Behind the Report

 
 

Univar’s operations are structured into four operating segments that represent the geographic areas under which we operate and manage our business. These segments are Univar USA (“USA”); Univar Canada (“Canada”); Univar Europe, Middle East and Africa (“EMEA”); and Rest of World (“Rest of World”), which includes developing businesses in Latin America (including Brazil and Mexico) and the Asia-Pacific region.

As of December 31, 2016, Univar’s significant stockholders no longer own a majority of our outstanding common stock. As a result, we are no longer a “controlled company” within the meaning of the corporate governance rules of New York Stock Exchange (NYSE). Consequently, the NYSE rules require that:

  • We appoint a majority of independent directors to our Board of Directors within one year of the date we no longer qualify as a “controlled company”;
  • The Compensation and Nominating & Corporate Governance committees must be composed entirely of independent directors within one year of such date; and
  • We have an annual performance evaluation of the Nominating & Corporate Governance and Compensation committees. During these transition periods, we may continue to use the available exemptions from certain corporate governance requirements as permitted by the NYSE rules.

Univar common stock is listed on the NYSE under the ticker symbol: UNVR. As of December 31, 2016, Univar had 40 stockholders of record.

In the 2016 financial year, we completed two acquisitions—Bodine Services of the Midwest (USA), which broadens our service capabilities in our ChemCare waste management business, and Nexus Ag, a micronutrients distributor to the agriculture industry in Canada.

In our ChemCare business, we have grown through 2016 and have opened new sites in Houston, Texas, and Portland, Oregon, USA.

This year we have chosen to use UK government emission factors for all electricity, fuel use, and vehicle use. For 2016, we have used the corresponding 2016 GHG emission factor data for fuel use and vehicle use. However, for all electricity use emission values, we have used 2015 figures published by the UK government. This change in method for calculating our green-house gas emissions is intended to provide greater accuracy, transparency and consistency in our data. We have assessed the impact of retrospectively applying 2015 UK government figures to Univar’s 2015 report and due to a difference of more than 5 percent, we have restated out 2015 figures relating to GHG emissions only, applying 2015 factors across the corresponding data sets.

We have also made restatements regarding our significant spills data to ensure we are reporting the most accurate data for our operations globally.