Corporate Governance Statement 

Corporate governance at Fortum is based on the laws of Finland, the company’s Articles of Association and the Finnish Corporate Governance Code 2010. This Corporate Governance Statement has been prepared pursuant to Recommendation 54 of the Code and Chapter 2, Section 6 of the Securities Markets Act. The Corporate Governance Statement is issued separately from the company’s Operating and financial review report.

The company complies with the Finnish Corporate Governance Code. In addition, Fortum complies with the rules of NASDAQ OMX Helsinki Ltd, where it is listed, and the rules and regulations of the Finnish Financial Supervisory Authority. Fortum’s headquarters is located in Espoo, Finland.

The Corporate Governance Code is available on the website of the Securities Markets Association (

Fortum prepares consolidated financial statements and interim reports in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU, the Securities Markets Act as well as the appropriate Financial Supervision Authority’s standards and NASDAQ OMX Helsinki Ltd’s rules. The company’s Operating and financial review report and parent company financial statements are prepared in accordance with the Finnish Accounting Act and the opinions and guidelines of the Finnish Accounting Board. The auditor’s report covers the Operating and financial review report, consolidated financial statements and the parent company financial statements.