Espoo, Finland, 2012-09-14 11:12 CEST (GLOBE NEWSWIRE) -- PRESS RELEASE 14 September 2012
Fortum's work on sustainability has received two important international recognitions. In the global Carbon Disclosure Leadership Index (CDLI) Fortum received a record high scoring 98 out of 100. Inclusion in the index indicates Fortum's strategic focus on climate change mitigation, consideration of its long-term impact on business, good internal data management and comprehensiveness in the company's climate reporting. Carbon Disclosure Project is representing 655 institutional investors with $78 trillion in assets.
Fortum was also listed in the Dow Jones Sustainability Index DJSI World for the tenth consecutive year. Fortum improved its scores especially in the area of social responsibility.
"Sustainability is at the core of our strategy and I am very delighted that we have been able to contribute to climate change mitigation and well-being of societies. Fortum is a major investor and employer, and we have a significant role in promoting local well-being. I am very pleased that our increasing efforts on social responsibility have been recognized", says Anne Brunila, Fortum's Executive Vice President of Corporate Relations and Strategy.
In addition to supply chain management, Fortum has outperformed in several areas of social responsibility, such as labour practices and stakeholder engagement compared to last year's results in Dow Jones assessment. Health and safety has been Fortum's priority for years and it has also been ranked high. Being a significant purchaser of goods and services Fortum has renewed its practices for supply chain management as well as started supplier audits in 2012.
In environmental responsibility, Fortum improved its result significantly in the environmental management, biodiversity and climate issues. In August 2012 OAO Fortum's operations in Russia received ISO 14001 certification bringing Fortum’s certification coverage up to 95%. In the economic responsibility Fortum was ranked industry best for its customer relationship management and the economic performance measurement and scorecard system. Fortum's compliance management including implementation of the revised Code of Conduct was also recognized.
Fortum is the only Nordic energy company included in the DJSI World and CDLI Index.
Fortum Corporation
Corporate Communications
Additional information:
Kari T. Kankaanpää, Sustainability Manager, Climate and Environmental Affairs
kari.t.kankaanpaa@fortum.com, tel. +358 50 453 2330
Background information for press
The Dow Jones Sustainability Index is created by evaluating the sustainability activities of 2,500 of the world's largest companies from 58 sectors. In 2012, altogether 340 companies were selected for the index. The Carbon Disclosure Leadership Index compares 51 Global 500 Index companies and their measures on climate issues.
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