Good News from Fri, 27 April, 2012:

Fortum joins Bettercoal initiative

Fortum’s long-term goal is to be a carbon dioxide-free power and heat company Fortum’s long-term goal is to be a carbon dioxide-free power and heat company

Finnish energy company Fortum has joined the Bettercoal initiative, an independent, non-profit organisation promoting improvements in coal mining.

The initiative was set up by DONG Energy, EDF, Enel, E.On, GDF SUEZ, RWE and Vattenfall. Fortum is the first new member and the only Finnish utility to join the initiative.

— Sustainability is an integral part of Fortum’s supply chain management, says Ulla Rehell, Vice President, Sustainability, Fortum.

— We are actively participating in industry and stakeholder dialogues on responsible fuel sourcing.

At the heart of the Bettercoal initiative is the Bettercoal Code which will build upon existing standards applied to mining, setting out the social, environmental and ethical standards which coal mining companies are expected to adhere to.

Over time Bettercoal also expects to develop appropriate tools, training and capacity building activities to further support suppliers.

Bettercoal is working through engagement with its stakeholders, including mining companies and operators.

— We need greater assurance that our coal is coming from mines which are taking a responsible approach to protecting workers, communities and their local environment, says Joachim Löchte, Chair of the Bettercoal Board of Directors.

Fortum’s long-term goal is to be a carbon dioxide-free power and heat company. In 2011, 65 per cent of Fortum’s total electricity production and 85 per cent of the company’s electricity production in the EU was carbon dioxide-free.

www.fortum.com

VL