Annual Report 2013 | Suomeksi |
STANDARD DISCLOSURES PART I: Profile Disclosures
Code Description Inclusive­ness Global Compact Section/Further information
STANDARD DISCLOSURES PART II: Disclosures on Management Approach (DMAs)
Aspects Description Inclusive-
ness
Global Compact Section/Further information
STANDARD DISCLOSURES PART III: Performance Indicators
Code Description Inclusive-
ness
Global Compact Section/Further information

GRI index

 

 

 

Fully reported

Partially reported

Not reported

STANDARD DISCLOSURES PART I: Profile Disclosures + -
Code Description Inclusive-
ness
Global Compact Section/Further information
1. STRATEGY AND ANALYSIS
1.1 Statement from the most senior decision-maker of the organisation Annual Review/CEO's Review
1.2 Description of key impacts, risks, and opportunities Annual Review/Market Development
Sustainability targets and results
2. ORGANISATIONAL PROFILE
2.1 Name of the organisation Annual Review/Fortum in 2013/Group business structure
2.2 Primary brands, products, and/or services Annual Review/Fortum in 2013/Group business structure
2.3 Operational structure Annual Review/Fortum in 2013/Group business structure
2.4 Location of organisation's headquarters Annual Review/Fortum in 2013/Group business structure
2.5 Countries where the organisation operates Annual Review/Fortum in 2013/Fortum's operations and market areas
2.6 Nature of ownership and legal form Annual Review/Financials 2013/The Fortum share and shareholders
2.7 Markets served Annual Review/Fortum in 2013/Group business structure
2.8 Scale of the reporting organisation Annual Review/Fortum in 2013/Group business structure
Annual Review/Fortum in 2013/Year 2013 in figures/Sales and production
2.9 Significant changes during the reporting period regarding size, structure, or ownership Financials/Operating and financial review /Financial performance and position/Capital expenditure, investments&divestments of shares
Sustainability/GRI Section/Reporting principles
2.10 Awards received in the reporting period Sustainability/Sustainability Approach/Sustainability indexes
Fortum's Sustainability Report 2012 was selected as the winner in the Corporate Responsibility Reporting competition in Finland.
3. REPORT PARAMETERS
3.1 Reporting period Sustainability/GRI Section/Reporting principles
3.2 Date of most recent previous report Sustainability/GRI Section/Reporting principles
3.3 Reporting cycle Sustainability/GRI Section/Reporting principles
3.4 Contact information Contact information
3.5 Process for defining report content Sustainability/Stakeholder views/Materiality assessment
Sustainability/Our stakeholders/Stakeholder collaboration
3.6 Boundary of the report Sustainability/GRI Section/Reporting principles
3.7 State any specific limitations on the scope or boundary of the report. Sustainability/GRI Section/Reporting principles
3.8 Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organisations Sustainability/GRI Section/Reporting principles
3.9 Data measurement techniques and the bases of calculations Sustainability/GRI Section/Reporting principles
3.10 Explanation of the effect of any re-statements of information provided in earlier reports Sustainability/GRI Section/Reporting principles
3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report. Sustainability/GRI Section/Reporting principles
3.12 GRI content index Sustainability/GRI Section/GRI index
3.13 Policy and current practice with regard to seeking external assurance for the report Assurance Statement
4. GOVERNANCE, COMMITMENTS, AND ENGAGEMENT
4.1 Governance structure of the organisation Governance/Corporate Governance Statement/Governing bodies of Fortum
4.2 The Board Chair's function within the organisation's management Governance/Corporate Governance Statement/Governing bodies of Fortum
4.3 Independence of Board members Governance/Corporate Governance Statement/Governing bodies of Fortum
4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body Sustainability/GRI Section/Social performance indicators/Employees and work conditions
The shareholders have the right to make decisions over company matters in a General Meeting of Shareholders and to ask questions about the issues covered in the meeting. The operations and duties of the Annual General Meeting and the Board of Directors are explained in the Fortum Financials.
Governance/Corporate Governance Statement/Governing bodies of Fortum
4.5 Linkage between compensation for members of the Board and the management, and the organisation's sustainability performance Governance/Remuneration
4.6 Processes in place for the Board to ensure conflicts of interest are avoided Governance/Corporate Governance Statement/Governing bodies of Fortum
4.7 Process for determining the composition, qualifications, and expertise of the members of the highest governance body and its committees, including any consideration of gender and other indicators of diversity. Governance/Corporate Governance Statement/Governing bodies of Fortum
4.8 Mission, values, codes of conduct, and principles and the status of their implementation Annual Review/Strategy
Sustainability/GRI Section/Sustainability management
4.9 Procedures of the highest governance body for overseeing the organisation's identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles Governance/Corporate Governance Statement/Governing bodies of Fortum
As of the beginning of 2013, results of the sustainability indicators are regularly reported to Fortum Board of Directors.
Financials/Operating and financial review/Risk management
Sustainability/Sustainability Approach/Sustainability target setting
4.10 Processes for evaluating the highest governance body's own performance Governance/Corporate Governance Statement/Governing bodies of Fortum
The Board of Directors conducts an annual self-assessment.
4.11 Explanation of how the precautionary principle is addressed Sustainability/Sustainability Approach
Sustainability assessment is part of every acquisition and investment.
Financials/Operating and financial review/Risk management
4.12 Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses. Sustainability/GRI Section/Sustainability management
Sustainability/Our stakeholders/Stakeholder collaboration/Authorities and energy industry organisations
4.13 Memberships in associations and advocacy organisations Sustainability/Our stakeholders/Stakeholder collaboration/Authorities and energy industry organisations
List of collaboration partners can be found from Fortum's website
4.14 List of stakeholder groups engaged by the organisation Sustainability/Our stakeholders
4.15 Basis for identification and selection of stakeholders with whom to engage Sustainability/Our stakeholders/Stakeholder views/Materiality assessment
Sustainability/Our stakeholders/Stakeholder views/Customer satisfaction
4.16 Approaches to stakeholder engagement Sustainability/Our stakeholders/Stakeholder collaboration
4.17 Key topics and concerns that have been raised through stakeholder engagement Sustainability/Our stakeholders/Stakeholder views
STANDARD DISCLOSURES PART II: Disclosures on Management Approach (DMAs) + -
Description Inclusive-
ness
Global Compact Section/Further information
ECONOMIC RESPONSIBILITY
Aspects Economic performance and indirect economic impacts Sustainability/GRI Section/Sustainability management
Market presence Annual Review/Market Development
Annual Review/Fortum in 2013/ Operations and market areas
ENVIRONMENTAL RESPONSIBILITY
Aspects Materials, energy, water, emissions, effluents and waste, products and services, compliance and overall Sustainability/GRI Section/Sustainability management
Fortum Sustainability Policy
Biodiversity Sustainability/GRI Section/Sustainability management
Fortum Sustainability Policy
Biodiversity guidelines
Transport Sustainability/GRI Section/Sustainability management
Fortum Sustainability Policy
Fortum's response to CDP
SOCIAL RESPONSIBILITY/LABOUR PRACTICES
Aspects Employment, labor/management relations, occupational health and safety, training and education, diversity and equal opportunity and equal remuneration for women and men Sustainability/GRI Section/Sustainability management
Fortum HR Policy
SOCIAL RESPONSIBILITY/HUMAN RIGHTS
Aspects Investment and procurement practices, indigenous rights Investment evaluation and approval procedure
Non-discrimination Sustainability/GRI Section/Sustainability management
Fortum HR Policy
Freedom of association and collective bargaining, child labor, prevention of forced and compulsory labor and security practices Sustainability/GRI Section/Sustainability management
Fortum HR Policy
Fortum Code of Conduct
Fortum Supplier Code of Conduct
Assessment, remediation Sustainability/GRI Section/Sustainability management
Fortum HR Policy
Fortum Code of Conduct
Fortum Supplier Code of Conduct
Investment evaluation and approval procedure
SOCIAL RESPONSIBILITY/SOCIETY
Aspects Local communities Sustainability/Our stakeholders/Stakeholder collaboration/Local communities
Sustainability/Our stakeholders/Stakeholder views
Corruption, anti-competitive behavior and compliance Fortum Code of Conduct
Supplier Code of Conduct
Public policy Sustainability Policy
SOCIAL RESPONSIBILITY/PRODUCT RESPONSIBILITY
Aspects Customer health and safety Sustainability/Our stakeholders/Stakeholder collaboration/Customers
Product and service labelling Sustainability/Our business/Electricity and heat sales
Marketing communications, customer privacy and compliance Fortum Code of Conduct
STANDARD DISCLOSURES PART III: Performance Indicators + -
Code Description Inclusive-
ness
Global Compact Section/Further information
ECONOMIC RESPONSIBILITY
Economic performance
EC1 Direct economic value generated and distributed EC1
EC2 Financial implications and other risks and opportunities due to climate change EC2
Financials/Strategic risks
Fortum's CDP reporting
EC3 Coverage of the organisation's defined benefit plan obligations Governance/Remuneration/Pensions
EC4 Significant financial assistance received from government Sustainability/Our business/Generating economic value for stakeholders/Fortum as a tax payer
Support not specified by categories.
Market presence
EC5 Standard entry level wage by gender compared to local minimum wage at significant locations of operation
EC6 Spending on locally-based suppliers EC6
Local purchasing volumes presented in euros, not as percentages. A guiding policy on local purchasing is not available.
Responsible fuel purchasing
EC7 Procedures for local hiring EC7
Local hiring policy not available.
Indirect economic impacts
EC8 Development and impact of infrastructure investments and services provided for public benefit EC8
On a larger scale, Fortum's investments in infrastructure – especially in the districting heating network in Russia – can be considered as providing public benefit, even though the investments also have economic benefits.
Fortum's economic impacts
EC9 Significant indirect economic impacts, including the extent of impacts EC9
Negative, indirect economic impacts have not been analysed. Benchmarking has not been done.
Fortum's economic impacts
EU6 Management approach to ensure short and long-term electricity availability and reliability Fortum in Brief/Group Business Structure
Our Business/Energy Distribution
EU7 Demand-side management programs including residential, commercial, institutional and industrial programs Our Stakeholders/Customers
EU8 Research and development activity and expenditure aimed at providing reliable electricity and promoting sustainable development Our Strategy/Research and Development
EU9 Provisions for decommissioning of nuclear power sites Financials/Consolidated financial statements Note 30 Nuclear related assets and liabilities
EU10 Planned capacity against projected electricity demand over the long term, broken down by energy source and regulatory regime EU10
Annual Review/Market Development
Financials/Operating and financial review/Capital expenditure, investments & divestments of shares
EU11 Average generation efficiency of thermal plants by energy source and regulatory regime EU11
Generation efficiency of thermal plants reported for total production, without the breakdown required in the indicator.
EU12 Transmission and distribution losses as a percentage of total energy. EU12
ENVIRONMENTAL RESPONSIBILITY
Materials
EN1 Materials used EN1
EN2 Materials used that are recycled input materials EN2
Energy
EN3 Direct energy consumption EN3
EN4 Indirect energy consumption EN4
Primary energy sources for purchased electricity are not exactly known.
EN5 Energy saved due to conservation and efficiency improvements EN5
EN6 Energy-efficient or renewable energy based products and services EN6
Fortum offers electricity products produced with renewable energy sources. We also offer energy efficiency advice and devices (e.g. home displays) which help our customers to control their electricity consumption.
EN7 Initiatives to reduce indirect energy consumption and reductions achieved EN7
Achieved reductions are not reported.
Water
EN8 Water withdrawal EN8
Environmental summary
EN9 Water sources significantly affected by withdrawal of water EN9
EN10 Water recycled and reused EN10
Biodiversity
EN11 Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas EN11
EN12 Description of significant impacts of activities on biodiversity in protected areas and areas of high biodiversity value EN12
Impacts have not been described in detail.
EN13 Habitats protected or restored EN13
Size of habitats has not been reported.
Reducing hydropower’s environmental impacts
Reducing the environmental impacts of energy distribution
EN14 Strategies, current actions, and future plans for managing impacts on biodiversity EN14
Reducing hydropower’s environmental impacts
Reducing the environmental impacts of energy distribution
EN15 Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations EN15
No comprehensive study has been made on threatened species.
Emissions, effluents and waste
EN16 Direct and indirect greenhouse gas emissions EN16
Environmental summary
EN17 Other relevant indirect greenhouse gas emissions EN17
EN18 Initiatives to reduce greenhouse gas emissions and reductions achieved EN18
Hydropower
Emissions, effluents and waste/Increasing the use of biomass
CHP/Diverse use of fuels
Financials/Consolidated financial statements/Note 19.2 Capital expenditure
EN19 Emissions of ozone-depleting substances EN19
EN20 NOx, SOx, and other significant air emissions by type EN20
The whole list of heavy metals has not been reported, only mercury.
Environmental summary
EN21 Water discharge EN21
Waste water volumes have not been reported by type of treatment.
Reducing CHP’s environmental impacts
Environmental summary
EN22 Total weight of waste by type and disposal method EN22
Waste volumes have not been reported in detail by type of treatment.
Reducing nuclear power’s environmental impacts
Nuclear waste management
Environmental summary
EN23 Total number and volume of significant spills EN23
EN24 Weight of transported, imported, exported, or treated waste deemed hazardous Not relevant for Fortum.
EN25 Water bodies and related habitats significantly affected by the reporting organization's discharges of water and runoff EN25
Products and services
EN26 Initiatives to mitigate environmental impacts of products and services EN26
EN27 Percentage of products sold and their packaging materials that are reclaimed by category Not relevant for Fortum.
Compliance
EN28 Compliance with environmental law and regulations EN28
Possible disputes have not been reported.
Transport
EN29 Significant environmental impacts of transporting EN29
Measures to mitigate environmental impacts have not been reported.
Overall
EN30 Total environmental protection expenditures and investments by type EN30
SOCIAL RESPONSIBILITY: LABOR PRACTICES AND DECENT WORK
Employment
LA1 Total workforce by employment type, employment contract, and region, broken down by gender LA1
Social summary
LA2 Employee turnover LA2
Social summary
LA3 Benefits provided to permanent employees LA3
Financial summary
EC3
LA15 Return to work and retention rates after parental leave, by gender
Labor/management relations
LA4 Percentage of employees covered by collective bargaining agreements LA4
Fortum does not monitor the unionisation of its employees.
LA5 Minimum notice period(s) regarding significant operational changes LA5
Occupational health and safety
LA6 Percentage of total workforce represented in formal health and safety committees LA6
LA7 Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region and by gender LA7
Rates of injury are not reported by country, occupational diseases reported only in Finland.
Social summary
LA8 Education and counseling to assist workforce members regarding serious diseases LA8
LA9 Health and safety topics covered in formal agreements with trade unions
Training and education
LA10 Average hours of training per year per employee by gender, and by employee category
LA11 Programs for skills management and lifelong learning LA11
Programs for managing career endings not reported.
LA12 Performance and career development reviews, by gender LA12
Diversity and equal opportunity
LA13 Composition and diveristy of governance bodies and employee categories LA13
Minority groups are not reported.
Social summary
Governance/Board of Directors
Equal remuneration for women and men
LA14 Ratio of basic salary and remuneration of women to men LA14
Reported excluding Russia.
SOCIAL RESPONSIBILITY: HUMAN RIGHTS
Investment and procurement practices
HR1 Human rights screening in investment decisions HR1
Total number and percentage are not reported.
HR2 Suppliers and contractors that have undergone human rights screening HR2
Percentage is not reported.
HR3 Employee training on policies and procedures concerning aspects of human rights HR3
Training hours are not reported.
Non-discrimination
HR4 Total number of incidents of discrimination and corrective actions taken HR4
Freedom of association and collective bargaining
HR5 Operations in which the right to exercise freedom of association and collective bargaining may be violated HR5
LA4
Child labor
HR6 Operations identified as having significant risk for incidents of child labor, and measures taken to contribute to the effective abolition of child labor HR6
HR
HR7 Operations identified as having significant risk for incidents of forced or compulsory labor, and measures to contribute to the elimination of all forms of forced or compulsory labor HR7
Security practices
HR8 Percentage of security personnel trained in aspects of human rights
Indigenous rights
HR9 Total number of incidents of violations involving rights of indigenous people and actions taken
Assessment
HR10 Operations that have been subject to human rights reviews and/or impact assessments
Remediation
HR11 Number of grievances related to human rights filed, addressed and resolved through formal grievance mechanisms
EU16 Policies and requirements regarding health and safety of employees and employees of contractors and subcontractors EU16
EU17 Days worked by contractors and subcontractor employees involved in construction, operation and maintenance activities LA1
EU18 Percentage of contractor and subcontractor employees that have undergone relevant health and safety training EU18
Percentage is not reported.
SOCIAL RESPONSIBILITY: SOCIETY
Local communities
SO1 Programmes that assess and manage the impacts of operations on communities SO1
Percentage is not reported.
SO9 Operations with significant potential or actual negative impacts on local communities.
SO10 Prevention and mitigation measures implemented in operations with significant potential or actual negative impacts on local communities
Corruption
SO2 Percentage and total number of business units analysed for risks related to corruption SO2
SO3 Percentage of employees trained in anti-corruption policies and procedures SO3
Percentage is not reported.
SO4 Actions taken in response to incidents of corruption SO4
Public policy
SO5 Public policy positions and participation in public policy development and lobbying. SO5
Our stakeholders
Our stakeholders/Authorities and enegy industry organisations
SO6 Total value of financial and in-kind contributions to political parties, politicians, and related institutions SO6
EC8
Anti-competitive behavior
SO7 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices SO7
Compliance
SO8 Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations. SO8
EU19 Stakeholder participation in the decison making process related to energy planning and infrastructure development EU19
Projects are not reported.
EU21 Contingency planning measures, disaster/emergency management plan and training programs, and recovery/restoration plans EU21
Specific projects/models are not reported on a local level.
SOCIAL RESPONSIBILITY: PRODUCT RESPONSIBILITY
Customer health and safety
PR1 Assessment of health and safety impacts of products
PR2 Non-compliance with regulations concerning health and safety impacts of products
Product and service labelling
PR3 Product information required by procedures PR3
Percentage is not reported.
PR4 Non-compliance with regulations concerning product information and labelling
PR5 Customer satisfaction PR5
Our Stakeholders/Customers
Marketing communications
PR6 Adherence to marketing communications laws, standards and voluntary codes
PR7 Non-compliance with marketing communications regulations and voluntary codes PR7
Customer privacy
PR8 Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data.
Compliance
PR9 Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services PR9
EU28 Power outage frequency EU28
EU29 Average power outage duration EU29
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