Annual Report 2020
Storing vital products with care
We store products that are vital for everyday life. The energy that allows people to cook, heat or cool their homes and commute to work. The chemicals that enable companies to manufacture millions of useful products. The edible oils to prepare food. Vopak is the world's leading independent tank storage company and we take pride in storing vital products with care, for a growing world population.
Cover page
energy to charge laptops
The symbols used on the cover represent just some of the end-uses of the products we handle: polymers in clothes, energy to heat houses and charge laptops, cosmetics, chemicals and coatings used in headsets and computer screens.
energy to heat houses
polymers in clothes
In this report
2 Introduction
2 Vopak at a glance
4 CEO statement
7 Purpose & strategy
8 Our purpose
9 Our strategy
14 Our value creation
16 Our responsible business conduct
21 Business & market
22 Letter of the Executive Board
24 Our business environment
27 Our business
31 Performance & Outlook
32 Our performance
33 Financial performance
36 Leading assets in leading locations
38 Operational leadership
40 Service leadership
42 Technology leadership
44 People leadership
48 Key developments by division
48 Americas
49 Asia & Middle East
50 China & North Asia
51 Europe & Africa
52 LNG
53 Outlook
54 Sustainability
56 Introduction to sustainability
58 Governance and basis of preparation
63 Consolidated Sustainability Performance
64 Care for our societal impact (people)
74 Care for our environmental & climate impact (planet)
84
Care for our economic impact (profit)
92 Governance, risk & compliance
93 Supervisory Board report
97 Supervisory Board members
98 Executive Board members
99 Remuneration report
108 Corporate Governance
112 Corporate Governance statement
115 Risk management & internal control
128 Shareholder information
131 Financial Statements
133 Consolidated Financial Statements
207 Company Financial Statements
212 Executive Board declaration
213 External auditor's reports
222 Additional information
223 Non-IFRS proportional financial information
(unaudited)
226 Profit Appropriation
227 Stichting Vopak (Vopak Foundation)
228 Five-year consolidated summary
229 Glossary
231 Contact details
Disclaimer PDF print - this document is only a 'printed version' and is not the original annual financial reporting including the audited financial statements pursuant to article 361 of Book 2 of the Dutch Civil Code. These original annual financial reporting, including the audited financial statements and the auditor's report thereto are included in the single report package which can be found athttps://www.vopak.com/investors/reports-and-presentations/company-reports. In any case of discrepancies between this 'printed version' and the report package, the single report package prevails.
Vopak at a glance
2
Vopak at a glance
at year-end 2020
Royal Vopak is the world's leading independent tank storage company. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to the economy and the daily lives of people across the globe, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions to facilitate the transition of the world's changing energy and feedstock systems. At the same time, we invest in digitalization and innovation to improve our performance and our service to our customers. Vopak is listed on Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands.
1 For a reconciliation between the IFRS numbers and the amounts excluding exceptional items, reference is made to note 2.2 of the financial statements.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Royal Vopak NV published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2021 06:06:09 UTC.