CDP (Carbon Disclosure Project), representing over 700 institutional investors, has ranked Fortum as the best company in the Nordic climate index. The index assesses companies' climate performance.
Fortum received its all-time high scoring – a full 100/100. Fortum is featured in the CDP's Nordic Climate Disclosure Leadership Index (CDLI) for the 6th consecutive year. This year the Nordic CDLI comprises 27 companies.
CDP is representing 722 institutional investors with USD 87 trillion in assets. The investor community uses scoring to assess corporate preparedness for changing market demands and emissions regulation. Good disclosure scores are used by investors as a proxy of good climate change management of companies.
"Climate change mitigation is embedded in Fortum's strategy, and the company's electricity production's CO2 emissions have been among the lowest for years in the European energy sector," says Ulla Rehell, Vice President of Sustainability at Fortum.
"To increase the investment certainty in the energy sector, the future energy and climate policy framework and ambition level in Europe should be clarified as soon as possible. Moving forward, emissions trading should be the only steering mechanism to reduce CO2 emissions," she continues.
During 2013 Fortum has further expanded its greenhouse gas emissions reporting. It now covers emissions from purchased goods and services and from the different parts of the life cycle of electricity and heat, among others.
With its peak scoring, Fortum would have shared a top-ranking also in the global climate index. Because the company's market capitalisation was below the threshold for inclusion among the 500 largest companies worldwide, it was only assessed in the Nordic index.
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 10 45 32330, kari [dot] t [dot] kankaanpaa [at] fortum [dot] com
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 sales of electricity and heat as well as related expert services.
Fortum’s operations focus on the Nordic countries, Russia, Poland and the Baltics. In the future, integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2012, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion. We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.
CDP, Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.