Press release

Fortum's climate disclosure top-class in the world

22 September 2009, 08:30 EEST

Fortum Corporation Press release 22 September 2009

Fortum's climate disclosure top-class in the world                              

Fortum is featured for the third consecutive year in the “Carbon Disclosure     
Leadership Index" by Carbon Disclosure Project (CDP). Transparent reporting and 
a systematic plan to reduce the greenhouse gas emissions - that now also covers 
OAO Fortum in Russia - have convinced the analysts of Fortum's efforts regarding
climate change mitigation. Fortum's score in the CDP ranking improved from      
74/100 in 2008 to 79/100 this year.                                             

The Carbon Disclosure Leadership Index lists the top 50 companies within the    
FTSE Global 500 Index, which have displayed the most professional approach to   
corporate governance in respect of climate change disclosure practices. The     
analysis is based on the companies' responses to CDP's 2009 questionnaire that  
focused on greenhouse gas emissions, emissions reduction targets as well as     
risks and opportunities associated with climate change. In the utilities sector,
the average score was 64. The US utilities PG&E Corporation and Public Service  
Enterprise Group ranked the highest, both scoring 88/100. Fortum is the only    
Nordic company in the CDLI.                                                     

"It is a great honour for Fortum to receive external recognitions for our       
efforts on climate change mitigation. Fortum's ultimate goal is to become a CO2 
free power and heat company. In Europe, Fortum has been one of the least        
emitting energy companies for years. We will also put a lot of effort into      
reaching ambitious emission reduction objectives in Russia," says Anne Brunila, 
Executive Vice President, Corporate Relations and Sustainability, Fortum.       

In 2008, 92% of Fortum's electricity production in the EU was CO2 free. The     
corresponding figure including Russia was 75%. Fortum's aim is to improve energy
efficiency and reduce specific emissions in all operating countries. In Russia, 
Fortum has introduced an Environment, Health and Safety action plan. Increased  
energy efficiency and optimised combined heat and power production are among    
already started measures. In addition, replacement of coal with biomass and/or  
waste fuels as well as carbon capture and storage will be explored as possible  
further measures.                                                               

Paul Dickinson, Chief Executive of the Carbon Disclosure Project, comments:     
“Companies recognised in the Carbon Disclosure Leadership Index are rewarded for
high quality responses to CDP, which demonstrate a good understanding of how    
climate change is and will continue to impact their business. Companies which   
control their risks today, manage their emissions and seize the opportunities to
produce low carbon goods and services, will be the best placed to prosper in a  
low carbon economy of the future.”                                              

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