Press release

Fortum re-ranked the most responsible energy company in Storebrand's global 'Best in Class' report

26 February 2009, 11:00 EET

Fortum Corporation
Press release
26 February 2009

Fortum re-ranked the most responsible energy company in Storebrand's global 'Best in Class' report Norwegian banking group Storebrand has published its global report on the most responsible companies in the electric utilities sector. Among the 53 companies evaluated, 14 best were estimated to fulfil the criteria of the Storebrand funds. The report assessed companies with various indicators in the areas of environmental and social performance. In the overall assessment, Fortum was ranked the best, for the second time in a row. Fortum had the highest score with regard to climate change mitigation thanks to its comprehensive approach and large share of renewables in power generation. Also R&D investments in renewable energies and in carbon capture technologies were acknowledged. This year, climate change was added to the industry analysis as a new main indicator. Companies with the strongest impact and the worst performance in the climate change assessment do not qualify for any of Storebrand's investments. Fortum got top scores also for its social performance, especially in the areas of corporate governance, occupational health and safety as well as human and labour rights. Also active approach to stakeholders was acknowledged. Storebrand performs periodic analyses of companies listed in the Morgan Stanley Capital International World Index. These analyses cover environmental and social responsibility performance. Those companies ranking among the top 30% of Storebrand's SRI assessment earn the Storebrand Best in Class qualification. The recipients of the symbol qualify as Storebrand's SRI investment targets. Storebrand is one of the pioneers in the assessment of corporate responsibility of investment targets and one of the best SRI-investment companies in the world. In addition to the recognition from Storebrand, Fortum is also included on the global Dow Jones Sustainability and World Indexes as the only Nordic power and heat company. Furthermore, Fortum is included in the Climate Disclosure Leadership Index (CDLI), which comprised 68 FT500 companies that show distinction in their reporting of greenhouse gas emissions and implementation of climate change strategies. Fortum is the only Nordic energy company also in this index. Fortum Corporation Corporate Communications Further information: Hannu Härkönen, Sustainability Manager Tel. +358 10 45 24162 hannu [dot] harkonen [at] fortum [dot] com