Fortum's Climate Report published
Fortum Corporation Press release 12 June 2009
Fortum's Climate Report published Fortum has published its "Fortum and Climate Change 2009" report that describes how the company is addressing the climate challenge. The report is available online at http://www.fortum.com/sustainability/climate. Fortum has a long-standing, strong commitment to reducing greenhouse gas emissions from its energy production and other operations. Fortum's carbon-dioxide free power generation in Europe is already more than 90%. "For several years, Fortum has been acknowledged as one of the best utilities in the world for its approach to climate change by the Carbon Disclosure Project. With our newly-published report, we aim to further improve the transparency of our reporting", says Carola Teir-Lehtinen, Corporate Vice President, Sustainability, Fortum. "With this report, we disclose our climate strategy and performance to a wide group of stakeholders. It describes our strong track record in climate change mitigation and our role as an enabler of a low-carbon society. We believe that our climate strategy, good carbon governance and disclosure practice help investors to judge Fortum's position in meeting future climate commitments and higher carbon prices," she continues. In 2008, thanks to determined investments in low-carbon energy sources and emission reduction measures, 92% of Fortum's power generation in the EU was CO2-free. The specific CO2-emission of Fortum's power generation is only 10% of the corresponding average figure in Europe. A wide range of emission reduction measures have resulted in an annual total reduction of 3.6-5.9 million tonnes of CO2. Fortum has strict targets for carbon-dioxide emissions from its electricity and heat production within the EU. Outside the EU, Fortum is committed to increasing the energy efficiency of power plants and thus reducing specific emissions. A number of other mitigation measures have been taken as well, e.g. a CO2-emission limit for company cars and a 10% emission reduction target on CO2 from air travel. The Fortum and Climate Change 2009 report presents Fortum's position on climate change, describes its goals in CO2-emission reduction and lays out the actions taken to reach the goals with several case examples. The report also discusses carbon governance, climate-benign products and services as well as Fortum's research and development for a carbon-free future. The ultimate goal for Fortum is to become a carbon-dioxide free energy company. Fortum Corporation Corporate Communications Further information: Kari Kankaanpää, Manager, Climate Affairs, tel. +358 10 4532330 www.fortum.com/sustainability Fortum is a leading energy company focusing on the Nordic countries, Russia and the Baltic Rim area. Activities cover the generation, distribution and sale of electricity and heat and the operation and maintenance of power plants. Our vision is to be the benchmark power and heat company excelling in sustainability.