Press release

Fortum ranked best in the Nordic Climate Index

21 October 2011, 12:01 EEST

PRESS RELEASE 21.10.2011

Carbon Disclosure Project (CDP) has ranked Fortum as the best Nordic company in the disclosure of climate change information. 

For the fifth consecutive year, Fortum is featured in CDP’s Nordic Carbon Disclosure Leadership Index. This index comprising 26 companies is a key component of CDP’s annual Nordic 260 report that was released in Stockholm today. CDP represents 551 institutional investors with $71 trillion in assets under management.

In the launch event Anne Brunila, Executive Vice President, Corporate Relations and Sustainability at Fortum, presented Fortum's view on the transition towards sustainable energy systems and solar economy. Brunila highlighted the company's strong commitment to climate change mitigation but reminded on the necessity and importance of clear and coherent market and regulatory framework of which the current economic uncertainty is underlining. According to Brunila, prerequisites for the solar economy include e.g. deregulated and transparent wholesale and retail markets as well as predictable, market-driven and harmonised environmental regulation and energy policy.

Brunila also described prime examples on Fortum's actions to the sustainable urban living in Stockholm area: development of smart grids and smart heating and cooling solutions at Royal Seaport of Stockholm.

Amanda Haworth Wiklund, Director of CDP Nordic, said: “Company responses are an abundant source of innovative examples. The R&D effort is paying off – Nordic companies are showing that superior products can be made using less energy and fewer of our scarce natural resources.”

Further information:
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 50 45 32330, kari [dot] t [dot] kankaanpaa [at] fortum [dot] com (kari[dot]t[dot]kankaanpaa[at]fortum[dot]com)

About Fortum

Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sale of electricity and heat as well as related expert services.

Fortum's operations focus on the Nordic countries, Russia and the Baltic Rim area. In the future, integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2010, Fortum's sales totalled EUR 6.3 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,500 people. Fortum's shares are quoted on NASDAQ OMX Helsinki.