Download the Sustainability report 2017 - apps.· A fish trap and transport facility for the Montta

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Transcript of Download the Sustainability report 2017 - apps.· A fish trap and transport facility for the Montta

  • Sustainability 2017

  • Environmental responsibility

    Social responsibility

    Reporting principles and assurance

    Sustainability approach Appendices

    Economic responsibility

    2

    Highlights 2017

    205 MWof new solar power in India and Russia and 32 MW of new wind power in Norway in operation

    Our circular economy business expanded and we gained 1.2 million new customers, increasing our Nordic customer base to

    2.5 million

    A fish trap and transport facility for the Montta hydropower plant commissioned in the River Oulujoki, Finland

    Energise Your Day wellbeing programme expanded to nine operating countries

    100%of employees completed our Safety & Security eLearning

    61% of our electricity production was CO2-free

    We reached our energy efficiency improvement target (1,400 GWh/a by 2020) in advance

    Our support to society increased to

    EUR 4.9 million, including a donation of EUR 1 million to Finnish universities

  • Environmental responsibility

    Social responsibility

    Reporting principles and assurance

    Sustainability approach Appendices

    Economic responsibility

    3

    Sustainability 2017

    Sustainability approach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Our contribution to the Sustainable Development Goals . . . . . . . . . . 5Key sustainability topics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Governance and management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Policies and commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Business ethics and compliance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12Stakeholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14Sustainability indexes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

    Economic responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Economic impacts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Customer satisfaction and reputation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Supply chain management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

    Environmental responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27Sustainable energy production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30Climate change mitigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32Improving energy efficiency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36Circular economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38Biodiversity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41Emissions into air . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43Water use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44Environmental non-compliances and incidents . . . . . . . . . . . . . . . . . . . . . 46

    Social responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47Security of supply . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50Safety and security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56Corporate citizenship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59Human rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61Product responsibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

    Reporting principles and assurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63Reporting principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63Reported GRI disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65Assurance report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

    Appendices1. Sustainability management by topic2. Fortums main internal policies and instructionsContact information

    Fortums 2017 reporting entity

    Financials

    Financials 2017

    Governance

    Governance 2017

    Tax Footprint

    Tax Footprint 2017

    CEO Letter

    CEO letter 2017

    Remuneration

    Remuneration 2017 Sustainability 2017

    SustainabilityOnline Annual Review

    http://apps.fortum.fi/investors/Fortum_Financials_2017.pdfhttp://apps.fortum.fi/investors/Fortum_Governance_2017.pdfhttp://apps.fortum.fi/investors/Fortum_Tax_Footprint_2017.pdfhttp://apps.fortum.fi/investors/Fortum_CEO_Letter_2017.pdfhttp://apps.fortum.fi/investors/Fortum_Remuneration_2017.pdfhttp://annualreport2017.fortum.com/en/

  • Environmental responsibility

    Social responsibility

    Reporting principles and assurance Appendices

    Economic responsibility

    4

    Sustainability approach

    Sustainability approachThe entire energy sector is undergoing a transformation . Four megatrends are shaping this change: Climate change and resource efficiency, urbanisation, digitalisation and new technologies, and active customers . These megatrends have a major impact on how energy is produced, sold and used .

    Our role is to accelerate this change by reshaping the energy system, improving resource efficiency and providing smart solutions . This way we deliver excellent shareholder value . Our values curiosity, responsibility, integrity and respect form the foundation for all our activities .

    Sustainability is an integral part of Fortums strategy . Business and responsibility are tightly linked, underlining the role of sustainable solutions as a competitive advantage . In our operations, we give balanced consideration to economic, social and environmental responsibility .

    FORTUMS VISION, MISSION AND STRATEGY

    FORTUMS VALUES

    https://www3.fortum.com/about-us/our-company/our-vision-mission-and-strategyhttps://www3.fortum.com/about-us/our-company/values

  • Environmental responsibility

    Social responsibility

    Reporting principles and assurance Appendices

    Economic responsibility

    5

    Sustainability approach

    Our contribution to the SDGs

    Policies and commitments

    Governance and management

    Sustainability indexes

    Key sustainability topics Stakeholders

    Business ethics and compliance

    Our contribution to the Sustainable Development Goals

    The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 define international sustainable development focus areas and goals to 2030 . We want to do our part to promote the achievement of the goals in our value chain by increasing our positive impacts and decreasing our negative impacts . The Sustainable Development Goals offer business opportunities as well as the opportunity to create value for our stakeholder groups .

    As a producer of energy and circular economy solutions, Fortum impacts most of the Sustainable Development Goals and their specific targets . In line with our strategy, we are driving the change towards a cleaner world . Those SDGs for which we have the biggest contribution to their achievement as well as our most important ways to contribute and our related Group sustainability targets are presented in the graphic .

    Fortum takes care of the working conditions and safety of its own and its contracto