Fortum considers climate change and biodiversity loss as the biggest sustainability challenges for mankind. We strongly support the goals of the Paris Agreement to limit the average rise in global temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit it to 1.5°C. As part of our updated strategy, we aligned ourselves even further with the goals of the Paris Agreement by setting out both our long- and short-term climate targets. At the same time, we are committed to conducting our climate policy lobbying in line with the goals of the Paris Agreement.
Active dialogue and engagement with policy makers and other stakeholders is an important part of our daily business. We engage in climate policy discussions both directly and through our memberships in relevant industry associations. We want to ensure that the associations Fortum is a member of lobby in line with the goals of the Paris Agreement.
Increased transparency is the key
We want to be at the forefront of corporate transparency, which is also requested by institutional investors and non-governmental organisations. We are committed to the objectives of the Climate Action 100+ initiative, which has significant influence on how climate-related corporate activities will be disclosed in the future.
This Climate Lobbying Review is a continuation of our efforts to increase transparency around our advocacy related to climate change. The review includes 15 associations in which Fortum (excluding Uniper) is a member in Europe, Russia, and India. The objective of the review is to assess how aligned the industry associations are with the goals of the Paris Agreement and our key climate advocacy principles.
As part of the Climate Lobbying Review, we also sought to review our own climate lobbying positions in relation to the same climate advocacy principles set for the association reviews. Similar to the association reviews, also the review of our own positions has been conducted independently by a third-party actor.