Fortum at the top in the Nordic climate index
PRESS RELEASE 16 October 2012
Carbon Disclosure Project (CDP) has ranked Fortum in the shared first place in the Nordic Carbon Disclosure Leadership Index assessing the disclosure of climate change information. Fortum ranked best for the second consecutive year and received its highest scoring ever: 98 out of 100. CDP’s annual Nordic 260 report was released in Stockholm today.
"I am very delighted that our efforts on climate change mitigation have been recognized again. I believe our success is based on our persistent work to develop carbon dioxide-free energy production and the fact that climate issues have been integrated into our business strategy. At Fortum we believe that there will be a gradual transition towards a new energy system – a Solar Economy. Our view is based on the global challenges requiring the whole energy supply to be organised in a more sustainable way. In practice this means an energy system based on CO2-free electricity production, smart energy consumption and distribution, and high system and resource efficiency. Fortum's actions to contribute to the transition towards a Solar Economy include extensive use of hydropower, developing bioenergy, and active research in wave power, solar power and solar heat. In 2011, 85% of Fortum's electricity production in the EU was CO₂-free", says Anne Brunila, Fortum’s Executive Vice President, Corporate Relations and Strategy.
In the Nordic Carbon Disclosure Leadership Index, companies are scored on their climate change disclosure, and high scores indicate good internal data management and understanding of climate change-related issues affecting the company. The index comprises 26 companies and it is based on the analysis of the responses to CDP’s 2012 questionnaire, which focused on greenhouse gas emissions, emissions reduction targets, and risks and opportunities associated with climate change. The Nordic 260 report can be found at www.cdproject.net. CDP represents 655 institutional investors with USD 78 trillion in assets under management.
Fortum Corporation
Corporate Communications
Further information:
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 50 45 32330, kari.t.kankaanpaa@fortum.com
Fortum
Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia, Poland and the Baltics. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2011, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com