Press release

Another climate benign year for Fortum

06 March 2009, 13:00 EET

Fortum Corporation
Press release
6 March 2009

ANOTHER CLIMATE BENIGN YEAR FOR FORTUM Fortum's environmental key figures in 2008 - Fortum's specific CO2 emissions among the lowest of European power generators. - 92% of the electricity generated by Fortum in the EU and 75% of total electricity generation was free of CO2 emissions. - Renewables accounted for 46% of Fortum's European electricity generation. - Fortum is the leading seller of eco-labelled electricity in the Nordic countries. - Ambitious EHS-plan launched in TGC-10. In 2008, 92% of the electricity generated by Fortum in the EU countries was free of carbon dioxide emissions (89% in 2007). The share of CO2-free electricity in Fortum's total production, including Russian subsidiary TGC-10, was 75%. Renewable energy sources accounted for 46% (40%) of Fortum's electricity generation and 34% (34%) of heat generation within the EU countries. The specific CO2 emission of the company's total electricity generation, including TGC-10, was 134 g/kWh. In the EU area, the specific CO2 emission was at a level of 41 g/kWh (64 g/kWh), which is among the lowest of the major European power companies. As a comparison, the average specific emission of major European power generators has been close to 400 g/kWh during recent years. Fortum has launched an ambitious EHS-plan (environment, health and safety) in TGC-10 in order to bring the company's performance closer to the level of Fortum's other operations. The EHS plan includes several concrete measures to reduce TGC-10's CO2, sulphur and particle emissions. In the long run, existing old power plants will be replaced with new ones with better energy efficiency. Optimising CHP- and heat-only production also offer significant savings potential. Furthermore, Fortum will study the feasibility of replacing some coal use with biomass or waste-derived fuels in TGC-10. Planning and preparation for a carbon capture and storage (CCS) testing facility will be started as TGC-10's geographical location close to major Russian oil and gas fields makes CCS a very attractive future option. Today ISO 14001 environmental certificates cover approximately 97% (96%) of Fortum's business volume in Europe. According to the EHS action plan, also TGC-10 will be ISO 14001 certified by end 2012. Fortum was the leading seller of eco-labelled electricity in the Nordic countries also in 2008. Over 60% of Fortum's customers, altogether 700,000, buy eco-labelled electricity in Finland, Sweden and Norway. Fortum received several significant recognitions for its sustainability performance in 2008. For the sixth year in a row, the company secured its place on the global Dow Jones Sustainability World Index. This year, Fortum was also included in the Dow Jones STOXX Sustainability Index. Furthermore, Fortum was included for the second consecutive time in the Climate Disclosure Leadership Index, and is included on Storebrand's global “Best in Class” list as the most responsible energy company. Fortum Corporation Corporate Communications Further information: Carola Teir-Lehtinen, Corporate Vice President, Sustainability Tel. +358 10 45 24118 carola [dot] teir-lehtinen [at] fortum [dot] com www.fortum.com/sustainability Fortum publishes its environmental key figures annually. Further information can be found at www.fortum.com/sustainability and Fortum's annual report.