Fortum’s Sustainability Report 2013 published – billions of euros in welfare for society

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| Source: Fortum
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Espoo, Finland, 2014-03-26 09:03 CET (GLOBE NEWSWIRE) -- PRESS RELEASE 26 March 2014

Fortum has today published its Sustainability Report 2013 as part of its online annual report. The report provides a comprehensive account of Fortum’s targets, activities and performance in the areas of economic, environmental and social responsibility.

“Fortum’s economic responsibility emphasises the company’s operations as a creator of local welfare,” says Ulla Rehell, Vice President, Sustainability, Fortum. “Our company is a significant employer, investor and tax payer in its countries of operation. In 2013, Fortum generated a total of about 3 billion euros worth of welfare in various countries in the form of wages, investments, taxes and dividends paid by the company for the financial period.” 

Stakeholder collaboration is a special focus in the reporting for 2013. The views of customers and other important stakeholder groups and how these views are taken into consideration in the business are presented from many different perspectives.

The reporting of the tax footprint has been further expanded. In addition to principles related to taxes and taxes borne and collected per type for the financial period, new items such as taxes borne, nominal corporate income tax rate and total tax rate in all the main production countries have been included in the report.

Fortum’s Sustainability Report follows Global Reporting Initiative (GRI) guidelines, and it has been assured by a third party. The entire report is available in Finnish and English. It can be viewed and printed on Fortum’s website at http://annualreport2013.fortum.com/en/sustainability.

Fortum Corporation
Corporate Communications

Additional information:
Ulla Rehell, Vice President, Sustainability, tel. +358 10 452 9251, ulla.rehell@fortum.com
Reijo Salo, Head of Tax, tel. +358 50 452 4443, reijo.k.salo@fortum.com

Read more of Fortum as a tax payer: http://annualreport2013.fortum.com/en/sustainability/our-business/generating-economic-value-for-stakeholders/fortum-as-a-tax-payer/

Fortum
Fortum’s purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 9,500 people. Fortum’s shares are traded on the NASDAQ OMX Helsinki. www.fortum.com