Economic impacts

Fortum is a significant economic actor in Finland, Sweden, Russia, Poland and the Baltic countries. We continuously monitor the impact and well-being generated by our operations to our stakeholders. The key stakeholders include lenders and shareholders, customers, personnel, suppliers of goods and services, and the public sector.

The most significant direct monetary flows of Fortum’s operations come from sales revenue from customers, procurements from suppliers of goods and services, compensation to lenders and dividend to shareholders, growth and maintenance investments, employee wages and salaries, and taxes paid.

Our operations also have indirect economic impacts. The Finnish State owns 50.8% of Fortum’s shares, and we contribute to a functioning society by, among other things, paying taxes and dividends. These secure society’s basic functions and build well-being. Investments and the procurement of goods and services provide employment both locally and outside our operating areas. New investment proposals are assessed against sustainability criteria. In terms of suppliers of goods and services, we also assess the global impacts, paying attention to suppliers of goods and services operating in risk countries. The wages and taxes paid have a positive impact on local communities.

 

4/5/2017