PRESS RELEASE 8 October 2013
CDP (Carbon Disclosure Project), representing over 700 institutional investors,
has ranked Fortum as the best company in the Nordic climate index. The index
assesses companies' climate performance.
Fortum received its all-time high scoring – a full 100/100. Fortum is featured
in the CDP's Nordic Climate Disclosure Leadership Index (CDLI) for the 6th
consecutive year. This year the Nordic CDLI comprises 27 companies.
CDP is representing 722 institutional investors with USD 87 trillion in assets.
The investor community uses the scoring to assess corporate preparedness for
changing market demands and emissions regulation. Good disclosure scores are
used by investors as a proxy of good climate change management of companies.
The Nordic Report is available at www.cdproject.net.
"Climate change mitigation is embedded in Fortum's strategy, and the company's
electricity production's CO2 emissions have been among the lowest for years in
the European energy sector," says Ulla Rehell, Vice President of Sustainability
"To increase the investment certainty in the energy sector, the future energy
and climate policy framework and ambition level in Europe should be clarified
as soon as possible. Moving forward, emissions trading should be the only
steering mechanism to reduce CO2 emissions," she continues.
During 2013 Fortum has further expanded its greenhouse gas emissions reporting.
It now covers emissions from purchased goods and services and from the
different parts of the life cycle of electricity and heat, among others.
With its peak scoring, Fortum would have shared a top ranking also in the
global climate index. Because the company's market capitalisation was below the
threshold for inclusion among the 500 largest companies worldwide, it was only
assessed in the Nordic index.
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 10 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 2012, Fortum’s sales
totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion.
We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX
Additional information: www.fortum.com
CDP, Carbon Disclosure Project is an international, not-for-profit organization
providing the only global system for companies and cities to disclose, manage
and share vital environmental information. CDP works with market forces,
including 722 institutional investors with assets of US$87 trillion, to
motivate companies to disclose their impacts on the environment and natural
resources and take action to reduce them.