9 September 2009
Fortum ranked as the Nordic leader in climate change mitigation
In the report ‘Taking the Temperature' published today by Ethix SRI Advisors and
Insight Investment, Fortum was ranked with a score 80/100 as the clear leader in
the Nordic region in climate change mitigation. The new report assesses how the
40 largest companies in Denmark, Finland, Norway and Sweden are responding to
risks and opportunities presented by climate change. The average score of the
Nordic companies was 37/100.
Fortum's green house gas emissions are amongst the lowest of European power
generators. In 2008, 92% of the electricity generated by Fortum in the EU was
free of CO2 emissions. Fortum is the leading seller of eco-labelled electricity
in the Nordic countries.
"We have put a lot of effort into sustainability in the recent years and are
very proud of the external recognitions that show that we are moving in the
right direction. As an energy company, climate change mitigation is essential
for our continued success. Emission reductions in our own operations, energy
efficiency and other sustainable energy solutions are key elements on this
journey," says Carola Teir-Lehtinen, Corporate Vice President, Sustainability.
In the report "Taking the Temperature 2009 Nordic region" the 40 largest listed
Nordic companies are evaluated on climate change governance frameworks,
policies, risk assessment processes, green house gas inventories, historic
emissions reduction performance and targets as well as implementation
strategies, and contribution to wider climate change policy debates.
The Swedish newspaper, Dagens Industri, wrote today that investors find
corporate sustainability reporting in general insufficient. The paper states
that Finnish companies are ahead in the sustainability reporting, followed by
Link to the Ethix SRI Advisors' press release:
Link to the "Taking the Temperature 2009 Nordic region" full report:
More information about Ethix SRI Advisors: http://www.ethix.se/
More information about Insight Investments: http://www.insightinvestment.com/
Kari Kankaanpää, Manager, Climate Affairs
Tel. +358 50 45 32330,