Sustainability approach

Sustainability approach

Sustainability lies at the heart of our strategy. With our strategy, we are driving the change for a cleaner world and we wish to engage our customers and society to join this journey.

How we act responsibly

The entire energy sector is undergoing a transformation and Fortum is an integral part of this change. The faster pace of climate change is accelerating the need for structural changes in society.

Sustainability is at the heart of Fortum’s strategy. We drive the energy transition towards a carbon-neutral economy. A successful transition must balance sustainability, affordability, and security of supply. This requires renewables, but also nuclear power, clean hydrogen, energy storages, and other flexible solutions. As greenhouse gas emissions need to be reduced in other sectors besides energy, we provide clean energy and sustainable solutions for our industrial and infrastructure customers.

In addition to climate and resources, we pay close attention to the impacts our operations can have on our personnel and contractors and the society around us. Fortum’s top priorities were to ensure the health and safety of its employees and contractors and to maintain business continuity.

We want to excel in sustainability. Our sustainability targets affect every Fortum employee.

Sustainability priorities

Fortum reassessed its sustainability priorities in 2021. A sustainability materiality analysis was conducted based on internal and external stakeholder surveys, and an extensive desktop review. The materiality analysis applied a two-dimensional approach. It considered the sustainability impacts of Fortum’s business activities on a number of sustainability issues as well as the impacts of these issues on Fortum. Fortum’s sustainability priorities are presented in the materiality matrix below.

Sustainability materiality analysis 2021

 

Man working at home with laptop sitting on the floor

Global Compact reporting

Fortum has participated in the United Nations Global Compact initiative since 2010. In our 2021 Sustainability report, we describe the realisation of the Ten Principles of the Global Compact initiative in our operations in the sections Climate and resources, Personnel and society, and Business ethics and compliance. In addition, we use the GRI Sustainability Reporting Standards disclosures to measure compliance with human rights principles, labour standards, the environment, and anti-corruption. Please find Fortum’s Communication on Progress on the United Nations Global Compact website.

Windpower and landscape

Caring for Climate reporting

We joined the UN Caring for Climate initiative in 2013. We meet the reporting requirements of the Caring for Climate initiative by annually participating in the assessment in the CDP Climate Change questionnaire and by publishing our response on the CDP website.

Sustainability report

Sustainability 2021

Vision and strategy

With our strategy we drive the change for a cleaner world

Earth globe

CDP Climate change

Sustainability report

Fortum Sustainability policy