The purpose of Public Affairs is to ensure a good and supportive operational environment for all Fortum's business areas in all our countries of operation. We facilitate the successful development and implementation of Fortum's strategy by compiling and assessing information related to future policy and legislative developments and through pro-active, constructive and transparent lobbying in our operating countries. We contribute to Fortum's image as an constructive partner in policy developments.
We advocate market-based solutions to drive the necessary change in the energy system.
We believe in the future energy system with substantially lower emissions, higher resource efficiency and a higher share of power generation based on renewables.
For us, customer is in the center and we engage them to drive the change towards a cleaner world.
Our key lobbying issues
Competitive electricity and heat market and effective carbon pricing
We call for electricity market development based on competition, level playing field between different technologies and strong climate policy with the EU Emission Trading System as a key tool for decarbonisation.
Competitive business environment
We call for a balanced approach when developing policies, regulation or taxation in order to avoid excessive increase of fixed costs to energy generation that have negative impact on competitiveness. In general, all policy decisions should be in line with energy and climate policy objectives.
Regulations supporting energy transition and new technologies
We call for development of the regulatory framework to facilitate a smooth transition to a new and flexible energy system. The roles of different actors in flexibility service market and principles relating to taxation of energy storages should be clarified. Within EU, the rules and principles should be the same.
We interact with national authorities, legislators and decisionmakers in different ways through our businesses in the Nordic and Baltic countries, Poland, Russia and India. Our key stakeholders in the EU policies include the European Commission, European Parliament and the representatives of member states in the Council.
Our active participation in national and international industry organisations and cooperation with NGOs help us to deepen our understanding of global megatrends and policy developments and their connections to our business.
Fortum has also joined several joint business initiatives promoting market driven energy and climate policy.
Fortum has an informal Advisory Council consisting of representatives of Fortum’s stakeholder groups as invited by the Board of Directors. The Advisory Council aims to increase the dialogue and the exchange of views between the company and its stakeholders.
Our Code of Conduct
Fortum’s Code of Conduct establishes the foundation for our way of operating in all countries where we do business. Without exception, all Fortum employees are expected to comply with the Code of Conduct, the laws and regulations guiding our operations and the Group policies, principles and guidelines. The anti-corruption and anti-bribery principle is included in our Code of Conduct for suppliers of goods and services.
As an active corporate citizen, Fortum offers energy industry expertise to decisionmakers and non-governmental organisations in energy-related issues. Fortum as a company does not support, directly or indirectly, any political parties or other political organisations. Nor does it participate in the financing of the election campaign of any single candidate.