FORTUM CORPORATION PRESS RELEASE 2 November 2015
CDP (formerly Carbon Disclosure Project) has ranked Fortum as a Nordic leader for the depth and quality of climate related information and awarded a position on the CDP's Nordic Climate Disclosure Leadership Index (CDLI), released today. The index assesses companies' climate disclosure and top scores indicate a high level of transparency in the disclosure of information. Fortum’s disclosure score was the best possible: 100/100 and performance score A- (scale A-C). Fortum is featured in the CDLI for the 8th consecutive year.
CDP represents 822 institutional investors with EUR 86 trillion in assets. More than 5,500 companies disclosed environmental information through CDP in 2015. The investor community uses the 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 we believe that accountability for mitigating climate change is a business imperative. We welcome the increasing awareness and interest of capital markets on climate disclosure and performance. External independent assessments of our climate impact and listing in significant indexes are important for us, as they support the continuous development of our operations. They are also increasingly valuable for investors to evaluate companies' preparedness for a low carbon future", says Marja Mäkinen from Fortum Investor Relations.
Kari Kankaanpää, Senior Manager, Climate Affairs, +358 50 453 2330
Marja Mäkinen, IR (SRI) Manager, Investor Relations, +358 40 527 4090
Fortum’s purpose is to create energy that improves life for present and future generations. Fortum’s expertise is in CO2-free and efficient electricity and heat production. The company also offers energy-related products and expert services to private and industrial customers and energy producers. Fortum’s main areas of operation are the Nordic and the Baltic countries, Russia and Poland. In 2014, the annual sales (excluding the divested electricity distribution business) totalled EUR 4.1 billion, and comparable operating profit was EUR 1.1 billion. The company employs approximately 8,000 people. Fortum’s share is listed on Nasdaq Helsinki.
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of €86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them.