Fortum ranked as the Nordic leader in climate change mitigation

Fortum Corporation                                                              
Press release                                                                   
9 September 2009                                                                
Fortum ranked as the Nordic leader in climate change mitigation                 

In the report ‘Taking the Temperature' published today by Ethix SRI Advisors and
Insight Investment, Fortum was ranked with a score 80/100 as the clear leader in
the Nordic region in climate change mitigation. The new report assesses how the 
40 largest companies in Denmark, Finland, Norway and Sweden are responding to   
risks and opportunities presented by climate change. The average score of the   
Nordic companies was 37/100.                                                    

Fortum's green house gas emissions are amongst the lowest of European power     
generators. In 2008, 92% of the electricity generated by Fortum in the EU was  
free of CO2 emissions. Fortum is the leading seller of eco-labelled electricity 
in the Nordic countries.                                                        

"We have put a lot of effort into sustainability in the recent years and are    
very proud of the external recognitions that show that we are moving in the     
right direction. As an energy company, climate change mitigation is essential   
for our continued success. Emission reductions in our own operations, energy    
efficiency and other sustainable energy solutions are key elements on this      
journey," says Carola Teir-Lehtinen, Corporate Vice President, Sustainability.  

In the report "Taking the Temperature 2009 Nordic region" the 40 largest listed 
Nordic companies are evaluated on climate change governance frameworks,         
policies, risk assessment processes, green house gas inventories, historic      
emissions reduction performance and targets as well as implementation           
strategies, and contribution to wider climate change policy debates.            

The Swedish newspaper, Dagens Industri, wrote today that investors find         
corporate sustainability reporting in general insufficient. The paper states    
that Finnish companies are ahead in the sustainability reporting, followed by   
Sweden.                                                                         

Fortum Corporation                                                              
Corporate Communications                                                        

Link to the Ethix SRI Advisors' press release:                                  
http://www.ethix.se/nyheter/include2.asp?id=180                                 

Link to the "Taking the Temperature 2009 Nordic region" full report:            
http://www.ethix.se/nyheter/images/Taking_The_Temperature_2009_NORDIC.pdf       

More information about Ethix SRI Advisors: http://www.ethix.se/                 
More information about Insight Investments: http://www.insightinvestment.com/   

Further information:                                                            
Kari Kankaanpää, Manager, Climate Affairs                                       
Tel. +358 50 45 32330,                                                          
kari.t.kankaanpaa@fortum.com

About Us

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com

Subscribe