Presentation with comments from Fortum Oyj to the Climate Impact Assessment of Nasdaq Helsinki by Sitra, launched at the United Nation's Sustainable Stock Exchange intiative's event Regional Dialogue: Nordic Countries on 4 November 2015.

1. Climate impact screening of companies
SSE Regional Dialogue: Nordic Countries
Helsinki, November 4th 2015
Kari Kankaanpää
Fortum Corporation

2. External assessments valuable for continuous improvement
• External independent assessments of
sustainability and rankings in significant
indexes are important for us, because they
support the development and continuous
improvement of our operations.
• We believe that accountability for mitigating
climate change is a business imperative.
• We welcome the increasing awareness and
interest of capital markets on climate
disclosure and performance.
• However, assessment metrics has to be
relevant for the issue under consideration and
regional and sector differences should be
taken into account.
2

3. Views on the Climate Impact Assessment report
• Carbon footprint is only a momentary snapshot
of current carbon exposure. Forward looking
analysis reflects better the risks and
opportunities of long-term investment.
– Integration of climate change mitigation
into company strategy
– Long and short term aspiration and
ambition in climate issue
– Past and future trend in decarbonisation
– Climate policy endorsement
• Various sectors differ in nature of climate
performance. Internal sector comparison
therefore important.
• CDP’s extensive database is a profound global
source for independent information and
could/should be utilised even more effectively.
3

4. 0
200
400
600
800
1 000
1 200
DEI
RWE
Drax
SSE
CEZ
E.ON
Vattenfall
EDP
Enel
Edipower
EnBW
GasNaturalFenosa
GDFSUEZ
DongEnergy
Fortumtotal
Iberdrola
PVO
EDF
Verbund
FortumEU
Statkraft
64
g CO2/kWh electricity, 2013
2014
64% of Fortum's total power generation CO2-free
94% of Fortum’s power generation in the EU CO2-free
Close to 100% of the ongoing investment programme
in the EU CO2-free
Average 328 g/kWh
200
Fortum's carbon exposure among the lowest in Europe
4
Note: : Fortum’s specific emissions of the power generation in 2014 in the EU were 39 g/kWh and in total 177 g/kWh.
Only European generation except “Fortum total“ which includes Russia.
Source:
PWC & Enerpresse, December 2014
Climate Change and Electricity, Fortum

5. 5
Solar Economy
Solar based production with
high overall system efficiency
Geothermal
Hydro
Wind
Sun
Ocean
Traditional
energy production
Exhaustible fuels that
burden the environment
Coal Gas
Oil
Advanced
energy production
Energy efficient and/or
low-emission production
Nuclear
today
Nuclear
tomorrow
CHP
CCS
Bio
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Fortum’s view
on the future energy system
Storage
Active
ConsumerDemand
Response
LowEfficiencyHighEfficiency
High Emissions Emission free
Interconnectors
Smart
applications

6. Next generation energy company
Twitter @KariKanka