Univar Solutions Releases Its 2019 Sustainability Report
Announces Jennifer McIntyre as Executive Sustainability Lead
DOWNERS GROVE, Illinois, June 2, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or the "Company"), a global chemical and ingredient distributor and provider of value-added services, today announces the release of its 2019 sustainability report and the expanded role of senior vice president and chief integration officer, Jennifer McIntyre, who will serve as the Company's executive sustainability lead. Now available through the Univar Solutions web site at www.univarsolutions.com, the report tracks the Company's progress against its sustainability goals and reaffirms its commitments to transparency and continuous improvement.
Since joining the company in 2013, McIntyre has been a driving force behind multiple areas of supply chain and operations improvement. Most recently, McIntyre has led the Company's integration strategy, following the Nexeo acquisition. She will continue leading those efforts, while at the same time introducing new ideas and proven best practices to the Company's sustainability agenda.
"Jennifer's ability to see the larger picture, while remaining focused on the details, is a perfect fit for the continuous improvement mindset we bring to sustainability," said David Jukes, president and chief executive officer. "With a vision to redefine distribution and be the most valued chemical and ingredient distributor on the planet, our sustainability journey is about doing the right thing, and in so doing, creating value for all of our stakeholders, while supporting our mission to streamline, innovate and grow."
The 2019 sustainability report is accompanied by a new dashboard showing progress against the Company's 2021 sustainability goals. Additionally, the report references the latest version of the Global Reporting Initiative (GRI) Standards, which helps ensure relevant, transparent, and comprehensive disclosures. Further improvements include:
- Integrating Univar Solutions' sustainability performance data, representing the combined impacts and aspects of our new combined company, making our reporting more transparent and complete.
- Reporting in accordance with the Sustainability Accounting Standards Board (SASB) for the chemical sector, increasing the ability for stakeholders to access key information.
- Expanding our toolkit of monitoring and managing our global impacts through the introduction of scope 3 emissions reporting.
- Integrating the material contributions our business makes to the United Nations Sustainable Development Goals (UN SDGs), highlighting the ability of responsible business to make a positive impact on society, the environment, and our economies.
- Achieving external assurance on our global sustainability reporting claims as well as assurance on our scope 1 and 2 emissions, safety, and release metrics. This significant milestone is a marked development as we move to demonstrate our robust, honest, and open approach to better business.
"With these improvements to our report along with the introduction of our 2021 sustainability goals dashboard, I can't be more pleased with our progress and feel privileged and fortunate to be part of such a tremendous team," said Phil Hockaday, vice president, sustainability. "As we continue through 2020 and enter the final year for our previously-set goals, I'm excited for what the future holds and thankful for Jennifer's expertise and leadership as we move forward together."
For a complete review of Univar Solutions' progress to a more sustainable future through 2019, please see the full sustainability report at: https://www.univarsolutions.com/safety-and-sustainability/sustainability/resources-reporting/
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 www.univarsolutions.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions 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: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's 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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