Highlights mark progress toward ESG goals to
2025 and beyond, including key emissions targets to drive the
Company's journey to a net-zero carbon future
DOWNERS
GROVE, Ill., June 13,
2023 /CNW/ -- Univar Solutions Inc. (NYSE: UNVR)
("Univar Solutions" or "the Company"), a leading global solutions
provider to users of specialty ingredients and chemicals, today
released its 2022 ESG report, which is available through the Univar
Solutions website at
https://www.univarsolutions.com/sustainability. The report tracks
Univar Solutions' progress against its ESG targets over the past
year and shares 2022 metric highlights including:
Univar Solutions Publishes 2022
Environmental, Social and Governance (ESG) Report
Delivered significant progress on environmental
goals:
- Reduced our absolute Scopes 1 and 2 emissions by 16.31 percent
from our baseline.1
- Disclosed our second year of Scope 3 emissions and delivered
reductions in key areas, resulting in an intensity reduction of
25.26 percent of our overall Scope 3 emissions.2,3
- Reduced absolute hazardous waste totals by 25.3 percent
compared to our baseline.1
Strengthened positive impact on society:
- Experienced our safest year on record since 2015, reducing our
global Total Case Incident Rate (TCIR) by 30 percent to 0.33 in
2022, compared to our baseline1 of 0.47.
- Increased diverse representation rates on gender and ethnicity
at the people-leader level, achieving one of our targets ahead of
schedule.
- Significantly evolved our community engagement program,
launching our Community Bonds program and opening more volunteering
opportunities for our employees.
Advanced governance issues:
- Strengthened our sustainable sourcing activities, rolling out
our Supplier Code of Conduct to new suppliers and hundreds of
legacy suppliers in the United
States, covering over 32.5 percent of our product suppliers
(measured by spend4).
- Commenced our global supplier sustainability assessment
program, centered on employing the EcoVadis supply chain
sustainability platform, with 44.5 percent of our product suppliers
(measured by spend4).
- Increased our company's third-party ratings across the majority
of our assessment platforms.
"I am pleased to see how our people continued to demonstrate
excellence in all we do and to see our steady progress toward our
new set of goals for 2025 and beyond, said David Jukes, president and chief executive
officer. "As we remain focused on delivering environmental and
social value through our business and value chain, we remain
steadfast in our commitments to advance our sustainability
journey."
Throughout 2022, Univar Solutions achieved multiple recognitions
including being awarded a low ESG risk rating by Sustainalytics,
placing the Company in the top 14 percent of our industry, as well
as being named by Newsweek as a member of their America's Most
Responsible Companies 2023 List. The Company was also named as a
Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign
(HRC) Foundation, after receiving a score of 100 on the Corporate
Equity Index (CEI) for a second year in a row while maintaining the
recognition as a Great Place To Work® in Brazil and Mexico.
"I'm pleased to see our business making such strong progress to
date, and I am truly grateful to our people worldwide for making
this possible, said Jen McIntyre,
chief people & culture officer and executive ESG lead at Univar
Solutions. "ESG is fundamental to our ability to take care of our
customers and suppliers while growing the Company and continuing
our efforts to build a better tomorrow for future generations."
"Our journey in delivering on our ESG goals continues and I
couldn't be prouder as we position Univar Solutions to meet these
objectives while delivering on our purpose," said Liam McCarroll, global sustainability director.
"While much work remains, I'm confident in our momentum and know we
can make a positive contribution and overcome global challenges
because sustainability is a core part of our strategic plan."
For a complete review of Univar Solutions' progress to a more
sustainable future, please see the full sustainability report at:
https://www.univarsolutions.com/esg-resources
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty
chemical and ingredient distributor representing a premier
portfolio from the world's leading producers. With the industry's
largest private transportation fleet and North American sales
force, unparalleled logistics know-how, deep market and regulatory
knowledge, world-class formulation and recipe development, and
leading digital tools the company is well-positioned to offer
tailored solutions and value-added services to a wide range of
markets, industries, and applications. Univar Solutions is
committed to helping customers and suppliers innovate and grow
together. Learn more at univarsolutions.com.
1. Baseline for goals to 2025 is calculated from the
average of 2019 and 2020 performance.
2. Baseline for Scope 3 emissions is calculated on 2021
performance.
3. Scope 3 intensity calculated on a (tCO2e per $M sales)
basis.
4. Measured by percent total direct product spend.
Forward-Looking Statements
This press release includes certain statements relating to
future events and our intentions, beliefs, expectations, and
outlook for the future, which are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to known and unknown risks
and uncertainties, many of which may be beyond the Company's
control. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the expectations and assumptions. A detailed discussion of
these factors and uncertainties is contained in the Company's
filings with the Securities and Exchange Commission. Potential
factors that could affect such forward-looking statements include,
among others: general economic conditions, particularly
fluctuations in industrial production and consumption and the
timing and extent of economic downturns increased competitive
pressures, including as a result of competitor consolidation;
potential supply chain disruptions; significant changes in the
pricing, demand and availability of chemicals; our indebtedness,
the restrictions imposed by, and costs associated with, our debt
instruments, and our ability to obtain additional financing; the
broad spectrum of laws and regulations that we are subject to,
including extensive environmental, health and safety laws and
regulations and changes in tax laws; potential cybersecurity
incidents, including security breaches; an inability to generate
sufficient working capital; transportation related challenges,
including increases in transportation and fuel costs, changes in
our relationship with third party transportation providers, and
ability to attract and retain qualified drivers; accidents, safety
failures, environmental damage, product quality issues; delivery
failures or hazards and risks related to our operations and the
hazardous materials we handle, potential inability to obtain
adequate insurance coverage; ongoing litigation, potential product
liability claims and recalls, and other environmental, legal and
regulatory risks; challenges associated with international
operations; exposure to interest rate and currency
fluctuations; possible impairment of goodwill and intangible
assets; the ongoing and evolving COVID-19 pandemic, including
impacts on the global economy, our employees, customers, vendors
and suppliers, and our business, results of operation and financial
condition; significant changes in the business strategies of
producers or in the operations of our customers; an inability to
integrate the business and systems of companies we acquire,
including failure to realize the anticipated benefits of such
acquisitions; negative developments affecting our pension plans and
multi-employer pensions; labor disruptions associated with the
unionized portion of our workforce; our ability to attract or
retain a qualified and diverse workforce; our ability to execute on
our strategies related to environmental, social, and governance
matters, and achieve related expectations may be impacted as a
result of evolving regulatory and other standards, processes, and
assumptions, the pace of scientific and technological developments,
increased costs and the availability of requisite financing and
changes in carbon markets; and the other factors described in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2021, as well as other
filings with the Securities and Exchange Commission. We caution you
that the forward-looking information presented in this press
release is not a guarantee of future events or results, and that
actual events or results may differ materially from those made in
or suggested by the forward-looking information contained in this
press release. In addition, forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "plan," "seek, "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. Any forward-looking
information presented herein is made only as of the date of this
press release and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise, except as required by law.
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SOURCE Univar Solutions Inc.