Fortum’s sustainability approach captures the balanced management of the economic, social and environmental responsibility in the company’s operations. At Fortum, business and sustainability performance are tightly linked, underlining the role of sustainable solutions as a competitive advantage.
The economic responsibility for Fortum means competitiveness, performance excellence and market-driven production, which create long-term value and enable profitable growth. Fortum aims for performance excellence through continuous development of operational efficiency and core processes. We recognise that competitive advantage can be gained through benchmark operations in fuel management and trading, success in investments and customer processes, optimal operation and maintenance of power plants as well as core management of support processes.
The environmental responsibility at Fortum emphasises efficient use of resources and need to mitigate climate change and highlights our know-how in CO2-free hydro and nuclear power production and in energy-efficient CHP production. Research and development activities create prerequisites for environmentally-benign energy solutions. Climate change mitigation and the reduction of carbon dioxide emissions are important goals that affect the energy sector and the development of electricity and heat production. In addition to new technical innovations, also low-emissions and efficient traditional production technologies will be needed for a long time.
In the area of social responsibility, Fortum’s innovations and the secure supply of low-carbon power and heat support the development of society and increase well-being. Fortum’s sustainability approach also includes being a good corporate citizen and taking care of its own personnel and the surrounding community. Fortum promotes well-being and safety in the work environment, respect for individuals and mutual trust, and responsible operations in society.
Sustainability targets and performance
Fortum’s sustainability approach defines Group-level targets guiding operations and the key indicators used to monitor them. Based on these, the divisions define the division-level targets, which are partly monitored and reported also at the Group level.
The key indicators defined in the sustainability approach are the targets for specific CO2 emissions from total energy production, specific CO2emissions from electricity production in the EU, the target for overall efficiency of fuel use, the target for environmental certification and the target for occupational safety. The sustainability results for 2011 are presented in the table on the right as well as in the respective sections of the GRI content index.