives and two shareholder representatives, namely Prof. Dr. Werner Brinker and Judith Buss.

      Find out more about the members of the supervisory board here.

    • What are the targets and competency profile of Uniper's Supervisory Board ?

      The Supervisory Board’s composition should ensure that, as a whole, its members have at their command the expertise, skills and professional experience needed to fulfill their duties properly.

      Find out more about the Targets and Competency Profile of the Supervisory Board here.

    • What are the rules of procedure for Uniper's Supervisory Board ?

      The Supervisory Board of the company, by adopting a resolution, agreed upon the following rules of procedure.

    • What is the number of Board meetings attended by Board members during the last fiscal year ?

    • Do Uniper's Management Board members have a share purchase obligation ?

      In view of potential risk of insider trading, the share purchase obligation of Management Board members were suspended indefinitely by the Supervisory Board on March 11, 2019.

    • Does Uniper have a retention and clawback provision ?

      Malus and clawback provisions are intended to secure the sustainable and successful development of Uniper Group. These provisions provide the option to reduce variable compensation that is yet to be paid out (malus) and reclaim variable compensation which has already been paid out (clawback).

      1. “Performance clawback”: If the relevant aspects for determining the payout amounts of variable compensation should prove to be incorrect after the variable compensation has been paid out, the Supervisory Board may demand repayment of the excess compensation paid.
      Relevant aspects include, for example, the reporting or the financial and non-financial performance targets considered that are of relevance to the calculated payout amount of the variable compensation. In this case, the fault of the Management Board members is not relevant.

      2. “Compliance clawback”: If a Management Board member violates material internal principles of the Company (e.g., from the Code of Conduct or the compliance guidelines), breaches a material duty under the Management Board member’s service agreement, or if there is a significant breach of duties pursuant to section 93 AktG, the Supervisory Board may reduce variable compensation not yet paid out down to zero or demand repayment of the variable compensation already paid out.

      In both cases, the right to reclaim compensation already paid out exists even if the Management Board member is no longer a member of the Management Board when that right is asserted. After a period of five years after it has been paid, variable compensation cannot be reclaimed.

    • What are the basic features of the Management Board compensation ?

      Compensation for the Management Board of Uniper SE is key to ensuring sustainable and long-term success in the Company’s development. It shall ensure that members of the Management Board are compensated for their actual performance (pay for performance) and their contribution towards implementing Uniper Group’s strategy.

      In light of this, the variable compensation of the Management Board takes into consideration the key performance indicators for managing the operating business and for assessing Uniper Group’s financial condition and augments these with strategically significant key performance indicators such as strategical transformation success and explicit sustainability targets (so called ESG targets, E=environment, S=social, G=governance). In this way, the compensation system provides the right incentives for improving mid- and long-term performance in line with the Company’s new strategy.

      In designing the compensation system, the Supervisory Board also considered the interests of Uniper Group’s main stakeholders (employees, shareholders, customers, business partners) and integrated these into the development process. In this context, for instance, the compensation and employment conditions of Uniper employees were taken into consideration in setting Management Board compensation. Therefore, the variable compensation elements of Management Board members, management and employees have similar performance targets and objectives. This ensures a uniform incentive effect. In addition, when determining Management Board compensation, its ratio to the compensation of senior management and the relevant workforce is also examined.

      Total compensation for members of the Management Board generally consists of fixed and performance-based compensation. The fixed compensation component consists of the base salary plus fringe benefits as well as a defined contribution pension plan.
      The performance-based compensation component comprises the annual bonus and the long-term incentive. Furthermore, Management Board service agreements include malus and clawback clauses and provisions on benefits upon termination of the service agreement.



      The compensation system described complies with the requirements of the German Stock Corporation Act (Aktiengesetz, AktG) and is aligned with the recommendations of the German Corporate Governance Code (GCGC) as resolved on 16 December 2019.

      For more information on the compensation system, please see the compensation report in the annual report 2020.

  • Contact

    In case you have additional ESG-related questions, please contact:
    Eva Göttges
    Manager Investor Relations
    Contact for ESG
    p +49 171 814 2018
    m Contact by email

Ratings and rankings

Ratings and rankings

We continually monitor our sustainability performance, which is rated and ranked by a wide range of independent organizations around the world. We continually strive to improve our performance.

Rating Companies Description Our Scores
FTSE Russell ESG ratings Based in London, FTSE Russell assesses the ESG risks of more than 7,000 publicly listed companies in 47 countries. It issues a score of 0 to 5, with a higher score indicating a better performance. Score: 3.3
(2020)
CDP London-based CDP is a not-for-profit organization that runs a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Its scores for climate and environmental disclosures range from D- to A. The average score in the European utilities sector is C. B
(December 2020)
Energy Intelligence’s Top 100 Green Utilities This ranking of the world’s top green power generators from both industrialized and emerging markets is based on the companies’ renewable energy portfolios and greenhouse gas emissions. Rank: 84/100
(2020)
MSCI ESG Ratings Based in New York, MSCI is an independent provider of insights and analytics that help investors identify ESG risks and opportunities. Its seven ESG ratings are grouped into three categories: laggard (CCC, B), average (BB, BBB, A), and leader (AA, AAA). BB
(March 2021)
ISS-oekom ISS-oekom of Munich rates companies’ ESG performance on a scale from D- to A+. The prime threshold for the energy industry is B-. Being at or above the prime threshold indicates that a company is meeting or exceeding the ESG performance standards for its industry. C
(March 2021)
Sustainalytics ESG Risk Ratings Amsterdam-based Sustainalytics rates the industry-specific ESG risks of 9,000 companies worldwide. High score = high performance. 32.9 / High risk
(April 2021)

Downloads

Downloads

  • Uniper Sustainability Report 2020 GRI Index
  • Uniper Sustainability Report 2019 GRI Index
  • Modern Slavery and Human Trafficking Statement
  • Bettercoal in Kuzbass
  • Progress Report Dutch Coal Covenant 2018
  • Code of Conduct
  • Uniper Supplier Code of Conduct
  • HSSE & Sustainability Policy Statement
  • Tax Transparency Report 2020