Fortum updated its financial targets and dividend policy on 3 December 2020. The long-term financial targets are:
- Financial net debt/comparable EBITDA below 2x
- Hurdle rates for new investments of WACC
- +100 bps for green investments
- +200 bps for other investments
Fortum's dividend policy has been revised and ‘is to pay a stable, sustainable, and over time increasing dividend’. Fortum’s Board of Directors aims to propose a dividend of EUR 1.12 per share for the year 2020 with the target to increase the dividend going forward.
Fortum continues to be committed to maintaining a rating of at least BBB.
In addition, Fortum also uses the applicable Global Reporting Initiative (GRI) G4 indicators for reporting economic responsibility.