Fortum is a significant economic actor in Finland, Sweden, Russia, Poland, Norway and the Baltic countries. We continuously monitor the impact and well-being generated by our operations to our stakeholders. The key stakeholders include shareholders and investors, 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 financiers and dividend to shareholders, growth and maintenance investments, employee wages and salaries, and taxes borne.
Our operations also have indirect economic impacts. The Finnish State owns 50.76% 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. In terms of suppliers of goods and services, we also assess the global impacts, paying particular attention to suppliers of goods and services operating in risk countries. The wages and taxes paid have a positive impact on local communities.
Distribution of added value 2015
In 2015, the difference between added value generated and distributed to stakeholders was EUR 128 (2014: 928) million for the development of own operations.
Monetary flows by stakeholder group in 2013‑2015 (GRI G4 -EC1)
The distribution of the economic added value generated by our operations to the most significant operating areas is reported in the following parts of the annual reporting:
We have included investments in our own assessment of economic impacts, as their annual volume and impact on the society is significant. Capital expenditure by country and by production type is presented in Financial Statements Note 19.2. Capital Expenditure.
Provisions related to nuclear power are covered in the financial statement, Note 30. Nuclear related assets and liabilities.
In 2015 we received financial support from the public sector in the form of production-related subsidies, investments, R&D and other significant grants (over EUR 0.5 million) totalling EUR six (2014: 3) million. The figure excludes free emission allowances and electricity certificates as well as electricity and heat price related subsidies.