Vattenfall publishes Annual Report including Sustainability Report for 2012
Starting on Tuesday, 26 March, Vattenfall's Annual Report 2012 including Sustainability Report will be available for downloading from Vattenfall's website.
The Annual Report includes information about Vattenfall's financial results and performance during the year. It also describes the company's strategy, sustainability work and market situation.
"2012 was a tough year for the entire European energy sector, and the industry is facing considerable challenges. Demand stayed low as a result of the economic recession. At the same time, new capacity is being added, especially in renewable energy generation, which has led to low electricity prices. Low margins on electricity generation based on natural gas have put heavy pressure on the profitability of our gas-fired power plants, which a couple of years ago were considered to be a very good long-term investment. Previous market forecasts have been brushed aside, and what used to be considered 'normal' no longer applies. This is the new normal," comments Øystein Løseth, Vattenfall's President and CEO, in the Annual Report.
In the separate Sustainability Performance Report 2012 according to GRI, more detailed information is provided on the operations' environmental, social and economic impacts. Since 2003 Vattenfall has been reporting in accordance with the guidelines of the Global Reporting Initiative (GRI), which is an international framework for sustainability reporting.
The Annual Report including Sustainability Report can be downloaded from the following web pages:
The Sustainability Performance Report 2012 according to GRI (English version) can be downloaded from www.vattenfall.com/csr
A Swedish language version is expected to be available for downloading in April, from www.vattenfall.se/csr
Vattenfall discloses this information pursuant to the Swedish Securities Market Act.
For further information, please contact:
Klaus Aurich, Head of Investor Relations, mobile +46 70 539 65 14
Åsa Pettersson, Head of Sustainability, mobile +46 70 388 50 84
Robert Pletzin, Press Officer, mobile +46 72 516 86 06
From Vattenfall’s Press Office, telephone: +46 8 739 50 10