Fortum Oyj (FORTUM.HE)

14.67 +0.36 (+2.55%) At close: 06:29PM EEST

Fortum Oyj

CD Building
Keilalahdentie 2-4
Espoo 02150
Finland
358 10 4511
https://www.fortum.com

Sector(s): Utilities
Industry: Utilities - Renewable
Full-time employees: 5,251

Description

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services. The company's Consumer Solutions segment engages in electricity and gas retail businesses, including the provision of invoicing and customer services; and electricity and related value-added products, as well as digital services. This segment serves approximately 2 million customers. Fortum Oyj was incorporated in 1998 and is headquartered in Espoo, Finland.

Corporate governance

Fortum Oyj’s ISS governance QualityScore as of 1 June 2024 is 1. The pillar scores are Audit: 3; Board: 2; Shareholder rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.