Fortum has received two significant recognitions for its leadership in climate affairs. The company was listed at the top of the Nordic Climate Disclosure Leadership Index (CDLI) and recognised among the leading global Carbon Pricing Champions.
"Carbon pricing and market play a key role in the global efforts to mitigate climate change. We consider a price of carbon and emissions trading as the most efficient and cost-effective tool to incentivise investments in low-carbon technologies," says Kari Kankaanpää, Senior Manager, Climate Affairs at Fortum.
Fortum has been recognised as a leader for the depth and quality of climate change data it has disclosed to investors and the global marketplace through CDP (Carbon Disclosure Project). Fortum’s status is awarded with a position on the Nordic Climate Disclosure Leadership Index (CDLI). CDP's Nordic 2014 report was released in Stockholm today.
Fortum has scored 99 out of a total of 100. The CDLI is made up of the organisations ranking within the top 10%. The score threshold for earning a ranking on the Nordic CDLI rose up to 95 in 2014.
"Expert assessments of sustainability and good rankings in significant indexes are important to Fortum because they support the development and continuous improvement of our operations. We believe that accountability for contributions to climate change is a business imperative," concludes Sophie Jolly, Vice President, Investor Relations at Fortum.
Advocating for a price on carbon
In September, Fortum was recognised among the leading 25 global Carbon Pricing Champions. The recognition by the United Nations Caring for Climate Initiative was awarded in connection to the high-level UN Climate Summit in New York, where 120 heads of state and government and ministers were present.
The awarded companies have aligned with the Business Leadership Criteria on Carbon Pricing, meaning they have integrated carbon pricing into long-term strategies and investment decisions, they consistently advocate the importance of carbon pricing, and they continuously report on progress in climate performance in their corporate filings.
Kari Kankaanpää, Senior Manager, Climate Affairs, +358 50 453 2330
Sophie Jolly, Vice President, Investor Relations, +358 40 828 7317
Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki. www.fortum.com
CDP, Carbon Disclosure Project, is an international, not-for-profit organisation providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.
Complete lists of CDP leaders along with the climate disclosures of all companies publicly taking part in CDP’s climate change program this year is available on CDP’s website www.cdproject.net.
More information about United Nations Caring for Climate initiative and Carbon Pricing Champions: