PRESS RELEASE 16 October 2012
Carbon Disclosure Project (CDP) has ranked Fortum in the shared first place in
the Nordic Carbon Disclosure Leadership Index assessing the disclosure of
climate change information. Fortum ranked best for the second consecutive year
and received its highest scoring ever: 98 out of 100. CDP’s annual Nordic 260
report was released in Stockholm today.
"I am very delighted that our efforts on climate change mitigation have been
recognized again. I believe our success is based on our persistent work to
develop carbon dioxide-free energy production and the fact that climate issues
have been integrated into our business strategy. At Fortum we believe that
there will be a gradual transition towards a new energy system – a Solar
Economy. Our view is based on the global challenges requiring the whole energy
supply to be organised in a more sustainable way. In practice this means an
energy system based on CO2-free electricity production, smart energy
consumption and distribution, and high system and resource efficiency. Fortum's
actions to contribute to the transition towards a Solar Economy include
extensive use of hydropower, developing bioenergy, and active research in wave
power, solar power and solar heat. In 2011, 85% of Fortum's electricity
production in the EU was CO₂-free", says Anne Brunila, Fortum’s Executive Vice
President, Corporate Relations and Strategy.
In the Nordic Carbon Disclosure Leadership Index, companies are scored on their
climate change disclosure, and high scores indicate good internal data
management and understanding of climate change-related issues affecting the
company. The index comprises 26 companies and it is based on the analysis of
the responses to CDP’s 2012 questionnaire, which focused on greenhouse gas
emissions, emissions reduction targets, and risks and opportunities associated
with climate change. The Nordic 260 report can be found at www.cdproject.net.
CDP represents 655 institutional investors with USD 78 trillion in assets under
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 50 45 32330, email@example.com
Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfil the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and
sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia, Poland and the
Baltics. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2011, Fortum’s sales
totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion.
We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX
Further information: www.fortum.com