12 June 2009
Fortum's Climate Report published
Fortum has published its "Fortum and Climate Change 2009" report that describes
how the company is addressing the climate challenge. The report is available
online at http://www.fortum.com/sustainability/climate.
Fortum has a long-standing, strong commitment to reducing greenhouse gas
emissions from its energy production and other operations. Fortum's
carbon-dioxide free power generation in Europe is already more than 90%.
"For several years, Fortum has been acknowledged as one of the best utilities in
the world for its approach to climate change by the Carbon Disclosure Project.
With our newly-published report, we aim to further improve the transparency of
our reporting", says Carola Teir-Lehtinen, Corporate Vice President,
"With this report, we disclose our climate strategy and performance to a wide
group of stakeholders. It describes our strong track record in climate change
mitigation and our role as an enabler of a low-carbon society. We believe that
our climate strategy, good carbon governance and disclosure practice help
investors to judge Fortum's position in meeting future climate commitments and
higher carbon prices," she continues.
In 2008, thanks to determined investments in low-carbon energy sources and
emission reduction measures, 92% of Fortum's power generation in the EU was
CO2-free. The specific CO2-emission of Fortum's power generation is only 10% of
the corresponding average figure in Europe. A wide range of emission reduction
measures have resulted in an annual total reduction of 3.6-5.9 million tonnes of
Fortum has strict targets for carbon-dioxide emissions from its electricity and
heat production within the EU. Outside the EU, Fortum is committed to increasing
the energy efficiency of power plants and thus reducing specific emissions. A
number of other mitigation measures have been taken as well, e.g. a CO2-emission
limit for company cars and a 10% emission reduction target on CO2 from air
The Fortum and Climate Change 2009 report presents Fortum's position on climate
change, describes its goals in CO2-emission reduction and lays out the actions
taken to reach the goals with several case examples. The report also discusses
carbon governance, climate-benign products and services as well as Fortum's
research and development for a carbon-free future. The ultimate goal for Fortum
is to become a carbon-dioxide free energy company.
Kari Kankaanpää, Manager, Climate Affairs, tel. +358 10 4532330
Fortum is a leading energy company focusing on the Nordic countries, Russia and
the Baltic Rim area. Activities cover the generation, distribution and sale of
electricity and heat and the operation and maintenance of power plants. Our
vision is to be the benchmark power and heat company excelling in