“For a cleaner world” reflects our ambition to drive the transformation towards
a low-emissions energy system and optimal resource efficiency. Our mission is
to engage our customers and society to drive the change towards a cleaner
world. Our role is to accelerate this change by reshaping the energy system,
improving resource efficiency and providing smart solutions. This way we
deliver excellent shareholder value.
Our next strategic steps, in two phases
execution of our strategy and the redeployment of cash will take place in two
phases. A significant part of the redeployment is targeted to take place during
first phase, the goal is to maximize cash flow through balance sheet
priority is the consolidation of the generation business in Europe. This will
include at least one sizable acquisition in the next few years. This is the
area we know best, and we believe that this move will maximise our
opportunities for growth and value creation.
also to invest to broaden the City Solutions business scope mainly in Europe –
organically and/or through acquisitions. The recent Ekokem acquisition offers
us a good platform for new types of circular economy solutions, while
maintaining a strong connection to our traditional core, the energy system.
resulting cash flow will be used for implementing Fortum’s dividend policy and
investments into longer-term competitiveness. In addition, Fortum will continue
its cost and asset portfolio optimisation in all divisions.
phase of strategy implementation will focus on securing Fortum’s longer-term
competitiveness. This has already started through wind investments in our
Nordic and Russian home markets and solar investments in India. Next steps will
include solar enabled system solutions, maximizing the added value from waste
and biomass as well as minimizing fossil emissions. In addition, new digital
services, active consumers, electric traffic, new storage solutions and other
potentially disruptive innovations will be included in Phase 2.
Megatrends working for us
four megatrends that shape the energy sector: Climate change and resource
efficiency; Urbanisation; New technologies and digitalisation; and Active
customers. These megatrends will bring profound changes – not only to how
energy is produced and sold to customers, but also to how it is consumed. The
megatrends will also push to maximise the value of resources, such as waste and
Sustainability is an integral part of our strategy.
The tight link between business operations and corporate responsibility
underscores the importance of sustainability as a competitive advantage. In our
operations, we give balanced consideration to economic, social and