ABSTRACT

The corporate environment, health and safety unit manages the fund, the activities are discussed in Fortum's Climate Working Group, and Fortum's Climate Steering Group acts as the board of the Fund. In order to answer to the climate change challenge, Fortum has taken several proactive steps. The recognition of climate change as an issue that has a profound effect on the company's future is a starting point for the company's actions. For Fortum, the climate change-related decisions made at the EU level in Finland and Sweden are particularly important. In Finland, Fortum's emissions from energy were 8 million tonnes in 2001, over 10% of Finland's total emissions. There are large variations in Fortum's annual greenhouse gas emissions from energy production in Finland, because they correlate with the need to operate the coal-fired condensing power plants owned by Fortum.