Press release

Fortum's climate strategy among the best in the world

22 September 2008, 17:35 EEST

Fortum Corporation Press Release 22.9.2008

Fortum's climate strategy among the best in the world 
Fortum is honoured as one of the best utilities in the world for its approach to
climate change disclosure in a report, which was released today in New York by  
the Carbon Disclosure Project (CDP), a coalition of over 385 global investors   
with more than $57 trillion in assets. The CDP report is a survey of the        
responses of “Financial Times 500” corporations on the issue of climate change. 

In the report, Fortum is included for the second consecutive time in the        
“Climate Disclosure Leadership Index”, a prestigious honour roll for global     
corporations addressing the challenges of climate change. CDLI is comprised of  
67 FT500 companies that show distinction in their reporting of greenhouse gas   
emissions and management of climate change strategies. Fortum scores 74 out of  
100 whereas the average CDLI score for leaders in the carbon intensive industry 
overall was 73 points. Fortum is the only Nordic power and heat company on the  

"Climate change is a major challenge of our time, largely affecting the future  
of our industry. A listing on the CDLI is a great honour for Fortum and         
recognition of our strong track record in climate change mitigation. We are     
already now one of the lowest-emitting power producers in Europe - and aim to   
maintain that position. We want to be an enabler of a low carbon society, says  
Fortum's President and CEO Mikael Lilius.                                       

Climate change mitigation has been a major driver in the company strategy.      
Fortum has set strict targets for its CO2 emissions. In electricity production, 
the target is to decrease the specific CO2 emission level in the EU to less than
80 g/kWh by 2020 as a five-year average. In heat production, Fortum's aim is to 
reduce the specific emissions in each EU-country by at least 10% from 2006 until

Paul Dickinson, Chief Executive of the CDP, commented: “Good corporate          
governance in respect of climate change disclosure will inevitably reap its     
rewards. As carbon regulation increases, those companies that have implemented  
climate change related strategies are clearly going to be in a far better       
position to meet the challenge of higher carbon prices than companies that have 
procrastinated.  Good disclosure practices are synonymous with good management.”

The Carbon Disclosure Project is an independent not-for-profit organization. CDP
collects key climate change data from more than 1,550 major corporations around 
the globe and has assembled the largest corporate greenhouse gas emissions      
database in the world.                                                          

Fortum Corporation                                                              
Corporate Communications                                                        

Further information:                                                                                                                                                            
Kari Kankaanpää, Manager, Climate Affairs                                       
Tel. +358 10 45 32330                                                           
kari [dot] t [dot] kankaanpaa [at] fortum [dot] com