Fortum has established a Green Finance Framework to further integrate the company’s sustainability ambitions into its financing.
The Green Finance Framework allows Fortum to raise capital via green bonds and loans (Green Debt) to refinance and finance renewable energy and energy efficiency projects, and/or nuclear power projects.
Fortum said it will always inform at issuance if it intends to finance any nuclear power generation projects with the proceeds of a given Green Debt instrument.
Projects financed by Green Debt may include fixed assets, capital expenditures and/or operational expenditures (including R&D expenditures).
Fortum chief finance officer Tiina Tuomela said: “We at Fortum want to drive the clean energy transition and we have the unique ability to deliver clean energy at large scale to customers and the Nordic energy system.
“Our actions are guided by our ambitious environmental targets.
“The Framework will enable us to allocate capital to existing assets needed to deliver reliable clean energy as well as green investments that drive decarbonisation and reduce emissions.”