Fortum was awarded as the second best overall reporter in the Finnish contest of sustainability reporting. In the contest, companies’ reporting of environmental and social responsibility issues in the annual report, in separate reports and on the Internet pages is assessed.
The jury’s comments included the following: “Fortum reports on its sustainability issues mainly on its website. Fortum's reporting on Internet is excellent and it was assessed the best in the contest. The summary in paper form contains a brief account of the most essential issues and it works well on its own too. Sustainability issues are included in the key sections of Fortum’s annual report, such as in the President and CEO’s review and Board of Directors' report."
Fortum has been reporting on its environment and safety achievements and challenges since 1992. Since 1999, the name of the report has been “Fortum in Society”. Currently, the printed report only gives the key issues, while most of the information is available on the website.
This year the contest was organised for the ninth time, appraising the reporting of more than 150 companies or other organisations. For example, all of the companies on the Main List of Helsinki Stock Exchange were appraised. Of these, 86% reported on environmental and social responsibility issues in their annual report, 61% on their website, and 20% in separate reports. A record number of 61 separate reports were included in the contest this year.
The best reports in Finland have been awarded since 1996. Fortum has been among the best every year. The only exception is 2000 when Fortum did not take part in the contest in Finland, but was a member of the jury.
The 2004 contest was organised by the Economics Information Office, Finnish Institute of Authorised Public Accountants, the Ministry of the Environment, the Ministry of Trade and Industry, the Association of Environmental Management the newspaper Kauppalehti. The reports were assessed by LTT Research Ltd and the Helsinki School of Economics.