Fortum receives high rating by CDP for climate actions

26 lokakuu 2016, 17:08


Fortum was ranked in category A- and as the top company in the utilities sector

in the annual CDP (formerly Carbon Disclosure Project) rating 2016. The Nordic
edition of CDP’s 2016 Climate Change report, analysing data disclosed by Nordic
companies, was released yesterday in Oslo, Norway.

Today, 97% of Fortum’s electricity production in the EU area and 64% of our
total electricity production is carbon-free. The company’s specific emissions
are about 10-15% of the average specific emissions of major European utilities.

Fortum scored A- (scale from D- to A, A being the highest score), which means
that the company actions represent best practices to advance environmental
stewardship, thorough understanding of risks and opportunities related to
climate change, formulated and implemented strategies to mitigate or capitalize
on these risks and opportunities. Fortum has been participating in the CDP
since 2005.

“In addition to climate actions, also high-quality and transparent reporting is
essential. Over the last decade the non-financial reporting has become a
mainstream requirement for financial markets to fully assess investment targets
and incorporate climate change risk and opportunities in investment decisions
and we see its importance only increasing,” says Marja Mäkinen from Fortum’s
Investor Relations.

Fortum Corporation
Group Communications

Further information:
Marja Mäkinen, IR (SRI) Manager, Investor Relations, +358 40 527 4090

About CDP
CDP, formerly 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 in order to
motivate companies to disclose their impacts on the environment and natural
resources and take action to reduce them. CDP represents 827 institutional
investor with US$ 100 trillion assets under management. In 2016, more than
1,000 companies disclosed environmental information through CDP. The investor
community uses the scoring to assess corporate preparedness for changes in the
global operating environment, market demands and emissions regulation.

Fortum's vision is to be the forerunner in clean energy. We provide our
customers with electricity, heat and cooling as well as other energy solutions
that improve present and future life. Already 64% of our electricity generation
is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,
Poland and India. In 2015, we employed some 8,000 energy sector professionals,
and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq
Helsinki. www.fortum.com