Press release

Fortum's climate reporting and performance ranked at the top in the Nordic countries

21 October 2010, 14:00 EEST

Fortum Corporation
Press release
21 October 2010

Fortum's climate reporting and performance ranked at the top in the Nordic countries Fortum is included in the Nordic Carbon Disclosure Leadership Index comprising twenty companies that have the most professional approach to management of climate affairs. Extensive and transparent greenhouse gas reporting, a thorough understanding of climate risks and opportunities, and successful integration of climate issues into business strategies were among the factors that convinced the analysts of Fortum's efforts regarding climate change mitigation. Fortum was listed among the companies with the highest scores in the CDP Nordic 200 Report that was published today in Helsinki. Carbon Disclosure Project (CDP) analysed the carbon disclosure and performance of the 200 biggest Nordic-listed companies. Fortum received 82 out of 100 points regarding disclosure and received a score of B in carbon performance (ranked on an A-D scale). The index, compiled by Jönköpings International Business School (Jibs) on behalf of CDP, provides an evaluation tool for institutional investors. CDP represents 534 institutional investors with $64 trillion in assets under management. “Climate change will continue to be a fundamental business driver for Fortum. Sustainable energy solutions have been at the core of our strategy since the mid-1990s. Our core operations are based on our strong competence in carbon dioxide-free nuclear, hydro and resource-efficient CHP production. Fortum's view is that future energy systems should be based on high energy efficiency and technologies enabling carbon dioxide-free energy production. We want to build a low-carbon society in collaboration with other sectors in society”, says Anne Brunila, Executive Vice President, Corporate Relations and Sustainability, Fortum. Fortum has purposefully developed its climate disclosure e.g. by extending its greenhouse gas reporting to cover both direct emissions from energy production and indirect emissions from the supply chain. In addition to carbon dioxide (CO2), Fortum's greenhouse gas reporting also includes methane (CH4) and nitrogen oxide (N2O). A year ago Fortum published the climate report "Fortum and Climate Change 2009" and the recently released report "Next Generation Energy" describes the company's new approach to sustainability. "Currently Fortum is revising its CO2 targets to include specific CO2 emissions from total energy production in all operating countries. The company has also decided to set a target for energy efficiency because, in addition to CO2 emissions, the efficient use of resources is extremely important for us", Brunila continues. Fortum Corporation Corporate Communications Further information: Kari Kankaanpää, Sustainability Manager, tel. +358 10 45 32330, kari [dot] t [dot] kankaanpaa [at] fortum [dot] com