Annual Report 2014 | Suomeksi |

Investment

HR1 Human rights screening or clauses included in significant investment agreements

A sustainability assessment is carried out for all of our investment projects and it takes into consideration the environmental, occupational health and safety, and social impacts of the project. Projects requiring approval by the Fortum Executive Management Team are additionally subject to an assessment and approval by Group-level sustainability experts. The sustainability assessment includes a human rights evaluation, especially in new operating areas.

A human rights assessment is also part of the systematic assessment of country and counterparty risk when planning a project.

In 2014, one significant investment project outside the EU and Russia was implemented when a new solar power plant was built in India. Fortum’s human rights assessment model was used in this project. Additionally, a lighter version of the model was used in the assessment of projects under planning in 30 different countries.

Fortum's Supplier Code of Conduct is implemented in all of Fortum's operating countries and it is included in all purchase agreements exceeding EUR 50,000.

HR2 Employee training on human rights policies or procedures

The online course for Fortums's Code of Conduct includes training in human rights-related issues and the Code of

Conduct e-learning is part of the induction programme of new Fortum employees.

Our own personnel are responsible for conducting the sustainability-related supplier audits, which cover the most important human rights aspects related to purchases. By conducting the audits on our own, we gain a better idea of the supplier’s practices while increasing the supplier’s understanding of human rights issues. Fortum’s auditors each receive 1.5 days of internal training, during which they review the requirements of the Supplier Code of Conduct, the sub-areas to be audited, and the tools to be used to verify compliance with the requirements. After the training, supplier audits are started together with an experienced auditor.

In 2014, we trained nine auditors from Russia and Sweden. The total number of training hours was 108 and less than 1% of our personnel participated in the training. In 2015, we will continue training auditors and developing competence

in different divisions and countries.Those who have completed the internal training are recommended to also complete auditor training on the Social Accountability (SA8000) standard. With the exception of one auditor, the SA8000 auditor training has been completed by all of the trained auditors who regularly conduct audits.

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