Expert assessments of our sustainability efforts and good rankings in sustainability indices are important to us as they support the continuous improvement of our performance.
CDP - Climate Change
We were ranked in category A- (scale from D to A, A being the highest score) among the Electric utilities sector in the annual CDP Climate Change rating 2020. CDP collects information on climate risks and low carbon opportunities from the world’s largest companies. We disclose our climate change impact through CDP, a global non-profit that runs the world's leading environmental disclosure platform. Read CDP disclosure in full here.
FTSE4Good Index Series
As of June 2019 Fortum satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
STOXX Global ESG Leaders
We are included in the STOXX Global ESG Leaders index. The index offers a representation of the leading global companies in terms of environmental, social and governance criteria. The index is made of the following three ESG sub-indices: the STOXX Global ESG Environmental, Social and Governance Leaders indices.
We are a constituent of the ECPI® Indices. ECPI focuses primarily on the ESG (Environmental, Social, and Governance) performance factors that determine issuers’ sustainability and intangible market value. ECPI research covers over 4,000 issuers and maintains one of the world‘s largest sustainability databases.
ISS ESG Corporate Rating
ISS ESG Corporate Rating has awarded us a Prime Status (B-) rating. Prime status is awarded to companies that meet specific minimum requirements in Corporate Ratings and achieve the best ESG scores among their sector peers.
OMX Sustainability Finland index
We are included in the NASDAQ OMX Sustainability Finland Index. The index consists of the 40 shares with the highest Sustainability ranking of the 80 most traded shares on NASDAQ Helsinki.
Euronext Vigeo Eurozone 120 and Euronext Vigeo Europe 120 indices
We are included in the Euronext Vigeo Eurozone 120 and Europe 120 indices. The indices distinguish the 120 most advanced companies in the region based on their environmental, social and governance performance. The assessment is based on 330 indicators.
MSCI ESG Rating
In 2020, Fortum received a rating of BBB (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.