Fortum listed in the Climate Disclosure Leadership Index

Press release

Fortum is honoured as “Best in Class” for its approach to climate change disclosure in a report, which will be released today by the Carbon Disclosure Project (CDP), a coalition of over 315 global investors with more than $41 trillion in assets. The CDP report is a survey of the responses of “Financial Times 500” corporations on the issue of climate change.

In the report, Fortum is included for the first time in the “Climate Disclosure Leadership Index”, a prestigious honour roll for global corporations addressing the challenges of climate change. CDLI is comprised of 68 FT500 companies that show distinction in their reporting of greenhouse gas emissions and assessment of climate change strategies. Fortum scores 95 out of 100 and is ranked the second best in the electricity utilities category. Fortum is also the only Nordic power and heat company on the list.

"A place on the CDLI is a great honour for Fortum and recognition of our strong track record in climate change mitigation. We are already now one of the lowest-emitting power producers in Europe - and aim to maintain that position. We are currently investing strongly in more climate-benign power generation capacity, says Fortum’s President and CEO Mikael Lilius.

Fortum has set strict targets for its carbon dioxide emissions. In electricity production, the target is to decrease the specific CO2-emission level to less than 80 g/kWh by 2020 as a five-year average. In heat production, Fortum's aim is to reduce the specific emissions in each district heating area by at least 10% from 2006 until 2020.

All companies in the CDLI survey were assessed relative to their peers to provide an evaluation for investors on which companies have developed the most comprehensive climate change disclosure practices. Companies were ranked on a 100 point scale and all companies scoring over 85 are featured in the CDLI. CDLI members were distinguished by the disclosure of their awareness of the risks and opportunities of climate change, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.

“Fortum has set itself apart from its peers by disclosing the information required by investors to judge its readiness for the challenges and opportunities posed by climate change,” said CDP Chief Executive, Paul Dickinson.

The Carbon Disclosure Project is a special project of Rockefeller Philanthropy Advisors in New York. The group of investors is not a legal entity and the CDP has no authority to make any other statement on behalf of the participants. Full details on CDP, the CDP reports and the responses from corporations can be found at www.cdproject.net. The CDP5 report was written by Innovest Strategic Value Advisors.

Fortum Corporation
Corporate Communications


Further information:
www.cdproject.net
www.innovestgroup.com
www.fortum.com/sustainability

Kari Kankaanpää, Manager, Climate Affairs
Tel. +358 10 45 32330, kari.t.kankaanpaa@fortum.com