Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Fortum Oyj
  6. News
  7. Summary
    FORTUM   FI0009007132

FORTUM OYJ

(FORTUM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Fortum Oyj : scores highly in its reporting on biodiversity .

06/01/2021 | 06:04am EDT

FORTUM CORPORATION ONLINE NEWS 1.6.2021

The Ecogain Biodiversity Index that evaluates the largest Nordic companies on their reporting on biodiversity, has ranked Fortum in second place - and first among Finnish companies. A total of 240 companies have been reviewed.

Ecogain reports, that Fortum has, in a clearer way than in previous years, identified biodiversity as one of its priority issues. In its Biodiversity Action Plan, Fortum describes goals, responsibilities, timelines and collaborations for projects in biological diversity. Here, the company also continuously reports on its ongoing and planned measures. In its Biodiversity Manual, Fortum describes its principles for biodiversity. The purpose of this manual is to improve Fortum's knowledge and management of biodiversity in its operations.

'It is pleasing that Fortum's reporting on biodiversity actions has gained attention,' says Toni Kekkinen, Head of Hydropower at Fortum. 'Fortum aims to be a driving force for a rapid and reliable transition to a carbon neutral society. Mitigating climate change is also one of the most effective ways of breaking the negative trends for many species.'

Nordic hydropower production does not emit any greenhouse gases into the atmosphere and is therefore good from a climate perspective. However, there is a certain local environment impact linked to water systems where dams and power stations are located. It is against this background that Fortum has identified biodiversity as a prioritised issue and has set a goal for 2021 of taking significant actions aimed at increasing biodiversity, as recognised by Ecogain.

The annual Environment Report on Fortum Hydropower presents in more specific detail what actions Fortum is taking to promote biodiversity and other environment issues. This year's report is now a digital only product to enable greater transparency and a better reader experience.

Examples of actions being taken include an inventory of land areas around the power stations the company operates on the river Klarälven, that has since become a pilot project for biodiversity. This is an educational process where Fortum's operating contractor now ring-barks trees, and clears young trees for the benefit of older deciduous trees. The report also talks about what is happening around Untra in the lower Dalälven river. For the past 10 years, Fortum has been working closely with the Uppland Foundation to manage around 300 ha of forest land in a way that is favourable for insect life. Large areas have been left to develop freely and nature conservation felling has been done to restore deciduous forest areas and create dead log piles.

More information: https://www.fortum.com/about-us/sustainability/sustainability-report-highlights/climate-and-resources/biodiversity

Disclaimer

Fortum Oyj published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 10:03:09 UTC.


© Publicnow 2021
All news about FORTUM OYJ
07/26ANALYSIS : 5G underdog Nokia firmly back in game after Lundmark's shakeup
RE
07/23FORTUM OYJ : Russian JV To Power Sberbank Offices With Wind
MT
07/23FORTUM OYJ : expands cooperation in the field of green energy supply in Russia .
PU
07/13FORTUM OYJ : Temporary reduction of power at Loviisa power plant Unit 1 due to h..
PU
07/09FORTUM OYJ : Moody's Revises Fortum's Outlook To Stable From Negative, Confirms ..
MT
07/08FORTUM OYJ : set to end the use of coal in its Russia division by the end of 202..
PU
07/08Fortum Ends Use of Coal in Russia With Sale of Argayash Coal-Fired Heat and P..
DJ
07/08FORTUM OYJ : to Exit Coal-Fired Power Plant in Russia
MT
07/08FORTUM OYJ : set to end the use of coal in its Russia division by the end of 202..
AQ
07/08JSC OTEK signed an agreement to acquire Argayash Coal-Fired Combined Heat and..
CI
More news
Financials
Sales 2021 63 052 M 74 824 M 74 824 M
Net income 2021 1 628 M 1 932 M 1 932 M
Net Debt 2021 6 653 M 7 895 M 7 895 M
P/E ratio 2021 13,7x
Yield 2021 4,87%
Capitalization 20 644 M 24 489 M 24 498 M
EV / Sales 2021 0,43x
EV / Sales 2022 0,42x
Nbr of Employees 20 036
Free-Float 47,3%
Chart FORTUM OYJ
Duration : Period :
Fortum Oyj Technical Analysis Chart | FORTUM | FI0009007132 | MarketScreener
Technical analysis trends FORTUM OYJ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 23,24 €
Average target price 22,82 €
Spread / Average Target -1,80%
EPS Revisions
Managers and Directors
Markus Heikki Erdem Rauramo President & Chief Executive Officer
Bernhard Günther Chief Financial Officer
Veli-Matti Reinikkala Chairman
Anja McAlister Deputy Chairman
Essimari Kairisto Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FORTUM OYJ17.97%24 489
NEXTERA ENERGY0.97%152 821
ENEL S.P.A.-5.99%93 790
DUKE ENERGY CORPORATION14.80%80 853
IBERDROLA, S.A.-13.16%75 053
SOUTHERN COMPANY4.93%67 615