Our tax principles and governance

Even though our business is long term, it is subject to multiple rapid changes; climate targets and our new strategic fit require material changes to operations and compliance with a wide range of new tax regulation. Therefore, predictability and certainty are of great importance for us also in taxation.

Bridge and electricity grid

Fortum’s approach to taxation – our principles for responsible tax

Fortum operates in the energy sector which is characterized by long term capital intensive investments. We aim to manage our taxes in a responsible manner in order to ensure that our businesses can continue to invest, to operate flexibly and efficiently, and to safeguard returns to our shareholders as well as contributions to societies where Fortum has operations or create value.

The purpose of our Tax Principles is to describe Fortum’s approach to taxation and the principles which steer the tax management in the group.

Read the Tax Principles

Fortum Group's Tax Governance

Fortum Group’s Tax Governance Principles describe our approach to responsible tax management on a corporate level and our principles to tax management. Our Tax Governance Principles set the outline for the main accountabilities and responsibilities within our tax principles, as defined by the Board of Directors and tax management, as well as our approach to taxes as part of business.

Read the executive summary of Tax Governance