Further, Fortum has an informal Advisory Council consisting of representatives of Fortum’s different key stakeholder groups as invited by the Board of Directors. The Advisory Council aims at maintaining and furthering the dialogue with Fortum’s key stakeholders to advance Fortum’s interests, brand and reputation. In 2023, the Advisory Council consisted of 15 representatives of Fortum’s different stakeholder groups, including three employee representatives.
As sustainability is an integral part of Fortum’s strategy and operations, the highest level of decision-making on sustainability and climate-related matters is with the Board of Directors. Therefore, Fortum has not established a specific Sustainability Committee for the decision-making on Environmental, Social and Governance (ESG) matters. The Audit and Risk Committee, the Technology and Investment Committee, members of the Fortum Leadership Team, and other senior executives support the Board of Directors in the decision-making in these matters.