Espoo, Finland, 2011-10-21 11:01 CEST (GLOBE NEWSWIRE) -- PRESS RELEASE
21.10.2011
Carbon Disclosure Project (CDP) has ranked Fortum as the best Nordic company in
the disclosure of climate change information.
For the fifth consecutive year Fortum is featured in CDP's Nordic Carbon
Disclosure Leadership Index. This index comprising 26 companies is a key
component of CDP's annual Nordic 260 report that was released in Stockholm
today. CDP represents 551 institutional investors with $71 trillion in assets
under management.
In the launch event Anne Brunila, Executive Vice President, Corporate Relations
and Sustainability at Fortum, presented Fortum's view on the transition towards
sustainable energy systems and solar economy. Brunila highlighted the company's
strong commitment to climate change mitigation, but reminded on the necessity
and importance of clear and coherent market and regulatory framework of which
the current economic uncertainty is underlining. According to Brunila,
prerequisites for solar economy include e.g. deregulated and transparent
wholesale and retail markets as well as predictable, market driven and
harmonised environmental regulation and energy policy.
Brunila also described prime examples on Fortum's actions to the sustainable
urban living in Stockholm area: development of smart grids and smart heating
and cooling solutions at Royal Seaport of Stockholm.
Amanda Haworth Wiklund, Director of CDP Nordic, said: “Company responses are an
abundant source of innovative examples. The R&D effort is paying off - Nordic
companies are showing that superior products can be made using less energy and
fewer of our scarce natural resources.”
The Nordic 260 report can be found at www.cdproject.net.
Further information:
Kari Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
Tel. +358 50 45 32330, kari.t.kankaanpaa@fortum.com
About Fortum
Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfill the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and sale
of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia and Baltic Rim area.
In the future, the integrating European and fast-growing Asian energy markets
provide additional growth opportunities. In 2010, Fortum's sales totalled EUR
6.3 billion and comparable operating profit was EUR 1.8 billion. We employ
approximately 10,500 people. Fortum's shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com
